Precision Business Insights (PBI) in its report titled “Global Artificial Joints Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2024” assesses the market performance over seven years forecast period over 2018-2024. The global artificial joints market was valued at US$ -- in 2018 and increasing at a significant CAGR over the forecast timeframe owing to surge in the incidence of various types of joint disorders like different types of arthritis and other orthopedic diseases. Technological advancements in orthopedic sector, increasing geriatric population, unhealthy food habits, increasing risk of mutations due to increasing pollution, government initiatives to prevent the disease progression and advanced healthcare services are expected to drive the global artificial joints market.
Global artificial joints market segmented on the basis By Type of material, By Product, By End User, By Geography.
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Ceramic Artificial Joints Dominates the Global Artificial joints Market
Based on type of material to make artificial joints, global artificial joints market segmented into Ceramics, Alloy, Oxinium, Others. Ceramic artificial joints dominated the global artificial joints market in 2018 and estimated to dominate over the forecast period owing to its advantages like non corrosive nature, chemical inertness
North America Leads the Global Artificial joints Market
PBI’s global artificial joints market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025
Launch of newer technologies of artificial joint products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global artificial joints market further reveals that the key players increasingly adopting strategies such as launch of newer technologies of artificial joints products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance.
Key player’s profiles in the report are
• Zimmer Holdings, Inc (U.S.)
• NuVasive, Inc. ( France)
• Biomet, Inc.(U.S.)
• JRI Orthopaedics (UK)
• Medtronic, Inc. (Ireland)
• Globus Medical. (US)
• Smith & Nephew (UK)
• Stryker Corp (UK)
• DJO Globa (U.S.)
• DePuy Synthes. (U.S.)
Detailed Segmentation
By Product
• Cemented Joints
• Non-Cemented Joints
Application Analysis
• Artificial Joints of Knee
• Artificial Joints of Hip
• Artificial Joints of Shoulder
• Others
Type of Material
• Ceramics
• Alloy
• Oxinium
• Others
End User
• Hospitals
• Ambulatory Care Centers
• Others
Geography
• North America
? U.S
• Canada
• Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
• Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA
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