[160 Pages Research Report] Artificial Joints Market will expand at a 6.8% CAGR over the forecast period 2023 to 2030. Artificial joints, also known as prosthetic joints, are devices used to replace damaged or diseased joints, such as those affected by arthritis. They are made of materials such as metal, ceramic, or plastic, and can be designed to replicate the natural movement and function of the joint being replaced. The global artificial joint market has been growing rapidly in recent years due to an increase in the prevalence of joint-related diseases, an aging population, and advancements in technology.
Market Drivers:
One of the major drivers of the artificial joints market is the rising prevalence of joint-related diseases, such as osteoarthritis and rheumatoid arthritis. According to the World Health Organization, around 10% of men and 18% of women aged over 60 years have symptomatic osteoarthritis worldwide. In addition, the prevalence of rheumatoid arthritis is increasing, with an estimated 1% of the global population affected. These diseases can cause significant pain and disability, leading to a decreased quality of life. Artificial joints offer a way to alleviate pain and restore mobility, thereby improving the quality of life for patients with joint-related diseases.
Another factor contributing to the growth of the artificial joints market is the aging population. As the population ages, the number of people requiring joint replacement surgery is expected to increase. In addition, older patients may have more complex medical needs, requiring more specialized types of artificial joints.
Market Challenges:
One of the challenges facing the artificial joints market is the high cost of joint replacement surgery. While the cost of the implants themselves has decreased in recent years, the overall cost of the procedure, including hospitalization, anesthesia, and rehabilitation, can still be prohibitively expensive for many patients. In addition, insurance coverage for joint replacement surgery varies widely depending on the country and the type of insurance plan.
Market Opportunities:
One of the key opportunities in the artificial joints market is the development of personalized implants. With the advent of 3D printing technology, it is now possible to create customized implants that are tailored to an individual patient's anatomy. This can lead to better outcomes, as the implant can be designed to fit the patient's joint perfectly, reducing the risk of implant failure, and improving the range of motion.
Segmentation Analysis:
The global Artificial Joints Market is segmented based on Material, application
By Material:
By Application:
By End-User:
Competitive Landscape:
The key players propel to the Artificial Joints Market include
Regional Analysis:
Throughout the projected period, North America is likely to have a dominating position in the global artificial joints market. This is mostly owing to the availability of sophisticated healthcare infrastructure, significant healthcare spending, and ongoing research and development endeavors in the creation of artificial joints. Asia Pacific is expected to expand faster than the rest of the world during the forecast period, owing to the existence of a large population suffering from joint-related disorders, as well as an unexplored market potential and improving healthcare infrastructure.
1. Executive Summary
1.1 Introduction to Artificial Joints Markets
1.2 Artificial Joints Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Artificial Joints Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Artificial Joints Market Trends
3.2 Key Artificial Joints Market Growth Drivers
3.3 Key Artificial Joints Market Growth Restraints
4 Artificial Joints Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Artificial Joints Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Artificial Joints Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Artificial Joints Market Size Outlook to 2030
5. Artificial Joints Market Segmentation- Outlook by Type
5.1 Artificial Joints Market Share Analysis by Type, 2023
5.2 Ceramics Market Outlook to 2030
5.3 Alloy-based Artificial Joints Market Outlook to 2030
5.4 Oxinium-based Artificial Joints Market Outlook to 2030
5.5 Others
6. Artificial Joints Market Segmentation- Outlook by Application
6.1 Artificial Joints Market Share Analysis by Application, 2023
6.2: Artificial Joints of Knee Market Outlook to 2030
6.3: Artificial Joints of Hip Market Outlook to 2030
6.4 Artificial Joints of Shoulder Market Outlook to 2030
6.5 Others
7. Artificial Joints Market Segmentation- Outlook by End-User
7.1 Artificial Joints Market Share Analysis by Application, 2023
7.2 Hospitals and Clinics: Artificial Joints Market Outlook to 2030
7.3 Ambulatory Care Centers: Artificial Joints Market Outlook to 2030
