A new research study titled, “Global Elbow Replacement Market” has been added to the comprehensive repository of Orbis Research.
The global Elbow Replacement Market is expected to register a good CAGR during the forecast period, 2018 to 2023. In elbow replacement, the physician replaces the elbow with an artificial joint made from two implants that attaches to the bones in the arm. A metal and plastic hinge joins the implants together. The damaged parts of the elbow are replaced with artificial elbow devices through a surgery which is known as Elbow Replacement or Elbow Arthroplasty. This procedure is suggested for elbow rheumatoid arthritis patients. Elbow replacement can also be extended to cases, such as distal humerus fractures, distal humerus nonunions, and other elbow injuries.
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Growing Number of Elbow Arthritis;
The Elbow Replacement Market is mostly driven by the increasing number of rheumatoid arthritis patients. It was estimated that around 30-40% of the total rheumatoid arthritis (RA) patients suffer from elbow joint problems. This increasing disease burden of the RA is driving the Elbow Replacement Market.
An increase in the ageing population and lifestyles, coupled with the rise in prevalence of orthopedic diseases, are expected to drive the Elbow Replacement Market. The other factors, such as growing number of elbow injuries and sedentary lifestyles are driving the Elbow Replacement Market.
Availability of Alternatives :
Around 90% of patients are suffering from elbow diseases who undergo treatment through medication and around 15-20% of patients are treated through these surgeries. Around 5-10% of the patients are recommended for arthroplasty. The usage of the traditional methods is still predominant and preferred over the new technology. This preference for alternative methods can hamper the growth of the Elbow Replacement Market. Also, due to the high cost of these procedures, this acts as the restraining cause for the Elbow Replacement Market. The other factor, such as cost of the procedure is also hindering the growth of the market.
US Lead the Elbow Replacement Market in North America Region
The US Elbow Replacement Market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system and presence of more number of arthritis patients. In the APAC sector, China and India have been identified as potential emerging markets.
Key Developments in the Elbow Replacement Market:
- February 2018 – Stryker has completed the acquisition of Entellus Medical
Major Players: BIOMET INC., DE PUY SYNTHES, LIMA CORPORATE, OTTOBOCK HEALTHCARE, STRYKER CORPORATION, WRIGHT MEDICAL GROUP, ZIMMER HOLDINGS INC., among others.
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Reasons to Purchase Elbow Replacement Market Report :
- Current and future Elbow Replacement Market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Elbow Replacement Market Report :
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Companies Mentioned:
Biomet Inc., De Puy Synthes, Lima Corporate, Ottobock Healthcare, Stryker Corporation, Wright Medical Group, Zimmer Holdings Inc.
Some Points From TOC :
Chapter 1. Introduction
1.1 Market Definition
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Key Inferences
Chapter 5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry within the Industry
Chapter 6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Growing Number of Elbow Arthritis
6.1.2 Growing Number of Elbow Injuries
6.1.3 Sedentary Lifestyles
6.2 Market Restraints
6.2.1 Availability of Alternatives
6.2.2 Cost of the Procedure
6.3 Opportunities
6.4 Key Challenges
Chapter 7. Market Segmentation
….Continued
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Elbow Stiffness Market Information: Treatment (Conservative Treatment, Physiotherapy, Surgical Treatment, Open Surgery), Diagnosis (X-Ray, MRI), and End-User (Hospitals & Clinics, Ambulatory Surgical Center, Research Institute) – Global Forecast Till 2027Market HighlightsElbow stiffness is a common problem after joint trauma, causing functional impairment of the upper limb.
Stiffness is a relatively common elbow problem, especially during arthritis, or due to any inflammation of the joints, any trauma or surgery, or any infection in the elbow in an adult.The elbow stiffness market is expected to register a CAGR of 5.5% during the forecast period.Regional AnalysisThe Americas dominates the global elbow stiffness market owing to the rising aging population, which eventually leads to the rising patient population.
According to the Centers for Disease Control and Prevention, arthritis is the leading cause of disability, aching, stiffness and swelling of joints.
Additionally, increasing healthcare spending and rising demand for new and innovative treatment options are likely to drive the growth of the market.
India and China are the major contributors to the market growth due to the rapid development of healthcare infrastructure in these regions and increasing demand for diagnostic services.On the other hand, the Middle East and Africa is expected to witness a slow growth due to limited access to healthcare and affordability issues among the population.
Considering treatment, the market is segmented into conservative treatment and surgical treatment.
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