The Joint Replacement Market is anticipated to grow in the forecast period owing to driving factors such as developments in the technology for the medical devices, rise in the development for the healthcare infrastructure and rise in the investments for the automated healthcare facilities among the others. The market is likely to widen up opportunities for the market players to expand their business in the emerging regions
Joint replacement is a surgical procedure in which arthritic or damaged bone joint are removed and replaced with a metal, plastic or ceramic implants. The implants replicate the movement of a normal, healthy joint. Hip and knee replacements are the most common joint replacements surgeries, but replacement surgery can be performed on other joints, as well, including the ankle, wrist, shoulder, and elbow. Several conditions can cause disability and joint pain, thus leading the patients to consider joint replacement surgery. Either form of arthritis, a fracture, or any another medical condition can lead to joint replacement. Treatment of joint conditions is vital for the mobility of patients. Thus, a significant amount of investments in research and development of joint reconstruction techniques in order to develop advanced implants.
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Joint Replacement Market Key Benefits-
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Joint Replacement Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
Some of the Major Players In Joint Replacement Market:
1. ZIMMER BIOMET
2. DEPUY SYNTHES
3. SMITH & NEPHEW
6. EXACTECH, INC.
7. B. BRAUN MELSUNGEN AG
8. WALDEMAR LINK GMBH & CO. KG
9. MEDACTA INTERNATIONAL
10. CORIN GROUP
It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Joint Replacement Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2018 – 2027.
The "Global Joint Replacement Market Analysis to 2027" is a specialized and in-depth study of the The "Global Joint Replacement Market Analysis to 2027" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global joint replacement market with detailed market segmentation by type, fixation type, and end user. The global joint replacement market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The joint replacement market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global joint replacement market based on type, fixation type, and end user. It also provides market size and forecast till 2027 for overall Joint replacement market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
By region, North America held the largest share in 2017 in the joint replacement market. The large share of the segment is due to factors like the presence of a large number of major market players, the increasing prevalence of joint-related conditions, favorable healthcare policies, and increasing preference of the patients for minimally invasive disease. These factors contribute to the segment's dominance throughout the forecast period. Asia-Pacific expecting high growth for the joint replacement market due to increasing number of healthcare facilities and growing healthcare expenditures, and growing medical tourism. The high potential for cost-savings on medical procedures in Asian countries such as Singapore, India and Thailand will also boost the market growth in this region.
The report segments the global Joint Replacement Market as follows:
Global Joint Replacement Market – By Type
o knee replacement
o hip replacement
o ankle replacement
o shoulder replacement
Global Joint Replacement Market – By Fixation Type
Global Joint Replacement Market – By End User
o ambulatory care centers
o orthopedic centers
Global Joint Replacement Market – By Geography
o North America
o Asia Pacific (APAC)
o Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
o South & Central America (SCAM)
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