Orthopedic Implants and Prosthetics: Market Outlook and Future Demand (2024-2031)
The global orthopedic devices market was valued at USD 64.61 billion in 2023 and is expected to grow from USD 67.40 billion in 2024 to USD 93.58 billion by 2031. This growth represents a compound annual growth rate (CAGR) of 4.80% during the forecast period. Factors driving this expansion include an aging population, increasing prevalence of musculoskeletal disorders, and advancements in orthopedic technologies.
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