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