Global Artificial Limbs and Joints Market Growth 2023-2029

Global Artificial Limbs and Joints Market Growth 2023-2029

A limb or joint lost through accident, disease, or birth defect may be replaced with an artificial limb or joint. Such a replacement is called a "prosthesis," from the Latin word meaning "addition." Crude artificial limbs have been used since the earliest loss of an arm, leg, hand, or foot.

LPI (LP Information)' newest research report, the “Artificial Limbs and Joints Industry Forecast” looks at past sales and reviews total world Artificial Limbs and Joints sales in 2022, providing a comprehensive analysis by region and market sector of projected Artificial Limbs and Joints sales for 2023 through 2029. With Artificial Limbs and Joints sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Artificial Limbs and Joints industry.

This Insight Report provides a comprehensive analysis of the global Artificial Limbs and Joints landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Artificial Limbs and Joints portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Artificial Limbs and Joints market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Artificial Limbs and Joints and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Artificial Limbs and Joints.

The global Artificial Limbs and Joints market size is projected to grow from US$ 1702.6 million in 2022 to US$ 2375.6 million in 2029; it is expected to grow at a CAGR of 2375.6 from 2023 to 2029.

North America emerged as one of the largest revenue generating region of the market in 2013. Presence of developed healthcare infrastructure, high healthcare expenditure and continuous R&D activities pertaining to the development of novel digital and computerized limbs are key factors attributing to its large share. Asia Pacific is expected to exhibit promising growth over the forecast period owing to the presence of untapped market opportunities coupled with continuously developing healthcare infrastructure. The artificial limb and joints market is oligopolistic in nature with approximately five companies occupying nearly 90% of the revenue.

This report presents a comprehensive overview, market shares, and growth opportunities of Artificial Limbs and Joints market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Artificial Knee
Artificial Hip
Artificial Elbow
Artificial Shoulder
Artificial Arm
Artificial Leg

Segmentation by application
Hospital
Clinic

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zimmer
DePuy
Stryker
Smith & Nephew
Biomet

Key Questions Addressed in this Report

What is the 10-year outlook for the global Artificial Limbs and Joints market?

What factors are driving Artificial Limbs and Joints market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Artificial Limbs and Joints market opportunities vary by end market size?

How does Artificial Limbs and Joints break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.