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Major Orthopedic Joint Replacement Implants Global Market, Opportunities And Strategies To 2022

Starting Price : $ 5000.00 $ 3350.00 | Pages : 0 | Published : December 2018 | SKU CODE : o&s043 | Format :

Major Orthopedic Joint Replacement Implants Market Charecterstics

The major orthopedic joint replacement implants market includes implants used in knee and hip replacement surgical procedures. Knee and hip joints are affected by common disease conditions such as rheumatoid arthritis, osteoarthritis, post-traumatic arthritis, injuries, and obesity. The growing prevalence of these disease conditions have led to increases in knee and hip joint replacement surgeries.

Major Orthopedic Joint Replacement Implants Market Competitive Landscape

The global orthopedic market is growing dramatically, reflecting the demand of the aging population for procedures which can improve their quality of life. Top orthopedic device companies in the major orthopedic joint replacement implants market are Depuy Synthes, Zimmer and Biomet, Stryker, Smith & Nephew, and Aesculap.

Major Orthopedic Joint Replacement Implants Market Size

The global major orthopedic joint replacement implants market is expected to reach higher than $20 billion with a CAGR less than 5% in the forecast period. Growth in the major orthopedic joint replacement implants market is mainly due to the rising cases of arthritis and osteoarthritis among ageing population, increasing prevalence of obesity and healthcare reforms by governments across the world.

However, the major orthopedic joint replacement implants market is expected to face restraints due to several factors such as high revision burden, increasing costs of replacement surgery and stringent government regulations in the market.

Major Orthopedic Joint Replacement Implants Market Segmentation

The global major orthopedic joint replacement implants market is segmented on the basis of type of joint. These are further segmented by the type of material, by material combination, type of fixation, by facility and by geography.
By Type Of Joint- The global major orthopedic joint replacement implants market is segmented into knee replacement implant and hip replacement implant.
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.
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.
Among these segments, the knee replacement implant was the largest segment in the major orthopedic joint replacement implants market, followed by the hip replacement implant segment.
By Geography- The major orthopedic joint replacement implants market is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. Among these regions, the North American major orthopedic joint replacement implants market held the highest share in the global major orthopedic joint replacement implants market.
Major Orthopedic Joint Replacement Implants Market Trends
Several trends in the global major ortho joint replacement implants market include generic companies gaining traction, investments of major orthopedic implant manufacturers in emerging markets and integration of advanced technologies such as robotics and 3D printing.
Potential Opportunities in the Major Orthopedic Joint Replacement Implants Market
With rising ageing population, increasing cases of arthritis and growing demand for replacement implants in emerging economies, the potential and scope for the major orthopedic joint replacement implants market is expected to increase in the forecast period.

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