How Many Orthopedic Practices Are In The US? (2024)

The Answer

Ciro tracks 23,142 across the US.

Our Analysis

Notice that the distribution generally follows US population, with California, Florida, and New York taking the top 3 positions.

About the US Orthopedic Practice Market

The orthopedic practice industry in the United States has demonstrated remarkable resilience and growth, despite various challenges and shifts in healthcare dynamics. With an aging population and increasing demand for orthopedic services, the global orthopedic market size reached $50.62 billion in 2020 and is projected to exceed $74 billion by 2026. In the U.S., orthopedic practices generated significant revenue, with surgical procedures alone contributing to over $20 billion in annual revenue.

Despite the disruptions caused by the COVID-19 pandemic, orthopedic practices have adapted by implementing telemedicine services, prioritizing urgent cases, and enhancing safety protocols. The industry witnessed a rise in demand for orthopedic implants and devices, especially for joint replacement surgeries, which are projected to grow at a rate of 5.3% annually.

Online appointment scheduling and patient portals have become integral components of orthopedic practices, offering convenience and accessibility to patients. However, challenges such as insurance complexities, regulatory compliance, and workforce shortages persist. To address these challenges, orthopedic practices are investing in advanced technologies, streamlining administrative processes, and offering competitive compensation packages to attract and retain skilled professionals.

Geographically, orthopedic practices are concentrated in states with large urban populations, such as California, New York, and Texas. This distribution reflects the regional demand for orthopedic services and the potential for growth in underserved areas. As the industry evolves, orthopedic practices are embracing innovative treatment modalities, such as minimally invasive surgeries and regenerative medicine, to meet the evolving needs of patients and ensure optimal outcomes.