The global hip and knee surgical implants market is expected to hit $33 billion by 2022, based on a Researchmoz report, according to medGadget.
Here are five notes:
1. The market is positioned to grow due to the growing geriatric population.
2. Zimmer Biomet leads the market with the Zimmer M/L taper hip prosthesis and the Zimmer Kinectiv Technology.
3. Johnson & Johnson, Stryker and Smith & Nephew also lead the market.
4. In the last five years, industry profit margins have risen due to solid demand and sales.
5. The market totals $16.7 billion in 2016.