Press release
Joint Replacement Device Market Report 2019: By Size, Trend, and Industry Top Key Participant - B. Braun Melsungen AG, Stryker, AK Medical Holdings Limited Forecast to 2024
Joint Replacement Device Market
Joint replacement is the process of replacing a damaged joint with an artificial. Joint replacement operation differs according to the joints involved, the reason for replacement and the kind of artificial joints used. Various kind of joint diseases like osteoarthritis and inflammatory arthritis lead to joint replacement. These operations are done to relieve severe pain and reduced mobility of advanced arthritis, particularly osteoarthritis. Robotic-assisted surgeries and technological advancements have played a principal role in industry growth during the recent years
Global Joint Replacement Market Growth Analysis:
The global joint replacement market is estimated and forecasted in terms of revenue (USD million) generated by the market. In the future, the joint replacement market growth is predicted to boost due to increasing technological advancement in the surgical field, increasing number of aging population and rising numbers of the chronic medical condition such as osteoarthritis, inflammatory arthritis, trauma or injury and cancer in or near a joint. However, the excessive cost associated with the joint replacement surgeries and lack of trained and expert & surgeons are the major factors hindering the growth of the market.
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The Report Analyses the Global Joint Replacement Market Based On Type:
Knees replacement, hip replacement, ankle replacement, shoulder replacement, and others. Others including finger and hand replacement. The knee and hip replacements are two of the most common and successful surgical procedures performed today, Moreover, the Knee replacement segment accounted for the largest share in the global joint replacement market in 2017. The largest share is attributed to the rising incidences of physical injuries, advances in the medical technologies and its rising demand in the developing economies
The Joint Replacement Market Is Segmented By End User:
Hospitals, orthopedic centers, and ambulatory surgery center. The hospital segment accounted for the highest share in terms of value and is expected to grow at the highest CAGR during the forecast period. Factors such as the rising number of patients in the hospitals and the considerable number of facilities offered in the hospitals are the major factors contributing to the growth of hospital segment during the projected period.
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The Joint Replacement Market Is Segmented By Geography:
The global joint replacement market is studied across the countries of key regions such as North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share in 2017, owing to the presence of developed and well-established health care system in the region. However, Asia Pacific is anticipated to grow at highest CAGR during the projected period owing to government initiatives, high investments in the healthcare sector, improving healthcare infrastructure in India and China and increasing demand in countries, such as India, China, and Japan
Some of The Key Participants of The Global Joint Replacement Market Are:
B. Braun Melsungen AG, Stryker, AK Medical Holdings Limited, Mindray, Corin, Mathys AG Bettlach, Smith & Nephew, Waldemar LINK GmbH & Co. KG, Medacta International, Exactech, Inc, DePuy Synthes, Zimmer Biomet, Johnson & Johnson Services, Inc. Key players in the global joint replacement market are focusing on expansions, acquisitions, agreements and investments as their major growth strategies, to enter new untapped markets, consequently increasing their respective market shares.
Key Questions Answered in Report: –
•What is the future scope of the global Joint Replacement Market up to 2024?
•What are the challenges to market growth?
•Who are the key vendors in the global Joint Replacement Market?
•What will the market size and the growth rate be in 2024?
•What are the key market trends impacting the growth of the global Joint Replacement Market?
Browse Related Reports:
Cardiac Implants Market Report @ https://axiommrc.com/product/1735-joint-replacement-market-report/
About Us:
Axiom Market Research & Consulting™, a global market research firm driven with a simple aim of providing key actionable data to companies for taking informed business decisions pertaining to their marketing strategy, investments, new product launch, market competition etc.
Our creative research approaches help us to extract, analyze and compare markets along with peer markets, main or parent market, application, and end-user industries, competitive landscape, and qualitative figures to arrive at market numbers. Backed by a team of experienced analyst, who has worked with leading research firms and delivered the number of Market research projects globally, Axiom Market Research & Consulting is able to cater to all market research and business consulting requirements.
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Manish Shelar
Telephone: +1 (845) 875-9786
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