Elbow Replacement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Elbow Replacement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The elbow replacement market is expected to record a CAGR of 3.5% over the forecast period (2022-2027).

COVID-19 had a significant impact on the overall healthcare industry. As per the article published in 2020 under the title “How the Covid-19 pandemic affected shoulder and elbow practice in Turkey?”, a more than 75% decrease in surgical and outpatient clinical activity in elbow practice was documented during COVID-19. The rate of obtaining informed consent remained low, and half of the respondents used telemedicine. Moreover, as per the article published in 2020 under the title “COVID-19 – Changes in the presentation and management of shoulder and elbow trauma in a UK district general hospital orthopaedic department”, there was a significant change in the upper limb caseload. Certain injuries have been reduced, likely due to the COVID-19 lockdown. Hence, as per the factors mentioned above, COVID-19 has a significant impact on the elbow replacement market.

The damaged parts of the elbow are replaced with artificial elbow devices through surgery which is known as elbow replacement. The growth is mainly driven by technological advancements and the growing burden of diseases such as osteoarthritis and rheumatoid arthritis. For instance, as per the Centers for Disease Control and Prevention report, the projected prevalence of rheumatoid arthritis in the United States is 76 million by 2040. Due to the high estimated prevalence of rheumatoid arthritis, the probability of elbow replacement is projected to rise in the upcoming year thereby fueling the market.

Increased research and development initiatives, and government funding in the field of orthopedic area boost the market growth. For instance, as per the article published in 2022 under the title “How long does an elbow replacement last? A systematic review and meta-analysis of case-series and national registry reports with more than 10 years of follow-up”, over 80% of all elbow replacements and over 90% of linked elbow replacements are anticipated to last more than 10 years with sustained patient-reported benefits. Hence, owing to the increased benefit and durability associated with elbow replacements, the chance of adopting elbow replacement is high and thus boosting the market growth.

As per the aforementioned factors, the healthcare mobility solutions market is likely to grow over the forecast period. However, safety and security issues associated with patient health information and a lack of skilled professionals restrain the market growth.

Key Market TrendsTotal 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.

Competitive Landscape

The elbow replacement market is moderately fragmented in nature due to the presence of several companies operating globally as well as regionally. The global players in the elbow replacement market are Smith & Nephew, Johnson & Johnson, Ottobock SE & Co. KGaA, Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet.

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