Global Knee & Hip Market: Industry Analysis & Outlook (2017-2021) - Koncept Analytics

Industry Research by Koncept Analytics

Global Knee & Hip Market: Industry Analysis & Outlook ----------------------------------------(2017-2021) May 2017

Global Knee & Hip Market: Industry Analysis & Outlook (2017-2021)

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Executive Summary Knee and hip are complex joints in the body. The knee joins the thigh bone (femur) to the shin bone (tibia), whereas the hip joint is a ball-socket synovial joint formed between the os coxa (hip bone) and the femur. To treat knee and hip disorders, implants and surgeries are performed so as to keep the chronic pain at bay and help permit a good level of activity.

Hip joint supports the motion of the human body and is responsible for supporting the body weight. The need for hip replacement arises due to problems like arthritis, ankylosing spondylitis, development dysplasia or a fracture possibly. Whereas, the need for knee replacement arises due to disorders like tendinitis, gout, dislocation or meniscus tear.

The global knee & hip market is mature and is experiencing rapid innovations, especially in the knee segment.

Knee & hip market of the US is the largest market globally because of its strong dynamics and a great scope of innovation in the region. The growth factors of the global market include rise in elderly population, simplification of minimal-invasive surgery, growth in the emerging economies, and rise in ageing demographics. The market is trending with innovation of new technologies and therapies, growth of knee & hip care centers, and use of robotics in replacement surgeries.

The report offers an in-depth analysis of the global knee & hip market. It also covers the regional aspect of the market in detail. The top notch players in the market exhibit a very close competition. The report profiles Johnson & Johnson, Stryker Corporation and Zimmer Biomet Holdings Inc., and Smith & Nephew.

Global Knee & Hip Market: Industry Analysis & Outlook (2017-2021)

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Growth of the global knee & hip market is driven by rise in ageing demographics and escalating obese population.

Global Orthopedics Market by Segment (2016)

Global Knee & Hip Market Forecast by Value (2016-2021)

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The largest market share in the orthopedics market terms of value was recorded by Knee & Hip segment, accounting for ..% share followed by spine with ..% share in year 2016..

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The global knee and hip market value is forecasted to reach US$.. billion by 2021, increasing from US$.. billion in 2016. The market is anticipated to grow at a CAGR of ..% for the period spanning 2016-2021.

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Knee accounted for larger percentage share in terms of value in 2016, i.e. ..%, followed by hip with remaining .. % share in the same year.

Global Knee & Hip Market by Segment (2016)

Global Knee & Hip Market: Industry Analysis & Outlook (2017-2021)

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Advancement of the knee and hip therapies and surgeries has increased with improved methods especially with the use of robotics.

The US Knee & Hip Market Forecast by Volume (2016-2021)

The US Knee Market Value by Type (2016)

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The US knee and hip market procedures volume reached ..thousands in 2016, and is expected to further reach .. thousand by 2021. The knee & hip procedure volume in the US is likely to grow at a CAGR of ..% for the period spanning 2016-2021.

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The primary knee replacement procedure volume accounted for ..% share in terms of value and ..% share in terms of volume in the year 2016.

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The US revision hip replacement market value is expected to reach US$.. million by 2021, increasing from US$.. million in 2016. The market is expected to grow at a CAGR of ..% for the period spanning 20162021.

The US Revision Hip Replacement Market Forecast

by Value & Volume (2016-2012)

Global Knee & Hip Market: Industry Analysis & Outlook (2017-2021)

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Global Knee & Hip Market: Industry Analysis & Outlook (2017-2021)

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