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Orthopedic Devices - Company Evaluation Report, 2024

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    Report

  • 169 Pages
  • August 2025
  • Region: Global
  • Markets and Markets
  • ID: 6116617
The Orthopedic Devices Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Orthopedic Devices. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 130 companies, of which the Top 14 Orthopedic Devices Companies were categorized and recognized as quadrant leaders.

The orthopedic devices market is experiencing steady growth driven by the rising prevalence of orthopedic conditions, an aging global population, and the increasing preference for minimally invasive surgical techniques. Innovations such as orthobiologics, robotic-assisted surgeries, and 3D printing are creating new growth opportunities for industry players. However, a shortage of skilled orthopedic surgeons may hinder the market’s full potential over the forecast period.

This growth is fueled by the increasing prevalence of orthopedic disorders, sports injuries, and trauma cases, along with technological advancements in joint implants. Knee replacement devices led to this segment, supported by the rising number of knee injuries and the growing burden of knee osteoarthritis (OA).

The 360 Quadrant maps the Orthopedic Devices companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Orthopedic Devices quadrant. The top criteria for product footprint evaluation included By Product (Orthopedic Replacement Devices, Spinal Implants & Surgical Devices, Orthopedic Fixation Devices, Arthroscopy Instruments, Orthopedic Braces & Supports, Orthopedic Prosthetics, Bone Graft Substitutes, Orthobiologics), By Procedure (Volume)(joint replacement surgery procedural volume, by site, arthroscopy PROCEDURal volume, BY site), By Site (Hand & Wrist, Spine, Foot & Ankle, Arm & Elbow, Knee & Thigh, Hip & Pelvis, Shoulder, Craniomaxillofacial), By Application (Fracture Treatment & Recovery, Spinal fusion, Fixation, and Decompression, Rheumatoid Arthritis & Osteoarthritis, Ligament Injuries, Diabetic Foot Diseases, Neurological Disorders), and By End User (Hospitals & Surgical Centers, Ambulatory Care Centers & Trauma Units, Orthopedic Clinics, Home Care Settings, Other End Users).

Key Players

Key players in the Orthopedic Devices market include major global corporations and specialized innovators such as Stryker (US), Zimmer Biomet (US), Johnson & Johnson MedTech (US), Smith+Nephew (UK), Globus Medical (US), Medacta International SA (Switzerland), Arthrex, Inc. (US), B. Braun Melsungen AG (Germany), Acumed LLC (US), Enovis (US), Paragon 28, Inc. (US), Orthofix Medical Inc. (US), CONMED Corporation (US) and Meril Life Sciences Pvt. Ltd. (India). These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.

Top 3 Companies

Stryker

Stryker is a global leader in medical technology, specializing in the design, manufacture, and distribution of devices for joint replacement, surgical navigation, endoscopy, patient handling, and neurosurgical, neurovascular, and spinal devices. The company operates through two key divisions: MedSurg & Neurotechnology and Orthopaedics & Spine.

Zimmer Biomet

Zimmer Biomet is a global medical device company specializing in the development and distribution of orthopedic and surgical products. Its portfolio includes orthopedic reconstructive implants, sports medicine and biologics, extremities and trauma devices, spine and craniomaxillofacial products, thoracic solutions, and dental implants. The company operates through four core segments: Knees, Hips, S.E.T. (Sports Medicine, Extremities, Trauma), and Others. Knees, Hips, and S.E.T. are its primary orthopedic implant divisions, while the S.E.T. segment also includes biologics and CMFT products.

