A Latest Advancements market analysis shows that the total shoulder and total knee replacement market will reach $2.28 billion by 2025.
Here's what you should know:
1. Latest Advancements analysts expect the market will grow at a 9.2 percent compound annual growth rate between 2017 and 2025.
2. Growth in the North and South American total shoulder replacement market will be fueled by the development of advanced implants, the rise in proximal humerus fracture cases in elderly populations and an increased amount of procedures.
3. Growth in the total knee market is being driven by an increased geriatric population with sports-related injuries as well as through the advancement of implant technologies.
4. Leading companies in both markets are Arthrex, Biomet, Braun Melsungen, DePuy Synthes, DJO Global, Exactech and several others.