The global knee and hip replacements market is projected to grow rapidly through 2021, according to new market analysis.
Here are five key trends:
1. The global knee and hip replacements market is expected to grow at a compound annual growth rate of 5.15 percent through 2021.
2. Rising clinical education among patients, rising demand from the aged population, increasing prevalence of obesity and diabetes and technological innovation are driving the market's growth.
3. The high costs of surgery is hindering market growth.
4. While the market has a strong foothold in Europe and North America, the emerging nations in the Asia Pacific region and Latin America are expected to drive rapid growth for the market.
5. Leading global market players include Zimmer Biomet, Stryker, Smith & Nephew, Johnson & Johnson and Wright Medical.