Report ID: UCMIG35A2876
Report ID:
UCMIG35A2876 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global artificial joints market, having achieved a valuation of USD 23.57 billion in 2022, is set for substantial growth, with a projected market size of approximately USD 43.41 billion by 2032. This growth is driven by a robust compound annual growth rate (CAGR) of 6.3% during the forecast period from 2023 to 2032. Artificial joints, commonly made from materials such as metal, ceramics, and oxinium, play a vital role in orthopedic surgery, addressing the needs of individuals with arthritic or defective joint surfaces. The market's expansion is attributed to several factors, including the aging population, a rise in musculoskeletal disorders, and advancements in implant materials and surgical techniques. As the demand for joint replacement procedures continues to escalate, particularly in response to the increasing prevalence of degenerative joint diseases, the artificial joints market is expected to witness sustained growth, offering improved quality of life to patients and opportunities for innovation within the orthopedic industry.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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REQUEST FREE CUSTOMIZATIONThe market for Artificial Joints was estimated to be valued at US$ XX Mn in 2021.
The Artificial Joints Market is estimated to grow at a CAGR of XX% by 2028.
The Artificial Joints Market is segmented on the basis of Type, Material Type, Application, End User, Geography.
Based on region, the Artificial Joints Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Artificial Joints Market are MicroPort Scientific Corporation, Aesculap, Inc., Corin Group, B. Braun Melsungen AG, Smith+ Nephew, Medical Devices Business Services, Inc., Stryker, Exactech, Inc., Zimmer Biomet, Medacta International, Medtronic, MicroPort Orthopedics Inc., Johnson & Johnson Private Limited, Conformis Inc..
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Report ID: UCMIG35A2876