Elbow Replacement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented By Product (Partial Elbow Replacement, and Total Elbow Replacement), End User and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.5 %

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Market Overview

The damaged parts of the elbow are replaced with artificial elbow devices through a surgery which is known as elbow replacement. The growth is mainly driven by technological advancements and the growing burden of diseases such as osteoarthritis and rheumatoid arthritis. Elbow replacement can also be extended to cases, such as distal humerus fractures, distal humerus nonunions, and other elbow injuries. Rheumatoid Arthritis (RA) is a chronic systemic disease that affects the joints, connective tissues, muscle, tendons, and fibrous tissue. According to John Hopkins Research, the prevalence of rheumatoid arthritis is 1% to 2% globally, and the important joints involve wrist and elbow. Furthermore, the global increase in the number of geriatrics is likely to lead to consequences, like greater incidences of chronic and life-threatening diseases. Thus, the increasing disease burden of arthritis is expected to drive the elbow replacement market.

Scope of the Report

As per the scope of the report, In elbow replacement, the physician replaces the elbow with an artificial joint made from two implants that attach to the bones in the arm. A metal and plastic hinge joins the implants together. The market segmentation is done by product and end user.

By Product
Partial Elbow Replacement
Total Elbow Replacement
By End User
Hospitals
Orthopedic Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Total Elbow Replacement Segment is Expected to Show Better Growth in the Forecast Years

Based on the product, it is segmented into partial elbow replacement and total elbow replacement. In total elbow replacement surgery, the damaged parts of the humerus and ulna are replaced with artificial components. The segment is anticipated to grow at a significant rate due to an increase in the number of patients, advancing technologies, and rising prevalence of arthritis. As per the Centers for Disease Control and Prevention (CDC), in 2014, around 54 million U.S. adults had doctor-diagnosed arthritis. Arthritis is the leading cause of disability, stiffness, and swelling of the joints, which usually occurs in older people, resulting in a high demand for elbow replacement surgeries. Pertaining to these factors, the market is expected to grow over the forecast period.

Elbow Replacement Market  1

North America Dominates the Elbow Replacement Market

The elbow replacement market dominates North America due to a sedentary lifestyle, the growing burden of rheumatoid arthritis and elbow injuries. According to World Health Organization, the prevalence of rheumatoid arthritis varies between 0.3% and 1% and is more common in women and in developed countries. According to a study published in 2016, in the United States, there is an increase in the number of total elbow arthroplasty procedures performed per year, which is expected to drive the market growth. Furthermore, advanced technology, rise in awareness among people toward extremities implants, and developed healthcare infrastructure are estimated to propel the elbow replacement market in the region.

Elbow Replacement Market  2

Competitive Landscape

The global players into the elbow replacement market are Integra LifeSciences Corporation, Johnson & Johnson, Lima Corporate, Ottobock SE & Co. KGaA, Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Arthritis

      2. 4.2.2 Technological Advancements

      3. 4.2.3 Increased Awareness of the Procedure

    3. 4.3 Market Restraints

      1. 4.3.1 Availability of Alternatives

      2. 4.3.2 High Cost of the Procedure

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Partial Elbow Replacement

      2. 5.1.2 Total Elbow Replacement

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Orthopedic Centers

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Integra LifeSciences Corporation

      2. 6.1.2 Johnson & Johnson

      3. 6.1.3 Lima Corporate

      4. 6.1.4 Ottobock SE & Co. KGaA

      5. 6.1.5 Stryker Corporation

      6. 6.1.6 Wright Medical Group N.V.

      7. 6.1.7 Zimmer Biomet

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Elbow Replacement Market market is studied from 2018 - 2026.

The Elbow Replacement Market is growing at a CAGR of 3.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Integra LifeSciences Corporation, Johnson & Johnson, Lima Corporate, Stryker Corporation, Zimmer Biomet are the major companies operating in Elbow Replacement Market.

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