The Europe Artificial Joints Market was valued at US$ 4,847.77 million in 2019 and is projected to reach US$ 7,399.81 million by 2027; it is expected to grow at a CAGR of 5.5% during the forecast period.
Europe Artificial Joints market is expected to grow due to factors such as to increasing prevalence of bone and joint conditions, increasing prevalence of obesity, and rising government support by introducing guidelines for regenerative medicines. However, high cost and complications like prosthetic joint infections, associated with the artificial joint surgery is expected to hinder market growth.
An artificial joint is a device used in orthopedic surgery procedures in which an arthritic or dysfunctional joint surface is surgically replaced. Extensively increasing geriatric population coupled with sedentary lifestyle are the most prevalent conditions for the growth of bone and joint diseases worldwide. In 2020, according to a study published by NHS, more the 4 lakh people in the UK are suffering from rheumatoid arthritis. 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. Also, a rising number of sports injuries among athletes is also anticipated to have an impact on the growth of the market by certain extent.
However, due to the negative impact of COVID-19, health care systems are overburdened, and the medical care delivery to all patients has become a challenge in Europe. The complete shutdown of businesses offering artificial joints in the Germany and several other areas will cause the region's supply chain disruptions.
Europe Artificial Joints Market Revenue and Forecast to 2027 (US$ Mn)
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EUROPE ARTIFICIAL JOINTS MARKET SEGMENTATION
By Type
- Cemented Joints
- Non-Cemented Joints
By Material
- Ceramics
- Alloys
- Oxinium
- Others
By Application
- Artificial Joints of Knee
- Artificial Joints of Hip
- Artificial Joints of Shoulder
- Others
By End User
- Hospital
- Ambulatory Care Centers
- Others
By Country
- Germany
- UK
- Italy
- Spain
- France
Company Profiles
- Smith & Nephew
- Stryker Corporation
- Zimmer Biomet
- Medtronic
- Braun Melsungen AG
- Colfax Corporation
- Depuy Synthes (Johnson and Johnson Services, Inc.)
- Exactech, Inc.
- JRI Orthopaedics Limited
- SAMO SpA
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Material, Application, End User and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Artificial Joints Market – By Type
1.3.2 Europe Artificial Joints Market – By Material
1.3.3 Europe Artificial Joints Market – By Application
1.3.4 Europe Artificial Joints Market – By End User
1.3.5 Europe Artificial Joints Market – By Geography
2. Artificial Joints Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Artificial Joints – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe – PEST Analysis
4.3 Expert Opinions
5. Artificial Joint Market– Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Prevalence of Bone and Joint Conditions
5.1.2 Increasing Prevalence of Obesity
5.2 Key Market Restraints
5.2.1 High Cost of Joint Repair Therapies
5.3 Key Market Opportunities
5.3.1 Growing Number of Product Approvals and Developments
5.4 Future Trends
5.4.1 Rising Emphasis on Regenerative Medicines
5.5 Impact analysis
6. Artificial Joints Market – Europe Analysis
6.1 Europe Artificial Joints Market Revenue Forecast and Analysis
7. Artificial Joints Market Analysis – By Type
7.1 Overview
7.2 Artificial Joints Market Revenue Share, by Type (2019 and 2027)
7.1 Cemented Joints
7.1.1 Overview
7.1.2 Cemented Joints: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
7.2 Non-Cemented Joints
7.2.1 Overview
7.2.2 Non-Cemented Joints: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
8. Artificial Joints Market Analysis – By Material
8.1 Overview
8.2 Artificial Joints Market Revenue Share, by Material (2019 and 2027)
8.3 Ceramics
8.3.1 Overview
8.3.2 Ceramics: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Alloys
8.4.1 Overview
8.4.2 Alloys: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Oxinium
8.5.1 Overview
8.5.2 Oxinium: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
9. Artificial Joints Market Analysis – By Application
9.1 Overview
9.2 Artificial Joints Market Revenue Share, by Material (2019 and 2027)
9.3 Artificial Joints of Knee
9.3.1 Overview
9.3.2 Artificial Joints of Knee: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Artificial Joints of Hip
9.4.1 Overview
9.4.2 Artificial Joints of Hip: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Artificial Joints of Shoulder
9.5.1 Overview
9.5.2 Artificial Joints of Shoulder: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
10. Artificial Joints Market Analysis – By End User
10.1 Overview
10.2 Artificial Joints Market Revenue Share, by End-User (2019 and 2027)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Ambulatory Care Centers
10.4.1 Overview
10.4.2 Ambulatory Care Centers: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Other End Users
10.5.1 Overview
10.5.2 Other End Users: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
11. Artificial Joints Market – Geographic Analysis
11.1 Europe: Artificial Joints Market
11.1.1 Overview
11.1.2 Europe: Artificial Joints Market - Revenue and Forecast to 2027 (USD Million)
11.1.3 Europe: Artificial Joints Market, by Type, 2018–2027 (USD Million)
11.1.4 Europe: Artificial Joints Market, by Material 2018–2027 (USD Million)
11.1.5 Europe: Artificial Joints Market, by Application 2018–2027 (USD Million)
11.1.6 Europe: Artificial Joints Market, by End User, 2018–2027 (USD Million)
11.1.7 Europe: Artificial Joints Market, by Country, 2018 & 2027 (%)
11.1.8 Germany: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.8.1 Germany: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.8.2 Germany: Artificial Joints Market, by Type, 2018–2027 (USD Million)
11.1.8.3 Germany: Artificial Joints Market, by Material 2018–2027 (USD Million)
11.1.8.4 Germany: Artificial Joints Market, by Application 2018–2027 (USD Million)
11.1.8.5 Germany: Artificial Joints Market, by End User, 2018–2027 (USD Million)
11.1.9 UK: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.9.1 UK: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.9.2 UK: Artificial Joints Market, by Type, 2018–2027 (USD Million)
11.1.9.3 UK: Artificial Joints Market, by Material 2018–2027 (USD Million)
11.1.9.4 UK: Artificial Joints Market, by Application 2018–2027 (USD Million)
11.1.9.5 UK: Artificial Joints Market, by End User, 2018–2027 (USD Million)
11.1.10 France: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.10.1 France: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.10.2 France: Artificial Joints Market, by Type, 2018–2027 (USD Million)
