Orthopedic Contract Manufacturing Market Size, Share, By Product Type (Joint Replacements, Trauma Implants, Spine Implants, and Other Orthopedic Devices), By Material Type (Metals, Polymers, Ceramics, and Others), By Manufacturing Process (Forging, Casting, Machining, Additive Manufacturing, and Others), By End-User (Hospitals, Ambulatory Surgery Centers, Research Institutes, and Others), and By Region - Trends, Analysis and Forecast Till 2034

Report Code: PMI562224 | Publish Date: September 2024 | No. of Pages: 184

Orthopedic Contract Manufacturing Market Overview

Orthopedic contract manufacturing market size was valued at USD 8.25 Billion in 2024 and is expected to reach USD 16.51 Billion by 2034, growing at a CAGR of 7.9%

Orthopedic contract manufacturing has become a specialized service in the medical device industry for making orthopedic implants, instruments, and other accessories on behalf of original equipment manufacturers. The manufacture of joint replacement, spinal implant, trauma fixation, and surgical instruments, among others, may be included in the manufacturing process within orthopedic contract manufacturing on behalf of medical device companies that either do not have the in-house manufacturing capabilities or lack the necessary capacity. With advanced technologies and processes in precision machining, additive manufacturing, surface treatments, quality control systems, and more, the contract manufacturer of this specialty can help ensure that orthopedic products meet the most exquisite standards possible, as set by the rigorous requirements of both regulation and industry.

Orthopedic Contract Manufacturing Market Share

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Orthopedic Contract Manufacturing Market Drivers & Restraints

Key Drivers of Target Market:

Rising Demand for Orthopedic Devices

  • The increase in demand for orthopaedic devices is due to the increasing prevalence of orthopaedic ailments such as arthritis, joint injuries, and spine-related disorders, along with an aging population worldwide. Catering to this fast-growing market segment opens up possibilities for contract manufacturers.

Outsourcing Trend

  • A large number of orthopedic device manufacturing firms are outsourcing manufacturing operations to contract manufacturers to reduce costs, increase efficiency, and thus concentrate resources on core competencies. This trend is most likely to prevail and give momentum to the growth of contract manufacturers in the orthopedic segment.

Technological Advancements

  • Less-invasive surgical techniques and designing for newer types of implants require specialized manufacturing. Experienced contract manufacturers who possess the right equipment can benefit from current technological trends in these areas.

Restrains:

High Cost of Treatment

  • However, one major drawback of this therapy is its high cost, which limits its wide adoption. Immunotherapy is costly, as most treatments are complex and demand expert care. Because of the cost aspect, very rare grounds are covered, especially patient access, in areas with low health coverage.

Intellectual Property

  • All orthopedic device manufacturers are concerned about this. Contract manufacturers should have proper policies and procedures regarding sensitive access information and disclosure to prevent access to proprietary designs and technologies.

Opportunities:

Emerging Markets

  • The middle class is mushrooming in developing countries, offering an opportunity for orthopedic contract manufacturers to expand their territorial boundaries. In these regions, the contract manufacturers can tap into the demand for affordable, accessible orthopedic devices.

Orthopedic Contract Manufacturing Market Segmentations & Regional Insights

The market is segmented based on Product Type, Material Type, Manufacturing Process, End-User, and Region.

Product Type Insights:

  • Joint Replacements: These are artificial prosthetics used to replace hip, knee, and shoulder joints damaged by severe arthritis or trauma. With an aging population and increased cases of conditions such as osteoarthritis, the need for joint replacement is growing, hence the need for continuous improvement in custom-made implants and materials that will last longer.
  • Trauma Implants: Plates, screws, rods, and other implants used to hold together a fractured bone caused by accidents or injuries. The market for trauma implants is on the rise due to increasing sports injuries, road accidents, and a need for quicker recovery times, continuous development in biocompatibility, and high-strength material is taking place.
  • Spine Implants: The segment includes implants used in the treatment of spinal disorders such as scoliosis, degenerative disc diseases, and spinal trauma, among others, which include rods, screws, and spacers. Growth is witnessed in this sub-segment owing to the demand for minimally invasive spine surgery, while innovations have been directed toward patient-specific implants and advanced stabilization systems.
  • Other Orthopaedic Devices: These include a variety of devices, such as foot and ankle implants, shoulder fixation systems, and orthopaedic surgical instruments. The development of these devices arises due to the increasing demand for precision and personalization in treatment and the rising burden of musculoskeletal disorders.

