Global Knee and Hip Replacements Market is forecasted to grow at a CAGR of 5.15% during 2016 - 2021F, driven by rising clinical education among the patients, rising demand from the aged population, increasing prevalence of obesity and diabetes and technological innovation. Rising disposable incomes has resulted in increasing per capita healthcare expenditure which has further led to growing focus towards healthcare, hence, building the need for knee and hip replacement surgeries specifically among the adult population.
Global Knee and Hip Replacements market is projected to exhibit a CAGR of over ~5.15% during 2016 - 2021. On the basis of market segment, the market has been segmented into two categories namely; Knee replacements and hip replacements market with its sub segments. Few of the leading companies operating in Knee and Hip Replacements market are Zimmer Biomet Holdings Inc., Stryker Corporation, Smith & Nephew plc., Johnson & Johnson and Wright Medical Group.
Global Knee and Hip Replacements Market (by Type, Material, Fixation, Approach): Opportunities and Forecasts (2016-2021)
1. Global Knee and Hip
Replacements Market (by Type,
Material, Fixation, Approach):
Opportunities and Forecasts
(2016-2021)
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2. ABSTRACT
Improved technological advancement leading to growing demand for knee and hip replacement
services coupled with growing awareness among the population due to rising ageing population,
obesity and osteoarthritis problem has resulted in the growth of knee and hip replacements
market.
Due to the growing problem of osteoarthritis, bone preservation, less healing time and
technological advancement like minimally invasive surgeries has led to an increase in the knee &
hip replacement market. Countries in emerging economies are increasingly becoming the focus
point of the manufacturers given the huge demand for knee and hip replacement surgeries.
Improvement in technology with increasing prevalence of obesity and diabetes and the
inclination of young population has been driving the market. Lack of awareness combined with
higher cost of surgery has hampered the growth of the industry. Rising prevalence of revision
surgeries combined increasing capabilities of implants in emerging nations, leading to medical
tourism have grown over the years. Focus has shifted towards the emerging markets like Asia
Pacific and South America driven by medical tourism.
3. ABSTRACT
Global Knee and Hip Replacements Market is forecasted to grow at a CAGR of 5.15% during 2016
- 2021F, driven by rising clinical education among the patients, rising demand from the aged
population, increasing prevalence of obesity and diabetes and technological innovation. Rising
disposable incomes has resulted in increasing per capita healthcare expenditure which has
further led to growing focus towards healthcare, hence, building the need for knee and hip
replacement surgeries specifically among the adult population.
Global Knee and Hip Replacements market is projected to exhibit a CAGR of over ~5.15% during
2016 - 2021. On the basis of market segment, the market has been segmented into two
categories namely; Knee replacements and hip replacements market with its sub segments. Few
of the leading companies operating in Knee and Hip Replacements market are Zimmer Biomet
Holdings Inc., Stryker Corporation, Smith & Nephew plc., Johnson & Johnson and Wright Medical
Group.
4. Length Publisher Published Date
156 Pages
Azoth Analytics
June 1, 2016
Table of Contents
Strategic Recommendation
Market Growth and Forecast
Materials
-Metal
-Alloy
-Ceramic
-Plastic
Procedures
Regions
Learn more about this report
Company Profiles:
Wright Medical Group
Smith & Nephew plc.
Stryker Corporation
Zimmer Biomet Holdings Inc.
Johnson and Johnson
Medtronic PLC
Exactech Inc.
Think Surgical, Inc.
Acumed
Mathys Ltd Bettlach
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