Published Date : Jun 12, 2017
ALBANY, New York, June 12, 2017: Hip and knee reconstruction is a surgical procedure for patients that have immense pain in these areas. With growing incidences of hip fracture and hip arthritis, the market for hip and knee is expected to flourish. The growing prevalence of osteonecrosis is another factor pushing the growth of this market, states a new report published by MarketResearchReports.biz. The report is titled “Global Knee & Hip Market: Industry Analysis & Outlook (2017-2021).” The report is an in-depth reports of this industry, comprising a brief overview of the knee and hip market, its classification, and application. The segmentation of the global hip and knee market is done on the basis of key criteria and leading, declining, and fastest growing segments have been revealed. The report also points out the factors that are behind the state of the segment or sub-segment.
Hip dislocation has become very common, resulting in complications such as inflammatory reactions, which in turn loosens the implants. The players in the global knee and hip market are concentrating on new technological advancements with a view to improve life of implants and their functionalities. These advancements are also helping in faster healing so as to quickly get back to quality life. Owing to technological advancements the risks associated with the infections have decreased to a great extent. Moreover, new materials are in the pipeline and clinical research is being done to explore their durability. These materials are expected to cause fewer complications and are thus studied by players. All these initiatives by key players in the global knee and hip market will drive the growth of this market.
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The global knee and hip market is segmented on the basis of product, geography, end user, fixation type, and material type. On the basis of product, the market can be segmented into total hip reconstruction implants, partial hip reconstruction implants, total knee reconstruction implants, partial reconstruction implants, and revision implants. By fixation type, the market is segmented into hybrid, cemented, and cement less types. On the basis of end users, the global knee and hip market is segmented into orthopedic clinics, hospitals, and ambulatory surgical centers. On the basis of geography, the market is segmented into Asia Pacific, North America, Europe, and the Rest of the World. Of these, North America is leading in the knee and hip market, with the U.S. being the leading contributor. The growing cases of trauma and demand for minimally invasive surgeries will drive the growth prospects of the market in North America. The Asia Pacific knee and hip market will also witness a remarkable rise in the coming years.
Key players in the market for knee and hip include: Smith & Nephew, Autocam Medical, Braun Melsungen AG, Medtronic, RTI Surgical, Stryker, Exactech, Inc., Zimmer Biomet, and Response Ortho.
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