Material Type Insights:

  • Metals: Metals represent strength, durability, and biocompatibility. They are generally used in applications such as stainless steel, titanium, and cobalt-chromium alloys. Due to their very long performance record in load-bearing applications, metals hold the primary position in the orthopedic market segment relating to joint replacements and trauma implants.
  • Polymers: Many polymers, such as UHMWPE, are generally used in joint bearings and liners because of their very good wear resistance under conditions of low friction. Recent developments in polymer technology further advanced wear properties and biocompatibility, which has been one of the reasons for their growing use in orthopedic implants.
  • Ceramics: Ceramic materials are mainly used in joint replacements, where they offer excellent resistance against wear and bio-inertness. Alumina and zirconia ceramics are used for hip and knee implants to provide long-term service with minimal wear, thus offering a reduced risk of inflammation due to wear debris.
  • Others: Others are hybrid materials, composites, and biodegradable materials that borrow strengths from metals, polymers, and ceramics to enhance implant performance. Some of them have aroused interest in the possible enhancement of bone healing and ultimate integration into biological tissues.

Manufacturing Process Insights:

  • Forging: Forging is a metal shaping process with compressive forces characterized by producing materials with strong and durable orthopedic implants. It is utilized in the fabrication of several joint replacement components, including hip and knee implants, where the strength of the material is highly required.
  • Casting: This is the process where metals or alloys are melted and then molded into molds to make orthopedic components. This technique has been used in generating geometrically complicated shapes with reasonable accuracy, particularly in manufacturing large implants such as hip joints and spinal devices.
  • Machining: Machining is the process of accurately cutting and shaping metal and polymer parts to specific specifications. It is an integral part of manufacturing detailed and customized implants of orthopedic appliances since it ensures that every component fits just right and functions as it should.
  • Additive Manufacturing: Sometimes referred to as 3D printing, additive manufacturing is the process that enables highly customized implants and surgical tools through layer-by-layer development. Since it is one of the viable methods for making patient-specific implants and improving the results of surgery, additive manufacturing is picking up in practice.
  • Others: Other manufacturing processes include surface treatments, heat treatments, and coating. These upgrade the mechanical and biological properties of devices, making implants more durable and biocompatible.

End-User Insights:

  • Hospitals: Hospitals are the prime end-users for the orthopedic contract manufacturing business's products. These treatment facilities provide a gamut of surgeries, ranging from joint replacement surgeries to trauma surgery, among others. Thus, due to the expansion in the number of orthopedic cases, the demand is increasing for continuous, high-quality, and custom implants and devices.
  • Ambulatory Surgery Centers: These facilities deal with outpatient surgeries, including orthopedic ones such as arthroscopies and minor joint repairs. The demand for minimally invasive devices is higher here, emphasizing the speed and cost-effectiveness of production.
  • Research Institutes: Research institutes are concerned with developing and testing new orthopedic materials, designs, and surgical methods. Thus, they focus on innovation, which demands prototype manufacturing and custom devices for experimental use
  • Others: It also encompasses clinics, rehabilitation centers, and orthopedic specialized centers that use various orthopedic apparatuses in treatment or recovery. These institutions often have particular, affordable devices catering to the needs of patients both surgically and non-surgically.

Regional Insights

  • North America: North America holds the largest share in the orthopedic contract manufacturing market, driven by advanced healthcare infrastructure, a high prevalence of orthopedic conditions, and an aging population in the region. Innovation and research have made the region a focal point, thus producing some of the advanced orthopedic devices.
  • Asia Pacific: Infrastructural development, improvement in healthcare facilities, income increase, and an aging population are the key factors likely to drive this region's growth at a rapid rate shortly. Major countries in this region, such as China, Japan, and India, contribute massively to the market demand for affordable and efficient orthopedic implants.
  • Europe: Europe makes most of the efforts after those of the U.S., with most emphasis on regulatory and technological advancements. An aging population in countries such as Germany and the UK, along with increased government healthcare spending, may further support the growth of the orthopedic device market in the region.
  • Latin America: The Latin America market is witnessing growth due to the availability of better healthcare facilities and awareness related to orthopedic treatments. Brazil and Mexico are the two major contributors to this region, with a focus on providing affordable healthcare solutions to a large patient population.
  • Middle East and Africa: The Middle East and Africa region represents a region of steady growth, influenced by better access to healthcare and an increase in the prevalence of orthopedic disorders. Many countries in this region, especially the UAE and South Africa, have emerged with an increasing demand for quality yet affordable orthopedic implants.

