North America Orthopedic Implants Market to Witness Huge Growth Due to Acquisitions Like That of Simplify Medical by NuVasive

Orthopedic implants are medical devices that are used to replace injured or damaged bones, joints, or cartilages. Orthopedic implants may also be used in case a patient is experiencing pain in bones and joints; in such cases these implants provide strength to the joints, thereby reducing the pain. Almost all orthopedic implants are made of titanium or stainless-steel alloys along with plastic linings. The titanium or stainless-steel framework act as bones while the plastic linings act as cartilage.

Forecast Analysis

According to the report published by Research Dive, the North America orthopedic implants market is expected to gather a revenue of $30,646 million by 2025 and grow at 3.9% CAGR in the 2019–2025 timeframe. Orthopedic implants have grown in demand due to increasing number of geriatric populations across the region. This growth in demand is anticipated to boost the North America orthopedic implants market in the coming years. Along with this, rise in demand for advanced therapies and minimally invasive procedures is predicted to push the market forward. Moreover, increasing R&D and investments in the field of orthopedic implants is anticipated to offer massive growth opportunities to the market in the forecast years. High costs of medical procedures associated with orthopedic implantations may, however, create hindrances in the growth of the North America orthopedic implants market in the analysis timeframe.

By country, the North America orthopedic implants market is studied across countries of US, Canada, and Mexico. Some prominent market players include Johnson & Johnson (DePuy Synthes), Smith and Nephew Plc., Arthrex, Inc., Zimmer Biomet Holdings, Inc., Wright Medical Group N.V., DJO Finance LLC, Stryker Corporation, CONMED Corporation, Globus Medical Inc., Medtronic Plc, and many others.

Significant Market Developments

The significant companies operating in the North America orthopedic implants market are adopting numerous growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, thus helping the market to flourish. For instance:

In January 2021, DJO, a high-quality orthopedic devices provider, announced the acquisition of Trilliant Surgical, a foot and ankle solutions provider. This acquisition is expected to help DJO to expand its market share significantly in the near future and will help the company to cater to the demands of the medical industry of this region.

In February 2021, NuVasive Inc., a California-based medical devices company and a leader in spine technology innovation, announced the acquisition of Simplify Medical, a medical device company specializing in cervical spinal disc arthroplasty. The acquisition will help NuVasive, by enabling it to add Simplify Medical’s portfolio to its existing one, especially the Simplify® Cervical Artificial Disc.

In March 2021, Orthopaedic Implant Company (OIC), a Nevada-based manufacturer of orthopedic implants, announced a partnership with Integrated Surgical Solutions (IPG), a Georgia-based medical equipment manufacturing company. The partnership is expected to help both the companies to integrate their operating capabilities and increase their footprint in the North America orthopedic implants market in coming years.