How big is the orthopedics industry?
The global orthopedic devices market size was estimated at USD 38.4 billion in 2019 and is expected to reach USD 39.6 billion in 2020.
|Market size value in 2020||USD 39.6 billion|
|Revenue forecast in 2026||USD 47.7 billion|
|Growth Rate||CAGR of 3.1% from 2018 to 2026|
What is the orthopedic industry?
Orthopedic and medical devices play a primary role in improving the health of patients with musculoskeletal and other medical conditions. The U.S. currently boasts the largest medical device market in the world. By 2023, the industry is expected to grow to a whopping $208 billion.
Who is the largest orthopedic company in the world?
The 2019 Top 10 Global Orthopedic Device Firms
|2. DePuy Synthes||$8.88B|
|3. Zimmer Biomet||$7.93B|
|4. Smith & Nephew||$4.90B|
|5. Medtronic Spine||$2.65B|
Who are the largest employers for orthopedic surgeons?
The Top 10 Orthopedic Companies by Revenue
- Stryker. 2018 revenue: $13.6 billion.
- J&J – Orthopedics. 2018 revenue: $8.9 billion.
- Zimmer Biomet. 2018 revenue: $7.9 billion.
- Smith & Nephew – Sports Medicine, Trauma and Reconstruction. 2018 revenue: $3.6 billion.
- Medtronic – Spine Division. 2018 revenue: $2.7 billion.
- Colfax Corp. – DJO Global.
- Wright Medical.
What are orthopedic devices?
Orthopedic devices are designed to prevent or manage musculoskeletal problems, while orthotics support or straighten weak joints or limbs. Orthopedic and orthotic devices include: Back supports and braces. Foot and ankle supports. Cervical collars.
What does Orthopaedic mean in English?
Orthopaedic means relating to problems affecting people’s joints and spines. [medicine] an orthopaedic surgeon.
What companies make hip replacements?
- Smith & Nephew.
- Wright Medical.