Rising incidence of osteoarthritis and arthritis globally is a major factor influencing market growth.Market Size – USD 18.23 billion in 2018, Market Growth – CAGR of 4.6%, Market Trends –Rise in obese population, increase in unhealthy eating habits which in turn result in obesity which tend to develop knee, and hip replacement surgeries
The Artificial Joints Market is expected to reach USD 26.39 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the growing geriatric population, increasing incidence of osteoarthritis and arthritis which are expected to further accelerate the market growth globally. Based on statistics, rising obese population, increase unhealthy eating habits which in turn result in obesity which tend to develop knee, and hip replacement surgeries are also some of the factors that help to grow the size of the global market.
Osteoarthritis is one of the leading diseases in advanced countries. It is also found in adults younger than age 60, who had to undergo total knee and hip replacement surgeries, are providing the market growth in many developed countries. The artificial joint, also known as prosthesis, is a device that is surgically implanted to replace a natural bone to correct joint abnormalities and to improve joint function. The global artificial joints market is segmented on the material used such as oxinium, ceramic, alloy, and other materials. In recent years, artificial joints have gained popularity, and it is anticipated to grow further during the forecast period. Factors such as the decreased risk of chemical inertness, resistance to corrosion, osteolysis, non-allergic properties, and biocompatibility would drive the market growth of the market.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1345
The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Aesculap AG, Biomet, Inc., Depuy Synthes (Johnson & Johnson), DJO Global, Inc., Exactech, Inc., Globus Medical, JRI Orthopaedics, Medtronic, Inc., NuVasive, Inc., AK Medical, SAMO, Smith & Nephew, Stryker Corp., Arthrex, Zimmer Holdings.
On basis of product types and application offered by the Artificial Joints industry, the market is segmented into:
Material Outlook (Revenue, USD Million; 2017-2027)
- Cobalt-chromium alloys
- Titanium alloys
End User Outlook (Revenue, USD Million; 2017-2027)
- Prosthetics clinics
- Rehabilitation centre
Application Outlook (Revenue, USD Million; 2017-2027)
- Hip and knee
To know more about the report @ https://www.reportsanddata.com/report-detail/artificial-joints-market
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Artificial Joints market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Benefits of Artificial Joints Market Report:
- Panoramic overview of the opportunities and risks in the Artificial Joints sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Artificial Joints industry
- In-depth assessment of the competitive landscape of the key players of the Artificial Joints industry
- Analysis of the Artificial Joints market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1345
Thank you for reading our report. For customization or further inquiry, please get in touch with us. Our team will ensure the report is tailored according to your requirements.