Global Joint Replacement Device Market

Global Joint Replacement Device Market was valued at US$ 18.6 Bn in 2017, and is expected to reach US$ 26.65 Bn by 2026, at a CAGR of 4.6 % during forecast period.

Global Joint Replacement Device Market

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Joint Replacement Device market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Joint Replacement Device market.

Joint replacement surgery, is a procedure of orthopedic surgery in which an arthritic or dysfunctional joint surface is replaced with an orthopedic prosthesis. Increase in patient population, increasing demand for customized knee implants, and government initiatives to drive the global joint replacement devices market. Presence of established market players, rapid innovation of technology, and surge launch of new products are anticipated to drive the market globally. The major restraint of the market is product recalls by the Food and Drug Administration and other regulatory authorities and increase awareness about alternative treatments.

Based on the product, the knee reconstruction devices segment is expected to hold a dominant share of the market during the forecast due to Increase in the number of total knee replacement (TKR) surgeries and launch of knee implants for total and partial knee replacement surgeries are anticipated to propel the knee reconstruction devices segment during the forecast period.

Based on the fixation, cementless fixation segment is expected to dominate the global joint replacement devices market owing to the increase in demand for cementless joint replacement surgeries and rise in the number for surgeons preferring these surgeries.

Based on the technique, Minimally Invasive Surgery (MIS) segment is expected to dominate the global joint replacement devices market owing to increasing adoption of this technique for replacing joints and rising awareness about the advantages of Minimally Invasive Surgery.

Based on the indication, the osteoarthritis segment is projected to hold a dominant share of the market during the forecast period owing to the increase in prevalence of osteoarthritis and rise in the number of patients with osteoarthritis opting for joint replacement surgeries.

Based on then end user, ambulatory surgical centers segment is expected to expand at a considerable pace during the forecast period. Rapid expansion of the ambulatory surgical centers segment is attributed to the increase in number of patients preferring ambulatory surgical centers for surgeries due to short waiting time and hospital stay.

Geographically, North America accounted for the major shares of the global Joint Replacement Devices market in 2017. Presence of established market players, rapid acceptance of technology, and surge launch of new products are anticipated to drive the market in the region during the forecast period.

Asia Pacific Region is anticipated to dominate the global joint replacement devices market during the forecast period owing to Rise in prevalence of orthopedic disorders requiring joint replacements and increase in geriatric population in emerging economies such as China, India, and Australia.

Scope of Joint Replacement Devices Market:

Global Joint Replacement Devices Market, by Product:

• Knee Reconstruction Devices
• Hip Reconstruction Devices
• Extremity Joint Reconstruction Devices

Global Joint Replacement Devices Market, by Type of Fixation:

• Cementless
• Cemented
• Hybrid

Global Joint Replacement Devices Market, by Technique:

• Traditional Surgery
• Minimally Invasive Surgery (MIS)
• Computer-assisted Surgery (CAS)

Global Joint Replacement Devices Market, by Indication:

• Osteoarthritis
• Rheumatoid Arthritis
• Hip Dysplasia
• Orthopedic Trauma
• Joint Stiffness

Global Joint Replacement Devices Market, By End User:

• Hospitals
• Orthopedic Clinics
• Ambulatory Surgical Centers

Global Joint Replacement Devices Market, By Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Key Players Operating In Global Joint Replacement Devices Market:

• Aesculap Implant Systems
• Arthrex, Inc
• ConforMIS
• DePuy Synthes (a Johnson & Johnson Company)
• DJO Global
• Exactech, Inc.
• Medtronic
• Smith & Nephew
• Stryker
• Zimmer Biomet

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