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(Medical-NewsWire.com, February 24, 2016 ) Knee replacement procedures are expected to grow at a faster rate, than hip replacement procedures because of the increasingly active aging population. Although shoulder and small joint replacement procedures are low in numbers, but they are expected to grow at a higher growth rate than the other segments, due to the increasing awareness and availability of cost-effective procedure options in joint replacement.
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Joint reconstruction is a method in which an injured or dysfunctional joint or tissue is substituted by an artificial prosthesis. Artificial prostheses include materials such as, comprising plastics, metals and ceramics. The general types of joint replacement procedures include, digit replacement, ankle replacement, hip replacement, elbow replacement, knee replacement, shoulder replacement and elbow replacement.
The global Joint reconstruction market can be categorized into hip Implants, knee Implants, and trauma and extremities (such as wrists, ankles, shoulders and elbows). The joint reconstruction market accounts for the largest share in the orthopedic devices market. The high rate of obesity among people has a high impact on growth of the joint reconstruction market. Obesity is the main cause of knee arthritis resulting in weakening of an individual's health and excessive fat accumulation. People in the highest group of body weight are at up to ten times the risk of developing knee osteoarthritis, than those in the lowest group.
High occurrence of rheumatoid arthritis and osteoarthritis is one of the major drivers of the global joint reconstruction market. Osteoarthritis is the most common joint problem in western countries. Use of faulty prostheses causes post-surgery difficulties resulting in noncompliance among the patients. The post-surgery complications include fractures, ligament or artery damage, blood clotting at the site of surgery and wound infections. Unlike the western countries, the fear of the letdown of surgery and post-surgery infections among the patients do not affect the joint replacement market, as most patients are unaware about the difficulties and history of product recalls in the Asia-Pacific region.
The growing demand of minimally invasive techniques in joint reconstruction and awareness about the benefits associated with joint reconstruction surgeries, are some of the other significant factors driving the growth of global joint reconstruction market.
Key factors fuelling the growth of joint replacement surgeries in Asia-Pacific are, increasing number of trained joint replacement surgeons, sedentary lifestyle, aging population, rising health care expenditure, medical tourism and improved healthcare infrastructure. In the U.S., hip and knee replacements are the most commonly performed joint replacements. The American Joint Replacement Registry (AJRR) has been making tremendous progress towards its goal of becoming the first comprehensive national hip and knee orthopedic implant registry in U.S.
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On the other hand, alternative treatment options available for joint replacement are the major factors restraining the growth of global joint reconstruction market.
DePuy Synthes, Smith & Nephew PLC, Stryker, Tornier, Inc., Wright Medical Technology, Inc. and Zimmer Biomet Holdings, Inc. are some of the major competitors in the global joint reconstruction market.
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