North America Medical Products Market: 3 trends augmenting the industry outlook

North America medical products market is expected to witness substantial proceeds through 2026 led by the ongoing medical emergencies and mounting prevalence of road accidents and trauma in the economies such as the U.S. and Canada. According to a data published by the Canadian Survey on Disability, there were over more than 6.2 million people with one or more disabilities in 2017, a count which calls in for massive adoption of medical products. Also, technological developments aimed at enhancing the medical solutions to better serve the patients would further propel the market dynamics in near future.

Adding to these, hefty investments in healthcare facilities and infrastructural developments are some of the pivotal factors that would favor the business growth over a longer run. North America medical products industry size is anticipated to reach a valuation of USD 10.9 billion by the end of 2026, in the light of the given trends:

Increased medical products usage across orthopedics sector

North America medical products market has been potentially fragmented into vivid dimensions including product types, end user segments, and regional landscape.

Considering the product segmentation, the industry is further sub-divided into medical beds, orthopedics, wheelchairs, walkers, and bathroom assistive products amongst others. Of these, the orthopedics segment, which seized an overall market share of USD 1.5 billion in 2019, is poised to garner commendable returns in the upcoming years, courtesy- rising prevalence of orthopedic diseases, bone fractures, and mounting incidences of cervical disorders, predominantly cervical spondylitis.

Supporting the aforementioned, it was observed that over 6.3 million US citizens are diagnosed with bone fractures every year, calling in for proper medical products which could improve the patient’s trauma and help them with a speedy recovery.

Access sample pages of this report, “North America Medical Products Market Size by Product (Wheelchairs {Manual Wheelchair [Folding Frame Manual Wheelchairs, Rigid Frame Manual Wheelchairs], Powered Wheelchair}, Medical Beds {Patient Beds, Examination Beds, Massage Beds, Gurneys Beds}, Walkers {Double Handed Walkers, Single Handed Walkers}, Bathroom Assistive Products {Commodes, Bathtub Seats, Shower Seats}, Orthopedics {Cervical Collar Support, Shoulder Support, Arm Sling, Wrist Splint, Abdominal Binder, Maternity Belt, Elastic Bandage, Air Shield Walker, Knee Support), End-use (Hospitals, Ambulatory Surgical Centers, Home Healthcare), Regional Outlook, Competitive Market Share & Forecast, 2020 - 2026” in detail along with the table of contents (ToC) @

Rising preference for home healthcare

The healthcare and medical industry has transformed prolifically over the past few years across the economies of North America, making it quite efficient for patients to leverage the benefits of necessary treatments at their homes. In this case, it would be safe to declare that the home healthcare segment across North America medical products would garner massive returns in the years to follow, having held a business stake of over 38 per cent in 2019.

This growth can be credited to the rising preference of patients towards receiving treatment at their places. Home healthcare system offers potential care provided by skilled practitioners to the patients under foolproof guidance and direction of physicians.

A fundamental factor which escalates the significance of home healthcare system is a surge in the number of home healthcare agencies. Speaking on these lines, a report published by CDC cited that there were over more than 12,200 home health agencies in the States as of 2016. These agencies are anticipated to deliver proper care to more than 2.4 million disable and elderly people on yearly basis.

Booming product demand across Canada

As per the given report, Canada medical products market is projected to exceed a valuation of USD 990 million by the end of stipulated time frame on the grounds of expanding elderly patient population base asking for assistive devices. Not to mention, an upsurge in road accident cases and other sports related injuries across the nation would also favor the industry growth in future. According to a data rolled out by Canadian Society of Health Information, the country recorded over more than 17,000 hospitalizations due to sports related injuries between 2016 to 2017. Such numbers call in for massive demand of wheelchairs, thereby propelling the business dynamics across Canada.

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