# The Artificial Joints Market to stick around based on organic expansion
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-12-13
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Growing Artificial Joints Market: Personalised Healthcare
Meta Description: Discover the latest trends and forecasts for the artificial joints market. Learn about the impact of aging populations, rising chronic arthritis cases, and the
URL: https://financedigest.com/the-artificial-joints-market-to-stick-around-based-on-organic-expansionhtml

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The Artificial Joints Market shall be growing unabatedly in the future. The healthcare vertical is expected to go “personalized” in the next 10 years. Thus, genomics and genetics, along with the other biologic information, going personalized will help in early diagnosis of the [disease and also how patients will respond to the treatments](https://www.financedigest.com/innovation-at-periodic-intervals-to-upscale-the-liver-disease-treatment-market.html "Innovation at periodic intervals to upscale the Liver Disease Treatment Market"). Likewise, the healthcare vertical would be there to make greater strides in the [forecast period](https://www.financedigest.com/europe-lithium-ion-battery-market-to-expand-at-a-healthy-cagr-of-around-7-5-over-the-forecast-period-of-2021-2031.html "Europe Lithium Ion Battery Market to expand at a healthy CAGR of around 7.5% over the forecast period of 2021-2031").

[Artificial joints are medical](https://www.financedigest.com/artificial-intelligence-ai-to-catalyze-the-fine-medical-wire-market.html "Artificial Intelligence (AI) to catalyze the Fine Medical Wire Market") devices that are surgically implanted to conceive for total or fractional replacement of a joint. These are designed to restore normal joint functionality. The artificial joints are called prosthesis. The prosthesis are made up of medical grade metal alloys such as stainless steel, cobalt chrome, titanium, bio-ceramic materials and ultra high molecular weight polyethylene. Hip and knee joints are the most common joint surgeries performing worldwide.

There has been an unprecedented [growth in the aging population globally](https://www.financedigest.com/cone-crusher-markets-advanced-research-growth-opportunities-in-global-industry-by-2030-edited-by-leading-research-firm.html "Cone Crusher Market’s advanced Research & Growth Opportunities in Global Industry by 2030 Edited by Leading Research Firm"). According to the [World Health Organization](https://www.financedigest.com/explainer-how-the-world-health-organization-might-fight-future-pandemics.html "Explainer-How the World Health Organization might fight future pandemics") (WHO), the number of people aged 60 years and over is expected to increase from 605 million to 2 billion over 2000 to 2050. This rise in geriatric population has led to a rise in the incidence and [prevalence of chronic](https://www.financedigest.com/unstoppable-prevalence-of-infectious-and-chronic-illnesses-to-fuel-the-demand-for-diagnostics.html "Unstoppable prevalence of Infectious and Chronic Illnesses to fuel the Demand for Diagnostics") arthritis.

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According to the World Health Organization, in 2010, the global prevalence of rheumatoid arthritis in seven major [developed markets](https://www.financedigest.com/the-drinkable-peanut-powder-market-gloat-over-organic-development.html "The Drinkable Peanut Powder Market Gloat Over Organic Development") (U.S., U.K, France, Japan, Germany, Italy and Spain) was approximately 4.6 million (above the age group of 16). This high prevalence of rheumatoid arthritis [presents the artificial joints market](https://www.financedigest.com/acrylic-lenses-market-2022-present-scenario-and-growth-prospects-2026.html "Acrylic Lenses Market 2022 | Present Scenario and Growth Prospects 2026") with a large patient pool to cater to.

In addition, the U.S. approximately accounts for the largest market [share of this market and has reported](https://www.financedigest.com/tim-shares-slide-as-reported-grid-bids-disappoint.html "TIM shares slide as reported grid bids disappoint") arthritis as one of the leading cause of disability. According to the Centers for Disease Control and Prevention (CDC), by 2030 an [estimated 67 million](https://www.financedigest.com/spotifys-monthly-active-users-top-500-million-beat-estimate.html "Spotify’s monthly active users top 500 million, beat estimate") Americans above the age of 18 years are projected to have doctor diagnosed arthritis.

