Press release
Artificial Joints Market Outlook to 2025 - Medtronic, Exactech, Inc., B. Braun Melsungen AG, JRI Orthopaedics Limited, DJO, LLC, SAMO
In North America, US is expected to hold a significant share in the artificial joints followed by Canada. Key factors driving the market growth are extensive research and development activities for the development of new products and growing number of manufacturers and distributors of orthopedic products in these countries. Asia Pacific is expected to grow exponentially in coming years for artificial joints. The exponential growth of orthopedic procedures and high prevalence of osteoarthritis are the major factors is expected to drive the growth of this market during the forecast period.Joint replacement is one of the most popular orthopedic procedures undergone by the patients suffering from severe joint pains or dysfunction in surgical centers and hospitals. Osteoarthritis, rheumatoid arthritis or post-traumatic arthritis are the key indications for joint replacement. Artificial joints are used in joint replacement procedure to replace the damaged or disease joints. These products are made up of various materials such as ceramics and alloys.
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Leading Artificial Joints Market Players:
1. Zimmer Biomet
2. DePuy Synthes
3. Smith & Nephew
4. Stryker
5. Medtronic
6. Exactech, Inc.
7. B. Braun Melsungen AG
8. JRI Orthopaedics Limited
9. DJO, LLC
10. SAMO
The growth of artificial joints market is attributed rising geriatric population, ever increasing prevalence of orthopedic diseases such as osteoarthritis and growing popularity of joint replacement surgery. New product launches by market players and technology development in orthopedic sector are anticipated to offer growth opportunities during the forecast period.
The global artificial joints market is segmented on the basis of type, material, application, and end user. Based on type, the market is segmented into cemented joints and non-cemented joints. On the basis of material, the market is segmented into ceramics, alloys, oxinium, and others. On the basis of application, the market is segmented into artificial joints of knee, artificial joints of hip, artificial joints of shoulder, and others. On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers and others.
The artificial joints market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The artificial joints market report also includes the profiles of key artificial joints manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
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