Global Small Joint Replacement Market Professional Survey Report 2019
Wiseguyreports.Com Adds “Small Joint Replacement– Global Market Share, Industry Analysis, Competitive Landscape, Strategies And Forecast To 2025” To Its Research Database.
Small joint replacement is done in orthopaedic surgeries that are done on the hands, wrists, and feet. Special kinds of prostheses made up of metal, plastic, or materials such as carbon fibre structures are used in order to replace bones and joints. Small joint replacement surgery is done when the articular cartilage – the cushioning substance on the surface of a bone – wears out or is damaged resulting in friction between the bones at these joints. This condition is also caused by abnormal joint fluid.
While the small joint replacement market is gaining prominence with the increased awareness among people regarding the condition and treatment, the availability of these services and necessary implants are the major factors. The implant surgery being the crucial phase, this treatment process involves a lot more. The diagnosis, after-surgery care, physiotherapy and rehabilitation process make up a significant portion of small joint replacement treatment. The risks involved with such minute-level treatments and the possibility of requiring further correctional surgeries may be a matter of concern in this market.
Like any other medical field, the small joint replacement market has also seen many technological advancements that may help boost the growth rate. The market for these also requires trained medical personnel at every stage of the treatment. The costs involved and the pricing may affect the outreach of these treatments. The market survey conducted by the report on the global small joint replacement market looks to give a picture of the market size in terms of value and volume. The study looks into the market at global, regional and company levels.
Top Key Players:
Johnson & Johnson (Dupey Synthese)
Smith & Nephew
B. Braun Melsungen (Aesculap)
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The global small joint replacement market has been segmented into submarkets based on the criteria of product type and the applications of the services offered. The individual segment-wise growth rates regarding the production and consumption have been given in the comparative study.
The market segments by type consist of the following treatment types:
- Ankle Replacement
- Digits Replacement
- Elbow Replacement
- Wrist Replacement
The segmentation done based on the application include:
- Orthopaedic Clinics
The region-wise study conducted in the global small joint replacement market report looks into the major regional markets across the globe. This section of the market analysis covers the production, apparent consumption, export and import data and analysis for each regional segment. The key regions and countries covered are North America, Europe, China, Japan, Southeast Asia, and India. The key players in each of these markets have been presented with their complete business profiles. The market concentration degree and the area covered by each of these companies have been studied. The company data regarding manufacturing sites, capacity, revenue, ex-factory pricing, and market shares have been given to give a picture of the competitive landscape.
Stryker Corp, a leading medical implants manufacturer, looks to extend its dominance in the joint replacements market with its latest move to buy a rival company, Wright Medical Group. The deal estimated to be around US$4 billion will expand the company’s holdings in the wrist and shoulder replacement segments. Wright Medical had registered a US$836 million in revenue in the past year and specializes in foot and ankle replacements.
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