Zimmer Biomet dominates hip, knee orthopedic implant market: 5 notes

The global hip and knee surgical implants market is expected to hit $33 billion by 2022, based on a Researchmoz report, according to medGadget.

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Here are five notes:

 

1. The market is positioned to grow due to the growing geriatric population.

 

2. Zimmer Biomet leads the market with the Zimmer M/L taper hip prosthesis and the Zimmer Kinectiv Technology.

 

3. Johnson & Johnson, Stryker and Smith & Nephew also lead the market.

 

4. In the last five years, industry profit margins have risen due to solid demand and sales.

 

5. The market totals $16.7 billion in 2016.

 

More articles on devices:
Global market for surgical microscopes to grow through 2020: 5 notes
Global market for wearable medical devices to reach $7.8B by 2020: 5 notes
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