Market Overview:
The global small joint replacement market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of arthritis and other musculoskeletal disorders, technological advancements in small joint replacement devices, and rising geriatric population. However, the high cost of treatment is expected to restrain the growth of this market during the forecast period. The ankle replacement segment is expected to grow at a CAGR of 6% from 2018 to 2030, owing to the increasing incidence of ankle injuries and arthritis. The digits replacement segment is projected to grow at a CAGR of 4% from 2018to 2030 due its advantages such as low invasiveness and short hospital stay time.
Product Definition:
Small Joint Replacement is a surgical procedure to replace a small joint, such as the ankle, knee, or hip. It is used to relieve pain and improve function in people with arthritis.
Ankle Replacement:
Ankle replacement is a surgical procedure to replace the damaged or diseased ankle joint with an artificial one. The most common reasons for ankle replacement are arthritis and injury. According to statistics published by Arthritis Foundation, it was estimated that around 1 million people in the U.S alone would be diagnosed with arthritis by 2020, making it one of the most prevalent diseases in this region.
Digits Replacement:
The market for Digits Replacement is expected to witness significant growth over the forecast period owing to increasing number of joint replacement surgeries and rising prevalence of arthritis among geriatric population. According to Arthritis Foundation, around 54 million Americans were suffering from arthritis in 2014 which will increase further with aging. The high cost associated with hospitalization coupled with technological advancements in surgical procedures is expected to drive the market for Digits Replacement during the forecast period.
Application Insights:
The hospitals segment dominated the global small joint replacement market in 2017. This can be attributed to factors such as increasing geriatric population, rising cases of obesity and diabetes, and growing incidences of trauma. According to a study published by the World Health Organization (WHO) in 2018, it was estimated that around 1.7 billion people aged 60 or above were registered globally while around 650 million were above 65 years of age across the world. The number is expected to increase by about 75 million per year from 2018 to 2030 which will create huge opportunities for medical device manufacturers over the forecast period especially during the forecast period 2020s when compared with other application segments where growth rate is moderate or low as compared with hospitals segment¢â‚¬â„¢s growth rate during same time frame.
Regional Analysis:
North America dominated the global small joint replacement market in 2017. The presence of well-developed healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region are some factors responsible for its large share. In addition, favorable reimbursement policies for orthopedic procedures and growing R&D activities to develop advanced products are also expected to drive the growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions and rising disposable income resulting in an increase in demand for medical services such as joint replacement surgeries. Furthermore, increasing aging population along with a rise in chronic diseases such as arthritis is also expected boost market development during the estimated time span.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of around 7% from 2016 to 2020. This will create a large pool of patients who are susceptible to joint replacement surgeries.
- Rising incidence of arthritis and other joint diseases: Arthritis is one of the leading causes of disability worldwide, and its prevalence is increasing with age. This will lead to an increase in the demand for small joint replacements in the coming years.
- Advances in surgical techniques and implants: Surgeons are now using advanced surgical techniques and implants that offer better results than traditional methods. This is likely to boost the demand for small joint replacements in the near future.
- Growing awareness about benefits of surgery: There has been a growing awareness among people about the benefits of surgery over medication or other non-surgical treatments for arthritis and other joint diseases .This is likely to drive demand for small joint replacements in the coming years . 5) rising healthcare expenditure: The global healthcare expenditure is projected to grow at a CAGRof around 6% from 2016to2020, providing ample opportunitiesfor growthin thenarrowbodyjointreplacementmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Small Joint Replacement Market Research Report
By Type
Ankle Replacement, Digits Replacement, Elbow Replacement, Wrist Replacement
By Application
Hospitals, Outpatient Centers
By Companies
Wright Medical, Stryker, Zimmer Biomet, Integra Lifesciences, Johnson & Johnson (Dupey Synthese), Corin, Evolutis, KeriMedical, Marle, Wright Medical
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Small Joint Replacement Market Report Segments:
The global Small Joint Replacement market is segmented on the basis of:
Types
Ankle Replacement, Digits Replacement, Elbow Replacement, Wrist Replacement
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
Hospitals, Outpatient Centers
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:
- Wright Medical
- Stryker
- Zimmer Biomet
- Integra Lifesciences
- Johnson & Johnson (Dupey Synthese)
- Corin
- Evolutis
- KeriMedical
- Marle
- Wright Medical
Highlights of The Small Joint Replacement 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:
- Ankle Replacement
- Digits Replacement
- Elbow Replacement
- Wrist Replacement
- By Application:
- Hospitals
- Outpatient Centers
- 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 Small Joint Replacement 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
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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?
