Joint replacement is a surgical procedure in which arthritic or damaged bone joint are removed and replaced with a metal, plastic or ceramic implants. The implants replicate the movement of a normal, healthy joint. Hip and knee replacements are the most common joint replacements surgeries, but replacement surgery can be performed on other joints, as well, including the ankle, wrist, shoulder, and elbow. Several conditions can cause disability and joint pain, thus leading the patients to consider joint replacement surgery. Either form of arthritis, a fracture, or any another medical condition can lead to joint replacement. Treatment of joint conditions is vital for the mobility of patients. Thus, a significant amount of investments in research and development of joint reconstruction techniques in order to develop advanced implants.
MARKET SCOPE
The "Global Joint Replacement Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the joint replacement market with detailed market segmentation by product, procedure, technique, indication, fixation type, end user, and geography. The report provides key statistics on the market status of the leading joint replacement market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? The procedure segment includes, knee replacement, hip replacement, ankle replacement, elbow replacement and others.
? The fixation type segment is further segmented into cementless, cemented, and hybrid.
? By product, the market is segmented into implants, bone grafts, and other products. The implants are further segmented into metallic, ceramic polymeric, and biomaterials. The bone grafts are categorized into allograft, and synthetic.
? The technique segment includes, traditional surgery, minimally invasive surgery (MIS), and computer-assisted surgery (CAS).
? By indication, the market is segmented into osteoarthritis, rheumatoid arthritis, hip dysplasia, orthopedic trauma, joint stiffness, and others.
? By end user, the market is segmented into hospitals, ambulatory care centers, and orthopedic centers.
MARKET DYNAMICS
Drivers:
? Rapid adoption of minimally invasive surgeries
? Technological advancement in joint replacement devices and procedures
? Growing prevalence of joint-related conditions and changing treatment approaches
? Development of robotically-assisted surgeries and bionic implants
Restraints
? High cost of joint replacement surgery
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The joint replacement market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the joint replacement market in these regions.
IMPACT OF COVID-19 ON JOINT REPLACEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the joint replacement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from joint replacement market are anticipated to lucrative growth opportunities in the future with the rising demand for joint replacement in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the joint replacement market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? ZIMMER BIOMET
? DEPUY SYNTHES
? SMITH & NEPHEW
? STRYKER
? MEDTRONIC
? EXACTECH, INC.
? B. BRAUN MELSUNGEN AG
? Waldemar link GmbH & co. Kg
? MEDACTA INTERNATIONAL
? CORIN GROUP
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