The Global Artificial Joints Market is estimated to register a CAGR of 6%, generating USD 27.97 billion in terms of revenue by 2027 from USD 19.32 billion in 2019.
New York, NY -- (SBWIRE) -- 03/18/2021 -- Rising incidence of osteoarthritis and arthritis globally is a major factor influencing market growth.
Market Size – USD 19.32 billion in 2019, Market Growth - CAGR of 6.0%, Market Trends –Rise in obese population, increase in unhealthy eating habits which in turn result in obesity which tend to develop knee, and hip replacement surgeries
The Global Artificial Joints Market is estimated to register a CAGR of 6%, generating USD 27.97 billion in terms of revenue by 2027 from USD 19.32 billion in 2019. The market growth is driven by the growing incidences of age-related musculoskeletal disorders globally. Some of the most common musculoskeletal disorders among the geriatric population have been osteoarthritis, fractures, joint infections, and osteoporosis.
The Global Artificial Joints Market Report 2027 published by Reports and Data to its ever-expanding database covers critical data about the technological evolution, market share, market size, current and emerging trends, growth opportunities, current market situation, government regulations, limitations, threats, and challenges of the market. The report is an all-inclusive document covering the impacts of COVID-19 on the economy as well as demand of the market. The report provides a study of the present as well as future impact of the COVID-19 crisis on the overall market. The study also benefits the players by providing a concise and effective strategy to strengthen their footing in the market.
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The competitive landscape of the market offers significant insight into the key market players operating in the Artificial Joints market. The segment covers market share, product portfolio, pricing analysis, and strategic business decisions taken by each market player. The report also includes the strategic steps and initiatives undertaken by the companies to combat the impact of the pandemic. The major companies explored in the report are Aesculap AG, Depuy Synthes (Johnson & Johnson), Biomet, Inc., DJO Global, Inc., Globus Medical, Exactech, Inc., JRI Orthopaedics, NuVasive, Inc., Medtronic, Inc., AK Medical, Smith & Nephew, SAMO, Stryker Corp., Zimmer Holdings, and Arthrex, others.
The report offers a comprehensive study of the regional bifurcation of the market and provides insightful data about the regulatory framework, current and emerging market trends, opportunities, supply-demand ratio, production and consumption volume, and the import/export ratio in each region. It also evaluates the presence of each market player in the region and strategic initiatives taken by the companies to gain a robust presence in the region. The regional segmentation covers country-wise analysis of the market and includes:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The research report on the global Artificial Joints market offers extensive analysis of the product spectrum and application scope of the business landscape. Based on the product type, the Artificial Joints market is split into:
Material Outlook (Revenue, USD Million; 2017-2027)
Cobalt-Chromium Alloys
Titanium Alloys
Metal-Plastic
End-User Outlook (Revenue, USD Million; 2017-2027)
Prosthetics clinics
Hospitals
Rehabilitation centre
Others
Application Outlook (Revenue, USD Million; 2017-2027)
Hip and Knee
Ankle
Wrist
Shoulder
Elbow
Key findings of the report:
- Historical and current trends of the market
- Factors likely to influence the dynamics of the market
- Growth assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players including their market share, revenue contribution, and global position
- Growth strategies adopted by key market players to combat the impact of COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Artificial Joints market
- Strategic recommendations to the established market players and emerging companies
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To summarize, the report provides insightful data regarding every aspect of the market to enable the players to gain a competitive edge. The report comprises of data and information gathered from extensive primary and secondary research and is validated and verified by industry experts and professionals. The data provides reliable statistics for the period of 2020-2027 organized in the form of tables, charts, graphs, diagrams, and other graphical representations.
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Artificial Joints Market Segmentation & Impact Analysis
4.1. Artificial Joints Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growth in the aging population globally
4.2.2.2. Increase in incidence of chronic arthritis
4.2.3. Market restraints analysis
4.2.3.1. Expensive surgery methods
4.2.3.2. Increasing awareness of non-surgical treatment
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Continue…..
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