Small joint replacement is a surgical procedure that replaces one or more small joints in the body. These joints can include the shoulder, hip, knee, and ankle.
Some of the major players in the small joint replacement market are Wright Medical, Stryker, Zimmer Biomet, Integra Lifesciences, Johnson & Johnson (Dupey Synthese), Corin, Evolutis, KeriMedical, Marle, Wright Medical.
The small joint replacement 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 Small Joint Replacement 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 Small Joint Replacement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Small Joint Replacement 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 Small Joint Replacement 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 Small Joint Replacement Market Size & Forecast, 2018-2028
4.5.1 Small Joint Replacement Market Size and Y-o-Y Growth
4.5.2 Small Joint Replacement Market Absolute $ Opportunity
Chapter 5 Global Small Joint Replacement 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 Small Joint Replacement Market Size Forecast by Type
5.2.1 Ankle Replacement
5.2.2 Digits Replacement
5.2.3 Elbow Replacement
5.2.4 Wrist Replacement
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Small Joint Replacement 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 Small Joint Replacement Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Outpatient Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Small Joint Replacement 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 Small Joint Replacement 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 Small Joint Replacement Analysis and Forecast
9.1 Introduction
9.2 North America Small Joint Replacement 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 Small Joint Replacement Market Size Forecast by Type
9.6.1 Ankle Replacement
9.6.2 Digits Replacement
9.6.3 Elbow Replacement
9.6.4 Wrist Replacement
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 Small Joint Replacement Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Outpatient Centers
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 Small Joint Replacement Analysis and Forecast
10.1 Introduction
10.2 Europe Small Joint Replacement 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 Small Joint Replacement Market Size Forecast by Type
10.6.1 Ankle Replacement
10.6.2 Digits Replacement
10.6.3 Elbow Replacement
10.6.4 Wrist Replacement
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 Small Joint Replacement Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Outpatient Centers
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 Small Joint Replacement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Small Joint Replacement 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 Small Joint Replacement Market Size Forecast by Type
11.6.1 Ankle Replacement
11.6.2 Digits Replacement
11.6.3 Elbow Replacement
11.6.4 Wrist Replacement
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 Small Joint Replacement Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Outpatient Centers
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 Small Joint Replacement Analysis and Forecast
12.1 Introduction
12.2 Latin America Small Joint Replacement 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 Small Joint Replacement Market Size Forecast by Type
12.6.1 Ankle Replacement
12.6.2 Digits Replacement
12.6.3 Elbow Replacement
12.6.4 Wrist Replacement
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 Small Joint Replacement Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Outpatient Centers
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) Small Joint Replacement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Small Joint Replacement 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) Small Joint Replacement Market Size Forecast by Type
13.6.1 Ankle Replacement
13.6.2 Digits Replacement
13.6.3 Elbow Replacement
13.6.4 Wrist Replacement
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) Small Joint Replacement Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Outpatient Centers
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 Small Joint Replacement Market: Competitive Dashboard
14.2 Global Small Joint Replacement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wright Medical
14.3.2 Stryker
14.3.3 Zimmer Biomet
14.3.4 Integra Lifesciences
14.3.5 Johnson & Johnson (Dupey Synthese)
14.3.6 Corin
14.3.7 Evolutis
14.3.8 KeriMedical
14.3.9 Marle
14.3.10 Wright Medical
