Market Overview:
The global artificial upper 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 musculoskeletal disorders, rising geriatric population, and technological advancements in artificial upper limb joint products. The finger joints segment is expected to account for the largest share of the global artificial upper limb joints market in 2018, followed by shoulder joints, wrist joints, and other segments. The medical supplies store segment is expected to account for the largest share of the global artificial upper limb joint market in 2018, followed by clinic and hospital segments.
Product Definition:
An artificial joint, also known as an implant, is a medical device that replaces a natural joint in the body. Artificial upper limb joints are used to replace the shoulder, elbow and knee joints. They are important because they restore mobility to patients who have lost it due to injury or disease.
Finger Joints:
Finger joints is a group of small bones in the human hand that allows it to be opened and closed. The material used for finger joints is very similar to that used for knee cap (tibia) and hip joint (femur) which makes them extremely durable. They are made up of hyaline cartilage hence they do not possess any blood vessels or nerves.
Shoulder Joints:
The Shoulder Joints are ball and socket type joints that allow the shoulder to move in multiple directions. The shoulder joint is located in the middle of the upper arm, just below the neck. It allows a wide range of motion through several degrees of freedom of movement. The shoulder joint is one of the most commonly replaced body parts due to its frequent use and ability to perform various movements with ease.
Application Insights:
The medical supplies store segment dominated the market in 2017. This is attributed to increasing demand for artificial joints as a result of growing geriatric population, rising number of trauma cases and increasing number of accidents. Moreover, introduction of technologically advanced products with improved designs is expected to boost growth over the forecast period.
The clinic segment is expected to witness significant growth over the forecast period owing to increase in patient visits due to rising incidences such as sports injuries and arthritis.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing cases of arthritis and other joint related problems, rising adoption of advanced technologies, high healthcare expenditure by the government and a well-developed healthcare infrastructure. Moreover, favorable reimbursement policies are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing geriatric population coupled with growing disposable income levels in emerging economies such as China and India. In addition, improving medical infrastructure is also likely to contribute toward regional growth over next eight years.
The Asia Pacific region comprises developing countries such as India.
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 upper limb joints, as they are used to improve mobility and quality of life among elderly patients.
- Rising incidence of arthritis: Arthritis is a leading cause of disability worldwide, affecting over 350 million people globally. It is a chronic condition that leads to inflammation and pain in the joints, which can severely impair mobility. The increasing incidence of arthritis will lead to an increase in demand for artificial upper limb joints, as they help improve joint function and reduce pain among patients suffering from this condition.
- Technological advancements: There has been significant progress made in the field of prosthetics technology over recent years, with new materials and designs being developed that offer improved functionality and durability compared to traditional prostheses devices . This technological advancement will spur growth prospects for the artificial upper limb joints market over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Upper Limb Joints Market Research Report
By Type
Finger Joints, Shoulder Joints, Wrist Joints, Other
By Application
Medical Supplies Store, Clinic, Hospital
By Companies
Zimmer, Johnson & Johnson, Stryker, Smith & Nephew, Biomet, Arthrex, AESCULAP, Wright Medical, Exactech, Chunli, Wego, AK Medical, SAMO, Limacorporate
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Upper Limb Joints Market Report Segments:
The global Artificial Upper Limb Joints market is segmented on the basis of:
Types
Finger Joints, Shoulder Joints, Wrist Joints, 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:
- Zimmer
- Johnson & Johnson
- Stryker
- Smith & Nephew
- Biomet
- Arthrex
- AESCULAP
- Wright Medical
- Exactech
- Chunli
- Wego
- AK Medical
- SAMO
- Limacorporate
Highlights of The Artificial Upper 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:
- Finger Joints
- Shoulder Joints
- Wrist Joints
- 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 Upper 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 upper limb joints are devices that allow people with limited mobility to move their arms and hands. They can be used to help people who have lost the use of their limbs due to injury or disease.
Some of the key players operating in the artificial upper limb joints market are Zimmer, Johnson & Johnson, Stryker, Smith & Nephew, Biomet, Arthrex, AESCULAP, Wright Medical, Exactech, Chunli, Wego, AK Medical, SAMO, Limacorporate.
The artificial upper limb joints market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Artificial Upper 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 Upper Limb Joints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Artificial Upper 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 Upper 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 Upper Limb Joints Market Size & Forecast, 2020-2028
4.5.1 Artificial Upper Limb Joints Market Size and Y-o-Y Growth
4.5.2 Artificial Upper 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 Finger Joints
5.2.2 Shoulder Joints
5.2.3 Wrist Joints
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 Upper 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 Upper 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 Finger Joints
9.6.2 Shoulder Joints
9.6.3 Wrist Joints
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 Finger Joints
10.6.2 Shoulder Joints
10.6.3 Wrist Joints
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 Finger Joints
11.6.2 Shoulder Joints
11.6.3 Wrist Joints
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 Finger Joints
12.6.2 Shoulder Joints
12.6.3 Wrist Joints
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 Finger Joints
13.6.2 Shoulder Joints
13.6.3 Wrist Joints
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 Upper Limb Joints Market: Competitive Dashboard
14.2 Global Artificial Upper Limb Joints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zimmer
14.3.2 Johnson & Johnson
14.3.3 Stryker
14.3.4 Smith & Nephew
14.3.5 Biomet
14.3.6 Arthrex
14.3.7 AESCULAP
14.3.8 Wright Medical
14.3.9 Exactech
14.3.10 Chunli
14.3.11 Wego
14.3.12 AK Medical
14.3.13 SAMO
14.3.14 Limacorporate
