Artificial Joints Market Global Analysis & Forecast 2027

Artificial Joints Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Cemented Joints and Non-Cemented Joints), Material (Ceramics, Alloys, Oxinium and Others), Application (Artificial Joints of Knee, Artificial Joints of Hip, Artificial Joints of Shoulder and Others), End User (Hospitals, Ambulatory Care Centers and Other End Users) and Geography

  • Report Code : TIPHE100001392
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 183
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The artificial joints market is expected to reach US$   28,614.88 million by 2027 from US$ 18,356.80 million in 2019; it is estimated to grow at a CAGR of 5.8% from 2020 to 2027.

Artificial joint or prosthetic joint is made up of metal, plastic or ceramic. These artificial joints are used in replacement arthroplasty or joint replacement surgeries to replace the damaged or diseased natural joint.Materials used to make an artificial joint depends on type of the joint. For instance, hip replacement joints contain hard metal with durable, extremely smooth plastics.The global artificial joints market is driven by factors such as increasing prevalence of obesity, and rising prevalence of bone and joint conditions. However, high cost of joint repair therapies is likely to hinder the growth of the market.However, growing number of product approvals and developmentsare creating growth opportunities for the market players.

Lucrative Regional Markets for Artificial Joints



Lucrative Regional Markets for Artificial Joints
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.


Market Insights

Increasing Prevalence of Bone and Joint Conditions

Bone and joint diseases are appears to be a major health condition affecting the quality of life across the globe. Extensively increasing geriatric population coupled with sedentary lifestyle are the most prevalent conditions for the growth of bone and joint diseases worldwide. Conditions such as osteoporosis, osteoarthritis, rheumatoid Arthritis, Perthes disease, and hip dysplasia amongst others are estimated to drive the demand for replacement surgeries, which will eventually boost the growth of the artificial joint replacement market during the forecast period.

According to the estimates given by Centers of Disease Control and Prevention in 2020, around 78.0 million Americans, are likely to suffer from diagnosed arthritis by 2040 in US. In addition, according to a study published by National Osteoporosis Foundation in 2015, around 54.0 million adult population in the US are at the risk breaking a bone. In addition, according the same study, osteoporosis will be the prominent cause of three million fractures in the US by 2025, eventually costing around US$ 25.3 billion. Furthermore, according to a data published by CDC (Centers for Disease Control and Prevention) in 2020, an estimated 32.5 million Americans are suffering from osteoarthritis. Moreover, according to a study published by NHS in 2020, more the 400,000 people in the UK are suffering from rheumatoid arthritis. Besides, as per Arthritis and Musculoskeletal Alliance in 2017, around 5.0 million people in the UK were disabled by osteoarthritis and 3 million by other types of bone and joint conditions. Such massive prevalence of bone and joint defects are estimated to have positive impact on the demand of bone replacement procedures, which will eventually drive the market growth during the forecast period.

Type-Based Insights

The artificial joints market,based on type, is segmented into cemented joints, and non-cemented joints. The cemented joints segment held the largest share of the market in 2019, and the market for the same is anticipated to grow at the highest CAGR during the forecast period. Cemented joints offer better stability, elasticity, support and anchors better to the bones. These factors attribute to the growth of the segment during the forecast period.  

Artificial Joints Market, by Type– 2018 and 2027



Artificial Joints Market, by Type– 2018 and 2027
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Material -Based Insights

The artificial joints market, by material, is segmented into ceramics, alloys, oxinium, and others. The ceramic segment held the largest share of the market in 2019. However, alloys segment is anticipated to register the highest CAGR in the market during the forecast period.

Application-Based Insights

The Artificial Joints market, by application, is segmented into artificial joints of knee, artificial joints of hip, artificial joints of shoulder, others. The artificial joints of knee segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period.

End User-Based Insights

The Artificial Joints market, by end user, is segmented into artificial joints of hospitals, ambulatory care centers, and other end users. The hospital segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR of in the market during the forecast period.

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Artificial Joints Market: Strategic Insights

artificial-joints-market
Market Size Value inUS$ 18,356.80 Million in 2019
Market Size Value byUS$ 28,614.88 Million by 2027
Growth rateCAGR of 5.8% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Product launches and approvalsare the commonly adopted strategies by companies to expand their global footprintsand product portfolios; these strategies help them meet the growing consumer demand. Collaboration is one of the major strategies adopted by the companies operating in the artificial joints marketto enlarge customer base worldwide, which also permits them to maintain their brand name globally.

Artificial Joints Market – byType

  • Cemented Joints
  • Non-Cemented Joints


Artificial Joints Market – by Material

  • Ceramics
  • Alloys
  • Oxinium
  • Others


Artificial Joints Market – by Application

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


Artificial Joints Market – by EndUser                     

  • Hospital
  • Ambulatory Care Centers
  • Others


Artificial Joints Market– by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South and Central America

    • Brazil
    • Argentina
    • Rest of South America

Company Profiles

  • Zimmer Biomet
  • Smith & Nephew
  • Stryker Corporation
  • Medtronic
  • Johnson and Johnson Services, Inc.
  • Exactech, Inc.
  • JRI Orthopaedics Limited
  • SAMO SpA
  • Colfax Corporation
  • B. Braun Melsungen AG
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , Material , Application , End User and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are Artificial Joints?

Artificial joints are part of medical devices which are need to be implanted surgically to conceive for total or slight joint replacement. These are designed to revive normal joint functionality. The artificial joints are also known as prosthesis procedures. The prosthesis is made up of medical-grade metal alloys such as cobalt chrome, stainless steel, titanium, bio-ceramic materials, and ultra-high molecular weight polyethylene. Hip, shoulder and knee joints are the most common joint surgeries performing across the world.

What are the driving factors for the artificial joints industry across the globe?

Increasing prevalence of bone and joint conditionsis expected to propel the growth of the artificial joints market. Moreover, growing number of product approvals and developments is anticipated to drive the global market.

What is the average cost of medical head walls?

The price of artificial joints lies between the range of US $3,000 to $15,000.However, the cost profoundly differs based upon the customization, i.e whether it is knee artificial joint or hip artificial joint..

The List of Companies - Artificial Joints Market

  1. Smith & Nephew
  2. Zimmer Biomet
  3. Stryker Corporation
  4. Medtronic
  5. Johnson and Johnson Services, Inc.
  6. Exactech, Inc.
  7. JRI Orthopaedics Limited
  8. SAMO SpA
  9. Colfax Corporation
  10. B. Braun Melsungen AG.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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