The Global Joint Replacement Market is expected to grow at a CAGR of around 4% from 2021-2027.
A comprehensive overview of the joint replacement market is recently added by UnivDatos Market Insights to its humongous database. The joint replacement market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the joint replacement market. The joint replacement market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the joint replacement market at the global and regional levels. The Global Joint Replacement Market is expected to grow at a CAGR of around 4% from 2021-2027.
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Market Overview
According to the United Nations, the global population aged 60 years or over was numbered 962 million in 2017 and is expected to reach nearly 2.1 billion by 2050. This rapidly growing geriatric population base is an indication of the growing prevalence of various age-related diseases including orthopedic diseases such as osteoporosis, osteoarthritis (OA), and lower extremity conditions. Owing to this, there is an increasing number of joint replacement surgeries which in turn is boosting the joint replacement market across the globe. Moreover, the presence of a vast majority of the global industry players and the surge in healthcare expenditure are some of the other prominent factors due to which the joint replacement market is expected to grow at an exponential rate in the upcoming years.
COVID-19 Impact
The COVID-19 pandemic has provided tremendous research resources while also highlighting the threat of deadly epidemic-prone diseases worldwide. The COVID-19 pandemic has significantly affected the joint replacement market owing to the postponement and delays in elective surgeries.
Global joint replacement market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily fragmented into
· Knee Replacement
· Hip Replacement
· Ankle Replacement
· Elbow Replacement
· Others
Amongst Type, the knee replacement segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly in the forthcoming years.
By Fixation Type, the market is primarily segmented into
· Cemented
· Cementless
· Hybrid
By fixation type, the cemented segment grabbed a substantial market share of the joint replacement market and is expected to grow considerably during the projected timeframe.
By End-Users, the market is primarily segmented into
· Hospitals
· Orthopedic Clinics
· Others
Amongst End-Users, the hospitals segment captured a major market share in 2020 and is expected to grow significantly by 2027. However, orthopedic clinics are also likely to witness lucrative growth during the forecast period.
Joint replacement Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and Rest of Asia-Pacific)
· Rest of the World
Geographically, the North America region dominated the joint replacement market in 2020 owing to the well-established market players in the region.
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The major players targeting the market includes
· Stryker Corporation
· Zimmer Biomet Holdings, Inc.
· Depuy Synthes (Johnson & Johnson)
· Smith & Nephew
· B. Braun Melsungen AG
· Wright Medical Group
· Corin Group
· MicroPort Orthopedics
· Exactech, Inc.
· DJO, LLC
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the joint replacement market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the joint replacement market?
• Which factors are influencing the joint replacement market over the forecast period?
• What are the global challenges, threats, and risks in the joint replacement market?
• Which factors are propelling and restraining the joint replacement market?
• What are the demanding global regions of the joint replacement market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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Table of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL JOINT REPLACEMENT MARKET COVID-19 IMPACT
6 GLOBAL JOINT REPLACEMENT MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY FIXATION TYPE
9 MARKET INSIGHTS BY END-USERS
10 MARKET INSIGHTS BY REGION
11 ORTHO11 JOINT REPLACEMENT MARKET DYNAMICS PEDIC NAVIGATION SYSTEMS MARKET DYNAMICS
12 JOINT REPLACEMENT MARKET OPPORTUNITIES
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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