The report on “Joint Replacement Devices Market” is segmented by Product (Knee Reconstruction Devices, Hip Reconstruction Devices, Extremity Reconstruction Devices), by Type of Fixation (Cementless, Cemented, Hybrid), by Technique (Traditional Surgery, Minimally Invasive Surgery (MIS), Computer-assisted Surgery (CAS)), by Indication (Osteoarthritis, Rheumatoid Arthritis, Hip Dysplasia, Orthopedic Trauma, Joint Stiffness), by End use (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers), and by Region (North America, Europe, Asia Pacific, Middle East & Africa and South America). Global Joint Replacement Device Market was valued at US$ XX Bn in 2019, and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.6 % during forecast period.
Knee reconstruction devices segment is expected to hold a dominant share of the market during the forecast.
Rapidly increasing geriatric population coupled with growing prevalence of the degenerative disease has been stimulating the growth of knee replacement market. Technologically advanced implant material coupled with development of the customized replacement implants has been forecasted to gain significant traction in knee replacement market.
Cementless is widely used fixation type for Joint Replacement Devices Market.
One of the major trends being witnessed in the market is the growth in global medical tourism. Medical tourism denotes the movement of people from the country of their residence to another country to obtain medical treatment.
Timely procedures without long delay in ambulatory centers attract more patients.
Ambulatory surgical centers market segment is expected to considerable pace during the forecast period owing to overall low costs associated with surgery in this facility. Timely procedures without long delay in ambulatory centers attract more patients, resulting in rapid expansion of the same. Moreover, personalized care offering by ambulatory healthcare facilities surges the segment growth.
Asia Pacific Region is anticipated to dominate the global joint replacement devices market.
The joint replacement devices market in Asia Pacific is driven by the rise in government initiatives for providing cost-effective treatments for orthopedic disorders and availability of orthopedic care services in various countries. Additionally, price caps on knee implants by government authorities, increase in health care expenditure, and rise in the number of mergers & acquisitions are expected to propel the market.
The report covers a study of marketing and development strategies, along with the product portfolios of leading companies are Aesculap Implant Systems, Arthrex, Inc, ConforMIS, DePuy Synthes (a Johnson & Johnson Company), DJO Global, Exactech, Inc., Medtronic, Smith & Nephew, Stryker, and Zimmer Biomet.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global joint replacement devices market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the joint replacement devices market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global joint replacement devices market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Joint Replacement Devices Market.”
https://www.maximizemarketresearch.com/market-report/global-joint-replacement-device-market/26915/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908