PUBLISHER: iData Research Inc. | PRODUCT CODE: 1089625
PUBLISHER: iData Research Inc. | PRODUCT CODE: 1089625
The total Global Large Joint Devices Market is growing at a rate of 4.8%, which will take the 2021 market value of $19 billion up to $26 billion by 2028. One of the top emerging trends within the Global Large Joint Devices Market is that the share of hip replacement is increasing, while knee replacement will lose some share.
The full report suite on the global market for orthopedic large joint devices includes multiple segments and sub-segments including knee replacement devices, hip replacement devices and associated accessories, such as bone cement. In terms of the global market share, the top competitors within the global large joints market are Zimmer Biomet, Stryker, and DePuy Synthes.
The effects of the pandemic on the global large joint market varied by segment. The decline in each segment of the market was close, but the hip replacement market was impacted the most, followed by bone cement and knee replacement.
One of the major market drivers is the rise in the target population. The prevalence of joint degeneration increases with the age of the population, driving the need for arthroplasty devices and procedures. Because of this, growth of the target patient demographic will result in higher demand for knee and hip replacement procedures. According to the World Bank's data, the population aged 65 years and above in the world is increasing compared to the global population.
Overall, within the Global Orthopedic Large Joints Market there are three dominant competitors: Zimmer Biomet, Stryker, and DePuy Synthes. Alongside these three market leaders, several other companies are included within this report.
In 2021, Zimmer Biomet led the overall global orthopedic large joint device market. The company was the leader in both the global hip and knee replacement market.
You can view all these included reports and segmentation here:
Total knee replacement, partial knee replacement and knee replacement revision devices.
Total hip replacement, partial hip replacement and hip replacement revision.
Traditional bone cement and premixed antibiotic bone cement.
Regions - North America (Canada, United States), Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela), Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.), Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine), Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam), Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda).
Quantitative Coverage - Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative Coverage - COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
Data Sources - Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database.