The size of the North America Osteotomy Plates Market is forecasted to hike at a brisk pace during the forecast period.
Rising awareness among the consumers and increasing healthcare quality in North American is driving the demand for the osteotomy plates market in this region.
The rising number of road accidents around 1.25 million people die in road accidents every year, an average of 3,287 deaths per day, according to Annual Global Road Crash Statistics, booming aging population, and quick assumption of surgical procedures while identifying and medicating bone-related diseases surging the market growth. In the U.S., 24% of adults, i.e., 54million people, have arthritis, medical costs yearly are around 81 billion in the US, and by 2040 and an estimation of 78 million of US adults aged 18 years and above are considered to have arthritis as diagnosed by a doctor. Moreover, 1 in 3women who are 50 years and above and 1 in 5 men will experience osteoporotic fractures over their lifetime and is predicted as more than 200 million people are affected with osteoporosis are some of the factors fostering the market growth during the analysis period.
The costly treatment associated with osteotomy surgeries is one prime factor restraining the market. Dangerous side-effects with the usage of osteotomy plates may hamper the growth, and complications relevant to osteotomy procedures may involve nerve damage, bleeding, blood clots, infections, scar formation, and many other obstructing the market growth in North America.
Metal Osteotomy Plates (Titanium Osteotomy Plates and Stainless-Steel Osteotomy Plates) and Polymer Osteotomy Plates
Knee Surgery and Hip Surgery
Hospitals, Clinics, and Ambulatory Surgical Centers
The United States, Canada, and Rest of North America
Geographically, the North America market leads globally and will continue to do so for the next few years. The osteotomy plates market in North America is expected to grow at an energetic rate during the estimated period. North America is dominating the osteotomy plates market globally over the period and is predicted to hold the highest market share due to growing bone-related diseases. Mounting surgical procedures for bone-related conditions caused due to inappropriate food habits or an unhealthy lifestyle are factors that boost this region's growth.
Factors like investments for healthcare are rising, accessible market opportunities, growth in urbanization, and disposable personal income are boosting the market growth during the analysis period. The appearance of government organizations, the presence of advanced technologies with recent developments in the osteotomy plates, and the increasing number of product launches are factors that foster market growth during the review period.The Canadian market for osteotomy plates is considered to have rapid growth in the region due to the existence of research activities related to metal osteotomy plates is upgrading the market in this region.
Major product manufacturers in the North America Osteotomy Plates market are Arthrex, Inc., OrthoPediatrics Corp., Acumed, LLC, Wright Medical Group N.V., Implantate AG, Johnson & Johnson, Stryker Corporation, Zimmer Biomet, B. Braun Melsungen AG, GROUP FH ORTHO, Amplitude Surgical.
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