India Joint Replacement Market to Grow in Double Digits Through 2020
LONDON and NEW YORK, April 27, 2015 /PRNewswire/ --
The recently published report, 'India Joint Replacement - Market Size, Procedure Volume, Growth Trend at City, State and National Level' provides a detailed analysis of joint replacement surgeries in 740 hospitals from more than 200 cities. It reviews market drivers, restraints, historical trends and forecasts (for the period from 2007 to 2020), annualised trends for sales in terms of value and volume (in dollar terms and units), market growth, pricing, competitive landscape and market share. It offers a cross-category comparison for THR and TKR (Total Hip Replacement and Total Knee Replacement) as well as shoulder joint replacement for the historical and forecast period.
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Why one should buy this report
- To get a detailed analysis of the joint replacement market and joint replacement surgeries for over 740 hospitals in more than 200 cities.
- To make a regional strategy based on regional landscape and regional market characteristics.
- To capitalise on opportunities in high-growth regions and attractive joint arthroplasty markets.
- To understand market dynamics at macro and micro level by analysing city and nation level trends.
- To plan and make capital investments based on the forecast for high potential joint replacement segments.
- To prepare management and strategic presentations for the investors and shareholders.
The joint replacement market in India grew in double digits between 2007 and 2014. The joint replacement market comprises Total Hip Replacement (THR), Total Knee Replacement (TKR), partial knee replacement, partial hip replacement, shoulder joint replacement and other small joint replacement surgeries. Of these, THR and TKR account for the bulk of revenues.
The key factors fuelling the growth of joint replacement surgeries in India are an increasing number of trained joint replacement surgeons, aging population, sedentary lifestyle, rising health care expenditure, improved healthcare infrastructure and medical tourism. Improved implant designs and a wide choice of implants have also helped surgeons choose the implant that best suits the needs of each patient.