Market Overview:
The global orthopedic large joint replacement devices 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 arthritis and other musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic devices. The hip replacement segment is expected to account for the largest share of the global orthopedic large joint replacement devices market in 2018. This segment is also projected to grow at the highest CAGR during the forecast period. The knee replacement segment is expected to be second-largest in terms of share and growth rate during the forecast period. In terms of application, hospitals are expected to account for the largest share of the global orthopedic large joint replacement devices market in 2018 followed by clinics.
Product Definition:
Orthopedic large joint replacement devices are medical devices used to replace a large joint, such as the hip or knee. These devices are important because they can improve mobility and function in people with severe arthritis or other joint problems.
Hip:
Hip is a ball-and-socket joint that allows the hip to move forward and backward, side to side, and up and down. The hip joint is located in the pelvis just below the groin. It consists of an upper extremity (thumb, hand, or foot) bone connected by a lower extremity (thighbone) bone at one end and an acetabulum at the other end.
Knee:
The knee is a hinge joint that allows the femur to move in an anterior/posterior, medial/lateral and rotational manner. There are two types of knees commonly used in orthopedic large joint replacement devices market namely total knee arthroplasty (TKA) and partial knee arthroplasty (PKP). Total Knee Arthroplasty (TKA) involves surgical removal of the damaged bone and replaced with an artificial one.
Application Insights:
The hospital application segment accounted for the largest revenue share in 2017. The rising number of geriatric population, increasing cases of trauma and burns, and high prevalence of obesity are the major factors driving the demand for OA large joint replacement devices in hospitals across the world. According to a study published by NCBI, it is estimated that around 1 out of every 3 knee replacements performed in U.S., are performed on an outpatient basis. In addition, as per data published by CDC National Hospital Discharge Survey (NHDS), around 2/3rds of total knee surgeries were performed outside hospitals in ambulatory surgical centers (ASCs) or surgery offices in 2014. These factors indicate a growing need for OA large joint replacement devices among patients seeking treatment at clinics and ASCs without having to undergo open surgery at hospitals or medical centers.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement policies, rising geriatric population, and increasing healthcare expenditure. In addition, a rise in sports injuries is also expected to drive the regional market during the forecast period. According to a study published by National Center for Health Statistics (NCHS), from 2011-2014 around 1 million people undergoes knee replacement surgery every year in U.S., with nearly 85% of those patients being aged 65 years and older.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with growing medical tourism industry in emerging economies such as India and China due mainly largely primarily primarily firstly foremost foremost secondly secondly thirdly thirdly fourththirthy fourthteenth fourteenth fifteenth sixteenth seventeenth eighteenth nineteenth twentieth twentyfirst century second decade of 21st century).
Growth Factors:
- Increasing geriatric population: The global geriatric population is increasing at a rapid pace and this is expected to drive the demand for orthopedic large joint replacement devices.
- Rising incidence of arthritis: Arthritis is one of the leading causes of disability and it affects people of all age groups. This will lead to an increase in the demand for orthopedic large joint replacement devices.
- Technological advancements: The advancement in technology has led to the development of new and innovative orthopedic large joint replacement devices, which are more effective and durable than traditional implants. This will boost the growth of this market in the coming years.
- Growing awareness about benefits offered by these devices: There is a growing awareness among people about the benefits offered by orthopedic large joint replacement devices such as improved mobility, reduced pain, etc., which is likely to fuel market growth in future years.. 5) rising healthcare expenditure: The overall healthcare expenditure around the world is increasing rapidly due to factors such as aging population, rising income levels, etc., which will result in an increase in demand for Orthopedic Large Joint Replacement Devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Large Joint Replacement Devices Market Research Report
By Type
Hip, Knee, Others
By Application
Hospital, Clinic
By Companies
Stryker, Zimmer Biomet, Smith & Nephew, Arthrex, Globus Medical, Orthofix, Stryker
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Large Joint Replacement Devices Market Report Segments:
The global Orthopedic Large Joint Replacement Devices market is segmented on the basis of:
Types
Hip, Knee, Others
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:
- Stryker
- Zimmer Biomet
- Smith & Nephew
- Arthrex
- Globus Medical
- Orthofix
- Stryker
Highlights of The Orthopedic Large Joint Replacement Devices 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:
- Hip
- Knee
- Others
- 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 Orthopedic Large Joint Replacement Devices 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Orthopedic large joint replacement devices (OLJRDs) are medical devices that help to replace damaged or worn parts of the body, such as the knee, hip, and shoulder. These devices are often used to treat conditions like arthritis and osteoarthritis.
Some of the major companies in the orthopedic large joint replacement devices market are Stryker, Zimmer Biomet, Smith & Nephew, Arthrex, Globus Medical, Orthofix, Stryker.
The orthopedic large joint replacement devices 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 Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market Size & Forecast, 2018-2028
4.5.1 Orthopedic Large Joint Replacement Devices Market Size and Y-o-Y Growth
4.5.2 Orthopedic Large Joint Replacement Devices Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market Size Forecast by Type
5.2.1 Hip
5.2.2 Knee
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market Size Forecast by Type
9.6.1 Hip
9.6.2 Knee
9.6.3 Others
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 Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market Size Forecast by Type
10.6.1 Hip
10.6.2 Knee
10.6.3 Others
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 Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market Size Forecast by Type
11.6.1 Hip
11.6.2 Knee
11.6.3 Others
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 Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market Size Forecast by Type
12.6.1 Hip
12.6.2 Knee
12.6.3 Others
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 Orthopedic Large Joint Replacement Devices 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) Orthopedic Large Joint Replacement Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Large Joint Replacement Devices 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) Orthopedic Large Joint Replacement Devices Market Size Forecast by Type
13.6.1 Hip
13.6.2 Knee
13.6.3 Others
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) Orthopedic Large Joint Replacement Devices 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 Orthopedic Large Joint Replacement Devices Market: Competitive Dashboard
14.2 Global Orthopedic Large Joint Replacement Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker
14.3.2 Zimmer Biomet
14.3.3 Smith & Nephew
14.3.4 Arthrex
14.3.5 Globus Medical
14.3.6 Orthofix
14.3.7 Stryker
