Global Knee and Hip Replacements Market: Industry Size, Share, Growth, Forecasts
Latest
industry research report on: Global Knee and Hip Replacements Market
: Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
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.
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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.
While the market has witnessed strong foothold in the regions of
Europe and North America, rapid growth for knee and hip replacement
is expected to be driven by the emerging nations in Asia Pacific and
Latin America through India and China.
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According to Azoth Analytics
research report, Global Knee and Hip Replacements Market (By Type, By
Material, By Fixation Procedure, By Approach): Opportunities and
Forecasts (2016-2021): Opportunities and Forecasts (2016-2021),
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, Wright Medical Group.
Scope of the Report
The report provides coverage by
Types, Material, Fixation Procedures and By Approach:
--- By Knee Replacement Type
- Total Knee Replacement
- Partial Knee Replacement
- Revision Knee Replacement
--- By Hip Replacement Type
- Total Knee Replacement
- Partial Knee Replacement
- Hip Resurfacing
--- By Knee Replacement
Material
Metals, Ceramics, Plastics
--- By Hip Replacement Material
- Metal or ceramic on
polyethylene, Metal-on-metal, Ceramic on ceramic, Ceramic on Metal
--- By Knee and Hip Fixation
Procedure
- Cemented, Cement less, Hybrid
Fixation
--- By Hip replacement Approach
- Direct anterior approach,
Anterolateral approach, Posterolateral approach
The report provides coverage
by Region
- North America
- Europe
- Asia Pacific
- RoW
The report provides coverage
by Country
- United States
- United Kingdom
- Germany
- India
- China
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