Global $25 Bn Artificial Joints Market, 2025
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The global artificial joints market was valued at US$ 17.13 Bn in 2016, and is expected to reach US$ 25.31 Bn by 2025, expanding at a CAGR of 5.0% from 2017 - 2025.
Based on applications, the global artificial joints market is categorized into artificial joints of knee, hip, shoulder and other. In the base year 2015, it is observed that artificial joints of knee segment holds the largest market share. Factors such growing aging population, consequently increasing incidence of age related musculoskeletal diseases such as arthritis and osteoporosis, rising obese population are majorly contributing to the demand for of knee and hip replacement surgeries, and consequently respective implants.
The artificial joints market is currently dominated by North America due to continuous increase in obese population, higher cost of implantable joints, technological advancement, rising geriatric population, upsurge in funding by government agencies and private organizations in healthcare. California, Florida and Texas are major revenue contributing regions in North America. It is observed that Europe is the second largest revenue generating segment in the global artificial joints market. Austria, Belgium, Germany and Switzerland are major revenue contributing countries in Europe. Factors such as increasing demand for the minimally invasive surgeries, higher cost of replacement devices, growth in health expenditure and technological advancement drive the market growth in Europe.
Key Market Movements:
Key Topics Covered:
1. Preface
2. Executive Summary
2.1. Artificial Joints Market Snapshot
2.2. Artificial Joints Market, by Product type, 2015 (US$ Mn)
2.3. Artificial Joints Market, by Application, 2015 (US$ Mn)
2.4. Artificial Joints Market, by Geography, 2015 (Value %)
3. Global Artificial Joints Market Analysis
3.1. Artificial Joints Market Overview
3.2. Market Dynamics
3.3. Attractive Investment Proposition, 2015
3.4. Competitive Landscape Assessment, by Key Market Players
4. Global Artificial Joints Market, by Material, 2015 - 2025 (US$)
4.1. Overview
4.2. Ceramics
4.3. Alloys
4.4. Oxinium
4.5. Other
5. Global Artificial Joints Market, by Application, 2015 - 2025 (US$)
5.1. Overview
5.2. Artificial Joints of Knee
5.3. Artificial Joints of Hip
5.4. Artificial Joints of Shoulder
5.5. Other
6. Global Artificial Joints Market, by Geography, 2015 - 2025 (US$)
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/2tt32b/global_artificial
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