Research Nester released a report titled “3D Hip and Knee Implant Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the 3D hip and knee implant market in terms of market segmentation by implant, by material, by end-users and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global 3D hip and knee implant market is estimated to expand at notable CAGR over the forecast period i.e. 2019-2027 on the back of growing ageing population, increasing incidences of osteoarthritis, road traffic accidents, and irritable hip syndrome. Presently, 3D printed surgical implants along with customized inserts and advance devices are used in surgery to deliver better results, further driving the growth of the market.
The global market is segmented by implant into total hip replacement implant, partial hip replacement implant, hip resurfacing implant and revision hip replacement implant; by material into metal on metal, metal on polyethylene, ceramic on metal, ceramic on polyethylene and ceramic on ceramic; by end-users into hospitals, orthopedics clinics and others and by regions.
Regionally, the market in North America is estimated to hold highest share owing to the presence of large number of hip and knee implant manufacturers present in the region along with the presence of countries such U.S. and Canada that are set to be the leading countries to hold highest number of hip and knee replacement procedures. Moreover, the market in Europe is expected to witness significant growth over the forecast period.
Growing Applications with Rising Geriatric Population
Growing ageing population in developed countries along with millions of people worldwide who undergo either hip or knee replacement surgery every year on the back of improved implant quality and awareness regarding how these procedures improve flexibility and quality of life are some of the noteworthy factors that are driving the growth of the market. Additionally, rising cases of orthopedic disorders is supporting the growth of 3D hip and knee implant market.
However, high implant cost in some of the developing countries combined with growing adoption of alternating treatments are the major challenges faced by 3D hip and knee implant market.
This report also provides the existing competitive scenario of some of the key players of the global 3D hip and knee implant market which includes company profiling of Zimmer Biomet, Stryker, Smith and Nephew, Aesculap, Exactech, DJO Global, Corin Orthopedics, Johnson and Johnson services and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 3D hip and knee implant market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.