A Wise Guy Reports analysis found the global knee implants market is set for significant growth through 2021, according to medGadget.
Here are five things to know:
1. A growing aging population and increased health awareness is driving market growth.
2. The market is likely to surpass $7 billion by 2021.
3. Last year, the United States led the market with a market share exceeding 60 percent. The report anticipates the United States will hold its dominant position through 2021.
4. China, India and Japan will likely pose as prime growth opportunities due to the untapped population in need of knee implants.
5. The market's three largest players include:
● Zimmer Biomet in Warsaw, Ind.
● DePuy Synthes in West Chester, Pa.
● Stryker in Kalamazoo, Mich.