- The key vendors in the Global Joint Reconstruction Market 2015-2019 are DePuy Synthes (acquired by Johnson & Johnson), Smith & Nephew plc, Stryker and Zimmer Holdings
London, 18 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Joint Reconstruction Market 2015-2019. A high incidence of obesity among people is one of the key trends being witnessed in this market. Obesity is a major cause of knee arthritis resulting in excessive fat accumulation and impairment of an individual’s health. High occurrence of obesity has a positive impact on the market growth. The overall market is expected to post a CAGR of 5.55 percent during the forecast period of 2014-2019.
The market has progressed in developed countries and has massive opportunities to grow rapidly in emerging countries. Vendors are developing new artificial prostheses and incorporating novel technologies during implant procedures to improve the quality of life of patients.
Moreover, the market in the APAC region, especially in India and China, is expected to grow rapidly during the forecast period because of the immense growth opportunities, the presence of numerous local vendors, and the launch of new innovative products.
“Various governments in the emerging countries are improving healthcare infrastructure to let patients avail the benefits provided by the governments,” says Faisal Ghaus, Vice President of Technavio Research.
“Moreover, increasing competition among vendors ensures the availability of efficient and user-friendly devices at reasonable costs.”
To define the market conditions 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.
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