Market Overview:
The global artificial limbs and joints market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of orthopedic diseases, rising geriatric population, and technological advancements in prosthetic devices. The artificial knee segment is expected to account for the largest share of the global artificial limbs and joints market in 2018. This segment is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to the increasing incidence of osteoarthritis and other orthopedic diseases, growing demand for minimally invasive surgeries, and technological advancements in prosthetic devices. The hospital application segment is expected to account for the largest share of the global artificial limbs and joints market in 2018.
Product Definition:
An artificial limb (plural: limbs) is a prosthesis that replaces a missing body extremity, such as an arm or leg. Artificial limbs are typically made from metal alloys, plastics, and carbon fiber materials. A typical artificial limb replacement consists of an upper and lower extremity.
The importance of artificial limbs and joints lies in their ability to improve the quality of life for amputees by restoring function lost due to amputation.
Artificial Knee:
Artificial knee, also known as orthopedic knee is a medical device used to replace the native knee joint. It consists of two parts: the prosthesis and the implant. The prosthesis part includes various components like a cup, an internal mechanism (if required), and two plastic or metal rods which are connected by screws. The implantation part involves surgical procedures wherein either all or some of the bones in a patient's own legs are replaced with artificial ones.
Artificial Hip:
Artificial hip is a device that is implanted into the body to provide mobility in the absence of a natural hip joint. The artificial hip can be used as an alternative to total joint arthroplasty (TKA) or as an addition to TKA. It provides similar functionality and performance of a normal hip, but with added stability and reduced wear & tear.
The artificial HIP acts as both ball-and socket.
Application Insights:
The hospital application segment accounted for the largest revenue share in 2017 and is projected to expand at a steady CAGR over the forecast period. The increasing number of hospitals, especially in developing countries like India and China, due to growing population coupled with rising geriatric population is expected to drive demand for AALJ.
The rise in trauma cases resulting from road accidents and other causes has created a need for advanced surgical procedures that require total knee replacement or partial knee replacement followed by total hip replacement or revisional surgery requiring artificial joint. Such factors are expected to increase demand for AALJ devices during the forecast period which can be used as an indicator of its growth rate over the next eight years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing incidence of osteoarthritis, growing geriatric population, rising number of trauma cases and accidents, and high adoption rate for advanced artificial limbs & joints. In addition, favorable reimbursement policies are also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing government initiatives for improving healthcare infrastructure coupled with rising awareness about advanced products & services in this region. Moreover, economic development in countries such as India and China is further expected to boost demand for these devices thereby driving regional market growth over the forecast period.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for artificial limbs and joints, as they are used to improve mobility and quality of life among elderly patients.
- Rising incidence of injuries and accidents: There is a rise in the incidence of injuries due to road accidents, falls, sports activities, etc., which is leading to an increased demand for artificial limbs and joints worldwide. In addition, technological advancements are helping reduce post-injury rehabilitation time, thereby driving market growth.
- Growing awareness about advanced prosthetic technologies: There is growing awareness about advanced prosthetic technologies among amputees as well as healthcare professionals across the globe. This has led to an increased adoption of technologically advanced prostheses such as microprocessor knees (MPKs) by patients globally. This is further propelling market growth during the forecast period 2016-2020 .
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Limbs and Joints Market Research Report
By Type
Artificial Knee, Artificial Hip, Artificial Elbow, Artificial Shoulder, Artificial Arm, Artificial Leg
By Application
Hospital, Clinic
By Companies
Zimmer, DePuy, Stryker, Smith & Nephew, Biomet, Zimmer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Limbs and Joints Market Report Segments:
The global Artificial Limbs and Joints market is segmented on the basis of:
Types
Artificial Knee, Artificial Hip, Artificial Elbow, Artificial Shoulder, Artificial Arm, Artificial Leg
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zimmer
- DePuy
- Stryker
- Smith & Nephew
- Biomet
- Zimmer
Highlights of The Artificial Limbs and Joints Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Artificial Knee
- Artificial Hip
- Artificial Elbow
- Artificial Shoulder
- Artificial Arm
- Artificial Leg
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Artificial Limbs and Joints Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Artificial limbs and joints are devices that allow people to regain use of their lost limbs or joints.
Some of the key players operating in the artificial limbs and joints market are Zimmer, DePuy, Stryker, Smith & Nephew, Biomet, Zimmer.
The artificial limbs and joints market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Artificial Limbs and Joints Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Artificial Limbs and Joints Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Artificial Limbs and Joints Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Artificial Limbs and Joints Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Artificial Limbs and Joints Market Size & Forecast, 2018-2028 4.5.1 Artificial Limbs and Joints Market Size and Y-o-Y Growth 4.5.2 Artificial Limbs and Joints Market Absolute $ Opportunity
Chapter 5 Global Artificial Limbs and Joints Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Artificial Limbs and Joints Market Size Forecast by Type
5.2.1 Artificial Knee
5.2.2 Artificial Hip
5.2.3 Artificial Elbow
5.2.4 Artificial Shoulder
5.2.5 Artificial Arm
5.2.6 Artificial Leg
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Artificial Limbs and Joints Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Artificial Limbs and Joints Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Artificial Limbs and Joints Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Artificial Limbs and Joints Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Artificial Limbs and Joints Analysis and Forecast
9.1 Introduction
9.2 North America Artificial Limbs and Joints Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Artificial Limbs and Joints Market Size Forecast by Type
9.6.1 Artificial Knee
9.6.2 Artificial Hip
9.6.3 Artificial Elbow
9.6.4 Artificial Shoulder
9.6.5 Artificial Arm
9.6.6 Artificial Leg
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Artificial Limbs and Joints Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Artificial Limbs and Joints Analysis and Forecast
10.1 Introduction
10.2 Europe Artificial Limbs and Joints Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Artificial Limbs and Joints Market Size Forecast by Type
10.6.1 Artificial Knee
10.6.2 Artificial Hip
10.6.3 Artificial Elbow
10.6.4 Artificial Shoulder
10.6.5 Artificial Arm
10.6.6 Artificial Leg
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Artificial Limbs and Joints Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Artificial Limbs and Joints Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Artificial Limbs and Joints Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Artificial Limbs and Joints Market Size Forecast by Type
11.6.1 Artificial Knee
11.6.2 Artificial Hip
11.6.3 Artificial Elbow
11.6.4 Artificial Shoulder
11.6.5 Artificial Arm
11.6.6 Artificial Leg
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Artificial Limbs and Joints Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Artificial Limbs and Joints Analysis and Forecast
12.1 Introduction
12.2 Latin America Artificial Limbs and Joints Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Artificial Limbs and Joints Market Size Forecast by Type
12.6.1 Artificial Knee
12.6.2 Artificial Hip
12.6.3 Artificial Elbow
12.6.4 Artificial Shoulder
12.6.5 Artificial Arm
12.6.6 Artificial Leg
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Artificial Limbs and Joints Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Artificial Limbs and Joints Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Artificial Limbs and Joints Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Artificial Limbs and Joints Market Size Forecast by Type
13.6.1 Artificial Knee
13.6.2 Artificial Hip
13.6.3 Artificial Elbow
13.6.4 Artificial Shoulder
13.6.5 Artificial Arm
13.6.6 Artificial Leg
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Artificial Limbs and Joints Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Artificial Limbs and Joints Market: Competitive Dashboard
14.2 Global Artificial Limbs and Joints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zimmer
14.3.2 DePuy
14.3.3 Stryker
14.3.4 Smith & Nephew
14.3.5 Biomet
14.3.6 Zimmer