Hip and Knee Orthopedic Surgical Implants Market 2022 Hip and Knee Orthopedic Surgical Implants Market

Hip and Knee Orthopedic Surgical Implants Market is Projected to
Grow to USD 33 billion by 2022: Radiant Insights, Inc
Orthopedic surgical implants help replace deteriorated joints. This deterioration could be due to various
causes like disease, aging, injury or osteoarthritis. This is especially common in geriatric populace.
Orthopedic surgical implants relieve pain, restore movement and offer stability to the patients. Hip and
knee replacements are the most common orthopedic implants. Reconstructive surgery of the joints is
performed to modify the affected area in order to implant one or more manufactured components. It could
involve the usage of bone cement. Main reconstructive surgeries involve joints.
Global market for hip and knee orthopedic surgical implants was valued at USD 17 billion in 2015. It is
projected to grow to USD 33 billion by 2022. Demand will be driven by growing geriatric population
across the world. Over 324,000 people underwent total hip replacement surgery in 2015, in the U.S. itself.
This has been possible due to technological advancements over a period of time. Computer-assisted total
hip replacement, a recent development, has revolutionized the total hip replacement surgery procedure.
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However, reduced reimbursements by insurance companies are adversely affecting market growth. This is
forcing cost-cuts across the supply chain. Manufacturers of orthopedic implants provide medical
instruments that are used by orthopedic surgeons while performing surgeries. The choice of implant by a
surgeon depends on his/her expertise with a particular implant, the diagnosed condition, and the fitment
of the chosen implant with the patient. Often, surgeons pick devices that have the highest success rate.
Interdisciplinary dialogue amongst the various stakeholders is a key driver of growth for the global hip
and knee orthopedic surgical implants market. Collaborations and system partnerships lead to intensive
exchange of information. This results in continuous improvements in patient care. Vendors aim to
actively contribute to betterment of procurement, application and logistic processes in the medical space.
The medical community aims to perform more efficient joint implant surgeries in healthcare
establishments. Factors aiding the decision of the most suitable implant model include type of ailment,
level of activity of the patient, and the quality of bone.
A wide variety of artificial hip replacement implants are currently available. There exists little
differentiation in the various products on offer. Most models are technologically superior. Zimmer is the
leading manufacturer of implants in the global market. Zimmer Kinectiv Technology enables a more
accurate fit of the implant to the hip joint.

KNEE AND HIP ORTHOPEDIC IMPLANT MARKET EXECUTIVE SUMMARY 27
Knee and Hip Orthopedic Implant Market Driving Forces 27