Fortune Magazine: How COVID-19 Is Impacting the Joint Replacement Market
COVID-19 is having an immense impact on joint replacements, with hospitals losing an estimated $1.3B - $1.8B per month for the period while surgeries were not being performed.
- Knee replacements are expected to triple between now and 2040
- Annual market value for American hospitals and surgery centers [ranges] between $15.5B and $21.5B for knee replacements alone
- A 2014 study concluded that one-third of knee replacements were not warranted, mainly because the symptoms of the patients were not severe enough to justify the procedures.