Johnson & Johnson MedTech

Johnson & Johnson MedTech is a key global player in the orthopedic devices market. The company is involved in research, development, manufacturing, and marketing of a wide range of orthopedic and medical technologies. The business is structured into two core segments: Innovative Medicine and MedTech. Orthopedic products are offered primarily through its DePuy Synthes subsidiary, formed after the merger of DePuy and Synthes in 2011.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Inclusions and Exclusions
1.3 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Rising Cases of Orthopedic Diseases and Disorders
3.2.1.2 Increasing Adoption of Telemedicine and Telesurgery
3.2.1.3 Increasing Demand for Minimally Invasive Orthopedic Surgical Procedures
3.2.1.4 Growing Number of Sports and Accident-Related Orthopedic Injuries
3.2.1.5 Rising Geriatric Population and Projected Increase in Age- Related Bone Disorders
3.2.2 Restraints
3.2.2.1 Risks and Complications Associated with Orthopedic Surgical Procedures
3.2.2.2 High Cost of Orthopedic Devices and Treatments
3.2.3 Opportunities
3.2.3.1 Growing Focus on Orthobiologics
3.2.3.2 Rising Number of Hospitals and Shift Toward Outpatient Care
3.2.3.3 Increasing Use of Robotics and 3D Printing in Orthopedics
3.2.4 Challenges
3.2.4.1 Dearth of Orthopedic Surgeons
3.3 Ecosystem Analysis
3.4 Supply Chain Analysis
3.4.1 Manufacturers
3.4.1.1 Prominent Companies
3.4.1.2 Small and Medium-Sized Enterprises
3.4.2 End-users
3.5 Value Chain Analysis
3.5.1 Research and Development
3.5.2 Procurement and Product Development
3.5.3 Marketing, Sales and Distribution, and Post-Sales Services
3.6 Technology Analysis
3.6.1 Key Technologies
3.6.1.1 Robotic-Assisted Technology
3.6.2 Complementary Technologies
3.6.2.1 Imaging Systems and Software
3.6.2.2 Fluoroscopy
3.6.3 Adjacent Technologies
3.6.3.1 Ai and Machine Learning
3.7 Key Conferences and Events in 2025-2026
3.8 Patent Analysis
3.9 Trends/Disruptions Impacting Customers’ Businesses
3.10 Porter's Five Forces Analysis
3.10.1 Overview
3.10.2 Threat of New Entrants
3.10.3 Threat of Substitutes
3.10.4 Bargaining Power of Suppliers
3.10.5 Bargaining Power of Buyers
3.10.6 Intensity of Competitive Rivalry
3.11 Impact of Ai on Orthopedic Devices Market
3.12 Advanced Prosthetics
3.13 Smart Implants
4 Competitive Landscape
4.1 Overview
4.2 Key Player Strategies/Right to Win (2024)
4.2.1 Overview of Strategies Deployed by Key Companies
4.3 Revenue Analysis, 2019-2023
4.4 Market Share Analysis, 2023
4.4.1 Ranking of Key Market Players
4.5 Company Evaluation Matrix: Key Players, 2023
4.5.1 Stars
4.5.2 Emerging Leaders
4.5.3 Pervasive Players
4.5.4 Participants
4.5.5 Company Footprint: Key Players, 2023
4.5.5.1 Company Footprint
4.5.5.2 Region Footprint
4.5.5.3 Product Footprint
4.5.5.4 Application Footprint
4.5.5.5 Site Footprint
4.5.5.6 End-User Footprint
4.6 Company Evaluation Matrix: Startups/Smes, 2023
4.6.1 Progressive Companies
4.6.2 Responsive Companies
4.6.3 Dynamic Companies
4.6.4 Starting Blocks
4.6.5 Competitive Benchmarking: Startups/Smes, 2023
4.6.5.1 Detailed List of Key Startups/Smes
4.6.5.2 Competitive Benchmarking of Key Startups/Smes
4.7 Company Valuation & Financial Metrics
4.7.1 Company Valuation
4.7.2 Financial Metrics
4.8 Brand/Product Comparison
4.9 Competitive Scenario
4.9.1 Product Launches & Approvals
4.9.2 Deals
5 Company Profiles
5.1 Key Players
5.1.1 Zimmer Biomet
5.1.1.1 Business Overview
5.1.1.2 Products Offered
5.1.1.3 Recent Developments
5.1.1.3.1 Product Approvals
5.1.1.3.2 Deals
5.1.1.4 Analyst's View
5.1.1.4.1 Key Strengths
5.1.1.4.2 Strategic Choices
5.1.1.4.3 Weaknesses and Competitive Threats
5.1.2 Stryker
5.1.2.1 Business Overview
5.1.2.2 Products Offered
5.1.2.3 Recent Developments
5.1.2.3.1 Product Launches
