Market analysts predict the global artificial joint market will experience a 5.53 percent compound annual growth rate until 2021.
Here are four insights:
1. One influence in the growing market is the increase in musculoskeletal disorders; the most common being osteoporosis, osteoarthritis, fractures and infections.
2. Another trend in the artificial joints market is increasing demand for minimally invasive surgeries.
3. However, the high cost of surgeries could challenge market growth. Current technological developments have caused the cost of artificial joints and related procedures to increase.
4. Key market players include DePuy Synthes, Smith & Nephew, Stryker and Zimmer Biomet.