Orthopedic Joint Replacement Market report is based on research on the subject primarily focusing on growth drivers, restraints, that will help vendors see a clear vision of the future market. It enlists the names of market players and strategies adopted by them to earn high market revenue in the forecast period.
Pune, India -- (SBWIRE) -- 11/03/2020 -- The global orthopedic joint replacement market size is poised to reach USD 26,967.9 million by 2026, exhibiting a CAGR of 5.1% during the forecast period. Combined rise in the incidence of osteoarthritis and geriatric population in the world will be the key force behind the growth of this market. Osteoarthritis is a lifelong condition that emerges when the cartilage in the joints deteriorates and causes bones to rub together, leading to stiffness and pain in those areas. It mainly hits people over 60 years of age. According to the World Health Organization (WHO), by 2050, over 130 million people in the world will be suffering from osteoarthritis, 40 million of whom will be severely disabled from the disease. This will primarily be a result of the rapid increase in the geriatric population, whose numbers are rising in tandem. The United Nations estimates that more than 20% of the world's population will be over the age of 60 by 2050. The cumulative effect of these developments will be an exponential rise in demand for joint implants, with total replacement surgeries leading the orthopedic joint replacement market trends.
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Leading Players operating in the Orthopedic Joint Replacement Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Integra LifeSciences
Johnson & Johnson Services, Inc.
MicroPort Scientific Corporation
Braun Melsungen AG
Zimmer Biomet
Conformis
Wright Medical Group N.V.
Smith & Nephew
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High Demand for Joint Implants to Drive the Market in North America
Revenue-wise, North America is anticipated to lead the global orthopaedic joint replacement market share, since the region generated USD 6,885.9 million in 2018. This is primarily owing to the escalating demand for joint implants, an efficient health insurance system, and a rising preference for joint replacement in outpatient settings in the region. Increase in the number of domestic producers will fuel the market in Europe, making it the second largest stakeholder in terms of revenue. The orthopaedic joint replacement market forecast shows that Asia-Pacific will register the highest CAGR due to the growing incidence of osteoarthritis, strong government initiatives, and increasing acceptance of modern orthopaedic solutions.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Market Trends
Key Insights
Number of Orthopedic Replacement Procedures - For Key Countreis, 2017
Regulatory Scenario - For Key Countries
Overview of Reimbursement Policies, in Key Countries
New Product Launch
Key Industry Developments - Mergers, Acquisitions and Partnerships
Global Orthopedic Joint Replacement Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product
Knee
Hip
Shoulder
Ankle
Others
Market Analysis, Insights and Forecast – By Procedure
Total Replacement
Partial Replacement
Others
Market Analysis, Insights and Forecast – By End User
Hospitals
Ambulatory Surgical Centers
Orthopedic Clinics
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC Continued….
Market Segmentation:
By Product
Knee
Hip
Shoulder
Ankle
Others
By Procedure
Total Replacement
Partial Replacement
Others
By End User
Hospital
Ambulatory Surgical Centers
Orthopedic Clinics
Others
By Geography
North America (USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Reasons to Purchase this Report:
Comprehensive analysis of the Orthopedic Joint Replacement Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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KEY QUESTIONS ANSWERED:
What are the key technological and Orthopedic Joint Replacement Market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
Why Choose Fortune Business Insights?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the Orthopedic Joint Replacement Market growth?
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