The global market for hip and knee surgical joint replacement products is growing steadily, according to a WinterGreen Research report.
Here are five key trends:
1. The market is currently valued at $16.7 billion.
2. It is anticipated to reach a $33 billion value by 2022.
3. The aging U.S. population has supported demand for hip and knee joint replacement products.
4. Zimmer is the market leader by far in the hip and knee orthopedic implant market.
5. However, the knee and hip surgical implant markets have been impacted by the reduction in insurance payments.