NEWARK, Del, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The orthopedic consumables market is poised for steady growth over the next decade, fueled by the increasing demand for orthopedic surgeries and procedures. Orthopedic consumables, including surgical tools, fixation devices, and dressings, play a critical role in treating conditions such as fractures, osteoarthritis, and other musculoskeletal disorders.
With the global population aging and the prevalence of joint-related ailments rising, the demand for orthopedic consumables is expected to increase significantly. In 2024, the market size for orthopedic consumables is projected to be USD 44.0 billion , with the market anticipated to grow at a CAGR of 3.
3% over the forecast period, reaching USD 60.9 billion by 2034. The aging population and growing prevalence of osteoporosis and osteoarthritis are the primary factors contributing to this growth.
Additionally, advances in surgical techniques, such as minimally invasive surgery, are expected to boost demand for high-quality consumables that support improved patient outcomes. The orthopedic sector is also benefiting from advancements in materials and technology, leading to the development of more durable and biocompatible products. The introduction of bioabsorbable implants and innovative Antimicrobial Wound Care Dressings is reshaping the market by offering better clinical results and faster patient recovery times.
The increasing number of sports injuries and trauma cases are further.