U.S. Orthopedic Devices Market Size Worth $12,254.7 Million By 2032 CAGR: 4.4%

The U.S. orthopedic devices market size is expected to reach USD 12,254.7 Million by 2032, according to a new study by Polaris Market Research. The report “U.S. Orthopedic Devices Market Share, Size, Trends, Industry Analysis Report, By Product (Accessories and Surgical Devices); By Application; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The U.S. orthopedic devices market is underpinned by several key drivers, including the high incidence of orthopedic disorders. Factors such as the aging population, degenerative bone diseases, and the rise in road accidents contribute to the prevalence of orthopedic conditions, propelling demand for orthopedic devices. Moreover, sedentary lifestyles and obesity are leading to an early onset of musculoskeletal disorders, further fueling market growth.

Furthermore, the availability of advanced orthopedic devices and rapid development in healthcare infrastructure globally are expected to positively influence market growth. Increased awareness and availability of minimally invasive surgical techniques, with their multiple benefits, are driving market expansion. Additionally, the growing participation in sports and physical activities is directly impacting the rising number of sports injuries requiring medical assistance, further stimulating market development.

The introduction of advanced orthopedic devices is also reducing the prices of older versions significantly, making them more accessible. These factors collectively contribute to increasing procedural volumes and market growth over the forecast period, reflecting a dynamic landscape driven by evolving healthcare needs and technological advancements.

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An opportunity for U.S. orthopedic devices lies in technological advancements to enhance patient outcomes and address evolving healthcare needs. By investing in research and development, companies can develop innovative solutions that improve the efficacy, safety, and cost-effectiveness of orthopedic devices. Additionally, there is an opportunity to expand market reach by catering to the growing demand for orthopedic devices in emerging markets and addressing unmet needs in specialized orthopedic segments.

U.S. Orthopedic Devices Market Report Highlights

• In 2023, accessories segment accounted for the largest market share in the U.S. orthopedic devices market. The rising prevalence of orthopedic conditions and the growing demand for orthopedic surgeries contribute to increased utilization of accessories. As the volume of orthopedic procedures continues to rise, so does the demand for associated accessories, driving market growth within this segment.
• The SET (sports medicine, extremities, and trauma) segment is expected to grow at the fastest CAGR during the forecast period. The SET segment is expanding beyond traditional sports medicine applications to include orthopedic interventions for extremity injuries and trauma cases. This broader scope increases the addressable market for SET devices and contributes to their growing demand.
• The key market players are Arthrex Inc., Globus Medical, Integra LifeSciences, Johnson & Johnson Services, Inc., Medtronic, NuVasive, Inc., Ossur Corporate, Smith & Nephew, Stryker, Zimmer Biomet

Polaris Market Research has segmented the U.S. orthopedic devices market report based on product and application.

U.S. Orthopedic Devices, Product Outlook (Revenue - USD Million, 2019 - 2032)

• Accessories
• Surgical Devices

U.S. Orthopedic Devices, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Hip
• Knee
• Spine
• Cranio-Maxillofacial
• Dental
• SET

U.S. Orthopedic Devices Market Report Scope