Global Orthopedic Disposable Market Size to Grow at 6.7% CAGR during 2022–2028

Published | 01 January 2023

Global orthopedic disposable market is gaining traction because of the spurring demand for orthopedic disposables from rapidly growing geriatric population and an increasing access to medical services, particularly in developing and underdeveloped economies.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects global orthopedic disposable market size to grow at a CAGR of 6.7% during the forecast period between 2022 and 2028. The orthopedic disposable market has experienced rapid expansion in recent years because of the growing geriatric population and rising rates of different chronic ailments, including osteoporosis, obesity, and diabetes, among others, which is directly driving up demand for orthopedic disposable equipment. The need for orthopedic disposables is also being fueled by more access to medical services, particularly in developing and underdeveloped nations. Increasing awareness of the spread of hospital-acquired illnesses and high chances of cross-contamination, particularly in the wake of the COVID-19 outbreak, also significantly contributes to the growth of the global orthopedic disposable market throughout the forecast period.

Global Orthopedic Disposable Market – Overview

Orthopedic disposables are gaining huge popularity in the medical industry. These are single-use devices that are used during orthopedic treatment and offer support and stability to the body during deformities. Orthopedic disposables are also gaining popularity in surgical procedures since these devices ensure speed, ease, and efficiency for better results.

Along with all these medical benefits, the use of orthopedic disposables is also cost-effective for healthcare facilities. According to OrthoStreams, the application of orthopedic implants can save up to USD 400 per implant by reducing hospital labor, sterile room overheads, and logistics, as well as inventory costs.

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Global Orthopedic Disposable Market – By Distribution Channel

Based on the distribution channel, the global orthopedic disposable market is segmented into private and public. The private distribution channel accounted for a higher market share in 2021, and it is expected that it will continue to rule over the forecast period. Many healthcare institutions have authorized suppliers for medical products, and they frequently make direct purchases from listed businesses. Additionally, compared to public distributors, private distributors have greater goodwill, which benefits their market's expansion.

Impact of COVID-19 on the Global Orthopedic Disposable Market

The unexpected COVID-19 pandemic breakout had a detrimental effect on the global orthopedic disposable market, as there were much fewer car accidents and sports injuries during the lockdown which had a domino effect on the market's need for orthopedic disposables. As the focus shifted to producing communicable disease protective gear, such as masks and gloves, the production and distribution operations for orthopedic disposables were also halted temporarily, forcing the market to suffer ensuing losses. However, it is forecast that in the years after COVID-19, demand for disposable medical items will expand favorably.

Competitive Landscape

Major players operating in the global orthopedic disposable market include Zimmer Biomet, Smith+Nephew, Medtronic, Stryker, B Braun Melsungen AG, NuVasive, Inc., DJO, LLC, Institut Straumann AG, OSSTEM IMPLANT CO., LTD., Narang Medical Limited, Globus Medical, Arthrex, Inc., CONMED Corporation, Integra LifeSciences Corporation, RTI Surgical, W. L. Gore & Associates, Inc., Corin Group, and Johnson & Johnson Services, Inc. The market is mainly dominated by global giants who are constantly investing in advancing their offerings and launching new products to a larger share of the market. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Orthopedic Disposable Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Orthopedic Disposable Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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