Product Innovations Such as Customized Knee Implants to Diversify Growth Scope i
Posted by arslan on February 21st, 2019
Growing burden of bone related ailments such as osteoarthritis, backed by growing patient pools of elderly population and advances in R&D initiatives pertaining medical devices gamut are likely to favor growth in joint replacement device market.
However on the flip side, frequent FDA recalls owing to pronounced device defects and evolution of alternative therapeutics are anticipated to constrict growth substantially in coming years. These market highlights are in sync with Market Research Reports Search Engine’s (MRRSE) recent report addition titled, ‘Joint Replacement Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026‘included in its fast expanding online data archive.
Leading market participants in joint replacement market are aimed at offering diverse products to attain apt product differentiation. Novelties in terms of product innovations such as customized knee implants have emerged as novel developments which are likely to entice promising growth in joint replacement device space. Aligning with stringent FDA framework to offer superlative offerings remains a crucial investment area amongst lead vendors. Further to consolidate their leading stance, manufacturers are also inclined towards diversifying their global reach on the back of novel strategic partnerships and acquisitions.
In a recent development, leading medical technology company, Conformis Inc. which is best known for its sophisticated medical technology that designs customized solutions in accordance with unique patient anatomy has recently bagged 3A certification by Orthopedic Data Evaluation Panel (ODEP) which is an autonomous body of leading orthopedic surgeons and experts in the UK catering joint replacement procedures pertaining hip and knee implants.
This elaborate research report on joint replacement devices studies the market at both global and regional levels evaluating both current as well as historical market valuation figures to derive precise forecast valuations. Opening with an elaborate executive summary, followed by an overview section encompassing market definition and dynamics such as drivers, restraints, threats, and challenges, the report also includes decisive insights on market segmentation based on which joint replacement devices market is fragmented by product type, type of fixation, and technique.
In terms of product, global joint replacement devices market is splintered into knee reconstruction, hip reconstruction, and extremity joint reconstruction devices. On the basis of type of fixation joint replacement device market is splintered into cementless, cemented, and hybrid type of fixation. Traditional surgery, minimally invasive surgery, and computer assisted surgery comprise top techniques in joint replacement device market.
North America to Remain Most Lucrative Regional Hub through the Forecast Span
The report in its subsequent sections also elaborates on regional diversity and demand distribution pattern in joint replacement device market on the basis of which Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa are accounted as core regional hubs.
Elaborate research postulates enlisted in the report allow readers to gain substantial information on prevailing competition landscape, highlighting key industry forerunners. Each of the mentioned profiles has been assessed at length to gauge the efficacy of tactical business decisions formulated by market players in driving potential growth in joint replacement device market.
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