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Hip and Knee Orthopedic Surgical Implants Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022

  • Published Date: Jan, 2016
  • 360 Pages
  • Category: Healthcare
  • Format: Email PDF + Excel
  • Language: ENG

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 the geriatric populace. Orthopedic surgical provide relieve pain, restore movement and provide stability to the patients. Hip and knee replacements are the most usual orthopedic implants. Reconstructive surgery of the joints is prosecuted 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.

Hip and knee orthopedic surgical implants Global market was valued at USD 17 billion in 2015. It is projected to increase to USD 33 billion by 2022. Demand will be driven by the 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 equipment used by orthopedic surgeons while performing surgeries. The choice of the 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 which have the highest rate of success.

Interdisciplinary dialogue through the various stakeholders is a major driver of growth for the global hip and knee orthopedic surgical implants market. Intensive exchange of information leads by Collaborations and system partnerships. This results in continuous improvements in patient care. Merchandiser aims to actively contribute to the betterment of procurement, application and logistic procedure in the medical space.

The aim of the medical community is to perform more efficient joint implant surgeries in healthcare establishments. Factors aiding the decision of the most capable implant model include the type of disease, level of activity of the patient, and the quality of bone.

A wide multiplicity of artificial hip replacement implants is currently available. There exists little differentiation in the various products on offer. Most models are technologically superior. Zimmer is the main manufacturer of implants in the global market. Zimmer Kinectiv Technology enables a more accurate fit of the implant to the hip joint.