Artificial Joints Market By Material (Ceramics, Alloys, Oxinium), By Application (Artificial Joints Of Knee, Artificial Joints Of Hip, Artificial Joints Of Shoulder) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

Artificial joint is ceramic, metal or other compatible device that is surgically implanted to replace a natural joint to correct join abnormalities and to enhance join function. Rising geriatric and obese population, increasing incidence of diseases such as osteoarthritis and arthritis, technological advancement are the key growth drivers of global artificial joints market.

The report titled “Artificial Joints Market - Growth, Future Prospects and Competitive Analysis, 2016–2024” offers strategic insights into the overall artificial joints market along with the market size and estimates for the duration 2014 to 2024. The research study covers in-depth analysis of market segments based on material type (ceramics, alloys, oxinium and other material), application (artificial joints of knee, hip, shoulder and other) and different geographical regions.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in global artificial joints market, attractive investment proposition and market positioning of key manufacturers sections. Other in-depth analysis provided in the report includes:

Geographically, the global artificial joint market is studied for the following regional markets:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
  • Middle East and Africa

Market size and forecast for these regional and country level markets are presented in this study for the period 2014-2024. Market growth rates for the forecast period 2016-2024 are also included in this report, considering 2015 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global artificial joints market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global artificial joints market. This report concludes with company profiles section that highlights major information about the key players engaged in global artificial joints market. In-depth competitive environment analysis and historical years (2014) market size data are also provided in the report. 

Thus, the research study provides a holistic view of the global artificial joints market, offering market size and estimates for the period from 2014 to 2024, keeping in mind the above-mentioned factors.

Artificial Joints Market

For the purpose of this study, the global artificial joints market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Artificial Joints Market

In the base year 2015, North America was dominating artificial joint market in terms of revenue and it is anticipated to further grow during forecast period 2016-2024. Factors such as rising geriatric and obese population, upsurge in funding by government agencies and private organizations in healthcare system, increasing incidence of osteoarthritis, arthritis and other musculoskeletal diseases, high healthcare expenditure, continuous R&D activities pertaining to the development of novel artificial joints drive the market growth of artificial joints market in North America. Many studies indicated that incidence of adults younger than age 65 undergoing total knee and hip replacement surgeries contributing the market growth in North America. According to American Academy of Orthopaedic Surgeons (AAOS) more than 7 Mn Americans are living with artificial (prosthetic) hip and knee. California, Florida and Texas are major revenue contributing regions in North America. Joint replacement surgery performed on knee, hip, ankle, wrist, shoulder, and elbow joints. However, among these, knee and hip joint surgeries are most commonly performed globally. Europe is the second largest revenue generating regional market for artificial joints. Factors such as increasing demand for minimally invasive surgeries, higher cost of replacement device and growth in health expenditure drive the market growth in Europe. Austria, Belgium, Germany and Switzerland are major revenue contributing countries in Europe as these countries have the highest rate of knee and hip replacement surgeries. Currently, Asia Pacific is not a major revenue generating segment and it is anticipated that it will experience a sluggish growth during the forecast period. Factors such as increasing population, continuous economic development and developing healthcare infrastructure contribute the market growth in Asia Pacific.

Choose License Type
Published Date:  Mar 2017
Category:  Medical Devices
Report ID:   58384
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
Connect With Us
24/7 Research Support