11.1.10.3 France: Artificial Joints Market, by Material 2018–2027 (USD Million)
11.1.10.4 France: Artificial Joints Market, by Application 2018–2027 (USD Million)
11.1.10.5 France: Artificial Joints Market, by End User, 2018–2027 (USD Million)
11.1.11 Spain: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.11.1 Spain: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.11.2 Spain: Artificial Joints Market, by Type, 2018–2027 (USD Million)
11.1.11.3 Spain: Artificial Joints Market, by Material 2018–2027 (USD Million)
11.1.11.4 Spain: Artificial Joints Market, by Application 2018–2027 (USD Million)
11.1.11.5 Spain: Artificial Joints Market, by End User, 2018–2027 (USD Million)
11.1.12 Italy: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.12.1 Italy: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
11.1.12.2 Italy: Artificial Joints Market, by Type, 2018–2027 (USD Million)
11.1.12.3 Italy: Artificial Joints Market, by Material 2018–2027 (USD Million)
11.1.12.4 Italy: Artificial Joints Market, by Application 2018–2027 (USD Million)
11.1.12.5 Italy: Artificial Joints Market, by End User, 2018–2027 (USD Million)
12. Impact of COVID-19 Pandemic on Europe Artificial Joints Market
12.1 Europe: Impact Assessment of COVID-19 Pandemic
13. Company Profiles
13.1 Zimmer Biomet
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Smith & Nephew
13.2.1 Key Fact
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Stryker Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Medtronic
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Depuy Synthes (Johnson and Johnson Services, Inc.)
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Exactech, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 JRI Orthopaedics Limited
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 SAMO SpA
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Development
13.9 Colfax Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Development
13.10 Braun Melsungen AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Artificial Joints Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 2. Europe Artificial Joints Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 3. Europe Artificial Joints Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 4. Europe Artificial Joints Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 5. Germany Artificial Joints Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 6. Germany Artificial Joints Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 7. Germany Artificial Joints Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 8. Germany Artificial Joints Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 9. UK Artificial Joints Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 10. UK Artificial Joints Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 11. UK Artificial Joints Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 12. UK Artificial Joints Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 13. France Artificial Joints Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 14. France Artificial Joints Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 15. France Artificial Joints Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 16. France Artificial Joints Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 17. Spain Artificial Joints Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 18. Spain Artificial Joints Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 19. Spain Artificial Joints Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 20. Spain Artificial Joints Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 21. Italy Artificial Joints Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 22. Italy Artificial Joints Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 23. Italy Artificial Joints Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 24. Italy Artificial Joints Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 25. Glossary of Terms, Artificial Joints Market
LIST OF FIGURES
Figure 1. Artificial Joints Market Segmentation
Figure 2. Artificial Joints Market – By Geography
Figure 3. Artificial Joints Market Overview
Figure 4. Cemented Joints Segment Held Largest Share of Artificial Joints Market
Figure 5. Europe Artificial Joints Market – Leading Country Markets (US$ Million)
Figure 6. Europe PEST Analysis
Figure 7. Artificial Joints Market Impact Analysis of Driver and Restraints
Figure 8. Europe Artificial Joints Market – Revenue Forecast and Analysis – 2019- 2027
Figure 9. Artificial Joints Market Revenue Share, by Type (2019 and 2027)
Figure 10. Cemented Joints: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Non-Cemented Joints: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Artificial Joints Market Revenue Share, by Material (2019 and 2027)
Figure 13. Ceramics: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Alloys: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Oxinium: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Others: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Artificial Joints Market Revenue Share, by Material (2019 and 2027)
Figure 18. Artificial Joints of Knee: Artificial Joints Market – Revenue and Forecast to 2027(US$ Million)
Figure 19. Artificial Joints of Hip: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Artificial Joints of Shoulder: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Others: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Artificial Joints Market Revenue Share, by End-User (2019 and 2027)
Figure 23. Hospitals: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Ambulatory Care Centers: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Other End Users: Artificial Joints Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Europe: Artificial Joints Market, by Key Country – Revenue (2019) (USD Million)
Figure 27. Europe Artificial Joints Market Revenue and Forecast to 2027 (USD Million)
Figure 28. Europe: Artificial Joints Market, by Country, 2018 & 2027 (%)
Figure 29. Germany: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. UK: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. France: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. Spain: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
Figure 33. Italy: Artificial Joints Market – Revenue and Forecast to 2027 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets
- Smith & Nephew
- Stryker Corporation
- Zimmer Biomet
- Medtronic
- Braun Melsungen AG
- Colfax Corporation
- Depuy Synthes (Johnson and Johnson Services, Inc.)
- Exactech, Inc.
- JRI Orthopaedics Limited
- SAMO SpA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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