A recent report published by Infinium Global Research on artificial joints market provides an in-depth analysis of segments and sub-segments in the global as well as regional artificial joints market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional artificial joints market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global artificial joints market. According to the report, the global artificial joints market is projected to grow at a CAGR of 4.86% over the forecast period of 2019-2025.
Bone-related problems such as osteoarthritis and arthritis are increasing at a rapid rate in the elder population, a surgical approach to replace the damaged joints with artificial joints provide a better solution for such conditions. The artificial implant is made up of biological compatible material fixed into the damaged part in the body to restore the function of joints.
The number of osteoarthritis and arthritis problems in the elder population is rising by faster rate and at the same time increasing the number other bone-related problems, according to WHO by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. That is the major factor driving the artificial joints market. Moreover, increasing cases of calcium deficiency in people due to changing lifestyle and unhealthy food uptake, especially in women, are causing osteoporosis that causes the bones to become brittle is also driving the growth of artificial joints market. On the other hand, the high cost of artificial implants and the cost of the surgical procedure can hamper the growth of the market. However, new innovation to produce effective and cost-effective implant material can provide a better opportunity for the market.
Geographically, North America is anticipated to be the largest region for artificial joints market globally. Owing to advanced healthcare facilities and supporting reimbursement policies North America region dominated the global market. Presence of a major player in the market is also supporting the growth of this region. Furthermore, Europe region stays in the second position for artificial joints market. The rising aging population has led to increased Cases of osteoarthritis, rheumatoid arthritis and others that are contributing to the growth of the region. Asia-Pacific is expected to witness healthy growth in the forecast period. Presence of a large population suffering from joint related disease and developing healthcare infrastructure is contributing to the growth of the market.
The report on global artificial joints market covers segments such as material, and application. On the basis of material, the sub-markets include ceramics, alloy, oxinium, and other materials. On the basis of application, the sub-markets include artificial knee joints, artificial hip joints, artificial joints of shoulder, and other applications.
The report provides profiles of the companies in the market such as Stryker Corporation, DePuy Synthes, Zimmer Biomet, Smith & Nephew, Medtronic Spinal, DJO Global, Integra Lifesciences, NuVasive Inc., Globus Medical, Wright Medical, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of artificial joints market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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