5.1.2.3.2 Deals
5.1.2.3.3 Expansions
5.1.2.4 Analyst's View
5.1.2.4.1 Key Strengths
5.1.2.4.2 Strategic Choices
5.1.2.4.3 Weaknesses and Competitive Threats
5.1.3 Johnson & Johnson Medtech
5.1.3.1 Business Overview
5.1.3.2 Products Offered
5.1.3.3 Recent Developments
5.1.3.3.1 Product Launches & Approvals
5.1.3.3.2 Deals
5.1.3.4 Analyst's View
5.1.3.4.1 Key Strengths
5.1.3.4.2 Strategic Choices
5.1.3.4.3 Weaknesses and Competitive Threats
5.1.4 Smith+Nephew
5.1.4.1 Business Overview
5.1.4.2 Products Offered
5.1.4.3 Recent Developments
5.1.4.3.1 Product Launches & Approvals
5.1.4.3.2 Deals
5.1.4.3.3 Expansions
5.1.4.4 Analyst's View
5.1.4.4.1 Key Strengths
5.1.4.4.2 Strategic Choices
5.1.4.4.3 Weaknesses and Competitive Threats
5.1.5 B. Braun Melsungen Ag
5.1.5.1 Business Overview
5.1.5.2 Products Offered
5.1.5.3 Recent Developments
5.1.5.3.1 Deals
5.1.5.4 Analyst's View
5.1.5.4.1 Key Strengths
5.1.5.4.2 Strategic Choices
5.1.5.4.3 Weaknesses and Competitive Threats
5.1.6 Globus Medical
5.1.6.1 Business Overview
5.1.6.2 Products Offered
5.1.6.3 Recent Developments
5.1.6.3.1 Product Launches & Approvals
5.1.6.3.2 Deals
5.1.7 Arthrex, Inc.
5.1.7.1 Business Overview
5.1.7.2 Products Offered
5.1.7.3 Recent Developments
5.1.7.3.1 Product Approvals
5.1.8 Enovis
5.1.8.1 Business Overview
5.1.8.2 Products Offered
5.1.8.3 Recent Developments
5.1.8.3.1 Product Launches & Approvals
5.1.8.3.2 Deals
5.1.8.3.3 Expansions
5.1.9 Acumed LLC
5.1.9.1 Business Overview
5.1.9.2 Products Offered
5.1.9.3 Recent Developments
5.1.9.3.1 Product Launches
5.1.9.3.2 Deals
5.1.9.3.3 Expansions
5.1.10 Orthofix Medical Inc.
5.1.10.1 Business Overview
5.1.10.2 Products Offered
5.1.10.3 Recent Developments
5.1.10.3.1 Product Launches & Approvals
5.1.10.3.2 Deals
5.1.11 Microport Scientific Corporation
5.1.11.1 Business Overview
5.1.11.2 Products Offered
5.1.11.3 Recent Developments
5.1.11.3.1 Product Launches & Approvals
5.1.11.3.2 Deals
5.1.12 Conmed Corporation
5.1.12.1 Business Overview
5.1.12.2 Products Offered
5.1.12.3 Recent Developments
5.1.12.3.1 Deals
5.1.13 Paragon 28, Inc.
5.1.13.1 Business Overview
5.1.13.2 Products Offered
5.1.13.3 Recent Developments
5.1.13.3.1 Product Launches & Approvals
5.1.13.3.2 Deals
5.1.14 Medacta International
5.1.14.1 Business Overview
5.1.14.2 Products Offered
5.1.14.3 Recent Developments
5.1.14.3.1 Product Launches & Approvals
5.1.14.3.2 Deals
5.1.14.3.3 Expansions
5.1.15 Meril Life Sciences Pvt. Ltd.
5.1.15.1 Business Overview
5.1.15.2 Products Offered
5.1.15.3 Recent Developments
5.1.15.3.1 Expansions
5.1.16 Maxx Orthopedics, Inc.
5.1.16.1 Business Overview
5.1.16.2 Products Offered
5.1.16.3 Recent Developments
5.1.16.3.1 Product Approvals
5.1.16.3.2 Deals
5.2 Other Players
5.2.1 Fh Ortho
5.2.2 Symbios Orthopédie S.A.
5.2.3 Madison Ortho
5.2.4 Green Surgicals Pvt. Ltd.
5.2.5 Siora Surgical Pvt. Ltd.
5.2.6 Orthopediatrics Corp.
5.2.7 Restor3D
5.2.8 Double Medical Technology Inc.
5.2.9 Treace Medical Concepts, Inc.
5.2.10 Ak Medical
6 Appendix
6.1 Research Methodology
6.1.1 Research Data
6.1.2 Research Design
6.1.2.1 Secondary Research
6.1.2.2 Primary Research
6.1.3 Research Assumptions & Limitations
6.1.4 Risk Assessment
6.2 Company Evaluation Matrix: Methodology
List of Tables
Table 1 Orthopedic Devices Market: Role of Companies in Ecosystem
Table 2 Orthopedic Devices Market: Key Conferences and Events, 2025-2026
Table 3 Innovations and Patent Registrations, January 2023-January 2025
Table 4 Orthopedic Devices Market: Porter's Five Forces Analysis
Table 5 Overview of Strategies Adopted by Players in Orthopedic Devices Market (2021-2025)
Table 6 Orthopedic Devices Market: Degree of Competition
Table 7 Orthopedic Devices Market: Region Footprint, 2023
Table 8 Orthopedic Devices Market: Product Footprint, 2023
Table 9 Orthopedic Devices Market: Application Footprint, 2023
