Orthopaedic device market to reach $13.91b by 2028

The APAC market expects notable growth due to increasing healthcare expenditure and a large patient pool.

The global orthopaedic device market is expected to grow by $13.91b until 2028 at a compound annual growth rate of around 4.23%.

A report by Technavio revealed that the Asia Pacific (APAC) region is projected to experience notable growth due to increasing healthcare expenditure and a large patient pool.

“The use of 3D printing technology and robotics in orthopaedic devices is revolutionising the industry, offering benefits such as customised solutions and improved accuracy.” The report said.

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Meanwhile, the market was driven by orthopaedic and musculoskeletal disorders, an ageing population, degenerative bone diseases, and road accidents.

In addition, elective surgeries, implant materials, surgical techniques, telemedicine, sports injuries, and regulatory frameworks were considered key trends fueling the market's growth.