Thus, rise in aging population coupled with rising incidences of chronic arthritis is [expected to push](https://www.financedigest.com/hawkish-ecb-comments-push-up-rate-hike-expectations.html "Hawkish ECB comments push up rate-hike expectations") the demand for artificial joints market. Stringent regulatory requirements and lengthy process of FDA [approvals have discouraged the medical devices](https://www.financedigest.com/eu-commission-approves-delay-in-medical-devices-law-to-avert-shortages.html "EU commission approves delay in medical devices law to avert shortages") sector in the U.S., which is now eyeing other regions such as Asia and Latin America to [launch newer products in the market](https://www.financedigest.com/adzooma-launches-to-the-market.html "Adzooma Launches to the Market").

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North America [represents the largest regional market](https://www.financedigest.com/ab-property-marketing-appointed-to-represent-spanish-real-estate-law-specialists-fuster-associates.html "AB Property Marketing appointed to represent Spanish Real Estate Law specialists Fuster& Associates") for artificial joints in 2012, primarily due to increase in orthopedic procedures, rise in incidence of obesity and introduction of technologically advanced products. American Academy of Orthopedic Surgeons (AAOS), estimated that approximately 2.4 million Americans would be affected by LSS by 2021.

[Europe accounts for the second largest](https://www.financedigest.com/uk-card-fraud-losses-climbed-18-percent-in-2015-largest-rise-in-europe.html "UK CARD FRAUD LOSSES CLIMBED 18 PERCENT IN 2015, LARGEST RISE IN EUROPE") market for artificial joints after the U.S. Rising aging population and longer life [expectancy](https://www.financedigest.com/instant-view-us-may-payrolls-rise-up-than-expected.html "Instant View: US May payrolls rise up than expected") has led to a rise in musculoskeletal diseases such as osteoarthritis, rheumatoid arthritis and others in Europe. Asia-Pacific comprises countries such as India, China, Australia, Japan and Malaysia.

Japan and [China account for the largest share](https://www.financedigest.com/asian-shares-muted-as-investors-fret-over-china-reopening.html "Asian shares muted as investors fret over China reopening") of the artificial joints market among the Asia-Pacific countries. According to the Government of Japan, it has the fastest growing geriatric population that reached a [record of 31.86 million](https://www.financedigest.com/ireland-fines-instagram-a-record-400-million-over-childrens-data.html "Ireland fines Instagram a record 0 million over children’s data") people in September 2013 and the population is expected to reach 95.2 million by 2050.

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This significant rise in the geriatric population along with [technological advancement is expected to boost the artificial joint market](https://www.financedigest.com/technology-will-kick-start-the-uk-housing-market.html "Technology will kick-start the UK housing market") in this region. Moreover, emerging economies such as India and China, with a significantly large pool of potential reconstructive surgery patients, represent a [big opportunity for the artificial joints market](https://www.financedigest.com/instant-view-ecb-sticks-with-big-rate-hike-even-as-bank-fears-roil-markets.html "Instant View: ECB sticks with big rate hike even as bank fears roil markets"). Rest of the World (RoW) comprises the [markets in Latin America](https://www.financedigest.com/north-america-fluoroscopy-navigation-technology-market-to-witness-a-robust-cagr-of-4-8-during-2021-2031.html "North America Fluoroscopy Navigation Technology Market to Witness a Robust CAGR of 4.8% During 2021 – 2031"), the Middle East and Africa. The [market for artificial](https://www.financedigest.com/artificial-intelligence-ai-to-catalyze-the-autologous-matrixinduced-chondrogenesis-market.html "Artificial Intelligence (AI) to catalyze the Autologous Matrixinduced Chondrogenesis Market") joints in RoW is primarily fuelled by extensive increase of healthcare infrastructure in Brazil and Mexico.

Major market players operating in the [global artificial joints market includes](https://www.financedigest.com/veraviews-included-on-iab-global-vendor-list.html "VeraViews Included on IAB Global Vendor List") Zimmer Holdings, Inc., Biomet, Inc., DePuy Synthes, Inc., Smith & Nephew plc. Stryker Corporation, Medtronic, Inc., Exactech, Inc., among others.

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