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Global Elbow Replacement Market Size Study & Forecast, by Product (Partial Elbow Replacement, Total Elbow Replacement), by End User (Hospitals, Orthopedic Centers, Others), and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: G31F0581F5E7EN
Bizwit Research & Consulting LLP

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Global Elbow Replacement Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.5% during the forecast period 2023-2030. Elbow replacement is a surgical procedure in which a damaged or diseased elbow joint is replaced with an artificial joint, known as a prosthesis. The procedure is typically performed to alleviate pain and restore function in individuals with severe elbow joint conditions, such as arthritis or traumatic injuries, that have not responded well to non-surgical treatments. The Elbow Replacement Market is expanding because of factors such as the growing awareness of the procedure, rising development of minimally invasive surgical techniques, increasing geriatric population, and surge in healthcare expenditure.

In addition, the increasing prevalence of joint disorders, including osteoarthritis, rheumatoid arthritis, and traumatic injuries, contributes significantly to the demand for elbow replacement surgeries. These conditions often lead to joint degeneration and functional impairment. As per the CDC November 2021 update, in the United States, Arthritis affects approximately 24% of all adults, translating to 58.5 million individuals. It stands as a primary cause of work disability, accounting for annual costs of USD 303.5 billion in medical care and lost earnings.. Moreover, among chronic diseases in North America, arthritis causes more disability than any other condition, including heart disease, diabetes, and back or spine problems. Thus, the increasing burden of arthritis is propelling the growth of the Elbow Replacement Market over the estimated period. Furthermore, the rising advancements in elbow implant technologies, as well as the increasing participation in sporting and physical activities present various lucrative opportunities over the forecast years. However, the availability of alternatives and the high cost of the procedure are hampering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Elbow Replacement Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of well-established healthcare infrastructure, a growing need for advanced healthcare services, the widespread presence of major market players, and the availability of comprehensive reimbursement coverage policies. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The growing awareness among people toward extremities implants, increase in healthcare spending, as well as surging geriatric population and target patient pool are significantly propelling the market demand across the region.

Major market players included in this report are:

Smith & Nephew

Johnson & Johnson Services, Inc. (DePuy Synthes)

Lima Corporate S.p.A

Ottobock SE & Co. KGaA

Stryker Corporation

Wright Medical Group N.V.

Zimmer Biomet

Exactech, Inc.

Arthrex, Inc.

DJO, LLC

Recent Developments in the Market:
  • In August 2022, OSSIO, Inc., a company specializing in orthopedic fixation technology, introduced OSSIOfiber Suture Anchors. This expansion enhances patient accessibility to the company's expanding range of bio-integrative implants designed for applications in foot/ankle, shoulder, knee, hand/wrist, and elbow surgery.
Global Elbow Replacement Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Product, End User, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Partial Elbow Replacement

Total Elbow Replacement

By End User:

Hospitals

Orthopedic Centers

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Elbow Replacement Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Elbow Replacement Market, by Product, 2020-2030 (USD Billion)
  1.2.3. Elbow Replacement Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL ELBOW REPLACEMENT MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL ELBOW REPLACEMENT MARKET DYNAMICS

3.1. Elbow Replacement Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing prevalence of joint disorders
    3.1.1.2. Rising geriatric population
  3.1.2. Market Challenges
    3.1.2.1. Availability of alternatives
    3.1.2.2. High cost of the procedure
  3.1.3. Market Opportunities
    3.1.3.1. Rising advancements in elbow implant technologies
    3.1.3.2. Increasing participation in sporting and physical activities

CHAPTER 4. GLOBAL ELBOW REPLACEMENT MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ELBOW REPLACEMENT MARKET, BY PRODUCT

5.1. Market Snapshot
5.2. Global Elbow Replacement Market by Product, Performance - Potential Analysis
5.3. Global Elbow Replacement Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Elbow Replacement Market, Sub Segment Analysis
  5.4.1. Partial Elbow Replacement
  5.4.2. Total Elbow Replacement

CHAPTER 6. GLOBAL ELBOW REPLACEMENT MARKET, BY END USER

6.1. Market Snapshot
6.2. Global Elbow Replacement Market by End User, Performance - Potential Analysis
6.3. Global Elbow Replacement Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Elbow Replacement Market, Sub Segment Analysis
  6.4.1. Hospitals
  6.4.2. Orthopedic Centers
  6.4.3. Others

CHAPTER 7. GLOBAL ELBOW REPLACEMENT MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Elbow Replacement Market, Regional Market Snapshot
7.4. North America Elbow Replacement Market
  7.4.1. U.S. Elbow Replacement Market
    7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
    7.4.1.2. End User breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Elbow Replacement Market
7.5. Europe Elbow Replacement Market Snapshot
  7.5.1. U.K. Elbow Replacement Market
  7.5.2. Germany Elbow Replacement Market
  7.5.3. France Elbow Replacement Market
  7.5.4. Spain Elbow Replacement Market
  7.5.5. Italy Elbow Replacement Market
  7.5.6. Rest of Europe Elbow Replacement Market
7.6. Asia-Pacific Elbow Replacement Market Snapshot
  7.6.1. China Elbow Replacement Market
  7.6.2. India Elbow Replacement Market
  7.6.3. Japan Elbow Replacement Market
  7.6.4. Australia Elbow Replacement Market
  7.6.5. South Korea Elbow Replacement Market
  7.6.6. Rest of Asia Pacific Elbow Replacement Market
7.7. Latin America Elbow Replacement Market Snapshot
  7.7.1. Brazil Elbow Replacement Market
  7.7.2. Mexico Elbow Replacement Market
7.8. Middle East & Africa Elbow Replacement Market
  7.8.1. Saudi Arabia Elbow Replacement Market
  7.8.2. South Africa Elbow Replacement Market
  7.8.3. Rest of Middle East & Africa Elbow Replacement Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Smith & Nephew
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Johnson & Johnson Services, Inc. (DePuy Synthes)
  8.3.3. Lima Corporate S.p.A
  8.3.4. Ottobock SE & Co. KGaA
  8.3.5. Stryker Corporation
  8.3.6. Wright Medical Group N.V.
  8.3.7. Zimmer Biomet
  8.3.8. Exactech, Inc.
  8.3.9. Arthrex, Inc.
  8.3.10. DJO, LLC

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Elbow Replacement Market, report scope
TABLE 2. Global Elbow Replacement Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Elbow Replacement Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Elbow Replacement Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 5. Global Elbow Replacement Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Elbow Replacement Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Elbow Replacement Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Elbow Replacement Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Elbow Replacement Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Elbow Replacement Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Elbow Replacement Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Elbow Replacement Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Elbow Replacement Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Elbow Replacement Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Elbow Replacement Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Elbow Replacement Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Elbow Replacement Market
TABLE 70. List of primary sources, used in the study of global Elbow Replacement Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Elbow Replacement Market, research methodology
FIG 2. Global Elbow Replacement Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Elbow Replacement Market, key trends 2022
FIG 5. Global Elbow Replacement Market, growth prospects 2023-2030
FIG 6. Global Elbow Replacement Market, porters 5 force model
FIG 7. Global Elbow Replacement Market, pest analysis
FIG 8. Global Elbow Replacement Market, value chain analysis
FIG 9. Global Elbow Replacement Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Elbow Replacement Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Elbow Replacement Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Elbow Replacement Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Elbow Replacement Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Elbow Replacement Market, regional snapshot 2020 & 2030
FIG 15. North America Elbow Replacement Market 2020 & 2030 (USD Billion)
FIG 16. Europe Elbow Replacement Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Elbow Replacement Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Elbow Replacement Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Elbow Replacement Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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