In January 2013, the FDA published a proposed order to allow for notice and comment regarding the FDA's recommendation to change the requirements for all metal-on-metal (MoM) total hip implants from premarket notification, to premarket approval, the most stringent regulatory category of the FDA's oversight for medical devices. A final order was published in February 2016 and the requirement for filing premarket approvals was effective in May 2016. Since that time, all manufacturers of MoM total hip implants are required to stop marketing their devices and submit premarket approvals that must be approved before the devices can be marketed.
According to the report, High Adoption Due To Minimally Invasive and Robotic Surgical Systems
is one of the primary growth factors for the market. Increasing Aging Population
is also expected to contribute significantly to the Joint Replacement market growth. Overall, applications of Joint Replacement, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Area of Treatment, such as Hip, is boosting the Joint Replacement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Replacement Type , such as Total Replacement, is boosting the Joint Replacement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Hospitals, is boosting the Joint Replacement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Joint Replacement market identified that the demand is rising in many different parts of the world as "Increasing Demand for the Customized Knee Implants
".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Joint Replacement market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Joint Replacement market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Joint Replacement market size is calculated using market estimation process, the Joint Replacement market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Joint Replacement market size has been validated using both top-down and bottom-up approaches.