Press Release

Orthopedic Joint Replacement Market to Grow Substantially in Global Region by Top Key Internationl Players Forecast to 2026

Orthopedic Joint Replacement Market by Top International Players are Integra LifeSciences, Johnson & Johnson Services, Inc., MicroPort Scientific Corporation, Braun Melsungen AG, Zimmer Biomet, Conformis, Wright Medical Group N.V., Smith & Nephew

Orthopedic Joint Replacement MarketThe 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.

Request a Sample Copy of Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/orthopedic-joint-replacement-market-100314

Fortune Business Insights covers some of the key players in the orthopaedic joint replacement market:

  • Integra LifeSciences
  • Johnson & Johnson Services, Inc.
  • MicroPort Scientific Corporation
  • Braun Melsungen AG
  • Zimmer Biomet
  • Conformis
  • Wright Medical Group N.V.
  • Smith & Nephew

This will primarily be a result of the rapid increase in the geriatric population, whose numbers are rising in tandem. The United Nations estimates that more than 20% of the world’s population will be over the age of 60 by 2050.  The cumulative effect of these developments will be an exponential rise in demand for joint implants, with total replacement surgeries leading the orthopedic joint replacement market trends.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/orthopedic-joint-replacement-market-100314

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.

More Trending Topics from Fortune Business Insights:

Hemodialysis Bloodline Systems Market Global Trends, Report Research, Top Key Players, Development, Growth, Share Forecast till 2026

Medical Wearables Market to Grow with Increasing Demand for Efficient Health Monitoring Systems: Fortune Business Insights

Animal Sedatives Market Global Key Leaders Analysis, Future Trends, Gross Margin, Demands, Forecast to 2026

About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close