Knee and Hip Replacements Market Growing at 5.5% CAGR to 2021

07 Jun, 2016, 08:30 ET from ReportsnReports

PUNE, India, June 7, 2016 /PRNewswire/ --

According to newly published report "Global Knee and Hip Replacements  Market (By Type, By Material, By Fixation Procedure, By Approach): Opportunities and Forecasts (2016-2021)", this industry is forecasted  to grow at a CAGR of 5.5% during 2016 - 2021F, on account of rising baby boomers population and the growing awareness about the Orthopaedic treatments. With rising per capita healthcare expenditure in emerging markets, on account of the increasing focus on healthcare among the population, where Orthopaedic care tends to gain focus given the active lifestyles and increasing health problems like obesity, the Knee and Hip Replacements market is anticipated to grow at a higher rate. 

Complete report Knee and Hip Replacements Market spread across 156 pages, analyzing 10 companies and provides 102 data figures is now available at http://www.reportsnreports.com/reports/586211-global-knee-and-hip-replacements-market-by-type-by-material-by-fixation-procedure-by-approach-opportunities-and-forecasts-2016-2021-by-type-total-knee-hip-replacement-partial-knee-hip-replacement-revision-knee-replacement-hip-resurfacing-by-material-metals-ceramics-plastics-by-procedure-cementless-fixation-cemented-fixation-hybrid-fixation-by-approach-direct-anterior-approach-anterolateral-approach-posterolateral-approach-by-country-usa-uk-germany-india-china-.html

While awareness for knee and hip replacement procedures is high due to the increasing support from various othopaedicians mainly in regions such as North America and Europe, thereby, having higher number of procedures, markets in emerging economies such as Asia Pacific and Latin America are expected to facilitate growth in coming years.

While adoption for knee and hip replacements has been contributed by the improved technology, they are viewed as a cosmetic procedure, and hence, coverage of costs under health insurance remain limited which poses itself to be a challenge among the population due to its costly procedures.

The report "Global Knee and Hip Replacements Market (By Type, By Material, By Fixation Procedure, By Approach): Opportunities and Forecasts (2016-2021)'’ has analysed the potential of Global Knee and Hip Replacements Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global knee and hip replacements market. Additionally, the report also highlights market entry strategies for various companies across the globe. Order a Copy of Report at http://www.reportsnreports.com/purchase.aspx?name=586211

The report provides coverage by Types, Material, Fixation Procedures and By Approach:

By Knee Replacement Type: Total Knee Replacement, Partial Knee Replacement and Revision Knee Replacement. By Hip Replacement Type: Total Knee Replacement, Partial Knee Replacement and Hip Resurfacing. By Knee Replacement Material: Metals, Ceramics, and Plastics. By Hip Replacement Material: Metal or ceramic on polyethylene, Metal-on-metal, Ceramic on ceramic, Ceramic on Metal. By Knee and Hip Fixation Procedure: Cemented, Cement less, Hybrid Fixation. By Hip replacement Approach: Direct anterior approach, Anterolateral approach, Posterolateral approach.

Company Profiled in the Knee and Hip Replacements Market 2016-2021 report are Wright Medical Group., Smith & Nephew plc., Stryker Corporation, Zimmer Biomet Holdings Inc., Johnson & Johnson, Medtronic PLC, Exactech Inc., Think Surgical, Inc., Acumed and Mathys Ltd Bettlach.

Another related report is Hip and Knee Orthopedic Surgical Implants Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022, which says worldwide market for hip and knee orthopedic surgical joint replacement products is $16.7 billion anticipated to reach $33 billon by 2022. The complete report provides a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players' success, challenges, and strategies in each segment and sub-segment. The reports cover markets for knee and hip Implant orthopedic surgery medical specialties and sub-specialties.

The market leaders are Johnson & Johnson / DePuy Synthes, Stryker, Smith & Nephew and Zimmer Biomet. Other market participants are also listed. Complete report is available at http://www.reportsnreports.com/reports/461919-hip-and-knee-orthopedic-surgical-implants-market-shares-strategies-and-forecasts-worldwide-2016-to-2022.html

Explore other new reports on medical devices market at http://www.reportsnreports.com/market-research/medical-devices/

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