Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Artificial Limbs and Joints Market by Type (Artificial Knee, Artificial Hip, Artificial Elbow, Artificial Shoulder, Artificial Arm, Artificial Leg), By Application (Hospital, Clinic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Artificial Limbs and Joints Market by Type (Artificial Knee, Artificial Hip, Artificial Elbow, Artificial Shoulder, Artificial Arm, Artificial Leg), By Application (Hospital, Clinic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 286513 4200 Medical Devices & Consumables 377 172 Pages 4.9 (46)
                                          

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.


Global Artificial Limbs and Joints Industry Outlook


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:

  1. Zimmer
  2. DePuy
  3. Stryker
  4. Smith & Nephew
  5. Biomet
  6. Zimmer

Global Artificial Limbs and Joints Market Overview


Highlights of The Artificial Limbs and Joints Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Artificial Knee
    2. Artificial Hip
    3. Artificial Elbow
    4. Artificial Shoulder
    5. Artificial Arm
    6. Artificial Leg
  1. By Application:

    1. Hospital
    2. Clinic
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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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Global Artificial Limbs and Joints Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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