Healthcare Industry: US Orthopedic Implants and Devices Essay
As the size of the elderly population in the US is growing, the incidences of various age related diseases such as arthritis and osteoporosis is also increasing which is expected to lead to significant surge in the hip and knee surgeries in coming years thereby propelling the orthopedic implants market as a whole. In the US around 28. 6 million people are estimated to sustain some kind of musculoskeletal injury annually according to the American Academy of Orthopedic Surgeons.
Among the various musculoskeletal diseases, the medical conditions elated to knee and hip Joints are some of the fastest growing problems. The primary reason for the rising incidence of various orthopedic diseases in the US is the growing population of people above 60 years of age. These individuals are the largest customers of reconstructive products such as hip, knee and spinal implants in the US. Moreover, younger individuals in their ass and ass are also undergoing orthopedic surgeries, thereby propelling the market for implants used in these surgeries.
As Joint diseases such as arthritis, osteoporosis and other medical conditions such as obesity are increasingly becoming more prevalent; people are undergoing orthopedic procedures to get relief from chronic pain of Joints and to regain
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While, the consistent increase in the demand for orthopedic surgeries in the US will benefit the implant manufacturing companies, it is also expected to present huge economic challenge for the country in the coming years in the form of surge in the costs for Medicare and other payers in the country. The report provides detailed overview on the orthopedic implants and devices market in the US and helps reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry Hyannis in coming years.