Depuy Synthes emerges as the largest company in the minor orthopedic replacement implants market, says TBRC report(Companies: Depuy Synthes, Zimmer and Biomet, Wright Medical Group, Stryker And Other)
The global minor orthopedic replacement implants market was valued nearly $1,651 million in 2017. North America was the largest region in the minor orthopedic replacement implants market. The USA was the largest country in the minor orthopedic replacement implants market.
Minor orthopedic implants include implants used in shoulder, wrist, ankle and foot joints. These implants are used to restore joint function (movement), and relieve pain. Minor orthopedic replacement implants manufacturing companies develop, market and distribute orthopedic implant products for commercial use. Products are usually sold to hospitals, for use during orthopedic replacement surgery. The right type of implant is union selected based on the patient and type of orthopedic replacement procedure.
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Minor Orthopedic Replacement Implants Market Size
The global minor orthopedic replacement implants market size is expected to grow to over $2 billion in 2021 at an annual rate of about 6%. Growth in the market is mainly due to rising incidence of arthritis among elderly population, growing awareness towards replacement surgery and utilization of advanced materials such as cobalt, chromium and titanium for implant manufacturing.
Depuy Synthes was the largest competitor with around 19% of the minor orthopedic replacement implants market, followed by Wright Medical Group, Zimmer Biomet, Stryker and Exactech (exact figures are mentioned in report).
Depuy Synthes is a part of the Johnson & Johnson group of companies. The company offers orthopedic and neuro products and services for joint reconstruction, trauma, spine, sports medicine, neuro, cranio-maxillofacial, power tools and biomaterials.
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Company profiles included in the minor orthopedic replacement implants market report are Depuy Synthes, Wright Medical Group, Zimmer Biomet, Stryker, Exactech, and Integra.
The minor orthopedic implants replacement market is segmented into shoulder replacement implants, foot and ankle replacement implants, elbow replacement implants and wrist replacement implants market. Among these segments, shoulder replacement implants account for the largest share in the global minor orthopedic implants replacement market.
The rising incidence of arthritis patients among aging population, increasing surgical procedures and technological advancements in implants manufacturing is expected to increase the demand and scope for the minor orthopedic implants replacement market.
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