Orthopedic Joint Replacement Market by Top International Players | Integra LifeSciences, Johnson & Johnson Services, Inc., MicroPort Scientific Corporation Others Forecast to 2026

Orthopedic Joint Replacement Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027. The global orthopedic joint replacement market size is poised to reach USD 26,967.9 million by 2026, exhibiting a CAGR of 5.1% during the forecast period. Combined rise in the incidence of osteoarthritis and geriatric population in the world will be the key force behind the growth of this market. Osteoarthritis is a lifelong condition that emerges when the cartilage in the joints deteriorates and causes bones to rub together, leading to stiffness and pain in those areas. It mainly hits people over 60 years of age. According to the World Health Organization (WHO), by 2050, over 130 million people in the world will be suffering from osteoarthritis, 40 million of whom will be severely disabled from the disease.

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Leading Players operating in the Orthopedic Joint Replacement Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Integra LifeSciences
Johnson & Johnson Services, Inc.
MicroPort Scientific Corporation
Braun Melsungen AG
Zimmer Biomet
Conformis
Wright Medical Group N.V.
Smith & Nephew
Fortune Business Insights, in its report, titled “Orthopedic Joint Replacement Market Size, Share and Industry Analysis By Product (Knee, Hip, Shoulder, Ankle, Others), By Procedure (Total Replacement, Partial Replacement, Others), By End User (Hospital, Ambulatory Surgical Centers, Orthopedic Clinics, Others), and Regional Forecast 2019-2026”, pegged the market value at USD 19,051.2 Million in 2018. Within the report is also contained a comprehensive evaluation of the future prospects, plausible trends, and a variety of other factors that will influence the market during the forecast period.

Increasing Application of Robotics in Surgical Procedures to Redefine Contours of the Market

Robotic surgeries are becoming increasingly popular in the medical field. Joint replacement is one of the most prominent areas where procedures using robots are performed. In fact, cases where total knee replacement is required, such as in cases of severe stiffness or deformity, doctors are actively suggesting surgeries through robotic technology. This judgement is based on the sound knowledge and awareness of the benefits that this technology promises to the patients. For example, robot-powered surgery is more accurate in placement of implants, thereby lessening the discomfort of the patient post-surgery. Due to its high precision quotient, the likelihood of adjacent tissues getting damaged is negligible. Lastly, surgical procedures that are robot-assisted are known to be minimally invasive in nature as they make smaller incisions, thus speeding up the recovery process. Rising awareness about these advantages will accelerate the orthopaedic joint replacement market growth.

Key Segmentation:

By Product

Knee
Hip
Shoulder
Ankle
Others
By Procedure

Total Replacement
Partial Replacement
Others
By End User 

Hospital
Ambulatory Surgical Centers
Orthopedic Clinics
Others
By Geography

North America (USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
High Demand for Joint Implants to Drive the Market in North America

Revenue-wise, North America is anticipated to lead the global orthopaedic joint replacement market share, since the region generated USD 6,885.9 million in 2018. This is primarily owing to the escalating demand for joint implants, an efficient health insurance system, and a rising preference for joint replacement in outpatient settings in the region. Increase in the number of domestic producers will fuel the market in Europe, making it the second largest stakeholder in terms of revenue. The orthopaedic joint replacement market forecast shows that Asia-Pacific will register the highest CAGR due to the growing incidence of osteoarthritis, strong government initiatives, and increasing acceptance of modern orthopaedic solutions.

Table of Content:

1 Orthopedic Joint Replacement Market Overview

1.1 Orthopedic Joint Replacement Product Overview

1.2 Orthopedic Joint Replacement Market Segment by Type

1.3 Global Orthopedic Joint Replacement Market Size by Type (2015-2027)

1.3.1 Global Orthopedic Joint Replacement Market Size Overview by Type (2015-2027)

1.3.2 Global Orthopedic Joint Replacement Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Orthopedic Joint Replacement Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Orthopedic Joint Replacement Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Orthopedic Joint Replacement Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Orthopedic Joint Replacement Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Orthopedic Joint Replacement Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Orthopedic Joint Replacement Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Orthopedic Joint Replacement Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Orthopedic Joint Replacement Sales Breakdown by Type (2015-2027)

1.4.2 Europe Orthopedic Joint Replacement Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Orthopedic Joint Replacement Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Orthopedic Joint Replacement Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Orthopedic Joint Replacement Sales Breakdown by Type (2015-2027)

2 Global Orthopedic Joint Replacement Market Competition by Company

2.1 Global Top Players by Orthopedic Joint Replacement Sales (2015-2021)

2.2 Global Top Players by Orthopedic Joint Replacement Revenue (2015-2021)

2.3 Global Top Players Orthopedic Joint Replacement Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company Orthopedic Joint Replacement Manufacturing Base Distribution, Sales Area, Product Type

2.5 Orthopedic Joint Replacement Market Competitive Situation and Trends

2.5.1 Orthopedic Joint Replacement Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by Orthopedic Joint Replacement Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Orthopedic Joint Replacement as of 2019)

2.7 Date of Key Company Enter into Orthopedic Joint Replacement Market

2.8 Key Company Orthopedic Joint Replacement Product Offered

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