United States Small Bone and Joint Devices Market Overview:
The United States small bone and joint devices market size reached USD 1.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.3% during 2025-2033. The increasing prevalence of orthopedic disorders, ongoing advancements in minimally invasive surgical (MIS) techniques, technological innovations in device design and materials, expanding geriatric population, and rising healthcare expenditures are some of the key factors supporting the market growth.
Report Attribute
|
Key Statistics
|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 |
USD 1.2 Billion |
Market Forecast in 2033 |
USD 1.9 Billion |
Market Growth Rate (2025-2033) |
5.3% |
United States Small Bone and Joint Devices Market Trends:
Technological advancements
The evolution of technology is a major driver in the small bone and joint devices market. Innovations in materials science, robotics, and imaging technologies have significantly enhanced the effectiveness and precision of orthopedic devices. For example, the development of biocompatible materials such as advanced polymers and ceramics has improved the durability and integration of implants with bone tissue. Moreover, ongoing advancements in MIS techniques, such as arthroscopy and robotic-assisted surgery, have reduced recovery times and improved patient outcomes. Besides this, the integration of three-dimensional (3D) printing technology allows for the customization of implants, catering to the specific anatomical needs of individual patients, which enhances the fit and function of devices, thus contributing to the market expansion.
Aging population
The demographic shift towards an older population is another significant factor propelling the growth of the small bone and joint devices market. With aging individuals, there is a rise in incidences of orthopedic conditions, such as osteoarthritis, osteoporosis, and fractures. The aging population is more susceptible to bone and joint disorders due to natural degenerative changes in bone density and joint flexibility over time. This growing prevalence of age-related orthopedic issues drives the demand for small bone and joint devices, as these patients often require surgical interventions to manage their conditions and improve their quality of life. Furthermore, the older demographic is more likely to seek advanced medical treatments and is increasingly receptive to new technologies and devices that offer enhanced functionality and reduce recovery times, which is propelling the market forward.
Increasing healthcare expenditure
Rising healthcare expenditure in the United States contributes to the growth of the small bone and joint devices market. Higher healthcare spending enables patients and healthcare providers to access advanced orthopedic technologies and surgical treatments. Increased funding allows for the development and adoption of innovative devices and surgical techniques. Additionally, with extensive healthcare policies and insurance coverage patients are able to afford and opt for advanced bone and joint devices. This has heightened the accessibility and utilization of sophisticated orthopedic solutions, strengthening the market growth. Furthermore, the rising emphasis on improving healthcare infrastructure and expanding access to specialized care is also aiding in market expansion.
United States Small Bone and Joint Devices Market News:
- In February 2023, CurvaFix, Inc. unveiled its new 7.5mm CurvaFix® IM Implant, designed for effective fracture repair in small-boned patients. This smaller-diameter intramedullary device simplifies surgery and ensures stable fixation. The company will also showcase the 9.5mm CurvaFix Implant and update on recent U.S. cases.
- In September 2023, Orthofix Medical Inc. announced the U.S. commercial launch of the Galaxy Fixation Gemini™ system, marking its successful initial procedures. This advanced external fixation system, part of the Galaxy product line, is now available in various sterile kit configurations. It offers a rapid, off-the-shelf solution for treating trauma-related fractures in both the upper and lower limbs.
United States Small Bone and Joint Devices Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on device type, and end user.
Device Type Insights:
- Hand and Wrist Devices
- Foot and Ankle Devices
- Others
The report has provided a detailed breakup and analysis of the market based on the device type. This includes hand and wrist devices, foot and ankle devices, and others.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes hospitals, clinic, and others.
Regional Insights:
- Northeast
- Midwest
- South
- West
The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
United States Small Bone and Joint Devices Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Device Type
- End User
- Region
|
Device Types Covered |
Hand and Wrist Devices, Foot and Ankle Devices, Others |
End Users Covered |
Hospitals, Clinic, Others |
Regions Covered |
Northeast, Midwest, South, West |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States small bone and joint devices market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States small bone and joint devices market?
- What is the breakup of the United States small bone and joint devices market on the basis of device type?
- What is the breakup of the United States small bone and joint devices market on the basis of end user?
- What are the various stages in the value chain of the United States small bone and joint devices market?
- What are the key driving factors and challenges in the United States small bone and joint devices?
- What is the structure of the United States small bone and joint devices market and who are the key players?
- What is the degree of competition in the United States small bone and joint devices market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States small bone and joint devices market from 2019-2033
- The research report provides the latest information on the market drivers, challenges, and opportunities in the United States small bone and joint devices market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States small bone and joint devices industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.