Joint Replacement Market: Growing Demand to Boost the Market Growth | Johnson & Johnson Services, Inc., Stryker,Zimmer Biomet, Smith+Nephew

Global Joint Replacement Market Size study, by Product (Knees, Hips and Extremities), by Fixation Type (Cemented, Cementless, Hybrid and Reverse Hybrid), by End-use (Hospitals, Orthopedic Clinics and Others), Procedure (Total Replacement, Partial Replacement and Others), and Regional Forecasts 2021-2027, The ‘ Joint Replacement market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Joint Replacement derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Joint Replacement market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).

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Key Segments Studied in the Global Joint Replacement Market 

Global Joint Replacement Market to reach USD 21.61 billion by 2027.Global Joint Replacement Market is valued approximately at USD 17.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.40% over the forecast period 2021-2027. Joint replacement surgery is performed to replace joints, which involves the complete or partial removal of the damaged joint and tissues, and replacement with new, man-made parts. Rising trend of minimally invasive surgeries are expected to fuel the demand during forecast period. Growing geriatric population, increasing prevalence of osteoarthritis and technological advancements are fueling the growth in the market. For instance, according to Statista, number of people globally aged more than 65 is estimated to reach 840 million in 2025 as compared to 524 million in 2010. Furthermore, new product launches and growing strategic moves such as acquisition, merger and expansion by the market players to gain big part of market share are expected to drive the growth during forecast period. Such as, in September 2020 Stryker Corporation launched Mako Total Hip 4.0, the smart robotic system. The system was aimed to help surgeons and physicians in planning the patient’s implant position while taking into consideration, the changes in pelvic tilt in the patient’s standing, sitting, and supine poses. However, high cost of joint replacement surgery is expected to hinder the growth in coming years. For example, in 2018 the cost per knee replacement was around USD 29000.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of joint replacement market. North America is dominating the market in terms of revenue owing to rising geriatric population and well-established healthcare facilities in the region. Whereas, Asia Pacific is anticipated to grow at highest growth rate during forecast period due to quickly evolving healthcare infrastructure and rising medical tourism in the region.

Major market player included in this report are:

• Johnson & Johnson Services, Inc.       
• Stryker
• Zimmer Biomet
• Smith+Nephew
• DJO, LLC
• Arthrex, Inc.
• Exactech, Inc.
• Conformis
• MicroPort Orthopedics
• Corin Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

• Knees
• Hips
• Extremities

By Fixation Type:

• Cemented
• Cementless
• Hybrid
• Reverse Hybrid

By End-use:

• Hospitals
• Orthopedic Clinics
• Others

By Application:

• Total Replacement
• Partial Replacement
• Others

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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Market analysis requires careful attention to the following:

• Market Analysis: To make this section robust, we help you identify industry size, growth rates, drivers, challenges, major players, and market forecasts and emerging trends.
• Competitive Analysis: Understanding your competition is critical to your success. This section includes an analysis of your key competitors, their products / services, their differentiators, and market shares.
• Target Market and Customers: Identifying and prioritizing specific target markets are another key part of your industry analysis where research is crucial. You need to think about demographics and buying behaviors of your customers? How can you best reach them? What kinds of challenges do they have? How do they like to be marketed?

Competitiveness Industry concentration – This is a measure of the number of firms in an industry and the size of the predominant firms in the industry. It indicates the nature of the competition. Identify the most important players in the industry. What percent of the market is controlled by the largest companies (for example, the four largest firms)? What is the market share of each major firm? What is the number of firms over a certain size? Is there a dominant industry leader? Who is it?

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