Market Analysis and Insight: North America Orthopedic Implants Market
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North America orthopedic implants market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to grow at a CAGR of 4.4% in the above-mentioned forecast period.
Moreover, rising geriatric population demands refined and rapid surge in the acceptance of orthopedic implants is also adding to the market growth. Likewise, factors such as the rise in the incidences of orthopedic devices, increasing cases of trauma and fractures, increasingly opt for orthopedic implants by patients in their middle-age, low bone density problems, introduction of biodegradable implants and internal fixation devices are some of the key aspects driving the market of North America orthopedic implants market. While, the orthopedic implants procedures are costly are expected to impede the growth of the North America orthopedic implants market in the above mentioned forecast period. Additionally, the high usage for treating the back pain and orthopedic implants like bone screws and plates that are used in fixation of fractured bone and spinal fusion surgery are also lifting the growth of the North America orthopedic implants market.
The various 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 2020 to 2027. The existent of strict regulatory framework and the numerous product recalls will challenge the growth of the North America orthopedic implants market.
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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 analyze meager 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.
Based on 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.
Based on 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.
The application segment of the North America orthopedic implants market is segmented into neck fracture, spine fracture, hip replacement, shoulder replacement and others.
On the basis of end user, the North America orthopedic implants market is segmented into hospital, orthopedic clinics, home cares and others.
North America Orthopedic Implants Market Country Level Analysis
North America orthopedic implants market is analyzed 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 North America orthopedic implants market report are U.S., Canada and Mexico.
The growth in the North America orthopedic implants market is driven by escalating healthcare spending by local government and well-established healthcare infrastructure in the US and Canada.
The country section of the North America orthopedic implants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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