Table 10 Orthopedic Devices Market: Site Footprint, 2023
Table 11 Orthopedic Devices Market: End-User Footprint, 2023
Table 12 Joint Replacement Devices Market: Detailed List of Key Startup/Smes
Table 13 Orthopedic Devices Market: Competitive Benchmarking of Key Startups/Smes
Table 14 Orthopedic Devices Market: Product Launches & Approvals, January 2021-January 2025
Table 15 Orthopedic Devices Market: Deals, January 2021-January 2025
Table 16 Zimmer Biomet: Company Overview
Table 17 Zimmer Biomet: Products Offered
Table 18 Zimmer Biomet: Product Approvals, January 2021-February 2025
Table 19 Zimmer Biomet: Deals, January 2021- February 2025
Table 20 Stryker: Company Overview
Table 21 Stryker: Products Offered
Table 22 Stryker: Product Launches, January 2021-February 2025
Table 23 Stryker: Deals, January 2021- February 2025
Table 24 Stryker: Expansions, January 2021- February 2025
Table 25 Johnson & Johnson Medtech: Company Overview
Table 26 Johnson & Johnson Medtech: Products Offered
Table 27 Johnson & Johnson Medtech: Product Launches & Approvals, January 2021-February 2025
Table 28 Johnson & Johnson Medtech: Deals, January 2021-February 2025
Table 29 Smith+Nephew: Company Overview
Table 30 Smith+Nephew: Products Offered
Table 31 Smith+Nephew: Product Launches & Approvals, January 2021- February 2025
Table 32 Smith+Nephew: Deals, January 2021-February 2025
Table 33 Smith+Nephew: Expansions, January 2021-February 2025
Table 34 B. Braun Melsungen Ag: Company Overview
Table 35 B. Braun Medical: Products Offered
Table 36 B. Braun: Deals, January 2021-February 2025
Table 37 Globus Medical: Company Overview
Table 38 Globus Medical: Products Offered
Table 39 Globus Medical: Product Launches & Approvals, January 2021-February 2025
Table 40 Globus Medical: Deals, January 2021-February 2025
Table 41 Arthrex, Inc.: Company Overview
Table 42 Arthrex, Inc.: Products Offered
Table 43 Arthrex, Inc.: Product Approvals, January 2021-February 2025
Table 44 Enovis: Company Overview
Table 45 Enovis: Products Offered
Table 46 Enovis: Product Launches & Approvals, January 2021-February 2025
Table 47 Enovis: Deals, January 2021-February 2025
Table 48 Enovis: Expansions, January 2021-February 2025
Table 49 Acumed LLC: Company Overview
Table 50 Acumed LLC: Products Offered
Table 51 Acumed LLC: Product Launches, January 2021 - February 2025
Table 52 Acumed: Deals, January 2021- February 2025
Table 53 Acumed: Expansions, January 2021-February 2025
Table 54 Orthofix Medical Inc.: Company Overview
Table 55 Orthofix Medical Inc.: Products Offered
Table 56 Orthofix Medical Inc.: Product Launches & Approvals, January 2021- February 2025
Table 57 Orthofix Medical Inc.: Deals, January 2021-February 2025
Table 58 Microport Scientific Corporation: Company Overview
Table 59 Microport Scientific Corporation: Products Offered
Table 60 Microport Scientific Corporation: Product Launches & Approvals, January 2021- February 2025
Table 61 Microport Scientific Corporation: Deals, January 2021-February 2025
Table 62 Conmed Corporation: Company Overview
Table 63 Conmed Corporation: Products Offered
Table 64 Conmed Corporation: Deals, January 2021-February 2025
Table 65 Paragon 28, Inc.: Company Overview
Table 66 Paragon 28, Inc.: Products Offered
Table 67 Paragon 28, Inc.: Product Launches & Approvals, January 2021- December 2024
Table 68 Paragon 28, Inc.: Deals, January 2021- December 2024
Table 69 Medacta International: Company Overview
Table 70 Medacta International: Products Offered
Table 71 Medacta International: Product Launches & Approvals, January 2021- February 2025
Table 72 Medacta International: Deals, January 2021-February 2025
Table 73 Medacta International: Expansions, January 2021-February 2025
Table 74 Meril Life Sciences Pvt. Ltd.: Company Overview
