openPR Logo
Press release

Joint Reconstruction Devices Market : Study on Top Players | Stryker, Zimmer Biomet, Medtronic Spinal, Smith & Nephew, DePuy Synthes Companies, Integra LifeSciences and Aesculap Implant Systems

12-15-2018 07:05 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Joint Reconstruction Devices Market Share - Industry Size Report 2024

Joint Reconstruction Devices Market Share - Industry Size Report 2024

Japan joint reconstruction devices market was valued around USD 858.1 million in the year 2017. A nationwide survey of the total hip fractures conducted by Japanese Orthopedic Association (JOA), found drastic increase in the number since the last decade. The rise in number of bone fractures along with increase in geriatric population will foster more opportunities for the Asia Pacific joint reconstruction devices market.

India joint reconstruction devices market is estimated to grow a 11.8% CAGR over the projection years. Total knee and hip replacement are the most common surgical procedures practiced across the world and its application is rapidly rising in India. According to the recent survey it was observed that around 70,000 joint replacement surgical procedures are carried out in India annually and expected to increase at significant rate in near future. Factors such as rising geriatric population, increase in prevalence of musculoskeletal disorders, improving healthcare infrastructure and expenditure in the country will favor the growth of joint reconstruction market in India.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2823

Prominent industry players include include Stryker, Zimmer Biomet, Medtronic Spinal, Smith & Nephew, DePuy Synthes Companies, Integra LifeSciences and Aesculap Implant Systems The industry players use new and innovative strategies such as improving their manufacturing footprint, merger and acquisition, new product launches and geographical expansion for improving their market place.

Joint Reconstruction Devices Market size is set to exceed USD 21.5 billion by 2024; according to a new research study published by Global Market Insights, Inc.

Rapid rise in number of joint replacement surgical procedures in North America will fuel the joint reconstruction devices market growth over the forecast period. As per the American Joint Replacement Registry, more than 7 million Americans have had hip or knee replacement surgery till present, accounting for almost 85% of the total joint reconstruction and replacement market. With the aging American population, the number of people suffering from arthritis is projected to increase to 67 million by 2030, that is around 25% of adult American population. Increase in number of joint reconstruction surgeries in North America will boost the regional joint reconstruction devices market growth in near future.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/2823

Increase in geriatric population in Asia Pacific countries such as India, China and Japan will augment demand for joint reconstruction devices. The Asia Pacific region is witnessing a rapid rise in the number of people over the age of 65 and require frequent use of joint reconstruction devices due to deteriorating bones and tissues. According to the World Health Organization (WHO), the average life expectancy of people is 83.7 years in Japan and 82.3 years in South Korea. Hence, with increasing geriatric population that is at a greater risk of getting affected by musculoskeletal disorders, the demand for various join reconstruction devices will rise in coming 5-7 years.

Biocompatibility issues is an increasing concern in the joint replacement surgical procedure and may contribute to the rise in failure rate of the implanted devices, therefore impeding the market growth. Biocompatibility of the implants include the way the implants initially Osseo integrate within bone, potential adverse effects of byproducts. High cases of joint reconstruction implants failure rate will decline the product demand hampering the joint reconstruction industry growth.

Hip replacement reconstruction devices market valued over USD 6.6 billion in 2017. According government statistics, the number of hip replacements surgical procedures performed in U.S. have increased substantially and have become more common in the younger population. Easier fast recovery, durability of hip replacements, cost effective way to improve the patient’s quality of life and old people’s willingness to accept the limitations accompanying arthritis will lead to growing product demand, boosting hip replacement devices market growth.

Shoulder replacement reconstruction devices market will grow at 3.6% CAGR over the projection period. According to the American Academy of Orthopedic Surgeons (AAOS), the nationwide total number of shoulder replacements increased from 18,000 to 45,000 in the last decade. The number of shoulder reconstruction surgeries have skyrocketed in United States as recent technology improvement and aging population seek to restore function and relive pain related to arthritic shoulders, propelling the industry growth.

Joint reconstruction devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Joint Reconstruction Devices Market, by Joint
• Knee Replacement
o Product
 Primary Knee Systems
 Revision Knee Systems
 Partial Knee Systems
o Component
 Femoral Component
 Tibial Component
 Patellar Component

• Hip Replacement
o Product
 Primary Hip Reconstruction Devices
 Partial Hip Reconstruction Devices
 Revision Hip Reconstruction Devices
 Hip Resurfacing Devices
o Component
 Acetabular component
 Femoral Component

• Shoulder Replacement
o Shoulder Arthroplasty Resurfacing Implants
o Shoulder Arthroplasty Trauma Implants
o Shoulder Arthroplasty Platform Implants

• Ankle Replacement
o Two-Component Fixed Bearing
o Three-Component Mobile Bearing

• Others

The above information is provided for the following regions/countries:

• North America
o U.S.
o Canada

• Europe
o Germany
o UK
o France
o Spain
o Italy

• Asia Pacific
o China
o India
o Japan
o Australia

• Latin America
o Brazil
o Mexico
o Argentina

• Middle East and Africa
o South Africa
o Saudi Arabia
o UAE

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Joint Reconstruction Devices Market : Study on Top Players | Stryker, Zimmer Biomet, Medtronic Spinal, Smith & Nephew, DePuy Synthes Companies, Integra LifeSciences and Aesculap Implant Systems here

News-ID: 1442501 • Views: 316

More Releases from Global Market Insights, Inc.

