The major orthopedic joint replacement implants market includes implants used in knee and hip replacement surgical procedures. The hip and knee orthopedic surgical implants market, and the hip and knee reconstruction market are also covered in this report. Replacements of hip and knee joints are carried out in patients suffering from chronic pain and improper functioning of hip and knee joints. These replacement surgeries relieve the pain and restore joint mobility.
The top five companies covered in the orthopedic large joint replacement market are Depuy Synthes, Zimmer and Biomet, Stryker, Smith & Nephew, and Aesculap. Zimmer and Biomet was the largest competitor in the major orthopedic joint replacement implants ma
The countries covered are India, China, Japan, Australia, UK, Germany, France, Italy, Spain, Russia, USA, and Brazil.
Major Orthopedic Joint Replacement Implants Global Market Size
The global major orthopedic replacement implants market was valued at $16.6 billion in 2017. North America was the largest region in the global major orthopedic joint replacement implants market, accounting for over 53% of the market in 2017. The USA was the largest global major orthopedic joint replacement implants market, accounting for around 45% of the market in 2017.
Major Orthopedic Joint Replacement Implants Global Market Trend
Generic implants are increasingly gaining traction in the major orthopedic replacement implants market. Following the expiry of patents for implants, some startup companies entered the market. These include Syncera, Villoy Implants, and NovoSource have entered the orthopedic replacement implants market in the US. These generic companies are making copies of legacy implants with proven designs and biomaterials and further offering them at lower prices compared to branded implants, thereby posing a threat for major orthopedic device manufacturers such as Stryker, Johnson & Johnson, Zimmer, Smith & Nephew and Medtronic Spine.
Major Orthopedic Joint Replacement Implants Global Market Segmentation
The Major Orthopedic Joint Replacement Implants Global Market is segmented into Knee Replacement Implants and Hip Replacement Implants.
Knee Replacement Implants Knee replacement is a surgical procedure to remove the patella (kneecap), damaged tissues, and cartilage from the knee joints, end of the femur, and tibia. The damaged parts are then replaced with an artificial knee implant. The knee joint, also known as the tibiofemoral joint, is a synovial hinge joint, which is formed between three bones namely the femur, tibia, and patella. In this report, the knee replacement market size is also mentioned.
Hip Replacement Implants Market Hip replacement or hip arthroplasty is a surgical procedure in which the femoral head and/or the acetabulum of the hip ball-and-socket joint are replaced by artificial prosthetic material. This surgical procedure may involve total or partial replacement of the hip.