6 key trends in the North American joint reconstruction market

Written by Laura Dyrda | May 22, 2015 | Print  |

The North American joint reconstruction market has four companies dominating the space, which continues to grow.

Here are six things to know about the North American joint reconstruction market:

 

1. The market was valued at $4.4 billion last year and is expected to grow over the next four years.

 

2. Through 2019, the markets is expected to increase at a 5.1 percent compound annual growth rate.

 

3. Zimmer, DePuy Synthes, Stryker and Smith & Nephew dominate the market. Biomet, which is being acquired by Zimmer, also holds a strong place in the market.

 

4. Market growth drivers include:

 

• Increasing demand for minimally invasive techniques
• Growing awareness about joint reconstruction benefits

 

5. The United States accounted for the largest share of the North American market — 90.3 percent.

 

6. The large population of patents suffering from rheumatoid arthritis and osteoarthritis results in increased technological advancements and new product launches by the key players.

 

More articles on orthopedic devices:
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