DUBLIN, Nov. 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/bjr3bm/indian_market_for) has announced the addition of the "Indian Market for Orthopedic Large Joint Replacement Devices - 2016 (Forecasted to 2022)" report to their offering.
The Indian orthopedic large joint market consists of the markets for hip replacement, knee replacement and bone cement. Hip and knee arthroplasty devices are primarily implanted to treat osteoarthritis. Bone cement is used to adhere cemented devices to the bone. The Indian large joint arthroplasty market is primarily characterized by its large population and particularly its large elderly population.
Average income is fairly low in the country, which reduces the number of elective procedures performed. As the country continues its fast development and as living standards rise, the large joint market is expected to grow rapidly in India.
India has one of the fastest growing large joint arthroplasty markets in the world. Their significant elderly population will continue to grow and result in more procedures and unit sales propelling the market. The fastest growing segment was bone cements, as cemented hips and knees still remain the most popular device type and will continue to do so due to the growing elderly demographic.
The Indian large joint replacement market was led by DePuy Synthes in 2015. The company, which held a 43.8% share of the market, led the hip replacement, knee replacement and bone cement markets. Other big players include Zimmer Biomet, Stryker, Smith & Nephew and many others.
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