Industry Background:
The growing geriatric population and obese individuals and increasing incidence of osteoarthritis and arthritis are the factors driving the artificial joints market. An artificial joint is a metal or plastic part which is surgically fixed to interchange a natural joint which can be elbow or wrist but usually hip or knee. However, the lack of health infrastructure in underdeveloped and developing countries along with high price of surgery is hampering the market growth.This growth is primarily driven by Growing Geriatric Population and Obese Individuals
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Technology sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Aesculap AG (Germany), AK Medical (China), Arthrex (United States), Zimmer Biomet (United States), DJO Global, Inc. (United States), Globus Medical (United States), JRI Orthopaedics (United Kingdom), Medtronic, Inc. (Ireland), Smith & Nephew (United Kingdom) and Stryker Corp. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On Feb 25, 2019 - Stryker announced that it has completed the acquisition of Arrinex, Inc., a medical device company headquartered in Menlo Park, California, that has developed ClariFix, a novel cryoablation technology for the treatment of chronic rhinitis.
In August 2021, Zimmer Biomet and Canary Medical announced the FDA De Novo classification and marketing approval of the world's first and only smart knee implant. Persona IQ works in conjunction with Zimmer Biomet's remote management platform, mymobility® with Apple Watch®, and other components of the ZBEdge™ Connected Intelligence Suite.
Influencing Trend:
Rising Unhealthy Eating Habits
Market Growth Drivers:
Growing Geriatric Population and Obese Individuals and Increasing Incidence of Osteoarthritis and Arthritis
Challenges:
Growing Awareness for Some Non-Surgical Treatment
Restraints:
High Price of Surgery
Opportunities:
High Price of Surgery
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Artificial Joints Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Artificial Joints Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Artificial Joints players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Artificial Joints Study Sheds Light on
The Artificial Joints Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Artificial Joints industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Artificial Joints industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.