According to the report analysis, ‘Major Orthopedic Joint Replacement Implants Global Market Opportunities And Strategies To 2022 Including: Knee Replacement Implants and Hip Replacement Implants Covering: Zimmer Biomet, DePuy Synthes, Aesculap, Exactech, Stryker, Smith & Nephew, DJO Global, Corin Orthopedics’ states that some of the major key players are recently working in this domain for dominating the highest share in the global market of major orthopedic joint by defeating the growing demand of potential buyers include Changzhou Meditech Trading Co., Ltd, Suzhou SunanZimmered Medical Instrument Co. LTD, Changzhou Waston Medical Appliance Co., Ltd., Narang Medical Limited, Atlas Surgical, Auxein Medical, Sharma Orthopedic Medical Pvt. Ltd., Teijin Nakashima Medical Co, Seikagaku Corporation, Anatomics, SignatureOrtho, Johnson and Johnson, Stryker Corporation, Zimmer Biomet, Medtronic, Arthrex, NuVasive, Inc., Globus Medical Inc., the Wright Medical Group Inc., Smith & Nephew, aapImplantate AG, Waldemar Link GmbH & Co. KG, Amplitude SAS and Corin Group PLC, Neoortho, Amplitude Ortho, Cremer S. A., Beznoska Company Ltd, Sanatmetal Ltd, Medin, a.s., Shaarani Group, Babil Medical Equipment, BSN Medical SA, Corin South Africa, GE Healthcare, Draegerwerk AG, ResMed Inc., and Smiths Medical. Whereas, the main key players in this market involve DepuySynthes, Zimmer and Biomet, Stryker, Smith & Nephew, and Aesculap. Zimmer and Biomet employed 27.8% of the USD 16.6 billion markets, in 2017.
The category of medical devices in the healthcare industry is gaining more attention because of the extensive development in the technology of treatment. In addition, the major orthopedic joint replacement implants market involves used in knee and hip replacement surgical processes. Whereas, the hip and knee joints are affected by common disease conditions such as osteoarthritis, obesity, injuries, rheumatoid arthritis, and post-traumatic arthritis. In 2017, the knee replacements implants were the highest sector in the global major orthopedics joint replacements implants market, registering for 53.4% of the market. In the recent trend, the increasing prevalence of these disease conditions has led to increases in hip and knee joint replacement surgeries. The key players are also adopting the effective technologies for doing the operative treatment at a reasonable cost which is beneficial for acquiring the highest share across the globe and lead the market more actively. Whereas, the activeness of key players is playing a significant role in making the market more competitive.
On the basis of geography, the market has been spread across the globe which majorly includes some specific regions such as Asia Pacific region, North America, Western Europe, South America, Eastern Europe, Middle East, Africa and rest of the world. For instance, in 2017 the market of major orthopedic joint replacement implants across the globe was worth at USD 16.6 billion. With the contribution of rising prevalence of chronic diseases such as arthritis and obesity, increasing geriatric population with the significant increase in the awareness related to the importance of joint replacement surgeries the market of this is anticipated to grow from USD 16.6 billion in 2017 to USD 20.1 billion in 2022 at a CAGR of 3.9%.
The North America market in this has the largest share across the globe which recently accounts for 53.7% of the global major orthopedic joint replacement implants market. Whereas, until 2022, India, China, Brazil, and Japan are forecasting the fastest growth in the market across the globe. Additionally, in the coming years, it is expected that the global market of the major orthopedic joint will grow significantly with the increasing awareness and importance of joint replacement surgeries.
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