The global “orthopedic joint replacement market size” is predicted to reach USD 26,967.9 million by 2026 exhibiting a CAGR of 5.1% during the forecast period. The increasing prevalence of bone diseases among the geriatric population will bolster healthy growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Orthopedic Joint Replacement Market Size, Share and Industry Analysis By Product (Knee, Hip, Shoulder, Ankle, Others), By Procedure (Total Replacement, Partial Replacement, Others), By End User (Hospital, Ambulatory Surgical Centers, Orthopedic Clinics, Others), and Regional Forecast 2019-2026” the market size stood at USD 19,051.2 million in 2018. The rising cases of osteoarthritis will spur opportunities for the market in the foreseeable future.
The scope of orthopedic joint replacement procedures is expected to increase in the forthcoming years. These procedures include partial replacement, total replacement, revision replacement, and reverse replacement. Among these, total replacement accounted for the maximum share in the global orthopedic joint replacement market in 2018. As per Fortune Business Insights, this segment is projected to remain strong throughout the forecast period between 2018 and 2026. This segment provides more product offerings in total replacement as compared to other segments.
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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:
- Wright Medical Group N.V.
- Zimmer Biomet
- Integra LifeSciences
- Johnson and Johnson Services, Inc.
- Braun Melsungen AG
- Conformis
- MicroPort Scientific Corporation
- Bioimpianti
Advent of Robotic Surgery to Aid Robust Development
The growing demand for orthopedic joint implants will provide an impetus to the market. The adoption of robotic surgery and patient-specific 3-D printed implants will have a tremendous impact on the global market during the forecast period. The rising favorable reimbursement policies will favor the healthy growth of the market during the forecast period. in 2017, the Centers for Medicare and Medicaid Services added coverage of US$ 10,122.0 for outpatient total knee replacement procedures. The growing government initiatives will encourage the healthy growth of the market during the forecast period. The growing surgeries for knee replacement will impel companies to introduce innovative products for the prevailing incidents.
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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
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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