Market Trends of Global Elbow Replacement Industry
This section covers the major market trends shaping the Elbow Replacement Market according to our research experts:
Total Elbow Replacement Segment is Expected to Show Better Growth in the Forecast Years
In total elbow replacement surgery, the damaged parts of the humerus and ulna are replaced with artificial components. The segment is anticipated to grow at a significant rate due to an increase in the number of patients, advancing technologies, and the rising prevalence of arthritis. As per the Centers for Disease Control and Prevention (CDC), in 2020, around 63 million U.S. adults had doctor-diagnosed arthritis. Arthritis is the leading cause of disability, stiffness, and swelling of the joints, which usually occurs in older people, resulting in high demand for elbow replacement surgeries. Pertaining to these factors, the market is expected to grow over the forecast period.
The presence of competitors, research initiatives, and government funding fuels the market growth. For instance, in October 2021, the Advanced orthopedic center conducted a health campaign intended to increase public awareness of the importance of prevention, management, and treatment of bone and joint conditions. Furthermore, as per the 2021 update from Mayo Clinic, after elbow replacement, most people have less pain than they did before surgery. Many people have no pain and most people also have an improved range of motion and strength.
Because of the aforementioned factors, the total elbow replacement segment is likely to face growth over the forecast period.
North America Dominates the Elbow Replacement Market
The elbow replacement market dominates North America due to a sedentary lifestyle, the growing burden of rheumatoid arthritis, and elbow injuries. For instance, as per the 2021 report from CDC, women are more prone to arthritis, and also by 2040, an estimated 34.6 million adults (43.2% of adults with arthritis or 11.4% of all US adults) is likely to report arthritis-attributable activity limitations.
Furthermore, advanced technology, a rise in awareness among people toward extremities implants, and developed healthcare infrastructure, and increased product launches are estimated to propel the elbow replacement market in the region. For instance, in 2020, DePuy Synthes launched a radial head replacement for use in patients with destabilizing radial head fractures that cannot be repaired. The system includes Radiolucent Trials to allow for direct and radiographic visualization of the elbow joint during trialing.
Moreover, increased awareness regarding bone health boost the market growth. For instance, in May 2022, the Canadian Orthopaedic Association inaugurated 'Canadian Orthopaedic Care Day' across Canada. A new initiative by AdvoOrtho, powered by the Canadian Orthopaedic Association, Canadian Orthopaedic Care Day, is likely to occur annually on the last Wednesday of March to raise awareness and celebrate Orthopaedic care in Canada.
As per the factors mentioned above, North America is expected to witness growth over the forecast period.
