Ghaziabad, 21 July 2016: As indicated by a recent report by Azoth Analytics "Global Knee and Hip Replacements Market (By Type, By Material, By Fixation Procedure, By Approach): Opportunities and Forecasts (2016-2021)", the industry is expected to develop at a CAGR of 5.5% in the period 2016 - 2021, by virtue of the rising awareness about Orthopedic medicines and other procedures such as hip and joint replacement amongst general population worldwide.

An increase is seen in the healthcare services expenditure in developing markets because of the rising awareness of the importance of a fit body and the need for better care suiting to the dynamic lifestyles of the people today. This, coupled with increasing healthcare issues like obesity, have created a space for Knee and Hip Replacements business, which is foreseen to develop at a higher rate in upcoming years.

A complete report on Knee and Hip Replacements Market, spreading over 156 pages, broken down into 10 classes with more than 102 informative tables is currently accessible at Azoth Analytics.

There is an increase in general awareness for knee and hip replacement because of the expanding support from different orthopedicians, especially in the areas of North America and Europe. With higher number of replacement procedures, developing economies, for example, Asia Pacific and Latin America, are required to encourage development in coming years.

While procedures for knee and hip replacements have been the results of higher innovation in medical sciences, they are still seen as a corrective cosmetic procedures, and thus, are not usually covered under medical insurance. These procedures are expensive and are beyond the reach of many which makes it challenging for the industry to grow beyond a certain point and depend on consumers’ purchasing power.

Official spokesperson for Azoth Analytics said, “Our report ‘Global Knee and Hip Replacements Market (By Type, By Material, By Fixation Procedure, By Approach): Opportunities and Forecasts (2016-2021)' has broken down the capability of Global Knee and Hip Replacements Market and gives measurements and data on business sector size, shares and developmental elements. This report expects to give front line market knowledge to its readers and help leaders in taking sound investment decisions. Also, this report additionally recognizes and investigates the developing patterns alongside significant drivers, difficulties and opportunities in the global knee and hip replacement market. Moreover, the report highlights market section systems for different organizations over the globe.”

Organizations profiled in the Knee and Hip Replacements Market 2016-2021 report are Wright Medical Group., Smith and Nephew plc., Stryker Corporation, Zimmer Biomet Holdings Inc., Johnson and Johnson, Medtronic PLC, Exactech Inc., Think Surgical, Inc., Acumed and Mathys Ltd Bettlach.

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Azoth Analytics creates in-depth research reports by recording, interpreting and analyzing information through primary and secondary research. Our strategic market sizing and data dredging techniques include secondary research, interviews with key market players and industry experts and use of industry specific statistical tools which helps in designing and planning effective research for our global and local clients. We provide customized market research reports revealing the hidden truths on different verticals like pharmaceutical, oil and gas, retail, telecommunications, real estate, logistics, energy, healthcare, technology, FMCG, food & beverages and media sectors.