Joint Reconstruction Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development

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The number of younger aged patients in need of revision and partial joint replacement procedures are expected to influence the growth of global joint reconstruction market. A broadening patient base, which includes younger patients below 55 years of age and elderly patients exceeding the age of 80, are anticipated to increase the demand of hip and knee replacement procedures.
Knee replacement procedures are expected to grow at a faster rate, than hip replacement procedures because of the increasingly active aging population. Although shoulder and small joint replacement procedures are low in numbers, but they are expected to grow at a higher growth rate than the other segments, due to the increasing awareness and availability of cost-effective procedure options in joint replacement.

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High occurrence of rheumatoid arthritis and osteoarthritis is one of the major drivers of the global joint reconstruction market. Osteoarthritis is the most common joint problem in western countries. Use of faulty prostheses causes post-surgery difficulties resulting in noncompliance among the patients. The post-surgery complications include fractures, ligament or artery damage, blood clotting at the site of surgery and wound infections. Unlike the western countries, the fear of the letdown of surgery and post-surgery infections among the patients do not affect the joint replacement market, as most patients are unaware about the difficulties and history of product recalls in the Asia-Pacific region.

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Key factors fuelling the growth of joint replacement surgeries in Asia-Pacific are, increasing number of trained joint replacement surgeons, sedentary lifestyle, aging population, rising health care expenditure, medical tourism and improved healthcare infrastructure. In the U.S., hip and knee replacements are the most commonly performed joint replacements. The American Joint Replacement Registry (AJRR) has been making tremendous progress towards its goal of becoming the first comprehensive national hip and knee orthopedic implant registry in U.S.

On the other hand, alternative treatment options available for joint replacement are the major factors restraining the growth of global joint reconstruction market.

DePuy Synthes, Smith & Nephew PLC, Stryker, Tornier, Inc., Wright Medical Technology, Inc. and Zimmer Biomet Holdings, Inc. are some of the major competitors in the global joint reconstruction market.

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