The Arthroplasty (Joint Replacement Surgery) Market is expected to reach USD 32.70 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the growing geriatric population, increasing incidence of osteoarthritis and arthritis which are expected to further accelerate the market growth globally. Based on statistics, rising obese population, increase unhealthy eating habits which in turn result in obesity which tend to develop knee, and hip replacement surgeries are also some of the factors that help to grow the size of the global market.

Osteoarthritis is one of the leading diseases in advanced countries. It is also found in adults younger than age 60, who had to undergo total knee and hip replacement surgeries, are providing the market growth in many developed countries. The Arthroplasty (Joint Replacement Surgery), also known as prosthesis, is a device that is surgically implanted to replace a natural bone to correct joint abnormalities and to improve joint function. The global Arthroplasty (Joint Replacement Surgery) market is segmented on the material used such as oxinium, ceramic, alloy, and other materials. In recent years, Arthroplasty (Joint Replacement Surgery) have gained popularity, and it is anticipated to grow further during the forecast period. Factors such as the decreased risk of chemical inertness, resistance to corrosion, osteolysis, non-allergic properties, and biocompatibility would drive the market growth of the market.

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Further key findings from the report suggest

• The Arthroplasty (Joint Replacement Surgery) are designed to replicate the movement of a typical, healthy joint.
• The growing incidences of age-related musculoskeletal disorders are one of the important factors responsible for the market growth globally.
• Musculoskeletal disorders have been the most prevalent disorder that affects the aging population.
• The most common musculoskeletal disorders among the aging population have been fractures, osteoarthritis, osteoporosis, and infections.
• Hip and knee replacements are the most usually performed joint replacements, and it is expected to grow at a CAGR of 4.8% during the forecast period.
• Replacement surgery is suitable for other joints, as well, including the wrist, ankle, shoulder, and elbow.
• The materials are alloys of titanium and cobalt-chromium. The bearing portion of the joint is made of wear-resistant, high-grade plastic.
• The metal-plastic compound is the largest revenue generating segment. It accounts for the largest market share of 40.44% in 2020 and is the most prevalent type used in artificial implants worldwide.
• Availability of high-level prosthetics that offer customization and improved functionality will continue to witness increasing demand in developed markets.
• However, high cost and lack of favorable reimbursement policies are the factors that will pose as challenges to broader adoption.
• The prosthetic clinics segment of the end user is valued at USD 7.08 billion in 2020 and is expected to grow at a CAGR of 4.6% during the forecast period.
• The market in APAC is anticipated to be the fastest growing region with the highest CAGR of 4.9% during the forecast period. This notable rise in the geriatric population along with technological improvement is anticipated to boost the market in this region.
• Moreover, developing economies such as India and China, with a significantly vast pool of potential reconstructive surgery patients, represent a significant opportunity for the Arthroplasty (Joint Replacement Surgery) market

Key Players covered in this report are

Aesculap AG, Biomet, Inc., Depuy Synthes (Johnson & Johnson), DJO Global, Inc., Exactech, Inc., Globus Medical, JRI Orthopaedics, Medtronic, Inc., NuVasive, Inc., AK Medical, SAMO, Smith & Nephew, Stryker Corp., Arthrex, Zimmer Holdings.

Material Outlook (Revenue, USD Million; 2018-2028)

• Cobalt-Chromium Alloys
• Titanium Alloys
• Metal-Plastic

End-User Outlook (Revenue, USD Million; 2018-2028)

• Prosthetics clinics
• Hospitals
• Rehabilitation centre
• Others

Application Outlook (Revenue, USD Million; 2018-2028)

• Hip and Knee
• Ankle
• Wrist
• Shoulder
• Elbow

Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Major Points covered in this report are as below:

• In this report, market development trends and marketing channels in the Arthroplasty (Joint Replacement Surgery) industry are analyzed, feasibility of new investment projects is evaluated, and overall conclusions are presented.

• 
  This report provides key industry statistics through tables and figures, serving as an invaluable source of information and advice for companies and individuals involved in this sector.
• 
  Additionally, this report analyzes development policies and plans, manufacturing processes, and cost structures, as well as import/export consumption figures, supply and demand figures, costs, prices, revenues, and gross margins.
• 
  For companies and individuals interested in the Arthroplasty (Joint Replacement Surgery) industry, the Arthroplasty (Joint Replacement Surgery) Market report provides information on the current market status of the Arthroplasty (Joint Replacement Surgery) manufacturers and provides valuable guidance and direction.

We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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