Elbow Replacement Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Partial Elbow Replacement, Total Elbow Replacement); End-user (Hospitals, Orthopedic Centers, Others) and Geography
Report Code: TIPRE00008174 | No. of Pages: 150 | Category: Medical Device | Status: Upcoming
MARKET OVERVIEW
Elbow is a kind of hinge joint, which is made up of three bones: radius, ulna, and humerus. Elbow replacement surgery is a difficult procedure owing to the movable joints. In comparison to knee and hip replacement surgeries, elbow replacement surgery is uncommon. The elbow is replaced with a metal and plastic replacement joint during surgery. Rheumatoid arthritis, elbow instability, degenerative bone disorders, and posttraumatic arthritis are among conditions when elbow replacement surgery may be considered. Depending on the situation, the replacement can be partial or complete.
MARKET SCOPE
The "Global Elbow Replacement Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the elbow replacement market with detailed market segmentation by product, and end user. The report provides key statistics on the market status of the leading elbow replacement market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
Restraints:
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The elbow replacement market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the elbow replacement market in these regions.
IMPACT OF COVID-19 ON ELBOW REPLACEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the elbow replacement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from elbow replacement market are anticipated to lucrative growth opportunities in the future with the rising demand for elbow replacement in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the elbow replacement market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Elbow is a kind of hinge joint, which is made up of three bones: radius, ulna, and humerus. Elbow replacement surgery is a difficult procedure owing to the movable joints. In comparison to knee and hip replacement surgeries, elbow replacement surgery is uncommon. The elbow is replaced with a metal and plastic replacement joint during surgery. Rheumatoid arthritis, elbow instability, degenerative bone disorders, and posttraumatic arthritis are among conditions when elbow replacement surgery may be considered. Depending on the situation, the replacement can be partial or complete.
MARKET SCOPE
The "Global Elbow Replacement Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the elbow replacement market with detailed market segmentation by product, and end user. The report provides key statistics on the market status of the leading elbow replacement market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product the market is segmented as, partial elbow replacement and total elbow replacement.
- Based on end user the market is segmented as, hospitals, orthopedic centers and others.
MARKET DYNAMICS
Drivers:
- Growing prevalence of musculoskeletal disorders along with increasing geriatric population across the globe.
- Rising sport associated injuries is also expected to fuel the market growth.
- Technological advancements in implant technology and growing healthcare expenditures.
- Presence of suitable reimbursement policies are expected to support the market growth.
Restraints:
- Whereas, high cost associated with elbow replacement procedure is expected to restrain market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The elbow replacement market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the elbow replacement market in these regions.
IMPACT OF COVID-19 ON ELBOW REPLACEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the elbow replacement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from elbow replacement market are anticipated to lucrative growth opportunities in the future with the rising demand for elbow replacement in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the elbow replacement market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Zimmer Biomet
- CONMED Corporation
- DJO, LLC
- Acumed LLC
- Limacorporate S.p.A.
- Otto Bock HealthCare
- Stryker
- Thermo Fisher Scientific Inc.
- Wright Medical Group N.V.
- Smith and Nephew
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The List of Companies
1. Zimmer Biomet
2. CONMED Corporation
3. DJO, LLC
4. Acumed LLC
5. Limacorporate S.p.A.
6. Otto Bock HealthCare
7. Stryker
8. Thermo Fisher Scientific Inc.
9. Wright Medical Group N.V.
10. Smith and Nephew
1. Zimmer Biomet
2. CONMED Corporation
3. DJO, LLC
4. Acumed LLC
5. Limacorporate S.p.A.
6. Otto Bock HealthCare
7. Stryker
8. Thermo Fisher Scientific Inc.
9. Wright Medical Group N.V.
10. Smith and Nephew
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