Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
A total Artificial Joints is a surgical procedure whereby the diseased knee or other joints are replaced with artificial material. Joint replacement surgery is a procedure of orthopedic surgery in which an arthritic or dysfunctional joint surface is replaced with an orthopedic prosthesis. Joint replacement is considered as a treatment when severe joint pain or dysfunction is not alleviated by less-invasive therapies.
Artificial Joints market is highly driven by technologies, citizen's income, and growing geriatric population and obese population, in developed countries such as North America and Europe, where have mature market. According to research, Artificial Joints market is expected to grow at a CAGR of 6.8% between 2018-2022, and reach 21.6 billion USD by 2022.
Base on applications, the global artificial joints market can be categorized into artificial joints of knee, hip, shoulder and other. According to research, the knee accounted for the largest market share in 2017 due to rising aging population are majorly contributing to the demand for of knee and hip replacement surgeries, and consequently respective implants.
Geographically, the awareness for Artificial Joints procedures is high due to the increasing support from various othopaedicians mainly in regions such as North America and Europe, thereby, having higher number of procedures, North America dominates the market in both production and consumption across the world followed by Europe. Markets in emerging economies such as Asia Pacific and Latin America are expected to facilitate growth in coming years.
Along the growing economy, Artificial Joints Market Forecasted to grow at a CAGR of 8.14% during 2018-2022, Asia Pacific will be main the attributable to the global market.
Global leading Artificial Joints companies such as Wright Medical Group., Smith & Nephew plc., Stryker Corporation, Zimmer Biomet Holdings Inc., Johnson & Johnson, Medtronic PLC, Exactech Inc., Think Surgical, Inc., Acumed and Mathys Ltd Bettlach.