The global demand for Orthopedic Joint Replacement Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Orthopedic joint replacement is a surgical procedure in which a damaged joint is removed and replaced with an artificial joint. The substitute named as prosthesis, is made out of metal, plastic or ceramic and designed to replicate the movement of a normal, healthy joint. The replacement mimics the shape and movement of a natural joint. It is the best approach when severe joint pain or dysfunction is not cured by other therapies like medications, physical therapy, or less invasive therapies.
The global market for orthopedic joint replacement is expanding owing to the increasing prevalence of osteoarthritis, the growing aging population, and increasing incidences of bone injuries. The advancement in joint replacement surgeries such as robotic surgeries and 3-D printed patient-specific implants are the notable factors that will be stimulating the global market growth. The favorable reimbursement policies and healthcare subsidies are further estimated to support the global market. However, the high cost of surgery and lack of expertise to conduct joint replacement surgery may restrict the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of orthopedic joint replacement.
The entire orthopedic joint replacement market has been sub-categorized into product, procedure and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End User
- Total Replacement
- Partial Replacement
- Ambulatory Surgical Centers
- Orthopedic Clinics
This section covers regional segmentation which accentuates on current and future demand for orthopedic joint replacement market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Orthopedic Joint Replacement Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the orthopedic joint replacement market include Wright Medical Group N.V., Zimmer Biomet, Integra LifeSciences, Johnson and Johnson Services, Inc., Braun Melsungen AG, Conformis, MicroPort Scientific Corporation, Bioimpianti. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.