Technological Advancements to Influence Small Joint Replacement Market Growth

Global Small Joint Replacement Market: Overview

The global small joint replacement market is expected to register a robust growth during 2018-2026, thanks to growing cases of joint surgery. Replacement arthroplasty is a type of orthopedic surgery, wherein dysfunctional joints are replaced with an apt prosthesis. The surgery is usually as a last-resort by medical professionals, after all pain-relieving procedures fail. These surgeries are required for patients suffering from rheumatoid arthritis and osteoarthritis.

Total joint arthroplasty (TJA) is considered one of the most successful and cost-effective methods.

Each year, about 1 million TJAs are undertaken by medical professionals. The number of TJA cases are expected to rise to 4 million by 2030. One of the most common forms of joint disfigurements is seen in knees and hips. These disfigurements lead to loss of muscle strength and limited mobility. Prosthesis have become the go-to option for treating knee and hip replacements.

The global small joint replacement market is expected to continue its robust growth despite many side effects such as heart attacks, venous thromboembolism, increased confusion, pneumonia, and strokes.

Report Overview:

Global Small Joint Replacement Market: Notable Developments

  • MIT researchers have uncovered a direct-drug delivery system, which can help treat osteoarthritis. The researchers have designed a new material which delivers drugs directly to the cartilage. These drugs also help heal the tissue. The osteoarthritis disease affects nearly 20 million people in the United States. Currently, drug treatments restrict pain but these treatments do not treat the underlying medical condition.
  • A new study by Johns Hopkins research shows that people over 65 or elderly citizen benefit very little or none due to a common surgery. The surgery is quite expensive, sometimes costing nearly 10,000 dollars. These surgeries are also known as APM or arthroscopic partial meniscectomy accounted for over 60% of all orthopedic knee arthroscopy.

Global Small Joint Replacement Market: Key Trends

The global small joint replacement market is expected to witness considerable growth in the near future, thanks to a rising geriatric population. The elderly population in the world stood at 962 million in 2017. In 2050, the number is expected to increase to 2.1 billion according to the United Nations. Additionally, this population is highly prone to surgeries such as hip replacement. The elderly population also largely resides in mature markets such as Europe, North America, wherein the healthcare infrastructure improvements are expected to reach everyone. Additionally, technological advancements in the field are also expected to enable large masses to undertake hip surgeries, which was not possible earlier. Hence, it is likely that the global small joint replacement market would open up several opportunities for all players in the near future. The aging population, rising illnesses such as arthritis, growing sedentary lifestyle, and limited movement due to growing illnesses such as diabetes are expected to drive growth for the small joint replacement market. On the other hand, stringent FDA regulations, inefficacies of some treatment methods, and lack of proper reimbursement methods are expected to limit growth of the small joint replacement market as well.  

Request Brochure:

Global Small Joint Replacement Market: Regional Outlook

The small joint replacement market is divided into several regions including North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. The market is expected to register the highest growth in North America, thanks to improved healthcare infrastructure, technological advancements in surgery methods, and rising geriatric population. On the other hand, Asia Pacific region is expected to register the highest CAGR growth during the forecast period. The region is home to incredibly large population and is witnessing several infrastructure developments, especially in the healthcare sector. Additionally, Asia Pacific region is also witnessing rising disposable income and growing reimbursement mechanisms such as private insurance sector. The rise of the insurance sector and considerable geriatric population is likely to create considerable opportunities for growth in the small joint replacement market in Asia Pacific.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

Request Customization:

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

Request for covid19 Impact Analysis:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.


Trending Reports:


About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.


Rohit Bhisey
Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

USA - Canada Toll Free: 866-552-3453







Publicado en Health en marzo 31 at 01:30
Comentarios (0)
No login
Inicie sesión o regístrese para enviar su comentario
Cookies on De Gente Vakana.
This site uses cookies to store your information on your computer.