8/15/2025, 12:10:20 AM | www.theglobeandmail.com | news

    Orthopedic Devices Market Poised for 4.78% CAGR Growth Through 2030: FDA Approvals, Breakthrough Device Designation and AI-Enabled Devices Reshape the Market | DelveInsight

    The global orthopedic devices market is projected to grow from USD 44.09 billion in 2023 to USD 57.79 billion by 2030 at a compound annual growth rate (CAGR) of 4.78%, driven by rising musculoskeletal disorders, demographic aging, and technological innovation. Key players such as Stryker, Zimmer Biomet, Johnson & Johnson, Medtronic, Maxx Orthopedics, Hyalex Orthopaedics, and OrthoPreserve are advancing through FDA approvals, breakthrough device designations, and the integration of AI in devices like the UNID spinal fusion system. Notable regulatory milestones include FDA clearances for Maxx Orthopedics' Freedom® Total Knee System in June 2025, Hyalex Orthopaedics' Freestyle Knee Implant in May 2025, and the SetPoint System for rheumatoid arthritis in August 2025. Johnson & Johnson MedTech showcased major advances at the AAOS 2025 Annual Meeting in March 2025, and OrthoPreserve received Breakthrough Device Designation in January 2025. Market dynamics are shaped by aging populations, increasing prevalence of osteoarthritis and rheumatoid arthritis, and innovations in implant materials, AI-enabled devices, and minimally invasive surgical tools.

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