Global Orthopedic Disposable Market – Industry Trends and Forecast to 2029

Orthopedic Disposable Market Analysis and Size

During the forecast period, a significant growth rate is anticipated in the worldwide orthopaedic disposables market. Growing need for orthopaedic medical devices and rising disposable medical product demand contribute to market expansion. The growing elderly population and rising cases of chronic conditions, including diabetes, obesity, osteoarthritis, and osteoporosis, among others, are expected to propel the expansion of the orthopaedic disposable market.

Data Bridge Market Research analyses that the orthopedic disposable market which was USD 58.69 billion in 2021, would rocket up to USD 85.40 billion by 2029, and is expected to undergo a CAGR of 4.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Orthopedic Disposable Market Scope and Segmentation      

Market Definition

Orthopedics is a branch of medicine that focuses on the care of the musculoskeletal system. This system is made up of muscles and bones, as well as joints, ligaments, and tendons. The growing acceptance of single-use procedural kits by medical device designers, manufacturers, and surgeons in the healthcare sector is improving the global orthopedic disposables market demand.

Orthopedic Disposable Market Dynamics

Drivers

• Rise in the geriatric population

The market is being pushed by an ageing population and rising rates of osteoarthritis and osteoporosis around the world. Furthermore, increased medical tourism and technological improvements have played an important role in the market's expansion.

Furthermore, the orthopedic disposable market is being driven by factors such as an increase in the geriatric population, a high risk of osteoporosis and osteoarthritis, and an increase in joint replacement and sports accidents worldwide. Over the forecast period of 2022 to 2029, fractures and trauma cases are also expected to increase the market. Additionally, technical advancements such as 3D printing and smart sensors, both of which have a high product penetration, are boosting market growth.

• Advent of 3D printing technology

3D printing technology has gained a lot of traction among medical device manufacturers for making patient-specific implants, prototypes, and biodegradable implants, among other things, propelling the industry forward.

Opportunities

• Rising healthcare expenditure

Increasing global healthcare expenditure and the emergence of more domestic orthopedic device manufacturing companies are expected to drive the growth of the global orthopedic disposable market in the coming years, and easier accessibility to orthopedic devices is boosting the adoption of orthopedic devices.

• Significant rise in the number of osteoporosis patients

In the coming years, advances in limiting side effects are projected to generate profitable prospects for the orthopaedic business. Large rates of co-morbidities, such as obesity and diabetes, have been increasing the risk of degenerative joint disease, particularly among the elderly. As more young people participate in sports and fitness activities, the incidence of accidents related to these activities is on the rise. This has increased demand for market.

Restraints/Challenges

On the other hand, the lack of infrastructure competence to execute surgery limits its incursion and acceptance, which will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the orthopedic disposable market.

This orthopedic disposable market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the orthopedic disposable market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Orthopedic Disposable Market

The epidemic has affected how many medical procedures, particularly orthopaedic surgery, operate. For orthopaedic surgeons to be able to continue offering their patients safe and effective care throughout the COVID-19 pandemic, it was necessary to put into place and adhere to stringent regulations that were specific to each speciality. The National Association for the Advancement of Orthotics and Devices (NAAOP), for instance, issued an alert in March 2020 in the United States making it clear that during the COVID-19 national emergency, state and local health authorities should consider orthotic and prosthetic practises as essential providers that must remain accessible to patients in need of orthotic and prosthetic care.

Recent Development

• In November 2020, The Aurora Spine Corporation introduced the SOLOTM ALIF Stand-Alone Cage system for spinal surgery. The SOLOTM is a standalone device that is implanted with just one incision, resulting in less trauma for the patient and time savings for the surgical team
• In 2019, Smith+Nephew purchase the orthopaedic joint reconstruction division of Brainlab. This purchase is anticipated to accelerate the development and uptake of digital technologies to improve surgical efficiency and outcomes, which might have a beneficial effect on the market's expansion
• In August 2021, The Orthopaedic Implant Company commercially introduced the DRPx System, a wrist fracture plating system, after receiving FDA permission. The device has improved ergonomics to more cost-effectively accommodate orthopaedic surgeons' preferred techniques

Global Orthopedic Disposable Market Scope

The orthopedic disposable market is segmented on the basis of type, area of treatment, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Joint Reconstruction Devices
• Spinal Surgery Devices
• Trauma Fixation Devices
• Orthobiologics Devices
•  Arthroscopy Devices
• Orthopedic Braces
• Support Devices
• Craniomaxillofacial (CMF) Devices
• Orthopedic Prosthetics
• Orthopedic Accessories

Area of Treatment

• Trauma
• Spine
• Knee
• Hip

Distribution Channel

• Private
• Public

End-User

• Hospitals and Clinics
• Diagnostic Laboratories
• Others

Orthopedic Disposable Market Regional Analysis/Insights

The orthopedic disposable market is analysed and market size insights and trends are provided by country, type, area of treatment, distribution channel and end-user as referenced above.

The countries covered in the orthopedic disposable market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the orthopedic disposable market due to the direct presence of key regional players, a strong distribution network, and a well-established healthcare infrastructure.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and the growing demand of advanced medical technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Orthopedic Disposable Market Share Analysis

The orthopedic disposable market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to orthopedic disposable market.

Some of the major players operating in the orthopedic disposable market are:

• Zimmer Biomet (U.S)
• Smith + Nephew (Germany)
• Medtronic (Ireland)
• Stryker (U.S)
• B Braun Melsungen AG (Germany)
• NuVasive, Inc. (U.S)
• DJO, LLC (U.S)
• Institut Straumann AG (Switzerland)
• OSSTEM IMPLANT CO., LTD. (South Korea)
• Narang Medical Limited (U.S)
• Globus Medical (U.S)
• Arthrex, Inc. (U.S)
• CONMED Corporation (U.S)
• Integra LifeSciences Corporation (U.S)
• RTI Surgical (U.S)
• W. L. Gore & Associates, Inc. (U.S)
• Corin Group (U.S)
• Johnson & Johnson Services, Inc. (U.S)

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