Orthopedic Contract Manufacturing Market Size Worth $ 15.20 Billion By 2032 | CAGR: 7.6%

The global orthopedic contract manufacturing market size is expected to reach USD 15.20 billion by 2032, according to a new study by Polaris Market Research. The report “Orthopedic Contract Manufacturing Market Share, Size, Trends, Industry Analysis Report, By Type (Implants, Instruments, Cases, Trays), By Services, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising trend of offshoring medical device manufacturing to emerging economies, along with an increase in orthopedic conditions, advancements in orthopedic implant technology, and the expansion of pipeline products, are among the factors driving the demand for contract manufacturing services. This trend contributes to the growth of the global market.

Innovations in orthopedic devices and implants have fundamentally reshaped musculoskeletal healthcare, leading to improved patient outcomes and innovative treatment methodologies. Advanced technologies like 3D printing, cutting-edge alloys, minimally invasive procedures, and the integration of nanotechnology have spurred the demand for orthopedic products. Many medical device firms are dedicated to creating these groundbreaking solutions.

Stringent regulatory requirements have prompted significant evolution within the industry, with participants now specializing in specific areas such as research, development, or manufacturing. This specialization has given rise to a thriving outsourcing industry, where medical device manufacturers leverage the specialized expertise of outsourcing firms to enhance agility and capital efficiency. Consequently, the industry is characterized by fragmentation, with only a handful of large firms possessing diverse capabilities, while a multitude of medium and small firms offer specialized services.

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Companies in the market are collaborating with other companies to expand their manufacturing capabilities. In June 2023, Invibio Biomaterial Solutions disclosed a partnership with Paragon Medical aimed at expanding the production of its PEEK-OPTIMA Ultra-Reinforced medical trauma devices. This collaboration aligns with Paragon Medical's recent enlargement of its manufacturing plant in Changzhou, China.

Similarly, in December 2023, Researchers at the James Watt School of Engineering were pleased to hear about the recent funding secured by the consortium, supported by the University of Glasgow. The Medical Device Manufacturing Centre (MDMC) has received EUR 3.35 million in additional funding from Scottish Enterprise. This funding will enable the MDMC to advance its efforts in developing innovative medical devices and enhancing sustainability within the industry.

Moreover, the growing desire among patients for orthopedic implants that are customized to their specific anatomy and needs is fueling the demand for specialized vendors capable of manufacturing such personalized products. Additionally, the rise in orthopedic ailments like osteoarthritis, fractures, and traumas has contributed to increased demand for bone health solutions, thereby bolstering the expansion of the worldwide market.

Orthopedic Contract Manufacturing Market Report Highlights

• The implants segment held the largest share, owing to the rise in demand for innovative implants and favorable regulatory compliance
• The spine & trauma segment will grow at the fastest rate due to innovations in material science, design, and technology
• Asia Pacific will grow at a robust pace as more companies are partnering with local companies to set up manufacturing facilities in the area
• The global players include Tecomet, Cretex companies, Viant, ARCH Medical, Avalign Technologies, LISI Medical, Paragon Medical, & Autocam Medical

Polaris Market Research has segmented the orthopedic contract manufacturing market report based on type, services, and region:

Orthopedic Contract Manufacturing, Type Outlook (Revenue - USD Billion, 2019- 2032)

• Implants
• Instruments
• Cases
• Trays

Orthopedic Contract Manufacturing, Services Outlook (Revenue - USD Billion, 2019- 2032)

• Forging/Casting
• Hip Machining & Finishing
• Knee Machining & Finishing
• Spine & Trauma
• Instrument Machining & Finishing
• Others

Orthopedic Contract Manufacturing, Regional Outlook (Revenue - USD Billion, 2019- 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Malaysia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of middle East & Africa

Orthopedic Contract Manufacturing Market Report Scope