United States joint replacement market is expected to reach 16027.33 M USD by 2025
Published Date: 2018/11/27
Replacement arthroplasty, or 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. It is a form of arthroplasty, and is often indicated from various joint diseases, including osteoarthritis and rheumatoid arthritis.
The joint replacement is expected to grow at a CAGR of 5.32% from 10586.66 M USD in 2017 to reach 16027.33 M USD by 2025 in United States market. Market is concentrated. Zimmer Biomet, DePuy Synthes, Stryker, Smith & Nephew, Wright Medical are the leaders of the industry, and hold the key technologies and patent, with high-end customers. They have formed United States market channel of the industry.
While the growing prevalence of osteoarthritis and osteoporosis and rise in sports and road injuries will boost the demand for bone replacement, frequent product recalls, economic upheaval, and unfavorable political reforms threaten to impede the global market.
Although sales of bone replacement brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the bone replacement field hastily.
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