Orthopedic Contract Manufacturing Market Report Scope:

Attribute

Details

Market Size 2024

USD 8.25 Billion 

Projected Market Size 2034

USD 16.51 Billion

CAGR Growth Rate

7.9%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product Type - Joint Replacements, Trauma Implants, Spine Implants, and Other Orthopedic Devices.

By Material Type - Metals, Polymers, Ceramics, and Others.

By Manufacturing Process - Forging, Casting, Machining, Additive manufacturing, and Others.

By End-User - Hospitals, Ambulatory Surgery Centers, Research Institutes, and Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Product Type, Material Type, Manufacturing Process, End-User, and Region.

Segmentation:

By Product Type:

  • Joint Replacements
  • Trauma Implants
  • Spine Implants
  • Other Orthopedic Devices

By Material Type:

  • Metals
  • Polymers
  • Ceramics
  • Others

By Manufacturing Process:

  • Forging
  • Casting
  • Machining
  • Additive Manufacturing
  • Others

By End-User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Research Institutes
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Orthopedic Contract Manufacturing Market Competitive Landscape & Key Players

The key players operating the Orthopedic Contract Manufacturing Market include Tecomet, Inc., Orchid Orthopedic Solutions LLC, Paragon Medical, Inc., NN Inc. (Precision Engineered Products), Integer Holdings Corporation, Symmetry Surgical Inc., Micro Precision Components, Inc., Greatbatch Medical, LISI Medical, Marle Group, Autocam Medical, Jabil Healthcare, MedPlast Inc., Europlaz Technologies Ltd., ECA Medical Instruments.

Orthopedic Contract Manufacturing Market Key Players

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Orthopedic Contract Manufacturing Market Recent News

  • In May 2024, Tecomet, Inc. announced the expansion of its additive manufacturing capabilities by investing in state-of-the-art 3D printing technologies for customized orthopedic implants. This move aims to meet the growing demand for patient-specific devices and enhance surgical outcomes by offering more precise and personalized implant solutions.
  • In March 2024, Orchid Orthopedic Solutions LLC launched a new line of bioresorbable polymer-based implants focusing on trauma and sports injury applications. These implants gradually dissolve in the body, eliminating the need for follow-up surgeries, thus streamlining recovery times and reducing long-term complications.
  • In January 2024, NN Inc. acquired a cutting-edge machining firm specializing in complex spine and joint replacement devices. The acquisition strengthens NN Inc.'s presence in the orthopedic market by enhancing its ability to produce advanced, high-precision implants and cater to the increasing demand for minimally invasive surgery devices.

Orthopedic Contract Manufacturing Market Company Profile

  • Tecomet, Inc.
  • Orchid Orthopedic Solutions LLC
  • Paragon Medical, Inc.
  • NN Inc. (Precision Engineered Products)
  • Integer Holdings Corporation
  • Symmetry Surgical Inc.
  • Micro Precision Components, Inc.
  • Greatbatch Medical
  • LISI Medical
  • Marle Group
  • Autocam Medical
  • Jabil Healthcare
  • MedPlast Inc.
  • Europlaz Technologies Ltd.
  • ECA Medical Instruments

FAQs

Orthopedic Contract Manufacturing Market Size was valued at USD 8.25 Billion in 2024 and is expected to reach USD 16.51 Billion by 2034, growing at a CAGR of 7.9%

The Orthopedic Contract Manufacturing Market is segmented into Product Type, Material, Manufacturing Process, End-User, and Region.

The market is being driven by factors such as the rising demand for orthopedic devices, outsourcing trends, and technological advancements.

The restraints of the Orthopedic Contract Manufacturing market include regulatory compliance and intellectual property.

The Orthopedic Contract Manufacturing Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Orthopedic Contract Manufacturing Market include Tecomet, Inc., Orchid Orthopedic Solutions LLC, Paragon Medical, Inc., NN Inc. (Precision Engineered Products), Integer Holdings Corporation, Symmetry Surgical Inc., Micro Precision Components, Inc., Greatbatch Medical, LISI Medical, Marle Group, Autocam Medical, Jabil Healthcare, MedPlast Inc., Europlaz Technologies Ltd., ECA Medical Instruments.