Orthopedic medical equipment refers to professional medical devices that are specially used for orthopedic surgery and ***. According to the use and performance, orthopedic medical equipment is mainly divided into orthopedic surgical instruments, orthopedic implants, orthopedic equipment and orthopedic imaging equipment. In addition, there are some orthopedic active instruments, such as bone drills, bone saws, bone chisels, etc., which are used for bone drilling, sawing, chiseling and other operations.
Segment analysis
From the perspective of downstream applications, orthopedic medical devices are mainly used in orthopedics and dentistry. Among them, plastic surgery dominates the market. According to the research data of Berges, in 2023, the application revenue of orthopedic medical equipment in plastic surgery will reach about 5307 billion US dollars, with a market share of 90Around 88%.
Regionally, North America is the largest revenue market for the industry. According to the data, the revenue of the North American orthopedic medical device market in 2023 will be about 326$3.6 billion, with a market share of 55Around 89%. In addition, Europe and Asia-Pacific are also important parts of the global orthopedic medical device market, with a market share of around 20%.
Global Orthopedic Medical Devices Market Size and Share by Application, Region, and Segment** in 2023.
Data**: Bergers Consulting.
Overview of market developments and analysis of the competitive landscape
The orthopedic medical equipment market is an important market segment in the field of medical devices, and the market demand for orthopedic medical devices continues to grow as the global population aging trend intensifies and the incidence of orthopedic diseases continues to rise. According to our data, in 2023, the total revenue of the global orthopedic medical devices market is about 583$9.4 billion, which is expected to increase to $653 by 2025$4.6 billion.
From the perspective of market competition, the global orthopedic medical equipment market is moderately concentrated. According to the data, in 2020, the revenue of the industry's top 3 enterprises in the orthopedic medical equipment market totaled 213$6 billion, with a total market share of 4387%。The top 3 companies are Johnson & Johnson, Zimmer Biomet and Stryker, and the revenue of the orthopedic medical device market of these three companies accounted for respectively in the global market in 2020. 87% and 1229%。
Global Orthopedic Medical Devices Market Revenue Statistics, ** and Competitive Landscape Analysis.
Data**: Bergers Consulting.
Analysis of market development trends
Technological innovation:With the continuous advancement of science and technology, orthopedic medical equipment is also constantly innovating, such as 3D printing technology, robot-assisted surgery, etc., which will bring new development opportunities to the orthopedic medical equipment market.
Internationalization Trends:With the acceleration of globalization, the internationalization trend of the orthopedic medical device market is becoming more and more obvious, and multinational companies are expanding their business globally, which also attracts more international companies to enter the field.
Industry Consolidation:With the intensification of market competition, the consolidation trend of the orthopedic medical equipment industry is becoming more and more obvious, and large enterprises are expanding their market share through mergers and acquisitions, restructuring, etc.