Table 75 Meril Life Sciences: Products Offered
Table 76 Meril Life Sciences Pvt. Ltd.: Expansions, January 2021- February 2025
Table 77 Maxx Orthopedics, Inc.: Company Overview
Table 78 Maxx Orthopedics, Inc.: Products Offered
Table 79 Maxx Orthopedics, Inc.: Product Approvals, January 2021- February 2025
Table 80 Maxx Orthopedics, Inc.: Deals, January 2021-February 2025
Table 81 Fh Ortho: Company Overview
Table 82 Symbios Orthopédie S.A.: Company Overview
Table 83 Madison Ortho: Company Overview
Table 84 Green Surgicals Pvt. Ltd.: Company Overview
Table 85 Siora Surgical Pvt. Ltd.: Company Overview
Table 86 Orthopediatrics Corp.: Company Overview
Table 87 Restor3D: Company Overview
Table 88 Double Medical Technology Inc.: Company Overview
Table 89 Treace Medical Concepts, Inc.: Company Overview
Table 90 Ak Medical: Company Overview
Table 91 Assumptions
Table 92 Limitations
List of Figures
Figure 1 Orthopedic Devices Market, by Product, 2024 Vs. 2030 (USD Million)
Figure 2 Orthopedic Devices Market, by Site, 2024 Vs. 2030 (USD Million)
Figure 3 Orthopedic Devices Market, by Application, 2024 Vs. 2030 (USD Million)
Figure 4 Orthopedic Devices Market, by End-user, 2024 Vs. 2030 (USD Million)
Figure 5 Geographic Snapshot of Orthopedic Devices Market
Figure 6 Orthopedic Devices Market: Drivers, Restraints, Opportunities, and Challenges
Figure 7 Orthopedic Devices Market: Ecosystem Analysis
Figure 8 Orthopedic Devices Market: Supply Chain Analysis
Figure 9 Orthopedic Devices Market: Value Chain Analysis
Figure 10 Orthopedic Devices Market: Patent Analysis, 2014-2025
Figure 11 Trends/Disruptions Impacting Customers’ Businesses
Figure 12 Orthopedic Devices Market: Porter's Five Forces Analysis
Figure 13 Orthopedic Devices Market: Impact of Ai and Use Cases
Figure 14 Revenue Analysis of Key Players in Orthopedic Devices Market (2019-2023)
Figure 15 Market Share Analysis of Key Players in Orthopedic Devices Market, 2023
Figure 16 Ranking of Key Players in Orthopedic Devices Market, 2023
Figure 17 Orthopedic Devices Market: Company Evaluation Matrix (Key Players), 2023
Figure 18 Orthopedic Devices Market: Company Footprint, 2023
Figure 19 Orthopedic Devices Market: Company Evaluation Matrix (Startups/Smes), 2023
Figure 20 Ev/Ebitda of Key Vendors, 2025
Figure 21 5-Year Stock Beta of Key Vendors, 2025
Figure 22 Orthopedic Devices Market: Brand/Product Comparative Analysis
Figure 23 Zimmer Biomet: Company Snapshot (2023)
Figure 24 Stryker: Company Snapshot (2023)
Figure 25 Johnson & Johnson Medtech: Company Snapshot (2023)
Figure 26 Smith+Nephew: Company Snapshot (2023)
Figure 27 B. Braun: Company Snapshot (2023)
Figure 28 Globus Medical: Company Snapshot (2023)
Figure 29 Enovis: Company Snapshot (2023)
Figure 30 Orthofix Medical Inc.: Company Snapshot (2023)
Figure 31 Microport Scientific Corporation: Company Snapshot (2023)
Figure 32 Conmed Corporation: Company Snapshot (2023)
Figure 33 Paragon 28, Inc.: Company Snapshot (2023)
Figure 34 Medacta International: Company Snapshot (2023)
Figure 35 Orthopedic Devices Market: Market Research Methodology
Figure 36 Orthopedic Devices Market: Research Design
Figure 37 Key Data from Secondary Sources

Companies Mentioned

  • Zimmer Biomet
  • Stryker
  • Johnson & Johnson Medtech
  • Smith+Nephew
  • B. Braun Melsungen Ag
  • Globus Medical
  • Arthrex, Inc.
  • Enovis
  • Acumed LLC
  • Orthofix Medical Inc.
  • Microport Scientific Corporation
  • Conmed Corporation
  • Paragon 28, Inc.
  • Medacta International
  • Meril Life Sciences Pvt. Ltd.
  • Maxx Orthopedics, Inc.
  • Fh Ortho
  • Symbios Orthopédie S.A.
  • Madison Ortho
  • Green Surgicals Pvt. Ltd.
  • Siora Surgical Pvt. Ltd.
  • Orthopediatrics Corp.
  • Restor3D
  • Double Medical Technology Inc.
  • Treace Medical Concepts, Inc.
  • Ak Medical