Orthopedic Contract Manufacturing Market Size

Orthopedic Contract Manufacturing Market Size

Orthopedic Contract Manufacturing Market size was valued at around USD 7 billion in 2023 and is estimated to expand at 8.8% CAGR from 2024 to 2032. Factors such as increasing prevalence of orthopedic disorders, trauma accidents and growing demand for customized orthopedic solutions are propelling the market expansion.

The growing prevalence of orthopedic disorders has led to an increased demand for contract manufacturing of orthopedic devices globally. Factors such as the aging population, rising number of road accidents and other injuries, and disability due to conditions like osteoarthritis and rheumatoid arthritis have been linked to the increasing prevalence of orthopedic disorders. The rise in the road traffic crashes (RTCs) often cause musculoskeletal injuries, which can range in severity from whiplash to fractures, leading to disability and reduced quality of life.
 

For instance, according to the article published by NCBI in 2022, each year approximately 1.3 million individuals dies in traffic accidents, with low- and middle-income nations accounting for 93% of all road deaths worldwide.
 

Additionally, aging population are more susceptible to sustaining severe injuries in road traffic accidents due to factors such as reduced bone density, frailty, and underlying health conditions. Even low-impact collisions can result in serious orthopedic injuries, including fractures and soft tissue damages. Thereby, the increasing prevalence of orthopedic disorders fuels the demand for contract manufacturing of orthopedic devices.
 

Orthopedic contract manufacturing refers to the practice of outsourcing the production of orthopedic medical devices, implants, instruments, and related components to specialized manufacturers. Orthopedic contract manufacturers are companies that specialize in producing these items on behalf of medical device companies, orthopedic surgeons, hospitals, and other healthcare organizations.