Market Intel: Innovation Drives Growth, Draws Younger Patients In Joint Replacement Implants Market
Executive Summary
The worldwide joint-replacement implants market is expected to hit $20bn by 2022, according to a new report from Meddevicetracker. The growth is driven by the rising number of elderly patients, whose natural joints have been damaged by arthritis, and the rising prevalence of chronic diseases, such as obesity and diabetes, and sport-related injuries. But a look at the market and the three largest segments – shoulder, knee and hip replacements – show that new technological advancements and improved surgical techniques are increasingly making joint replacement surgeries an option for younger people as well. Here's an overview and key insights from two orthopedic surgeons on the current market and key growth drivers and limiters.
You may also be interested in...
Colfax Plans To Split To Form Separate Medtech And Fabtech Companies
The yet-to-be-named medtech company will focus on orthopedic implants and bracing and recovery devices.
J&J’s Investment In Medical Device Businesses Is Starting To Pay Off
Johnson & Johnson's medical device businesses grew 5.3% on an organic basis in the third quarter, led by the Biosense Webster electrophysiology business. The company is increasing R&D investment, especially in robotic surgery, to boost its surgery and orthopedics businesses.
Zimmer Biomet Enters Partnership To Improve Outcomes For Patients With Fragile Hip Fractures
Zimmer Biomet announced today it entered into a partnership with the European Pathway Association, a not-for-profit group that evaluates care pathways, to study patients with fragile hip fractures, understand the care process, and improve outcomes.