Orthopedic Devices Market: Robotics Refine Joint Replacement
The global orthopedic devices market was valued at USD 60.4 billion in 2023 and is projected to reach USD 80.8 billion by 2030, expanding at a 4.3% CAGR from 2024 to 2030. The market is expected to increase from USD 68.1 billion in 2026. North America accounted for the largest revenue share, representing 45% of the global market in 2023.
Demand for orthopedic devices is being supported by the rising prevalence of musculoskeletal and degenerative bone disorders, population aging, increasing road accidents, sports-related injuries, and broader adoption of advanced and minimally invasive orthopedic procedures.
Market Snapshot
- 2023 market size: USD 60.4 billion
- 2026 projected market size: USD 68.1 billion
- 2030 projected market size: USD 80.8 billion
- CAGR, 2024–2030: 4.3%
- Largest region in 2023: North America
- North American revenue share: 45%
- Fastest-growing region: Asia Pacific
- Leading product segment: Joint replacement/orthopedic implants
- Leading end-use segment: Hospitals
What Is Driving Orthopedic Devices Demand?
The increasing global burden of musculoskeletal disorders is one of the most important factors shaping demand for orthopedic solutions. Sedentary lifestyles and obesity are contributing to the earlier onset of musculoskeletal conditions. According to the Lancet Rheumatology report cited in the supplied research, the number of people worldwide with other musculoskeletal disorders increased by 123.4% between 1990 and 2020, rising from 221 million to 494 million. The number of cases is projected to increase by another 115% between 2020 and 2050, reaching approximately 1,060 million.
Population aging is another structural growth factor. Bone mass and density generally decline with age, increasing the need for orthopedic interventions, implants, and other supportive devices. The global population aged 60 years and older is expected to expand significantly, with approximately one in six people worldwide projected to be in this age group by 2030. By 2050, the number is expected to reach around 2.1 billion.
Robotics Are Changing Orthopedic Procedures
The increasing use of robotic systems is adding another layer of technological growth to the orthopedic devices industry. Robotic-assisted procedures can combine advanced imaging, real-time feedback, and patient-specific planning to improve surgical precision while potentially reducing tissue disruption and supporting faster recovery.
Stryker UK Limited reports that approximately 13,000 patients worldwide undergo Mako robotic arm surgery each month. The growing use of robotic platforms is also encouraging personalized treatment planning based on individual anatomical characteristics, supporting the broader adoption of technology-enabled orthopedic procedures.
Download a free sample report or claim your copy of this full market intelligence report
Minimally Invasive and Advanced Procedures Gain Ground
Healthcare providers are increasingly adopting minimally invasive techniques because of their potential benefits, including reduced tissue trauma, shorter recovery periods, and improved procedural precision. At the same time, improvements in healthcare infrastructure and greater availability of advanced orthopedic products are expanding access to treatment across multiple markets.
Growing participation in sports and physical activities is also contributing to demand. Sports-related injuries continue to create a substantial need for orthopedic care, particularly among younger populations. The American Academy of Pediatrics and the National SAFE KIDS Campaign have reported that more than 3.5 million children aged 14 and under experience injuries each year while participating in sports or recreational activities, while more than 775,000 children in this age group are treated in emergency rooms annually for sports-related injuries.
Technology Continues to Expand the Product Landscape
Technological advancement remains an important competitive factor across the orthopedic industry. Innovations in implants, surgical systems, robotics, imaging, and treatment planning are helping manufacturers differentiate their product portfolios.
In November 2023, researchers from the UCLA School of Dentistry developed a dental implant technique involving a one-minute ultraviolet light treatment of titanium implants. The process removes hydrocarbons from the implant surface and is intended to reduce the risk of post-treatment complications. Such developments demonstrate how improvements in implant technology can support wider adoption of advanced orthopedic and dental implant solutions.
Looking for more in-depth data focusing on specific segments or regions? Get this report customized with inclusion of custom data sets to suit your exact business needs.
Regional Performance
North America was the leading regional market in 2023, accounting for 45% of global revenue. Within the region, the U.S. represented 93.3% of North America’s revenue share in 2023. Strong healthcare infrastructure, established orthopedic treatment capabilities, technology adoption, and demand for advanced procedures contribute to the region’s leading position.
Asia Pacific is projected to be the fastest-growing regional market through 2030. Increasing healthcare infrastructure, improving access to advanced medical technologies, a growing aging population, and rising awareness of orthopedic treatment options are expected to support regional expansion.
Product and End-use Landscape
The joint replacement/orthopedic implants segment represented the largest product category, accounting for 41.7% of revenue in 2023. Demand for implants is closely associated with aging, degenerative bone conditions, orthopedic injuries, and the increasing adoption of technologically advanced procedures.
By end use, hospitals held the leading position, accounting for 64.5% of market revenue in 2023. Hospitals remain central to orthopedic treatment because they provide access to specialized surgical facilities, advanced imaging, robotic systems, and multidisciplinary clinical teams.
Competitive Landscape
Leading companies are pursuing portfolio expansion, strategic partnerships, collaborations, mergers and acquisitions, and geographic expansion to strengthen their positions in the orthopedic devices industry. Innovation and the development of advanced surgical technologies remain important areas of competition.
Major companies identified in the market include:
- Medtronic
- Stryker
- Zimmer Biomet
- DePuy Synthes
- Smith+Nephew
- Aesculap, Inc., a B. Braun company
- CONMED Corporation
- NuVasive, Inc. (merged with Globus Medical)
Explore our dedicated business services:
Prism AI: Market Intelligence with Cited Research– Ask questions in plain language and get insights drawn from Grand View Research’s entire research library, with sources cited. Create your free account today.
U.S. Healthcare Facility Mapping & Intelligence Platform: Get facility-level intelligence to guide smarter decisions. Sign up Today