A recent report published by
Infinium Global Research on artificial joints market provides an in-depth analysis
of segments and sub-segments in the global as well as regional artificial
joints market. The study also highlights the impact of drivers, restraints, and
macro indicators on the global and regional artificial joints market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global artificial joints market.
According to the report, the global artificial joints market is projected to
grow at a CAGR of 4.86% over the forecast period of 2019-2025.
Bone-related problems such as
osteoarthritis and arthritis are increasing at a rapid rate in the elder
population, a surgical approach to replace the damaged joints with artificial
joints provide a better solution for such conditions. The artificial implant is
made up of biological compatible material fixed into the damaged part in the
body to restore the function of joints.
The number of osteoarthritis and
arthritis problems in the elder population is rising by faster rate and at the same
time increasing the number other bone-related problems, according to WHO by
2050, the world’s population aged 60 years and older is expected to total 2
billion, up from 900 million in 2015. That is the major factor driving the
artificial joints market. Moreover, increasing cases of calcium deficiency in
people due to changing lifestyle and unhealthy food uptake, especially in
women, are causing osteoporosis that causes the bones to become brittle is also
driving the growth of artificial joints market. On the other hand, the high
cost of artificial implants and the cost of the surgical procedure can hamper
the growth of the market. However, new innovation to produce effective and
cost-effective implant material can provide a better opportunity for the
Geographically, North America is
anticipated to be the largest region for artificial joints market globally.
Owing to advanced healthcare facilities and supporting reimbursement policies
North America region dominated the global market. Presence of a major player in
the market is also supporting the growth of this region. Furthermore, Europe
region stays in the second position for artificial joints market. The rising
aging population has led to increased Cases of osteoarthritis, rheumatoid
arthritis and others that are contributing to the growth of the region.
Asia-Pacific is expected to witness healthy growth in the forecast period.
Presence of a large population suffering from joint related disease and
developing healthcare infrastructure is contributing to the growth of the
The report on global artificial
joints market covers segments such as material, and application. On the basis
of material, the sub-markets include ceramics, alloy, oxinium, and other
materials. On the basis of application, the sub-markets include artificial knee
joints, artificial hip joints, artificial joints of shoulder, and other
The report provides profiles of
the companies in the market such as Stryker Corporation, DePuy Synthes, Zimmer
Biomet, Smith & Nephew, Medtronic Spinal, DJO Global, Integra Lifesciences,
NuVasive Inc., Globus Medical, Wright Medical, and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of artificial joints market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.