Joint Replacement Market Report, by Type, End User and Trend Analysis & Forecast Up To 2024

Axiom Market Research & Consulting™ added “Joint Replacement Market Report, by Type, End User and Trend Analysis & Forecast Up To 2024”

Joint replacement is the process of replacing a damaged joint with an artificial. Joint replacement operation differs according to the joints involved, the reason for replacement and the kind of artificial joints used. Various kind of joint diseases like osteoarthritic and inflammatory arthritis lead to joint replacement.

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The global joint replacement market is estimated and forecasted in terms of revenue (USD million) generated by the market. In the future, the joint replacement market growth is predicted to boost due to increasing technological advancement in surgical field, increasing number of ageing population and rising numbers of chronic medical condition such as, osteoarthritis, inflammatory arthritis, trauma or injury and cancer in or near a joint. However, excessive cost associated with the joint replacement surgeries and lack of trained and expert & surgeons are the major factors hindering the growth of the market.

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The report analyses the global joint replacement market based on type into

• ·        knees replacement
• ·        hip replacement
• ·        ankle replacement
• ·        shoulder replacement
• ·        finger and hand replacement
• ·        The knee and hip replacements are two of the most common and successful surgical procedures performed today.
• ·        The Knee replacement segment accounted for the largest share in the global joint replacement market in 2017.
• ·        The largest share is attributed to the rising incidences of physical injuries, advances in the medical technologies and its rising demand in the developing economies
• ·        The joint replacement market is segmented by end user into hospitals, orthopaedic centres and ambulatory surgery centre.
• ·        The hospital segment accounted for the highest share in terms of value and is expected to grow at a highest CAGR during the forecast period.
• ·        Factors such as rising number of patients in the hospitals and considerable number of facilities offered in the hospitals are the major factors contributing to the growth of hospital segment during the projected period.

 By geography, the global joint replacement market is studied across the countries of key regions

• ·        North America
• ·        Europe
• ·        Asia
• ·        Pacific
• ·        North America accounted for largest market share in 2017

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