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North America Orthopedic Devices Market Research Report - Segmented By Anatomical Location, Consumable Type, Country (United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 1385
Pages: 145

North America Orthopedic Devices Market Size (2022 to 2027)

The size of the North American Orthopedic Devices Market in North America is estimated to be worth USD 14.18 billion in 2022. This value is further expected to be growing at a CAGR of 4.94% and reach a value of USD 18.04 billion by 2027. North America Orthopedic Devices Market expands with the aging population, and the number of people undergoing joint replacement surgery, such as hip and knee replacement, is steadily increasing and continues to grow. In addition, the rise in osteoporosis-related fractures and musculoskeletal diagnostics is driving the demand for orthopedic implants in the population over the age of 65 years. Several people have the musculoskeletal disease in recent years in countries like the US, UK, and others. As a result, statistics show that the number of orthopedic surgeries is increasing, driving increased demand for orthopedic implants. 

Other factors include an increase in the number of major joint reconstruction surgeries, an increase in the elderly population, an increased prevalence of plastic surgery, and the development of bioabsorbable and titanium implants. However, factors such as stringent regulatory reforms are hindering market growth.

North America Orthopedic Devices Market is likely to expand with increasing awareness of the availability of innovative products in nations like Canada and the USA, leading hospitals to upgrade their equipment and services continually. Besides, the scope of reimbursement of orthopedic treatment is promoting the use of orthopedic surgery. These factors will allow customers to choose sophisticated and expensive equipment and increase total revenue.

The primary limitation in North America Orthopedic Devices Market is the demand for minimally invasive orthopedic devices that do not require repeated surgery, which is expected to increase the number of operations in and around the development area. For example, in March 2017, Integra Life Sciences announced the commercial expansion of the Cadence Complete Ankle System, a new ankle prosthesis developed in collaboration with four of the world's leading ankle surgeons, Rotation Medical Corporation.

This research report on the North American Orthopedic Devices Market has been segmented and sub-segmented into the following categories.

By Anatomical Location: 

  • Knee
  • Shoulder
  • Foot
  • Ankle
  • Hip
  • Spine
  • Elbow
  • Craniomaxillofacial

By Type Of Consumable: 

  • Orthopedic Staples
  • Orthopedic Suture Anchors
    • Resorbable Suture Anchors
    • Metallic Suture Anchors

By Country: 

  • The United States
  • Canada
  • Rest of North America

Geographically, North America accounted for the largest share in the global Orthopedic Devices market in 2020, with the United States spending nearly 20% of its GDP on health.  The North American market leads the global market, is very modern, and focuses on innovating cost-effective devices. In addition, companies are committed to research, sourcing, and quality, factors that are central to the industry's success.

The North American orthopedic devices market is very fragmented. Market participants focus on continuous product development and offer orthopedic devices at competitive prices, especially in developing countries.

KEY MARKET PLAYERS:

Companies playing a leading role in the North American orthopedic devices market profiled in the report are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biomet.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Anatomical location                                

                                5.1.1 Introduction           

                                5.1.2 Knee         

                                5.1.3 Shoulder  

                                5.1.4 Foot and Ankle      

                                5.1.5 Hip             

                                5.1.6 Spine         

                                5.1.7 Elbow        

                                5.1.8 Craniomaxillofacial              

                                5.1.9 Others      

                                5.1.10 Y-o-Y Growth Analysis, By Anatomical location      

                                5.1.11 Market Attractiveness Analysis, By Anatomical location    

                                5.1.12 Market Share Analysis, By Anatomical location     

                5.2 Type of Consumables                             

                                5.2.1 Orthopedic staples              

                                5.2.2 Orthopedic suture anchors              

                                                5.2.2.1 Resorbable suture anchors

                                                5.2.2.2 Metallic suture anchors

                                5.2.3 Y-o-Y Growth Analysis, By Type of Consumables     

                                5.2.4 Market Attractiveness Analysis, By Type of Consumables   

                                5.2.5 Market Share Analysis, By Type of Consumables     

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Anatomical location

                                                6.1.3.3 By Type of Consumables

                                6.1.4 Market Attractiveness Analysis      

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Anatomical location

                                                6.1.4.3 By Type of Consumables

                                6.1.5 Market Share Analysis        

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Anatomical location

                                                6.1.5.3 By Type of Consumables

                6.2 United States                            

                6.3 Canada                         

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8.Market Leaders' Analysis                                          

                8.1 Medtronic                  

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Stryker                         

                8.3 Zimmer Inc.                

                8.4 DePuy                          

                8.5 Synthes                       

                8.6 Smith & Nephew                     

                8.7 Biomet                         

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10.Market Outlook and Investment Opportunities                                           

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. North America Orthopedic Devices Market, By Region, From 2021to 2027 (USD Million)
  2. North America Orthopedic Devices Market, By Anatomical location, From 2021to 2027 (USD Million)
  3. North America Knee Market, By Region, From 2021to 2027 (USD Million)
  4. North America Shoulder Market, By Region, From 2021to 2027 (USD Million)
  5. North America Foot and Ankle Market, By Region, From 2021to 2027 (USD Million)
  6. North America Hip Market, By Region, From 2021to 2027 (USD Million)
  7. North America Spine Market, By Region, From 2021to 2027 (USD Million)
  8. North America Elbow Market, By Region, From 2021to 2027 (USD Million)
  9. North America Craniomaxillofacial Market, By Region, From 2021to 2027 (USD Million)
  10. North America Orthopedic Devices Market, By Type of Consumables, From 2021to 2027 (USD Million)
  11. North America Orthopedic staples Market, By Region, From 2021to 2027 (USD Million)
  12. North America Orthopedic suture anchors Market, By Region, From 2021to 2027 (USD Million)
  13. North America Orthopedic Devices Market, By Orthopedic suture anchors, From 2021to 2027 (USD Million)
  14. North America Resorbable suture anchors Market, By Region, From 2021to 2027 (USD Million)
  15. North America Metallic suture anchors Market, By Region, From 2021to 2027 (USD Million)
  16. United States Orthopedic Devices Market, By Anatomical location, From 2021to 2027 (USD Million)
  17. United States Orthopedic Devices Market, By Type of Consumables, From 2021to 2027 (USD Million)
  18. United States Orthopedic Devices Market, By Orthopedic suture anchors, From 2021to 2027 (USD Million)
  19. Canada Orthopedic Devices Market, By Anatomical location, From 2021to 2027 (USD Million)
  20. Canada Orthopedic Devices Market, By Type of Consumables, From 2021to 2027 (USD Million)
  21. Canada Orthopedic Devices Market, By Orthopedic suture anchors, From 2021to 2027 (USD Million)

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