7.4 Others
8. North America Artificial Joints Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Artificial Joints Market Growth Opportunities
8.2.1 North America Artificial Joints Market Outlook by Type, 2021 to 2030
8.2.2 North America Artificial Joints Market Outlook by Application, 2021 to 2030
8.2.3 North America Artificial Joints Market Outlook by Country, 2021 to 2030
8.3 United States Artificial Joints Market Outlook, 2021 to 2030
8.4 Canada Artificial Joints Market Outlook, 2021 to 2030
8.5 Mexico Artificial Joints Market Outlook, 2021 to 2030
9. Europe Artificial Joints Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Artificial Joints Market Growth Opportunities
9.2.1 Europe Artificial Joints Market Outlook by Type, 2021 to 2030
9.2.2 Europe Artificial Joints Market Outlook by Application, 2021 to 2030
9.2.3 Europe Artificial Joints Market Outlook by Country, 2021 to 2030
9.3 Germany Artificial Joints Market Outlook, 2021 to 2030
9.4 France Artificial Joints Market Outlook, 2021 to 2030
9.5 United Kingdom Artificial Joints Market Outlook, 2021 to 2030
9.6 Spain Artificial Joints Market Outlook, 2021 to 2030
9.7 Italy Artificial Joints Market Outlook, 2021 to 2030
9.8 Other Europe Artificial Joints Market Outlook, 2021 to 2030
10. Asia Pacific Artificial Joints Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Artificial Joints Market Growth Opportunities
10.2.1 Asia Pacific Artificial Joints Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Artificial Joints Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Artificial Joints Market Outlook by Country, 2021 to 2030
10.3 China Artificial Joints Market Outlook, 2021 to 2030
10.4 Japan Artificial Joints Market Outlook, 2021 to 2030
10.5 India Artificial Joints Market Outlook, 2021 to 2030
10.6 South Korea Artificial Joints Market Outlook, 2021 to 2030
10.7 Indonesia Artificial Joints Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Artificial Joints Market Outlook, 2021 to 2030
11. South and Central America Artificial Joints Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Artificial Joints Market Growth Opportunities
11.2.1 South and Central America Artificial Joints Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Artificial Joints Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Artificial Joints Market Outlook by Country, 2021 to 2030
11.3 Brazil Artificial Joints Market Outlook, 2021 to 2030
11.4 Argentina Artificial Joints Market Outlook, 2021 to 2030
11.5 Other Latin America Artificial Joints Market Outlook, 2021 to 2030
12. Middle East and Africa Artificial Joints Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Artificial Joints Market Growth Opportunities
12.2.1 Middle East and Africa Artificial Joints Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Artificial Joints Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Artificial Joints Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Artificial Joints Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Artificial Joints Market Outlook, 2021 to 2030
12.5 Other Middle East Artificial Joints Market Outlook, 2021 to 2030
12.6 Egypt Artificial Joints Market Outlook, 2021 to 2030
12.7 South Africa Artificial Joints Market Outlook, 2021 to 2030
12.8 Other Africa Artificial Joints Market Outlook, 2021 to 2030
13. Profiles of major world Artificial Joints Companies
13.1 Aesculap AG- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.2 AK Medical- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.3 Arthrex- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.4 Biomet Inc.- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.5 Johnson and Johnson- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.6 DJO Global Inc.- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.7 Exactech, Inc.- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.8 Globus Medical Inc.- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.9 JRI Orthopaedics- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.10 Medtronic, Inc.- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
By Material:
By Application:
By End-User:
Technological advancements in the field of materials used for artificial joints, increasing healthcare expenditures, growing prevalence of conditions requiring artificial joints, strong demand growth in emerging countries are among the key market driving forces.
The industry is poised to register a 6.8% growth rate, compounded annually between 2023 and 2030
Aesculap AG, AK Medical, Arthrex, Biomet Inc., Johnson and Johnson, DJO Global Inc., Exactech, Inc., Globus Medical Inc., JRI Orthopaedics, Medtronic, Inc., and others continue to invest significantly in new product launches and business expansions.
Increasing prevalence of musculoskeletal disorders offer strong growth prospects for artificial joints