Enjoy complimentary customisation on priority with our Enterprise License!
The aging population is steadily affected by several musculoskeletal disorders such as osteoporosis, osteoarthritis, fractures, and infections. Arthritis also affects this segment of the population, as with aging, the ability of the tissue to perform normal functions reduces. Technavio’s market study identifies the increasing incidence of age-related musculoskeletal disorders to be one of the major factors for artificial joints market growth. These disorders are consequent in loss of mobility and physical independence, consequently, increasing the demand for artificial joints. According to the artificial joints industry analysis, the market will grow steadily at a CAGR of almost 6% by 2021.
The demand for MI surgeries is steadily increasing globally, as these advanced surgeries reduce the physical trauma and risk of infections. MI surgeries aid in quick recovery, short hospital stays, and improved comfort, while, providing high efficiency. MI procedures for artificial joints evolving and improved the management of several diseases. According to our research and analysis, the increasing demand for MI surgeries is one of the key trends that will gain traction in the artificial joints market during the next few years.
The artificial joints market appears to be concentrated since it is dominated by four key players who account for the major market shares. These key vendors are focused on expanding their geographical presence by entering the market in developing countries by forming M&As with regional vendors. Manufacturers in the joint replacement market intensely compete especially in terms of pricing, product differentiation, and distribution partnerships.
The leading vendors in the market are
The other prominent vendors in the market are Arthrex, Acumed, Aesculap Implant Systems, AK Medical, BioPro, DJO Surgical, Extremity Medical, Integra LifeSciences, JRI Orthopaedics, Lima Corporate (acquired by EQT VII), Medtronic, Orthofix, and Wright Medical.
Shoulder
The increasing prevalence of arthritis and obesity globally have furthered the growth of the knee application segment in the joint replacement market. Advances in knee surgery and usage of knee implants have reduced pain, improved the quality of life of patients, reduced post-operative pain, decreased the number of readmissions to hospitals, and enabled faster recovery. Rising adoption of advanced knee replacement procedures and increasing awareness further contribute to the growth of the artificial joints market in the knee application segment.
Consumers suffering from joint ailments prefer hospitals to undergo surgeries as they must be kept under observation for a few hours after surgeries. Hospitals are the primary end-user of artificial joints to cater to the growing demand for artificial joints and knee surgeries. Also, they are increasingly adopting technologically advanced and highly precise products, to attain a strong market share in the joint replacement market.
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Technavio also offers customization on reports based on specific client requirement.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: SEGMENTATION BY APPLICATION
PART 07: SEGMENTATION BY PRODUCT TYPE
PART 08: SEGMENTATION BY END-USER
PART 09: SEGMENTATION BY GEOGRAPHY
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.