How Are Companies Transforming the Face of North America Orthopedic Implants Market?
The demand for orthopedic implants in the North America region is increasing as more and more people are further living into old age and inviting the risks of osteoarthritis and osteoporosis. However, the products and technologies neighboring the orthopedic implants are rapidly transforming in the region. The companies situated in North America are introducing novel products, which is transforming the orthopedic implants market.
Over the past few years, the implants technology is evolving at a rapid pace and the advancements in new products are offering innovative benefits that were nor previously available. In North America, as more and more people are further living into old age, the rise in number of risks for osteoarthritis (OA) and osteoporosis (OP) is increasing the demand for orthopedic implants in the region. However, the appearance, function, and form of many North America orthopedic implants has remained relatively unchanged for quite some time.
According to the Research Dive published report, the North America orthopedic implants market is anticipated to register a revenue of $30,646 million by 2025. The demand for orthopedic implants in North America region has increased majorly owing to growing geriatric population and technological innovations. The products and technologies neighboring the orthopedic implants are rapidly transforming. Moreover, there are some cases in which the digital revolution is taking a grip, with smart technologies being fused into rehabilitation devices. While advances in orthopedic implants remain moderately static, the dynamic changes in their ancillary technologies are quite exciting.
Advancements in Orthopedic Implants by Several Companies
The key players operating in the North America orthopedic implants market are involved in research & development and introduction novel and innovative products in the market.
A California-based software company, Reflexion Health offers a virtual solution namely, VERA for onsite and at-home physical therapy. In Virtual exercise Rehabilitation Assistant (VERA), the 3D motion capture technology is combined with a game-like interface that helps in tracking the physical therapy routines of patients and also in capturing information related to range of motion. The system can be used after orthopedic implant surgery to note the physical activities of patient. The gathered data from VERA system can be shared with patient’s physician, which enhances communication between two parties. This system has been the subject of studies by both Yale and Duke that presented favorable assessments. Moreover, one aspect of great interest to a range of stakeholders is that the use of the VERA resulted in greater patient compliance. This system also provides cost savings that makes VERA beneficial in the North America orthopedic implants industry as a value-based healthcare system.
CyMedica Orthopedics, another North America-based digital health technology and combined therapy-based platform has introduced another interesting solution in the rehabilitation space. The e-vive system was developed by the company to help patients to better deal with their knee OA. CyMedica’s idea behind the technology is to help in improving the quadriceps as thigh muscle weakness is frequently associated with OA. Reinstating strength in the quadriceps can aid a patient in delaying delay the need for surgery and allows them to return to normal activities. For several muscles, the neuromuscular electrical stimulation (NMES) is employed by the e-vive device to rehabilitate and strengthen the muscles.
Myoscience, a California-based company that develops and produces medical devices has developed a solution for pain management in the North America orthopedic implants industry. In iovera° system, a non-opioid nerve block technology is utilized to offer knee pain relief. This medical device provides a handheld alternate to physicians for delivery of cryoanalgesia. A lot of efforts have been taken in the past to find a better alternative to opioids and the iovera system could certainly be welcomed by those suffering from severe knee pain.
Today, the main focus of the North America orthopedic implants surgery is to introduce advanced implant technologies to go through changes and modernization. The above-mentioned companies are a perfect example for the innovations observed in orthopedic implants market. However, it’s quite exciting to see what next will be happening in the changing world of orthopedic implants.
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