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Artificial Joints Market

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Artificial Joints Market - Size, Share, Growth,
Outlook, and Opportunity Analysis, 2018-2026
Joint diseases and related conditions causes degradation of cartilage and fluid between bones, which
is necessary for smooth, painless, and quick movement of joints. Degenerative disorders such as
osteoarthritis and stress related conditions results in abnormalities in the joints, which in turn, requires
surgical procedure, arthroplasty. Arthroplasty is the medical procedure to treat joints for effective and
pain free movement of the interlinked bones. The procedure is mostly carried out for large joints such
as hip, shoulder, elbow, and knees. An ideal artificial joint is made to withstand joint biocompatibility,
wear, kinetic impacts, and antibacterial properties. Various materials are used such as ceramic (silica,
zirconia, hydroxyapatite, titanium nitride, and silicon nitride), alloys (titanium and Chromium cobalt
based alloys), Oxinium, and polyethylene (cross-linked polyethylene and ultra-high molecular weight
polyethylene). However, the combination of materials such as metal-on-metal, metal-on-ceramic,
ceramic-on-metal, metal-on-polyethylene, and ceramic-on-polyethylene are widely used in the
market.
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Rising geriatric population and obese individuals is leading to the musculoskeletal disorders,
hypertension, and other lifestyle diseases. Osteoarthritis is the most prevalent musculoskeletal
disease affecting geriatric population, causing a rise in demand for artificial joints. Moreover, the
artificial joints with integrated circuits and other R&D initiatives relevant to the artificial joints
accessing brain neuron impulses are expected to further drive growth of the market. However, factors
such as high cost of artificial joints and product recalls are expected to hamper growth of the market.
According to the estimates of American Joint Replacement Registry (AJRR), hip or knee surgeries
are performed on around 7 million people in the U.S. Hip and Knee surgeries account for more than
85% of the total joint replacement surgeries in the U.S. Similarly, according to National Joint Registry,
in 2016, around 101,651 hip, 108,713 knees, 6,967 shoulders, and 722 elbow replacement surgeries
were performed in U.K.
High healthcare expenditure and continuous R&D initiatives in the development of
artificial joints is expected to propel growth of the market in North America
North America is expected to hold a dominant position in the global artificial joints market over
the forecast period. This is mainly due to presence of developed healthcare infrastructure, high
healthcare expenditure, and continuous R&D initiatives in the development of artificial joints.
Asia Pacific is projected to exhibit above average growth over the forecast period, owing to the
presence of large pool of population suffering from joint related diseases coupled with presence
of untapped market opportunity and developing healthcare infrastructure.
The global artificial joints market is witnessing a launch of novel technologies which are expected
to increase the efficiency of joint replacement surgeries. In 2017, the Corin Group introduced
Optimized Positioning System (OPS) for hip replacement surgeries. OPS helps surgeons in
determining the position and orientation of hip implant on the basis patient’s anatomy and
movement. In 2017, Stryker Corporation introduced robotic arm assisted total knee arthroplasty,
to be used with Mako system. This is the first robotic technology that could be used for total
knee, hip, and partial knee replacements.
Report includes chapters which deeply display the following deliverable about industry :
• Artificial Joints Market Research Objective and Assumption
• Artificial Joints Market Purview - Report Description, Executive Summary, and Coherent Opportunity
Map (COM)
• Artificial Joints Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory
Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain
Analysis, Porter’s Analysis, and PEST Analysis
• Global Artificial Joints Market, By Regions
• Artificial Joints Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Artificial Joints Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Artificial Joints Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers
of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning
and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Artificial Joints Market Forecast including Production, Consumption, Import and Export Forecast by
Type, Applications and Region.
• Research Findings and Conclusion
Some of the major players operating in the global artificial joints market are Abbott
Laboratories, Boston Scientific, Stryker Corporation, Intuitive Surgical Inc., Zimmer
Biomet Holdings Inc., Smith and Nephew Plc, Varian Medical Systems, Sonova
Holdings AG., Aesculap AG, Arthrex, Globus Medical, and JRI orthopedics.
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Global Artificial Joints Market Taxonomy
On the basis of material type, the global artificial joints market is segmented into:
•
•
•
•
Ceramics
Alloys
Oxinium
Others
On the basis of application, the global artificial joints market is segmented into:
•
•
•
•
Artificial Joints of Hip
Artificial Joints of Knee
Artificial Joints of Shoulder
Others
On the basis of product type, the global artificial joints market is segmented into:
• Cemented Joints
• Non-Cemented Joints
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absolute dollar opportunity.
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Author
Rushikesh
Rushikesh77   documents Email
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