Global Elbow Replacement Market - Segmented by Product, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

SKU ID : INH- 12346261

Publishing Date : 01-Apr-2018

No. of pages : 105

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  • The global elbow replacement market is expected to register a good CAGR during the forecast period, 2018 to 2023. In elbow replacement, the physician replaces the elbow with an artificial joint made from two implants that attaches to the bones in the arm. A metal and plastic hinge joins the implants together. The damaged parts of the elbow are replaced with artificial elbow devices through a surgery which is known as Elbow Replacement or Elbow Arthroplasty. This procedure is suggested for elbow rheumatoid arthritis patients. Elbow replacement can also be extended to cases, such as distal humerus fractures, distal humerus nonunions, and other elbow injuries.

    Growing Number of Elbow Arthritis

    The market is mostly driven by the increasing number of rheumatoid arthritis patients. It was estimated that around 30-40% of the total rheumatoid arthritis (RA) patients suffer from elbow joint problems. This increasing disease burden of the RA is driving the elbow replacement market.
    An increase in the ageing population and lifestyles, coupled with the rise in prevalence of orthopedic diseases, are expected to drive the elbow replacement market. The other factors, such as growing number of elbow injuries and sedentary lifestyles are driving the elbow replacement market.

    Availability of Alternatives

    Around 90% of patients are suffering from elbow diseases who undergo treatment through medication and around 15-20% of patients are treated through these surgeries. Around 5-10% of the patients are recommended for arthroplasty. The usage of the traditional methods is still predominant and preferred over the new technology. This preference for alternative methods can hamper the growth of the elbow replacement market. Also, due to the high cost of these procedures, this acts as the restraining cause for the elbow replacement market. The other factor, such as cost of the procedure is also hindering the growth of the market.

    US Lead the Market in North America Region

    The US elbow replacement market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system and presence of more number of arthritis patients. In the APAC sector, China and India have been identified as potential emerging markets.

    Key Developments in the Market:

    • February 2018 – Stryker has completed the acquisition of Entellus Medical

    Major Players: BIOMET INC., DE PUY SYNTHES, LIMA CORPORATE, OTTOBOCK HEALTHCARE, STRYKER CORPORATION, WRIGHT MEDICAL GROUP, ZIMMER HOLDINGS INC., among others.

    Reasons to Purchase this Report

    • Current and future elbow replacement market outlook in the developed and emerging markets
    • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    • The segment that is expected to dominate the market
    • Regions that are expected to witness fastest growth during the forecast period
    • Identify the latest developments, market shares, and strategies employed by the major market players
    • 3-month analyst support, along with the Market Estimate sheet (in excel)

    Customization of the Report

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    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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