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U.S. Orthopedic Joint Replacement Market Size & Share

U.S. Orthopedic Joint Replacement Market

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U.S. Orthopedic Joint Replacement Market Size & Share

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  1. The U.S. orthopedic joint replacement market reached $5.98 billion in 2022 and is projected to grow at 7.9% CAGR through 2030. Key findings from the market analysis include: Market Segments:  Knee replacements lead the market, with 1.49 million procedures performed between 2012- 2021  Total joint replacements dominate over partial replacements  Hospitals and ambulatory surgical centers are the primary care settings Growth Drivers:  Rising elderly population  Increasing adoption of robotic surgeries (projected 673% increase by 2030)  Development of patient-specific 3D printed implants  Total knee procedures expected to reach 1.53 million by 2050 Major Companies:  Stryker  Zimmer Biomet  Johnson & Johnson Services  Smith & Nephew Recent Developments:  November 2022: ConforMIS launched the Imprint Knee System  October 2022: THINK Surgical received $100 million investment for robotic surgery products  August 2022: Exatech expanded recall of hip replacement devices with polyethylene components Report- Fortune Business Insights - U.S. Orthopedic Joint Replacement Market Growth https://www.fortunebusinessinsights.com/u-s-orthopedic-joint-replacement-market-108304

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