Global Orthopedic Medical Device Market Revenue Will Reach $58.39 Billion in 2023

Orthopedic medical devices refer to professional medical devices specifically designed for orthopedic surgery and rehabilitation treatment. According to their usage and performance, orthopedic medical devices are mainly divided into types such as orthopedic surgical instruments, orthopedic implants, orthopedic rehabilitation devices, and orthopedic imaging devices. In addition, there are also some orthopedic active instruments, such as bone drills, bone saws, bone chisels, etc., used for drilling, sawing, chiseling, and other operations of bones.

Segmented Market Analysis

From downstream applications, orthopedic medical devices are mainly used in orthopedics and dentistry. Among them,orthopedics occupies a dominant market position. According to our research data, the application revenue of orthopedic medical devices in orthopedics is expected to reach $53.07 billion in 2023, with a market share of up to 90.88%.

From a regional perspective, North America is the industry's largest revenue market. The data shows that the revenue of the North American orthopedic medical device market is estimated to reach $32.64 billion in 2023, with a market share of 55.89%. In addition, Europe and the Asia-Pacific region are also important components of the global orthopedic medical device market, with a market share of around 20%.

Global Orthopedic Medical Device Market Revenue and Share Forecast by Application and Region in 2023

Source: www.globalmarketmonitor.com