Global Market Outlook for the Orthopedic Prosthetic Implants Market to 2027
Dublin, July 06, 2020 (GLOBE NEWSWIRE) -- The "Orthopedic Prosthetic Implants - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis and the looming economic recession, the Orthopedic Prosthetic Implants market worldwide will grow by a projected US$2.7 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 2.1%. Knee Prosthesis, one of the segments analyzed and sized in this study, is forecast to grow at over 2.2% and reach a market size of US$10.6 Billion by the end of the analysis period.
The Knee Prosthesis market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 1.2% CAGR. Within Europe, Germany will add over US$55.6 Million to the region's size over the next 7 to 8 years. In addition, over US$67.3 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Knee Prosthesis segment will reach a market size of US$560 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Orthopedic Prosthetic Implants market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 4.4% over the next couple of years and add approximately US$975 Million in terms of addressable market opportunity.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Orthopedic Prosthetic Implants: Reconstructive Devices for the Joint Pain Epidemiology
Growth Drivers in a Nutshell
Key Market Growth Inhibitors
Rising Prevalence of Osteoporosis, Arthritis and Other Orthopedic Disorders: Foundation for Market Growth
Osteoporosis and Other Bone Related Health Concerns: Fast Facts
Developed Markets: Traditional Revenue Contributors
Asia-Pacific Continues to Drive Current and Future Market Growth
Knee Prosthesis Garners a Larger Pie in the Global Orthopedic Implants Market
Shoulder Prosthesis: The Fastest Growing Product Segment
Hip Prosthesis to Register Moderate Growth
Positive Outlook for the Healthcare IndustrySignals Promising Growth in Demand
Global Competitor Market Shares
Orthopedic Prosthetic Implants Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Demographic Statistics of Aging Populace: Unfurling the Market Potential
Advanced Materials & Technologies: Spearheading Growth
Newer Technologies Find Increasing Acceptance
Myriad Benefits of Minimally Invasive Techniques for Joint Replacements Drive Market Adoption
Growing Prominence of Trabecular Metal Technology Benefit Market Prospects
Trend towards Higher-Priced Implants Augurs Well for Market Expansion
Robotic-Assisted Surgery Facilitate Easier and Safe Hip and Knee Replacements
Spurt in Medical Tourism Offers Lucrative Market Growth Opportunities
Increasing Cases of Trauma Underpins Market Growth
Risks of Total Hip Replacement on a Decline
Osteoporosis & Arthritis Risk among the Expanding Diabetics Population Lends Traction toMarket Growth
Rise in Global Obesity Epidemic Boosts Market Growth
Facts & Statistics on the Rising Obesity Levels: Important Opportunity Indicators
Growing Number of Revision Orthopedic Surgeries
Cost Containment Issues
Rising Production Cost: A Key Challenge
Developing Countries Offer Significant Growth Opportunities
China and India Turbo Charge Future Market Growth
Rural Populations in Low-Income & Developing Countries: Huge Untapped Market Potential
Steadily Increasing Healthcare Spending in Developing Countries: Opportunities in Store
Favorable Demographic & Economic Trends Strengthen Market Prospects
Advancements in Stemless Shoulder Arthroplasty
Novel Implant Designs for Ankle Replacement Surgeries
Reliable Surfaces for Load Bearing: Need ofthe Hour for Joint Replacement Surgeries
3D Printing in Orthopedics
Novel Techniques for Improving Outcomes of Hip Replacement Surgeries
Advancements in Total Hip Replacements
Anterior Approach
Liner Advancements for Longer-lasting Replacements
Tracing History of Hip Replacement Advancements
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
Aesculap Implant Systems, LLC
Amplitude Surgical
B. Braun Melsungen AG
Baumer S.A
ConforMIS, Inc.
Corin Group PLC
DePuy Synthes Companies
DJO Global, Inc.
Exactech, Inc.
Extremity Medical, LLC
Integra LifeSciences Corporation
Medacta International
Smith & Nephew Plc
Stryker Corporation
Waldemar Link GmbH & Co. KG
Wright Medical Group N.V.
Zimmer Biomet Holdings, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/gcgpn1
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