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Elbow Replacement Market Trends

Report ID: GMI8267
Published Date: Feb 2024
Report Format: PDF

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Elbow Replacement Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous technological advancements in implant design, rising need for robotic-assisted surgery, and a surging demand for minimally invasive surgical techniques, among other factors are propelling the industry growth.

Further, there is a rising interest in biologic solutions for elbow injuries and degenerative conditions, including biological augmentation and tissue engineering approaches. Biological treatments aim to promote tissue healing, regenerate cartilage, and enhance joint stability, offering potential alternatives or adjuncts to traditional elbow replacement surgery.
Moreover, robotic-assisted surgery is gaining acceptance in the field of orthopedics, including elbow replacement procedures. Surgical robots offer enhanced precision, intraoperative visualization, and real-time feedback for surgeons, leading to more accurate implant placement and improved surgical outcomes.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global elbow replacement industry was valued at around USD 244.4 million in 2023 and is estimated to reach over USD 474 million by 2032, attributed to the ongoing advancements in technology, an increasing incidence of elbow injuries, and a rising demand for minimally invasive procedures.

The total elbow replacement segment garnered USD 145.2 million in 2023 and will grow through 2032 as it is an effective treatment option for individuals with chronic arthritis that have exhausted conservative treatments.

North America elbow replacement industry accounted for over USD 98.1 million in 2023 and is predicted to witness substantial growth through 2032 as the region hosts major orthopedic implant manufacturers and specialized healthcare providers.

Acumed LLC., Arthrex, Inc., DJO, LLC, Johnson & Johnson (DePuy Synthes), Limacorporate S.p.A., ORTHOFIX MEDICAL INC, Ottobock, Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc.