Hip and Knee Orthopedic Surgical Implants: Deep Research on Industrial and Market studies Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022
"Hip
and Knee Orthopedic Surgical Implants: Market Shares, Strategy, and
Forecasts, Worldwide, 2016 to 2022"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
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Description-
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Worldwide hip and knee orthopedic surgical Implant markets are
poised to achieve significant growth with the aging of the
population.
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Old people have trouble making their
joints last as long as they do. The patient stability and the relief
from pain provided by the implant is compelling. The major suppliers
are providing implants that are state of the art. Orthopedic
reconstructive implants are used to replace joints that have
deteriorated. Deterioration may come as a result of aging, disease,
osteoarthritis, or injury.
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Total hip replacement surgery has evolved dramatically over the
years as advances in technology have made it possible to improve
surgical techniques. 325,000 people had total hip replacement surgery
in 2015 in the United States. Computer-assisted total hip replacement
surgery is one of the latest revolutions in total hip replacement.
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Zimmer is the market leader by far in
the hip and knee orthopedic implant market. Zimmer® M/L taper hip
prosthesis has Kinectiv® modular neck technology. This is better
than traditional hip replacements that have had limited size and
shape choices. Doctors typically adjusted the hip bone to fit the
implant. Hip replacements with Zimmer Kinectiv Technology give
surgeons a wide range of options to achieve a more accurate fit of
the joint replacement to the hip.
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Reconstructive joint surgery involves
the modification of the affected area of the joint and the
implantation of one or more manufactured components. It may involve
the use of bone cement. The primary orthopedic reconstructive targets
are joints. Hips and knees are the joints most commonly repaired with
orthopedic implants.
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Orthopedic implant vendors produce
associated instruments. Instruments are required by orthopedic
surgeons to implant reconstructive products.
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Interdisciplinary dialog in medicine
through its extensive continuing education offerings is a vital part
of the hip and knee implant joint replacement market. System
partnership means even more intensive exchange to continuously
improve patient care. The company seeks to actively contribute
extensive knowledge of procurement, logistics and application
processes to the medical community.
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The aim is to increase efficiency of
joint implant surgery in hospitals. Depending on the type of
disorder, the activity level of the patient and the bone quality, the
most suitable implant model is selected and fixated in the bone. A
great number of implants for artificial hip replacement are
available. The difference between individual models and manufacturers
is small, all products are technologically sophisticated and good.
Surgeon adoption of an implant product line provides competitive
advantage.
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The surgeon selects an implant based on
the devices for which he or she is trained. Surgeons tend to be
proficient in a particular device and have the most success
implanting that one. The surgeon decision for choice of implant
depends on the diagnosis, his or her own experience with the implant
products, and the suitability of the selected implant for the
patient.
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Implant assisted medial knee
arthroplasty: orthopedic surgical implants are poised to take knee
and hip surgery quality far beyond what has previously been
available. The quality of knee arthroplasty is improved with implant
capability. All the advantages of surgical implants carry into the
orthopedic reconstruction surgical products.. When the knee and hip
surgical implants are used, patients have reduction of post-operative
pain, fewer re-admissions to hospital and faster recovery. Implants
support high-precision surgery.
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Knee and hip surgical implants need
robots to provide consistent reproducible precision. Knee or hip
replacement will demand attention to quality of life. Maintenance of
lifestyle provided by an implant as a joint replacement is
compelling. As next generation systems, hip and knee implants provide
a way to improve traditional orthopedic hip and knee replacement
surgery. Total hip replacement surgery has evolved dramatically as
advances in technology have brought improved surgical techniques.
Surgical implants are a significant part of that advance.
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Once, the penetration achieves this 35%
level, all orthopedic surgeons will demand that hospitals offer
implant orthopedic surgical capability because the outcomes are more
predictable and better.
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Knee and hip surgical implant markets
have been impacted by the reduction in insurance payments. Payment
reductions have forced hospitals to act as businesses. The cost of
delivering care has become as much a factor as providing quality care
when making decisions about patient improvement in condition.
Cost-cutting has been made in the supply chain. Suppliers were
examined closely for quality and cost.
The number of suppliers is reduced to put pressure
on the ones that remain. Those remaining are pressured to improve
prices and efficiencies. Hospitals, physicians, and care providers
have been financially incentivized to create accountable care
organizations (ACOs). Coordinated patient care plans and value-based
purchasing were rewarded. The med device buyer shifted from
physicians to the ACOs and smart buying groups.
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“Use of the orthopedic implant
represents a key milestone in reconstructive surgery. Implants have
provided an opportunity to transform orthopedics. New materials and
new designs are bringing that transformation forward. By furthering
the growth of implant innovation, patients can get better treatment.
By enhancing the surgeon and patient experience is is likely that the
entire orthopedics implant market will grow more rapidly than it
would otherwise.”
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The aging US population has supported
demand, since the occurrence of health issues that require medical
devices is higher in the elderly population. Buoyed by strong demand
and sales, industry profit margins have increased considerably during
the past five years.
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The worldwide market for Hip and knee
orthopedic surgical joint replacement products is $16.7 billion
anticipated to reach $33 billon by 2022. The complete report provides
a comprehensive analysis including procedure numbers, units sold,
market value, forecasts, as well as a detailed competitive market
shares and analysis of major players’ success, challenges, and
strategies in each segment and sub-segment. The reports cover markets
for knee and hip Implant orthopedic surgery medical specialties and
sub-specialties.
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Companies Profiled
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-- Market Leaders
- Johnson & Johnson / DePuy Synthes
- Stryker
- Smith & Nephew
- Zimmer Biomet
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-- Market Participants
- B Braun / Aesculap
- ConforMIS
- DJO
- Exactech
- Corin
- Mathys
- Medacta
- MicroPort Scientific
- Shenzhen Advanced Institute Spinal Surgical Robot
- THINK Surgical
- Waldemar LINK GmbH & Co.
- Wright Medical Technology
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