According to the latest market report published by Brisk Insights, Inc. “Artificial Joints Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” the global artificial joints market was valued at US$ 16.90 Bn in 2016, and is expected to reach US$ 25.91 Bn by 2025, expanding at a CAGR of 5.0% from 2017 to 2025.
Browse the full report Artificial Joints Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.briskinsights.com/report/artificial-joints-market
Artificial joint is surgically implanted to replace a natural joint to correct join abnormalities and to enhance join function. In base year 2016, artificial joints of knee segment held the largest market share. Factors such growing aging population, consequently increasing incidence of age related musculoskeletal diseases such as arthritis and osteoporosis, rising obese population are majorly contributing to the demand for of knee and hip replacement surgeries. Different types of materials are used to prepare artificial joints such as alloys, oxinium, ceramic and polymer. However, in the base year 2016, ceramic artificial joints held largest market share and it is anticipated to grow further during the forecast period as these are reduced risk of osteolysis, chemical inertness, resistance to corrosion, non-allergic properties and biocompatibility. The artificial joints market is currently dominated by North America due to continuous increase in obese population, higher cost of implantable joints, technological advancement, rising geriatric population, upsurge in funding by government agencies and private organizations in healthcare.
Market Competition Assessment:
The artificial joints market is observed to be highly competitive and comprises large number of players. However, the market is currently dominated by few players such as Aesculap AG, AK Medical, Arthrex, Biomet, Inc., Depuy Synthes (Johnson & Johnson), DJO Global, Inc., Exactech, Inc., Globus Medical, JRI Orthopaedics, Medtronic, Inc., NuVasive, Inc., SAMO, Smith & Nephew, Stryker Corp., Zimmer Holdings and others.
Browse the full report at www.briskinsights.com/report/artificial-joints-market
Key Market Movements:
Increasing geriatric and obese population, rising incidence of osteoarthritis and arthritis would further drive the market growth of global artificial joints.
However, factors such as high cost of surgery, post-surgical complications and increasing awareness for some non-surgical treatment may negatively impact the market growth.
Brisk Insights is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities optimize strategies.
Working in a highly dynamic and multi-dimensional business makes decision making complex. Effective business decisions are a result of the synthesis of market information. Our Research and data analysis is an efficient and cost-effective way of providing robust market analysis and can yield highly valuable intelligence relating to consumers, competitors and markets.
Download Free Request Free Sample: http://www.briskinsights.com/sample-request/555
Human Chorionic Gonadotropin Market: Global Industry Size, Growth, Share and Forecast to 2025
Cardiac Monitoring and Diagnostic Devices Market: Global Industry Size, Growth, Share and Forecast to 2025
Company Name: Brisk Insights
Contact Person: Jennifer Smith
Address:Office 1094, 109 Vernon House, Friar Lane, Nottingham NG1 6DQ
Country: United Kingdom