According to a new market research study of “North America Artificial Joints Market Forecast to 2027 - COVID-19 Impact and Analysis by Type, Material, Application, and End User, The North America Artificial Joints market was valued at US$ 7,234.2 million in 2019 and is projected to reach US$ 11,440.2 million by 2027; it is expected to grow at a CAGR of 6.0% during the forecast period. The report highlights trends prevailing in theNorth America Artificial Joints market and the factors driving market along with those that act as hindrances.
The Artificial Joints market, by product, is segmented into cemented joints and non-cemented joints. The cemented joints segment held the largest share of the market. An artificial joint is a device used in orthopedic surgery procedures in which an arthritic or dysfunctional joint surface is surgically replaced. Extensively increasing geriatric population coupled with sedentary lifestyle are the most prevalent conditions for the growth of bone and joint diseases worldwide. According to a data published by CDC (Centers for Disease Control and Prevention) in 2020, an estimated 32.5 million Americans are suffering from osteoarthritis. Such massive prevalence of bone and joint defects are estimated to have positive impact on the demand of bone replacement procedures, which will eventually drive the market growth during the forecast period.
North America Artificial Joints market is expected to grow due to factors such as to increasing prevalence of bone and joint conditions, increasing prevalence of obesity, and rising government support by introducing guidelines for regenerative medicines. However, high cost of joint repair therapies is expected to hinder market growth.
Smith & Nephew, Zimmer Biomet and Stryker Corporation are among the leading companies operating in the North America Artificial Joints market.
Reasons to Buy
The Artificial Joints market, by product, is segmented into cemented joints and non-cemented joints. The cemented joints segment held the largest share of the market. An artificial joint is a device used in orthopedic surgery procedures in which an arthritic or dysfunctional joint surface is surgically replaced. Extensively increasing geriatric population coupled with sedentary lifestyle are the most prevalent conditions for the growth of bone and joint diseases worldwide. According to a data published by CDC (Centers for Disease Control and Prevention) in 2020, an estimated 32.5 million Americans are suffering from osteoarthritis. Such massive prevalence of bone and joint defects are estimated to have positive impact on the demand of bone replacement procedures, which will eventually drive the market growth during the forecast period.
North America Artificial Joints market is expected to grow due to factors such as to increasing prevalence of bone and joint conditions, increasing prevalence of obesity, and rising government support by introducing guidelines for regenerative medicines. However, high cost of joint repair therapies is expected to hinder market growth.
Smith & Nephew, Zimmer Biomet and Stryker Corporation are among the leading companies operating in the North America Artificial Joints market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Artificial joints market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America Artificial Joints market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
3. Research Methodology
4. North America Artificial Joints - Market Landscape
5. Artificial Joint Market- Key Market Dynamics
6. Artificial Joints Market - North America Analysis
7. Artificial Joints Market Analysis - by Type
8. Artificial Joints Market Analysis - by Material
9. Artificial Joints Market Analysis - by Application
10. Artificial Joints Market Analysis - by End User
11. Artificial Joints Market -North America Analysis
12. Impact of COVID-19 Pandemic on North America Artificial Joints Market
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Smith & Nephew
- Stryker Corporation
- Zimmer Biomet
- Medtronic
- Braun Melsungen AG
- Colfax Corporation
- Depuy Synthes (Johnson and Johnson Services, Inc.)
- Exactech, Inc.
- JRI Orthopaedics Limited
- SAMO SpA