Orthopedic Joint Replacement Market size was USD 20.00 billion in 2019 and is projected to reach USD 26.89 billion by 2027, exhibiting a CAGR of 7.6% during the forecast period. Report segments Orthopedic Joint Replacement Market size was USD 20.00 billion in 2019 and is projected to reach USD 26.89 billion by 2027, exhibiting a CAGR of 7.6% during the forecast period.
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Some of the prominent manufacturers that are present in the Orthopedic Joint Replacement market include:
Abbott (Lake Bluff, U.S.), B. Braun Melsungen AG (Melsungen, Germany), Dexcom, Inc. (San Diego, U.S.), Ascensia Diabetes Care Holdings AG (Basel, Switzerland), Medtronic (Dublin, Ireland), F. Hoffmann-La Roche Ltd (Basel, Switzerland), Terumo Corporation (Tokyo, Japan), LifeScan, Inc. (Malvern, U.S.), Senseonics, Inc. (Germantown, U.S.).
Global Orthopedic Joint Replacement Market Insights:
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.
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 report offers informative insights into all the prevailing trends of the Orthopedic Joint Replacement market size. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market. Orthopedic Joint Replacement market report is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a clear picture of the market size. Moreover, it also includes product launches, acquisitions, collaborations and partnerships, and innovations and industry developments.
Furthermore, the shoulder segment is predicted to account for the lion’s share during the forecast period. The rising emphasis on the development of innovative shoulder implants by key manufacturers will accelerate the segment’s growth. The surge in the number of shoulder replacement surgeries can be a vital factor in propelling the growth of the market. In addition, the rising acceptance of joint replacement solutions by orthopedics will consequently create opportunities for the market in the forthcoming years.
Market Segments Analysis:
On the basis of product, the market is categorized into knee, hip, shoulder, ankle, and others. The knee segment dominated with a share of 42.5% in 2019. The increase in the number of knee replacement procedures, robotic-assisted knee replacement surgeries, and launch of products such as ATTUNE Revision Knee System, Persona Partial Knee System, JOURNEY II XR Total Knee by key manufacturers are the factors responsible for the estimated growth in the knee segment during the forecast period.
The shoulder segment is projected to register a CAGR of 7.7% owing to the shifting focus of manufacturers towards shoulder implants. Also, the rapid increase in the number of shoulder replacement surgeries performed globally is anticipated to boost the sales of shoulder implants during the forecast period.
Regional Market Overview:
The market in North America is likely to account for the lion’s share during the forecast period owing to the rising demand for joint implants. The favorable reimbursement policies along with rising replacement surgeries in outpatient settings will contribute to the growth of the market in North America. Europe is expected to rise tremendously during the forecast period owing to the growing number of joint replacement procedures.
The emergence of domestic manufacturers will have a positive impact on the European market. Asia Pacific is likely to witness an exponential growth rate due to the increase in orthopedic clinics. The rapid adoption of orthopedic products and active government support will encourage growth in the region. Nonetheless, the growing incidence of osteoarthritis in patients will promote the growth of the market in the region. In addition, the rising geriatric population will further enhance growth in the Asia Pacific.
Competitive Analysis:
The Orthopedic Joint Replacement Market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Key questions answered in the report:
- What will the market growth rate of the Orthopedic Joint Replacement market?
- What are the key factors motivating the Global Orthopedic Joint Replacement market?
- Who are the key companies in the Orthopedic Joint Replacement market space?
- What are the market opportunities, market risk and market overview of the Orthopedic Joint Replacement market?
- What are sales, revenue, and price analysis of top manufacturers of the Orthopedic Joint Replacement market?
- Who are the distributors, traders, and dealers of the Orthopedic Joint Replacement market?
- What are the Orthopedic Joint Replacement market opportunities and threats faced by the vendors in the Global Orthopedic Joint Replacement industries?
- What are sales, revenue, and price analysis by types and applications of the Orthopedic Joint Replacement market?
- What are sales, revenue, and price analysis by regions of Orthopedic Joint Replacement industries?
Study objectives of this report are:
- To analyze global Orthopedic Joint Replacement Schemes status, future forecast, growth opportunity, key market, and key players.
- To present the Emission Trading Schemes development in the United States, Europe, and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market, and key regions.
Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1. Prevalence of Key Indications, 2017 (Key Countries)
4.2. Economic (Key Countries)
4.3. Key Mergers and Acquisitions
4.4. Pricing Analysis, Key Players, 2017
4.5. Overview: New Developments in Orthopedic Joint Replacement
- Global Orthopedic Joint Replacement Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary
Continue…
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