Global Elbow Replacement Market: Introduction
Elbow is a hinge joint, which is made up of three bones: ulna, radius, and humerus. Elbow replacement surgery is a complicated procedure due to the movable joints. Elbow replacement surgery is rare compared to knee or hip replacement surgeries. In the surgery, elbow is replaced with an artificial joint made of metal and plastic. Elbow replacement surgery can be considered in various cases such as rheumatoid arthritis, elbow instability, degenerative bone diseases, and posttraumatic arthritis. The replacement can be either partial or total, depending on the need.
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Key Drivers of Global Elbow Replacement Market
Increase in Incidence of Musculoskeletal Disorders
Musculoskeletal disorders is the leading contributor to disability across the world, with lower back pain being the single leading cause of disability. Musculoskeletal disorders significantly limit mobility and dexterity, leading to early retirement from work, reduced accumulated wealth, and reduced ability to participate in social roles. According to the World Health Organization, GBD’s study indicated that musculoskeletal disorders were the highest contributors to global disability (accounting for 16% of all years lived with disability), and lower back pain was the single leading cause of disability. Prevalence of musculoskeletal disorders varies by age and diagnosis and 20% to 33% people across the globe live with a painful musculoskeletal condition.
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Increase in Number of Sports Injuries
According to the U.S. Centers for Disease Control and Prevention (CDC), participation in organized sports is rising. Nearly 30 million children and adolescents participate in youth sports in the U.S. According to the American Orthopedic Society for Sports Medicine, high school athletes account for an estimated 2 million injuries, 500,000 doctor visits, and 30,000 hospitalizations each year. Over 3.5 million children aged under 14 receive medical treatment for sports injuries each year. According to data provided by the U.S. Department of Health and Human Services, an estimated 8.6 million sports injuries occur in the U.S. each year.
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North America to Account for Major Share of Global Elbow Replacement Market
North America is projected to dominate the global market during the forecast period. High prevalence of rheumatoid arthritis and rise in trend of unhealthy lifestyle are the major factors anticipated to drive the market in the region in the next few years. Moreover, advanced technology, rise in awareness among people about extremities implants, high health care expenditure, and favorable reimbursement policies are expected to propel the elbow replacement market in North America. Europe accounted for significant share of the global market in 2020. Growth of the market in the region is attributed to increase in geriatric population and rise in health care expenditure. The market in Asia Pacific is likely to witness strong growth during the forecast period due to increase in the geriatric population, rise in accidental rates, high prevalence of orthopedic diseases, improving health care infrastructure, and rise in awareness among people about elbow replacement. Moreover, focus of major players on expanding presence is projected to boost the growth of the market in Asia Pacific during the forecast period.
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Key Players Operating in Global Elbow Replacement Market
The global elbow replacement market is highly consolidated owing to the presence of several key players.
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