“The European joint reconstruction market is estimated to grow at a CAGR of 4.6% from 2014 to 2019. While knee and hip implants hold the larger share in the joint reconstruction market, the market for small joints is expected to gain momentum.
In this report, the European joint reconstruction market has been classified on the basis of type. The product segment is divided into knee replacement, hip replacement, shoulder replacement, elbow replacement, ankle replacement and digit replacement.
The large joint replacements such as knee and hip comprise nearly 90% of the joint reconstruction market whereas the small joint replacements such as shoulder replacement, elbow replacement, ankle replacement and digit replacement are the fastest growing segments, from 2014 to 2019. Factors such as aging population with increase in chronic diseases such as osteoarthritis, rheumatoid arthritis and obesity are further leading to the need for joint replacements.
The European joint reconstruction market is a competitive market with a number of market players. As of 2014, the European joint reconstruction market is majorly dominated by Zimmer Holdings, DePuy Synthes, Stryker Corporation, and Smith & Nephew Plc.
New product launches and partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the joint reconstruction market.
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