London, 24 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Knee Implant Market 2015-2019, which is expected to grow at a CAGR of 3.62 percent during the period 2014-2019.
The market has evolved in developed countries and has vast opportunities to grow in emerging countries. Vendors are focusing on the development of new prostheses for knees and also on utilizing novel technologies for knee implant procedures that can improve patients’ quality of life.
“Large vendors provide an extensive range of advanced instruments globally while smaller vendors provide a wide range of products at reasonable prices,” says Faisal Ghaus, Vice President of TechNavio.
“This results in intense competition among vendors, leading to high pressure on the vendors in terms of their pricing strategies, which in turn affects their profit margins.”
Key Market Drivers
- Increase in Aging Population
- Increased Prevalence of Osteoarthritis and Rheumatoid Arthritis
- Advances in Surgical Procedures
Key Market Trends
- High Obesity Rates
- Increase in Global Healthcare Spending
- Intense Competition among Vendors
- Expanding Economies in APAC Region
Key Market Vendors
- DePuy Synthes (a Johnson & Johnson Co.)
- Smith & Nephew plc
- Stryker
- Zimmer Holdings
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
