According to Stratistics MRC, the Global Hip and Knee Orthopedic Surgical Implants market is estimated at $18.26 billion in 2015 and is expected to grow at a CAGR of 9.54% to reach $34.57 billion by 2022. Technological advancements and rising geriatric population worldwide are some of the key factors fueling the market growth. On the other hand, abridged reimbursements by insurance companies are negatively affecting the market growth. Total hip replacement surgery is witnessing a significant rise driven by the technological advan. The aging US population is supporting the market demand, since the requirement of these medical devices is higher in the elderly population.
Zimmer is the market leader in the hip and knee orthopedic implant market. Some of the key players in the market are B. Braun / Aesculap AG, ConforMIS, Corin, DJO Hip, Exactech, Johnson & Johnson, Mathys AG, Medacta, MicroPort Orthopedics Inc., Smith & Nephew, Stryker, Think Surgical, Waldemar LINK GmbH & Co., Wright Medical Technology and Zimmer Biomet.
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