North America Orthopedic Implants Market, By Product Type (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Orth biologics, Trauma and Craniomaxillofacial Implants, Others), Biomaterial (Ceramics Biomaterials, Metallic Biomaterials, Polymeric Biomaterials, Natural Biomaterials Constipation), Procedure (Open Surgery, Minimally Invasive Surgery (MIS), Others), Device Type (Internal Fixation Devices, External Fixation Devices), Application (Neck Fracture, Spine Fracture, Hip Replacement, Shoulder Replacement, Others), End User (Hospital, Orthopedic Clinics, Home Cares, Others), Country (U.S., Canada, Mexico)-Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses the market to account to grow at a CAGR of 4.4% in the 2021 to 2028 forecast period. The growth of this market is owing to requisite for cost effective and non-invasive miniature devices.
Orthopedic implants are materials that are used to replace bones and joints in hard tissue applications. Fixation plates, which are used to stabilise shattered bones, are also included in this group. Fibre-reinforced composite materials can be created with the high structural strength and biocompatibility features required for these applications. They are currently being used to replace metal implants in artificial joints and bones.
Because of the increased risk of osteoporosis and oerstoarthitis as people become older, the orthopedic implants market in North America is expected to rise at a quicker rate. In addition, the rising incidence of traffic accidents and sports injuries is continuously generating a large number of worldwide trauma cases, boosting the need for orthopedic implants in North America over the projection period of 2021 to 2028.
Furthermore, the growing geriatric population needs more refined orthopedic implants, and the rapid adoption of these implants is fuelling market expansion. Similarly, factors such as an increase in the use of orthopedic devices, an increase in the number of cases of trauma and fractures, an increase in the number of patients in their middle age opting for orthopedic implants, low bone density problems, and the introduction of biodegradable implants and internal fixation devices are some of the key factors driving the market for orthopedic implants in North America. The rapid technological innovations in the field of orthopedic implants and enhanced healthcare facilities will create ample growth opportunities for the North America orthopedic implants market to grow in the forecast period of 2021 to 2028.
While orthopedic implants operations are pricey, which can hinder the growth of the market for orthopedic implants in North America, the high cost of these implants, along with limited reimbursement coverage, is having a negative impact on the growth of the North American orthopedic implants market.
This orthopedic implants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the orthopedic implants market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
North America Orthopedic Implants Market Scope and Market Size
North America orthopedic implants market is segmented on the basis of product type, biomaterial, procedure, device type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the North America orthopedic implants market is segmented into reconstructive joint replacements, spinal implants, dental implants, orthobiologics, trauma and craniomaxillofacial implants and others. Reconstructive joint replacements have further been segmented into knee replacement implants, hip replacement implants and extremities. Extremities have further sub-segmented into upper extremity reconstruction and lower extremity reconstruction.
- On the basis of biomaterial, the North America orthopedic implants market is segmented into ceramics biomaterials, metallic biomaterials, polymeric biomaterials and natural biomaterials constipation.
- On the basis of procedure, the North America orthopedic implants market is segmented into open surgery, minimally invasive surgery (MIS) and others.
- On the basis of device type, the North America orthopedic implants market is segmented into internal fixation devices and external fixation devices. External fixation devices have further been segmented into orthopedic rods/wire, orthopedic screws, orthopedic plates, fixation pins and orthopedic nails sodium phosphate enemas.
- On the basis of end user, the North America orthopedic implants market is segmented into hospital, orthopedic clinics, home cares and others.
Orthopedic Implants Market Country Level Analysis
The Orthopedic Implants market is analysed, and market size insights and trends are provided by country, product type, biomaterial, procedure, device type, application and end user as referenced above.
The countries covered in the orthopedic implants market report are the U.S., Canada, and Mexico in North America. The country section of the Orthopedic Implants market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The orthopedic implants market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the orthopedic implants market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the orthopedic implants market. The data is available for the historic period 2010-2019.
Competitive Landscape and Orthopedic Implants Market Share Analysis
The orthopedic implants market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the orthopedic implants market.
The major players covered in the orthopedic implants market report Globus Medical, Medtronic, Integra LifeSciences Corporation, DePuy Synthes, DJO, LLC, Stryker Corporation, Zimer Biomet, CONMED Corporation and Arthrex Inc., among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.