'The Global Market for Large Joint Reconstruction Devices Will be Worth $22.6bn by 2022' Says Visiongain's Report

'The Global Market for Large Joint Reconstruction Devices Will be Worth $22.6bn by 2022' Says Visiongain's Report PR Newswire LONDON, October 18, 2012 LONDON, October 18, 2012 /PRNewswire/ -- A new report by Visiongain, a London-based business information provider, predicts that the global market for large joint reconstruction devices will be worth $22.6bn by 2022. This market generated sales of $12.8bn in 2011. Although, the large joint reconstruction market remained under pressure in 2011 owing to decrease in procedure volumes, high unemployment rates and increase in pricing pressures, the market is expected to achieve strong growth during the forecast period 2012-2022. Hip and knee implants constitute the major segments of this sector. Key factors in the growth of this market will be the global aging population and rising incidence of obesity. Amritha.M.Ramakrishnan, healthcare industry analyst, says: "New product innovations, new surgical techniques and better implant materials will drive growth in the coming years. There is a trend towards the use of minimally invasive procedures, customised implants and robotic technologies, which is expected to grow during the forecast period. Moreover, increased direct-to-consumer marketing has raised awareness of available treatments, fuelling market growth. The emerging countries like India and China are expected to achieve strong growth during the forecasted period driven by their fast growing economies.