Strontium Market to see 6% CAGR till 2024 | Solvay, BassTech, Prochem, Chemalloy …
Global Market Insights, Inc. says that strontium market will reach USD 650 million by 2025. However, strong government regulations regarding air pollution may hinder market growth over the forecast timeframe. Based on product segment, the strontium carbonate segment was reported to hold over 55% of the total market share in 2017. The product is extensively used in the production of flares and fireworks. Strontium carbonate is a tasteless and odorless white
Silver nanoparticles market to grow at 12% CAGR till 2024 | Top Vendors are Amer …
Rising preference for packaged food and proliferating demand for ready-to-eat products will drive the industry expansion. It is estimated that the food & beverage application segment will contribute over USD 300 million towards silver nanoparticles market share by 2024. With metal nanoparticles setting the trend in a slew of consumer goods, such as textiles, food, pastes and soaps, silver nanoparticles have gained popularity owing to its chemical, physical and biological attributes.
COVID-19 to Impact Demand Growth of Erdosteine Market | Top Key Players are Reci …
Global Market Insights, Inc. says that the erdosteine market could surpass USD 160 million by 2025. Driven by growing occurrences of common respiratory issues like cold, bronchitis, and cough, the global erdosteine market is estimated to observe significant profits through 2025. Erdosteine has a broad range of applications in the production of drugs to ameliorate and control the symptoms that arise due to excessive mucus production, which is likely to
Hydrophobing Agents Market to gain significant revenue by 2026
Global Market Insights, Inc says that Global Hydrophobing agents market share to cross USD 1.6 billion by 2026. Driven by increasing dispersion in the construction and buildings sector, the hydrophobing agents market is projected to witness massive gains through 2026. Apart from the construction sector, the use of these chemicals in personal care industries would push its demand over the forthcoming years. The hydrophobing agents are occlusive in nature, blocking lacerations

All 5 Releases


More Releases for Devices

Anesthesia Monitoring Devices Market
Anesthesia Monitoring Devices Market was valued at USD 1035 Million in 2016 and is expected to reach USD 3272 Million by 2026, at a CAGR of 12.2%.(Detailed analysis of the market CAGR is provided in the report)Anesthesia Monitoring Devices MarketThe use of anesthesia monitoring device is to monitor a patient’s response towards anesthetic drugs during a surgery procedure. The Market for anesthesia monitoring devices primarily depends on increasing life expectancy
Global Electrosurgical Devices Market
According to a new report Global Electrosurgical Devices Market (2016-2022), published by KBV Research, the global Electrosurgical Devices market is expected to attain a market size of $5.3billion by 2022, growing at a CAGR of 6.2% during the forecast period. The Electrosurgical Instruments market dominated the Global Electrosurgical Devices Market by Product in 2015, and would continue to be a dominant market till 2022. The Argon & Smoke Management Systems market
4G (LTE) Devices Market
Persistence Market Research delivers key insights on the global 4G (LTE) devices market in a new publication titled “Global Market Study on 4G (LTE) Devices: Single Brand Store Distribution Channel Segment Expected to Witness Significant Growth Between 2016 and 2024” In terms of value, the global 4G (LTE) devices market is projected to register a healthy CAGR of 13.1% during the forecast period owing to various factors, regarding which Persistence
Aesthetic Devices-Medical Devices Pipeline Assessment 2017
ReportsWeb.com published “Aesthetic Devices-Medical Devices Pipeline Assessment 2017” from its database. The report reviews top companies involved and enlists all trials pertaining to the company. Report provides latest news for the past three months. Original Content: Publisher's Medical Devices sector report, "Aesthetic Devices-Medical Devices Pipeline Assessment, 2017" provides an overview of Aesthetic Devices currently in pipeline stage. The report provides comprehensive information on the pipeline products with comparative analysis of the products at
Neurorehabilitation Devices Industry Drivers
Neurorehabilitation Devices Market: Snapshot The market for neurorehabilitation devices holds a lot of potential, analysts have found. Already well-established markets in North America and Europe, coupled with immense growth opportunities in the emerging economies of Asia Pacific and Latin America indicate the favorable pace at which the global neurorehabilitation devices market is likely to grow over the coming years. The introduction of wearable technology and robotics has been having a tremendous
Viscosupplementation Devices – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Viscosupplementation’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Viscosupplementation market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Viscosupplementation market growth. It takes into account aspects such as drivers, restraints, challenges, and opportunities that impact