Orthopedic Device Market
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Orthopedic Device Market Size and Growth
The orthopedic device market is experiencing significant growth, driven by an aging population and rising orthopedic conditions. The global market size reached approximately $48 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of around 5% through 2030. Innovations and minimally invasive technologies are shaping competitive dynamics. Request Sample Report
Companies Covered (Covid 19 Impact Covered)
◍ Johnson and Johnson (DePuy Synthes)
◍ Stryker
◍ Medtronic
◍ Zimmer Biomet Holding
◍ Smith & Nephew PLC
◍ Globus Medical
◍ DJO Global
◍ Arthrex
The orthopedic device market features major players like Johnson & Johnson (DePuy Synthes), Stryker, Medtronic, Zimmer Biomet, Smith & Nephew, Globus Medical, DJO Global, and Arthrex. These companies drive growth through innovation, extensive product portfolios, strategic partnerships, and expansion into emerging markets.
- Johnson & Johnson: $93.77 billion (2022)
- Stryker: $18.5 billion (2022)
- Medtronic: $30.12 billion (2022)
- Zimmer Biomet: $8.17 billion (2022)
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Market Segmentation
By Application
Hospital
Clinic
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By Product
Hip Device
Knee Device
Spine Device
Market Growth
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$ X Billion USD
