North America Orthopedic Reconstruction Market Outlook to 2022

Overview

Executive Summary

Healthcare providers all around the North America region are employing innovative strategies to combat shrinking margins and rising costs. The gradual transition of the US towards the value based healthcare coupled with vigorous implementation of ‘Comprehensive Care for Joint Replacement’ model has played a pivotal role in improving the quality and effectiveness of healthcare in the US, which in turn aggravated the revenue of North America Orthopedic market.
North America Orthopedic Reconstruction market witnessed a CAGR of 3.6% during the period of 2012-2017. A rise in osteoporosis-related fractures and musculoskeletal diagnoses coupled with intense modification from conventional surgical procedures to minimally invasive surgeries is the major driving factor for this growth. Additionally, to capture the major market share, the key players are collaborating with each other through M&A and are adopting pioneering strategies. This aids them to reap economies of scale and further enhance their market stake.

Joint Reconstruction, the dominating segment  
The Reconstructive Joint Replacement market gained an upward momentum during the period 2012- 2017. This high growth can be owed to a rapidly increasing aging population and widespread predominance of obesity. Continuous advances in implant material and rapid introduction of new & improved products has encouraged the volume of surgical procedures and further enhanced the density of surgeons. 
Adoption of an integrated approach to foster outpatient surgery and other ambulatory services has positively helped in reducing overall cost and improving quality for patients.
Growing advancement and high adoption of technology like biomaterial development, computer-assisted image-guided technology, and molecular biology of bone would further boost revenue of North America Spine market.

Nascent Stage in Canada
During the last few years the US region dominated the market for orthopedic devices and this lead is expected to continue during the forecast period. However, its share contribution is witnessing a Y-o-Y downfall whereas Canada Orthopedic Reconstruction Market is showing signs of growth. The scope of expansion was fueled with rising number of contract manufacturers and presence of a highly competitive market with large number of players.
Canada Orthopedic Reconstruction Market showcased a CAGR of 3.6% during the last five years. Soaring healthcare cost, mounting geriatric population, and increasing prevalence of osteoarthritis are the major factors that may drive market growth in near future.

Role of Government
Rigorous government regulations and post-surgical complications are the major factors that may affect the growth of orthopedic market. Introduction of varied policies by Trump government like: Elimination Of Cost-Sharing Reduction (CSR) Payments, Medicaid Expansion, Repealing of Individual Mandate Penalty and many more is anticipated to influence the market.

A deep - dive into Future
North America Orthopedic Reconstruction market is expected to witness a CAGR of 4.9% during the period 2017-2022. The US Orthopedic market is maturing due to high cost of surgeries in equipment whereas the trend is shifting towards developing countries like India and China. Gradually major orthopedic players like Stryker, J&J, Zimmer Biomet, Smith & Nephew and Medtronic have started investing in emerging markets to garner more revenues by reducing cost. 
However, continuous innovation on part of major companies like development of advanced surgical materials, coatings and manufacturing process is expected to play a pivotal role in strengthening competition within the Canada orthopedic market.

Scope of the Study
The synopsis presented has been derived from the report titled “North America Orthopedic Reconstruction Market Outlook to 2022” published by Makreo Research and Consulting. The report depicts market assessment on various parameters, discussing major segments, and assesses the impact of economic, political, technological & demographic factors. The study also discusses market dynamics, which offer an understanding on prevailing trends, factors driving the market and major challenges hampering the growth. The report gives an understanding of the future opportunities in the market which may help market players to leverage untapped business potential.

Key Players in the North America Orthopedic Market

• Zimmer Biomet Holdings, Inc.
• Johnson & Johnson
• Stryker Corporation
• Smith & Nephew
• Medtronic
• NuVasive, Inc.
• Globus Medical.

The report helps readers to gain information on following areas:

• What is the current state of North America Orthopedic Market?
• How the US market is evolving and what all roadblocks players are experiencing?
• What is the present scenario in Canada Orthopedic Market?
• What is the market positioning of leading players operating in North America Orthopedic Market?
• How government policies influencing the market?
• Which technology is gaining momentum and what are the possible future developments?
• How market trends are shifting and what are the expected future developments in the market?
• What are the market challenges and how to overcome without loosing growth pace?
• Where the future investment opportunities lies?