Upgradation in Healthcare IT Infrastructure To Drive The Small Joint Replacement Market

Small Joint Replacement Market 2022-2027

The Small Joint Replacement Market is all set to go great guns in the forecast period. Big data makes way for real-time data visualization, thereby identifying the high-risk populations. Healthcare organizations are into sharing more data. This creation and collection of bigger datasets are likely to increase precision and help organizations in spotting trends. These trends are expected to keep the entire healthcare vertical on the toes.

While road accidents are projected to become the seventh leading cause of death by the end of 2030, WHO also points to a growing number of traumatic instances due to road accidents. On the other side, ASIRT (the Association of System Integrators and Retailers in Technology) says that road accidents injure approximately 50 million people, yearly - translating into severe orthopedic injuries.

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In addition, accidents in the field of athletics lead to major or minor orthopedic injuries. Small joint injury forms a major part of the total orthopedic injury scenario, thereby generating the need for small joint replacement therapies.

A few more factors that play an important role in raising the demand for small joint replacement include aging, severe calcium deficiency, a growing number of low bone density cases, and increasing instances of arthritis and osteoporosis.

Key Players:

The report has profiled some of the important players prevalent in the global like - Johnson & Johnson Services Inc, Zimmer Biomet Holdings, Stryker Corporation, Smith & Nephew, Wright Medical Group N.V., Integra LifeSciences, Evolutis Group, Corin Group, KeriMedical SA, and Marle SA and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Small Joint Replacement Market.               

PMR Projects a Healthy Growth Outlook for Small Joint Replacement Market

Persistence Market Research recently published a new study on the global small joint replacement landscape, according to which the favorable reimbursement scenario continues to play a pivotal role in propelling the adoption of small joint replacement therapies.

According to the PMR report, the global revenue of small joint replacement market is likely to approach the valuation of US$ 455 million in 2019, at the projected year on year growth of over 6%. Leading companies operating in the global competitive landscape of small joint replacement market are currently focusing on product innovation, strategic collaborations, and geographical market expansion, says the report.

"Small joint replacement therapies come with a set of risks, including loosening of implants, wearing or fracturing over the time, stiffness of joints in the vicinity of operated area, possible internal infection, implant failure leading to severe pain, artificial joint dislocation, and blood vessel or nerve damage. However, reduced hospital stay and faster recovery post the minimally invasive surgical procedure involved in small joint replacement therapies will continue to compel patients to opt for small joint replacement surgeries, boosting the global market growth at a promising pace," explains a senior research analyst at the company.

Unlike conventional orthopedic surgeries that involve a high infection risk and lengthy recovery time, small join replacement is minimally invasive and thus allows relatively faster recovery and a negligible risk of acquiring infections. Moreover, as small joint replacement is conducted through a small incision, the procedure is relatively cost effective.

Functional Advantages Boost Adoption of Small Joint Replacement

As indicated by the report, this growth is predominantly supported by the growing sophistication of healthcare sector, augmenting investments in healthcare, pharma, and medicine, increasing affordability of surgical procedures, and the considerably improving reimbursement scenario.

Technologically advanced small joint implants are tested and reliable, and are designed to last for a long period of time. Materials used in the manufacturing of small joint implants are consistently witnessing innovation to deliver an improved performance.

The report states that the highly sought after advantages of small joint replacement therapies over conventional orthopedic surgical procedures will continue to be the strongest driving force for growing adoption worldwide.

3D Printed Implants to Accelerate Small Joint Replacement Adoption

Surpassing the innovation of small joint artificial implants made from an extensive range of biomaterials, manufacturers are rapidly shifting to creating personalized small joint replacement implants through the incorporation of 3D printing technology.

While 3D printing has been a breakthrough innovation for the orthopedic implants sector, increasing adoption of 3D printed implants is signifying their potential applicability in orthopedics. Patient-specific 3D printed small joint replacement implants is projected to mark the future of small joint replacement therapies landscape, projects research.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Small Joint Replacement Market Manufacturers 
Small Joint Replacement Market Distributors/Traders/Wholesalers 
Small Joint Replacement Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in the Small Joint Replacement Market Report

How is the Small Joint Replacement Market expected to grow over the projected period?

What direction is the Small Joint Replacement Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Small Joint Replacement Market in future?

What are the key market drivers in the Small Joint Replacement Market?

What are significant opportunities and improvement areas for Small Joint Replacement Market manufacturers?

What are the key developments and trends taking over the Small Joint Replacement Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Small Joint Replacement Market?  

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This release was published on openPR.