Elbow Replacement Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Elbow Replacement Market Report Overview
The elbow replacement market size was valued at $117.5 million in 2023 and is expected to grow at a CAGR of more than 6% during 2023-2033. Elbow replacement is a surgical procedure whereby the damaged surfaces of the humerus and the ulna at the elbow joint are surgically replaced with artificial implants.
Elbow Replacement Market Outlook, 2023-2033 ($ Million)
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The elbow replacement market research report explains the market behavior, which will help identify quantitative market trends within the Orthopedic Devices therapeutic area. The model discusses in detail the impact of COVID-19 on the elbow replacement market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $117.5 Million |
CAGR (2023-2033) | >6% |
Forecast period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Key Segments | · Radial Head Replacement
· Total Elbow Replacement |
Leading Companies | · Zimmer Biomet Holdings Inc
· Stryker Corp · Acumed LLC · DJO Global Inc · Smith & Nephew Plc |
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Elbow Replacement Market Dynamics
Originally developed primarily for RA patients, elbow replacement implants are now shifting toward greater use in OA and post-traumatic arthritis patients. As the technology improves and patient awareness of the treatment grows, a greater percentage of eligible patients are expected to undergo elbow replacement procedures.
The elbow replacement market is expected to grow owing to the increase in the aging population and the increase of arthritis patients around the world. Patient preference for an active lifestyle, leading to the choice of total joint replacement over joint fusion is also expected to propel the market growth in the coming years.
Elbow Replacement Market Segmentation by Segments
The key segments in the elbow replacement market are Radial Head Replacement and Total elbow replacement. Radial Head Replacement was leading in the market in 2023. It is a surgical procedure whereby the damaged parts of the upper end of the radius bone are replaced with an artificial implant set.
Elbow Replacement Market Analysis by Segments, 2023 (%)
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Elbow Replacement Market Segmentation by Regions
The key regions in the elbow replacement market are North America, Europe, Asia Pacific, South and Central America, and the Middle East and Africa. North America was leading the market in 2023. There is expected to be an increase in elbow replacements due to an increase in the prevalence of hand OA and RA in the forecast period. The market growth is attributed to the aging population and medical conditions such as OA, RA, and post-traumatic arthritis.
Elbow Replacement Market Analysis by Regions, 2023 (%)
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Elbow Replacement Market - Competitive Landscape
Some of the leading companies in the elbow replacement market are:
- Zimmer Biomet Holdings Inc
- Stryker Corp
- Acumed LLC
- DJO Global Inc
- Smith & Nephew Plc
Zimmer Biomet Holdings Inc. dominates the market in 2023. It is followed by Acumed LLC.
Elbow Replacement Market Analysis by Companies, 2023 (%)
Buy the Full Report for More Insights into the Companies in the Elbow Replacement Market, Download a Free Report Sample
Segments Covered in the Report
Elbow Replacement Segments Outlook (Value, $ Million, 2015-2033)
- Radial Head Replacement
- Total elbow replacement
Elbow Replacement Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South and Central America
- Middle East and Africa
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for:
- CMO executives who must have deep understanding of the elbow replacement marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives who must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on elbow replacement.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving elbow replacement.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the elbow replacement market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific elbow replacement market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships
Stryker Corp
DJO Global Inc
Smith & Nephew Plc
Acumed LLC
Limacorporate SpA, and Others.
Frequently asked questions
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What was the elbow replacement market size in 2023?
The elbow replacement market size was valued at $117.5 million in 2023.
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What will be the elbow replacement market growth rate in the forecast period?
The elbow replacement market is expected to grow at a CAGR of more than 6% during 2023-2033.
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Which region was leading in the elbow replacement market in 2023?
North America was leading in the elbow replacement market in 2023.
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Which segment led the elbow replacement market in 2023?
The Radial Head Replacement segment was leading the elbow replacement market in 2023.
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Which are the leading companies in the elbow replacement market?
Some of the leading companies in the elbow replacement market are Zimmer Biomet Holdings Inc., Stryker Corp, Acumed LLC, DJO Global Inc., and Smith & Nephew Plc among others.
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