Axiom Market Research & Consulting ™ added a Joint Replacement Market Report, by Type, End User and Geography – Global Market Share, Trend Analysis & Forecast Up To 2024
Joint replacement is the process of replacing a damaged joint with an artificial. Joint replacement operation differs according to the joints involved, the reason for replacement and the kind of artificial joints used. Various kind of joint diseases like osteoarthritic and inflammatory arthritis lead to joint replacement. These operations are done to relieve severe pain and reduced mobility of advanced arthritis, particularly osteoarthritis. Robotic-assisted surgeries and technological advancements have played a principal role in industry growth during the recent years
The global joint replacement market is estimated and forecasted in terms of revenue (USD million) generated by the market. In the future, the joint replacement market growth is predicted to boost due to increasing technological advancement in surgical field, increasing number of ageing population and rising numbers of chronic medical condition such as, osteoarthritis, inflammatory arthritis, trauma or injury and cancer in or near a joint. However, excessive cost associated with the joint replacement surgeries and lack of trained and expert & surgeons are the major factors hindering the growth of the market.
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Joint Replacement Markets Segmented on the Basis Of type:
• Knees Replacement
• Hip Replacement
• Ankle Replacement
• Shoulder Replacement and Others.
By End Users of Joint Replacement Markets are:
• Orthopaedic Centres
• Ambulatory Surgery Centre
Global Joint Replacement Markets Is Segmented On The Basis Of By Geography:
By geography, the global joint replacement market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of the world. North America accounted for largest market share in 2017, owing to presence of developed and well-established health care system in the region. However, Asia Pacific is anticipated to grow at highest CAGR during the projected period owing to government initiatives, high investments in the healthcare sector, improving healthcare infrastructure in India and China and increasing demand in countries, such as India, China, and Japan
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The Joint Replacement Markets Is Led by Leading Manufacturers:
Some of the key participants of the global joint replacement market are B. Braun Melsungen AG, Stryker, AK Medical Holdings Limited, Mindray, Corin, Mathys AG Bettlach, Smith & Nephew, Waldemar LINK GmbH & Co. KG, Medacta International, Exactech, Inc, DePuy Synthes, Zimmer Biomet, Johnson & Johnson Services, Inc. Key players in the global joint replacement market are focusing on expansions, acquisitions, agreements and investments as their major growth strategies, to enter new untapped markets, consequently increasing their respective market shares.