Market Overview:
The global artificial lower limb 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 prevalence of arthritis and other joint diseases, rising geriatric population, and technological advancements in artificial lower limb joints products. Based on type, the global artificial lower limb joints market is segmented into knee joint, ankle joint, pelvic joint, and other types. The knee joint segment is expected to account for the largest share of the global artificial lower limb joints market in 2018. This segment is also projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to increasing incidence of arthritis and other knee-related disorders among adults globally. Based on application, the global artificial lower limb joints market is divided into medical supplies stores, clinics/hospitals/orthopedic centers/rehabilitation centers), and others (research institutes & universities).
Product Definition:
Artificial lower limb joints are medical devices that replace the function of a natural joint in the body. The artificial joint is implanted into the patient's body and helps to restore movement and function to the area where the natural joint was removed. Artificial lower limb joints are used to replace damaged or diseased joints in patients with arthritis, rheumatoid arthritis, or other conditions that affect joint health.
Knee Joint:
The knee joint is a hinge mechanism that allows the femur to move in relation to the tibia. There are two types of joints in the knee, namely, direct and indirect. The indirect type has a larger range of motion than direct type but it is structurally simpler.
Ankle Joint:
Ankle joint is a small ball and socket connection at the end of the bone (tibia or fibula) in the lower leg. The foot is attached to this ankle by means of a hinge-like mechanism. Ankle joints are very common deformities that occur with age, obesity, and other diseases. They can be treated through surgery or without any surgery as per patient’s requirement.
Application Insights:
The medical supplies store segment dominated the market in 2017. This can be attributed to growing geriatric population, increasing number of orthopedic surgeries and rising awareness among consumers regarding knee implants. Moreover, a rise in the adoption of artificial joints as they offer better stability and mobility is expected to fuel segment growth over the forecast period.
Clinic is expected to be one of the fastest-growing application segments during the forecast period owing to increasing number of knee replacement procedures being performed there every day.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to rising incidence of arthritis and other joint diseases, high adoption of advanced technologies, and presence of well-established healthcare facilities in the region. Moreover, increasing government funding for R&D activities pertaining to artificial limbs is also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR over the forecast period owing to growing medical tourism industry in countries such as China and India.
Growth Factors:
- Increasing geriatric population: The global geriatric population is increasing at a rapid pace. This is expected to drive the demand for artificial lower limb joints, as they are more susceptible to injuries and require replacement surgeries.
- Rising incidence of arthritis: Arthritis is a major cause of disability, and affects millions of people across the globe. This is expected to drive the demand for artificial lower limb joints, as they can help improve mobility in patients suffering from arthritis.
- Technological advancements: The technological advancements in the field of prosthetics are helping create better and more advanced artificial lower limb joints. This is likely to boost the growth of this market in the coming years.
- Growing awareness about prosthetics: There has been a growing awareness about prosthetic devices in recent years, which is helping fuel the growth of this market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Lower Limb Joints Market Research Report
By Type
Knee Joint, Ankle Joint, Pelvic Joint, Other
By Application
Medical Supplies Store, Clinic, Hospital
By Companies
Johnson & Johnson, Ottobock, Stryker, DJO(Colfax Corporation), Ossur, Smith & Nephew, Biomet, Arthrex, AESCULAP, Wright Medical, Exactech
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Lower Limb Joints Market Report Segments:
The global Artificial Lower Limb Joints market is segmented on the basis of:
Types
Knee Joint, Ankle Joint, Pelvic Joint, Other
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
Medical Supplies Store, Clinic, Hospital
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:
- Johnson & Johnson
- Ottobock
- Stryker
- DJO(Colfax Corporation)
- Ossur
- Smith & Nephew
- Biomet
- Arthrex
- AESCULAP
- Wright Medical
- Exactech
Highlights of The Artificial Lower Limb 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:
- Knee Joint
- Ankle Joint
- Pelvic Joint
- Other
- By Application:
- Medical Supplies Store
- Clinic
- Hospital
- 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 Lower Limb 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.
How you may use our products:
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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 lower limb joints are devices that allow people with disabilities to walk and move around more easily. They can be used to replace the natural joints in a person's feet or legs, or they can be used together with other prosthetic devices.
Some of the major players in the artificial lower limb joints market are Johnson & Johnson, Ottobock, Stryker, DJO(Colfax Corporation), Ossur, Smith & Nephew, Biomet, Arthrex, AESCULAP, Wright Medical, Exactech.
The artificial lower limb 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 Lower Limb 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 Lower Limb Joints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Artificial Lower Limb 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 Lower Limb 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 Lower Limb Joints Market Size & Forecast, 2020-2028
4.5.1 Artificial Lower Limb Joints Market Size and Y-o-Y Growth
4.5.2 Artificial Lower Limb Joints Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Knee Joint
5.2.2 Ankle Joint
5.2.3 Pelvic Joint
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Medical Supplies Store
6.2.2 Clinic
6.2.3 Hospital
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Artificial Lower Limb 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 Lower Limb 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Knee Joint
9.6.2 Ankle Joint
9.6.3 Pelvic Joint
9.6.4 Other
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 Market Size Forecast by Applications
9.10.1 Medical Supplies Store
9.10.2 Clinic
9.10.3 Hospital
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Knee Joint
10.6.2 Ankle Joint
10.6.3 Pelvic Joint
10.6.4 Other
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 Market Size Forecast by Applications
10.10.1 Medical Supplies Store
10.10.2 Clinic
10.10.3 Hospital
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Knee Joint
11.6.2 Ankle Joint
11.6.3 Pelvic Joint
11.6.4 Other
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 Market Size Forecast by Applications
11.10.1 Medical Supplies Store
11.10.2 Clinic
11.10.3 Hospital
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Knee Joint
12.6.2 Ankle Joint
12.6.3 Pelvic Joint
12.6.4 Other
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 Market Size Forecast by Applications
12.10.1 Medical Supplies Store
12.10.2 Clinic
12.10.3 Hospital
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Knee Joint
13.6.2 Ankle Joint
13.6.3 Pelvic Joint
13.6.4 Other
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) Market Size Forecast by Applications
13.10.1 Medical Supplies Store
13.10.2 Clinic
13.10.3 Hospital
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 Lower Limb Joints Market: Competitive Dashboard
14.2 Global Artificial Lower Limb Joints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Ottobock
14.3.3 Stryker
14.3.4 DJO(Colfax Corporation)
14.3.5 Ossur
14.3.6 Smith & Nephew
14.3.7 Biomet
14.3.8 Arthrex
14.3.9 AESCULAP
14.3.10 Wright Medical
14.3.11 Exactech
