Hip and Knee Orthopedic Surgical Implants Market Analysis Till 2022: Radiant Insights

Jan 26, 2016, 05:00 ET from Radiant Insights

SAN FRANCISCO, California, January 26, 2016 /PRNewswire/ --

Orthopedic surgical implants help replace deteriorated joints. This deterioration could be due to various causes like disease, aging, injury or osteoarthritis. This is especially common in geriatric populace. Orthopedic surgical implants relieve pain, restore movement and offer stability to the patients. Hip and knee replacements are the most common orthopedic implants. Reconstructive surgery of the joints is performed to modify the affected area in order to implant one or more manufactured components. It could involve the usage of bone cement. Main reconstructive surgeries involve joints.

Browse full research report with TOC on "Hip and Knee Orthopedic Surgical Implants Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022" at: http://www.radiantinsights.com/research/hip-knee-orthopedic-surgical-implants-market

Global market for hip and knee orthopedic surgical implants was valued at USD 17 billion in 2015. It is projected to grow to USD 33 billion by 2022. Demand will be driven by growing geriatric population across the world. Over 324,000 people underwent total hip replacement surgery in 2015, in the U.S. itself. This has been possible due to technological advancements over a period of time. Computer-assisted total hip replacement, a recent development, has revolutionized the total hip replacement surgery procedure.

However, reduced reimbursements by insurance companies are adversely affecting market growth. This is forcing cost-cuts across the supply chain. Manufacturers of orthopedic implants provide medical instruments that are used by orthopedic surgeons while performing surgeries. The choice of implant by a surgeon depends on his/her expertise with a particular implant, the diagnosed condition, and the fitment of the chosen implant with the patient. Often, surgeons pick devices that have the highest success rate.

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