Global Elbow Replacement Market Size (2024 - 2029)

Elbow Replacement Market Analysis

The elbow replacement market is expected to record a CAGR of 3.5% over the forecast period (2022-2027).

COVID-19 had a significant impact on the overall healthcare industry. As per the article published in 2020 under the title 'How the Covid-19 pandemic affected shoulder and elbow practice in Turkey?', a more than 75% decrease in surgical and outpatient clinical activity in elbow practice was documented during COVID-19. The rate of obtaining informed consent remained low, and half of the respondents used telemedicine. Moreover, as per the article published in 2020 under the title 'COVID-19 - Changes in the presentation and management of shoulder and elbow trauma in a UK district general hospital orthopaedic department', there was a significant change in the upper limb caseload. Certain injuries have been reduced, likely due to the COVID-19 lockdown. Hence, as per the factors mentioned above, COVID-19 has a significant impact on the elbow replacement market.

The damaged parts of the elbow are replaced with artificial elbow devices through surgery which is known as elbow replacement. The growth is mainly driven by technological advancements and the growing burden of diseases such as osteoarthritis and rheumatoid arthritis. For instance, as per the Centers for Disease Control and Prevention report, the projected prevalence of rheumatoid arthritis in the United States is 76 million by 2040. Due to the high estimated prevalence of rheumatoid arthritis, the probability of elbow replacement is projected to rise in the upcoming year thereby fueling the market.

Increased research and development initiatives, and government funding in the field of orthopedic area boost the market growth. For instance, as per the article published in 2022 under the title 'How long does an elbow replacement last? A systematic review and meta-analysis of case-series and national registry reports with more than 10 years of follow-up', over 80% of all elbow replacements and over 90% of linked elbow replacements are anticipated to last more than 10 years with sustained patient-reported benefits. Hence, owing to the increased benefit and durability associated with elbow replacements, the chance of adopting elbow replacement is high and thus boosting the market growth.

As per the aforementioned factors, the healthcare mobility solutions market is likely to grow over the forecast period. However, safety and security issues associated with patient health information and a lack of skilled professionals restrain the market growth.

Elbow Replacement Industry Segmentation

As per the scope of the report, In elbow replacement, the physician replaces the elbow with an artificial joint made from two implants that attach to the bones in the arm. A metal and plastic hinge joins the implants together. The Elbow Replacement Market is segmented by Product (Partial Elbow Replacement, and Total Elbow Replacement), End User (Hospitals, Orthopedic Centers, Others), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.