Artificial Joints MarketSize and Trends

Global Artificial Joints Market Taxonomy

On the basis of material type, the global artificial joints market is segmented into:

Ceramics
Alloys
Oxinium
Others

On the basis of application, the global artificial joints market is segmented into:

Artificial Joints of Hip
Artificial Joints of Knee
Artificial Joints of Shoulder
Others

On the basis of product type, the global artificial joints market is segmented into:

Cemented Joints
Non-Cemented Joints

High healthcare expenditure and continuous R&D initiatives in the development of artificial joints is expected to propel growth of the market in North America

North America is expected to hold a dominant position in the global artificial joints market over the forecast period. This is mainly due to presence of developed healthcare infrastructure, high healthcare expenditure, and continuous R&D initiatives in the development of artificial joints. Asia Pacific is projected to exhibit above average growth over the forecast period, owing to the presence of large pool of population suffering from joint related diseases coupled with presence of untapped market opportunity and developing healthcare infrastructure.

The global artificial joints market is witnessing a launch of novel technologies which are expected to increase the efficiency of joint replacement surgeries. In 2017, the Corin Group introduced Optimized Positioning System (OPS) for hip replacement surgeries. OPS helps surgeons in determining the position and orientation of hip implant on the basis patient's anatomy and movement. In 2017, Stryker Corporation introduced robotic arm assisted total knee arthroplasty, to be used with Mako system. This is the first robotic technology that could be used for total knee, hip, and partial knee replacements.