Growth in the market will be driven by an increase in the aging population, who are more likely to report degenerative joint diseases, and the improving healthcare infrastructure in developing countries. Over the past few years, the American and European markets have slowed due to decreasing procedural demand, but Asian markets grew as a result of improved healthcare infrastructure investments.
Going forward, companies will focus on the advancement of prosthetic implants involving better fixation, cementless design and wear-resistant materials, according to the report. In developing countries, budgetary constraints will create a market for low-cost orthopedic implants.
Knee prostheses are the largest product segment, with hip implants currently on the rise.
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