Global Elbow Replacement Market Size

Statistics for the 2023 & 2024 Global Elbow Replacement market size, created by Mordor Intelligence™ Industry Reports. Global Elbow Replacement size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Global Elbow Replacement Industry

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Elbow Replacement Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 3.50 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Elbow Replacement Market Analysis

The elbow replacement market is expected to record a CAGR of 3.5% over the forecast period (2022-2027).

COVID-19 had a significant impact on the overall healthcare industry. As per the article published in 2020 under the title 'How the Covid-19 pandemic affected shoulder and elbow practice in Turkey?', a more than 75% decrease in surgical and outpatient clinical activity in elbow practice was documented during COVID-19. The rate of obtaining informed consent remained low, and half of the respondents used telemedicine. Moreover, as per the article published in 2020 under the title 'COVID-19 - Changes in the presentation and management of shoulder and elbow trauma in a UK district general hospital orthopaedic department', there was a significant change in the upper limb caseload. Certain injuries have been reduced, likely due to the COVID-19 lockdown. Hence, as per the factors mentioned above, COVID-19 has a significant impact on the elbow replacement market.

The damaged parts of the elbow are replaced with artificial elbow devices through 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. For instance, as per the Centers for Disease Control and Prevention report, the projected prevalence of rheumatoid arthritis in the United States is 76 million by 2040. Due to the high estimated prevalence of rheumatoid arthritis, the probability of elbow replacement is projected to rise in the upcoming year thereby fueling the market.

Increased research and development initiatives, and government funding in the field of orthopedic area boost the market growth. For instance, as per the article published in 2022 under the title 'How long does an elbow replacement last? A systematic review and meta-analysis of case-series and national registry reports with more than 10 years of follow-up', over 80% of all elbow replacements and over 90% of linked elbow replacements are anticipated to last more than 10 years with sustained patient-reported benefits. Hence, owing to the increased benefit and durability associated with elbow replacements, the chance of adopting elbow replacement is high and thus boosting the market growth.

As per the aforementioned factors, the healthcare mobility solutions market is likely to grow over the forecast period. However, safety and security issues associated with patient health information and a lack of skilled professionals restrain the market growth.

Elbow Replacements Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)