U.S. Orthopedic Joint Replacement Devices Market Global Analysis, size and Major Players Operating in Industry Includes DePuy Orthopaedics, Inc./Johnson & Johnson, Smith & Nephew PLC, LifeSciences Corporation, Stryker

Optima Insights offers a latest report on “Orthopedic Joint Replacement Devices Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report presents current market analysis, upcoming as well as future opportunities, revenue growth, pricing and profitability. The report contains basic, secondary and advanced information pertaining to the Orthopedic Joint Replacement Devices Market status and trend, size, share, growth, trends, segment and forecasts from 2018 - 2023.

According to Optima Insights, the U.S. Orthopedic Joint Replacement Devices Market is estimated to be valued at US$ 10.7 billion in 2017 and is projected to exhibit a CAGR of 5.79% over the forecast period (2019 – 2023).

Key Trends and Analysis of the U.S. Orthopedic Joint Replacement Devices Market:

Orthopedic Joint replacement surgery removes damaged or diseased parts of a joint and replaces them with new joint replacement devices. Major market consists of Hip and knee joint replacements. Other joints that can be replaced include the shoulders, fingers, ankles, and elbows, among others.

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From past couple of years, the manufacturer shave developed innovative metals and plastics that make the joint replacement more durable, dependable and long lasting. Technologically advances in joint replacement such as 3D planning and 3D printing,material, and robotic assisted joint replacement surgeries has improved the patient’s life and enhanced the market growth. 3D planning and 3D printing prosthesis has important applications in case of complex joint and bone condition where the shape and size is different. The technology enhances the accuracy and precision in the alignment and placement of the joint implant.

Thepotential risks and complications of total joint replacement, during and post-surgery are surgery infection, blood clots, nerve injury, and prosthesis problems leading to loosening or dislocation.
In March 2017, According to The Centers for Disease Control and Prevention announced data estimates that around 54.4 Mn U.S. adult’s population suffer from arthritis which is equating to about 25% of the total U.S. population. Arthritis is the leading cause of disability, and causes pain, aching, stiffness, and swelling of the joints.

An estimated 4.7 million Americans have undergone total knee arthroplasty and 2.5 million have undergone total hip arthroplasty and are living with implants. Prevalence is higher in women than in men, 3 million women and 1.7 million men are living with total knee arthroplasty, and 1.4 million women and 1.1 million men are living with total hip arthroplasty. Prevalence increases with age. In adults ages 80 to 89 years, about 6 percent and 10 percent have a history of total hip and knee replacement.

OrthopedicJoint Replacement Devices Market is expected to increase significantly over the forecast period with increase in geriatric population, joint related fractures due to road accidents and falls.In United States the doctor-diagnosed arthritis cases are expected to increase by 75.8 million by 2030. Also, according to The Joint Commission’s Sentinel Event database there are thousands of fall cases in hospitals yearly, which results to more than 45-50% of cases into sever injury.

Key Market Takeaways:

• The U.S. Joint Replacement Devices Market is expected to exhibit a CAGR of 5.8% during the forecast period (2019 – 2023), increasing geriatric population, rising prevalence of chronic diseases such asarthritis,increasing awareness about the importance of joint replacement surgeries.
• The major orthopedic joint replacement market consists ofhip and knee surgical procedures. Replacements of hip and knee joints are carried out in patients suffering from chronic pain and dysfunction of hip and knee joints.

• A few key competitors operating in the U.S. Joint Replacement Devices market includesDePuy Orthopaedics, Inc, Smith & Nephew PLC, Integra LifeSciences Corporation, Stryker Corporation, Tornier, Inc., Zimmer Holdings, Inc., Wright Medical Group, Inc., Aesculap Implant Systems, LLC (a B. Braun company), Mako Surgical Corp, Exactech Inc., Arthrex, Inc., DJO Surgica – Encore, ConforMIS and Medtronic Inc.

• Optima Insights has a geographical/regional coverage on five major regions, include, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. This extensive regional coverage also deep dives into major 26 countries, include, U.S., Canada, Brazil, Mexico, Argentina, Rest of Latin America, U.K., Germany, France, Italy, Spain, Russia and Rest of Europe, India, China, Japan, Australia, South Korea, Australia, ASEAN, Rest of Asia Pacific, Israel, GCC, Rest of Middle East, North Africa, Central Africa and South Africa.

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