Small Joint Replacement Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

Technological Advancements, Favorable Reimbursement, and Rising Demand for Out-patient Surgical Procedures Boost Market Prospects

The global small joint replacement market is experiencing robust growth, fueled by a combination of factors that include the increasing incidence of osteoporosis and osteoarthritis, technological advancements in the field of small joint replacement, favorable reimbursement policies, and rising demand for out-patient surgical procedures. These factors are reshaping the landscape of orthopedic healthcare and driving the demand for small joint replacement procedures.

Rising Incidence of Osteoporosis and Osteoarthritis

Osteoporosis, a condition characterized by porous and thin bones prone to fractures, is affecting millions globally. Over 80% of fractures in individuals aged 50 and above are attributed to osteoporosis, leading to more than 8.9 million fracture cases worldwide. On the other hand, osteoarthritis is estimated to impact around 30.8 million adults and is becoming a leading cause of disability among adults. The United States alone witnesses approximately 1.5 million cases of osteoporosis annually, with a twofold incidence of hip fractures. Similar trends are observed in Canada, with around 10% of the population aged above 40 diagnosed with osteoporosis.

Technological Advancements Driving Growth

Advancements in orthopedic treatment have shifted towards minimally invasive surgeries, offering improved patient outcomes and reduced recovery times. These advancements include the development of advanced implants and materials that boast longer durability-up to 25-30 years-compared to traditional orthopedic implants. Minimally invasive procedures, such as ankle replacement, have become more cost-effective and entail faster recovery times. These technological leaps are expected to further propel the growth of the global small joint replacement market.

Favorable Reimbursement Policies

Favorable reimbursement policies play a significant role in supporting the growth of the small joint replacement market. Recent changes in reimbursement for procedures like total ankle replacement have led to increased adoption, benefitting both patients and healthcare providers. These changes have not only improved patient access to crucial treatments but also incentivized hospitals to offer small joint replacement procedures.

Rising Demand for Out-patient Surgical Procedures

Increasing awareness of reconstructive procedures, particularly in regions like Singapore, India, China, and South Korea, has spurred the demand for small joint replacements. The affordability and accessibility of advanced emergency room procedures have contributed to this trend. Furthermore, the preference for out-patient surgeries, which do not require prolonged hospital stays, aligns with the preferences of insurance payers, further boosting the demand for better quality small joint replacement procedures.

Competitive Analysis

Key players in the global small joint replacement market include Johnson & Johnson Services Inc, Zimmer Biomet Holdings, Stryker Corporation, Smith & Nephew, Wright Medical Group N.V., Integra LifeSciences, Evolutis Group, Corin Group, KeriMedical SA, and Marle SA, among others. These companies are leveraging their expertise and advancements in large joint replacement to enter the small joint replacement market, offering innovative products and solutions.

Market Segmentation

The small joint replacement market is segmented based on product type, end-users, and regions.

Product Type

Ankle Replacement
Digits Replacement
Elbow Replacement
Wrist Replacement

End User

Hospitals
Outpatient Center

Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Small Joint Replacement Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Small Joint Replacement Production Output, by Region, Value (US$ Mn) and Volume (Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis, by Product Type, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Small Joint Replacement Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit

5. Global Small Joint Replacement Market Outlook, 2018 - 2031

5.1. Global Small Joint Replacement Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Ankle Replacement
  - 5.1.1.2. Digits Replacement
  - 5.1.1.3. Elbow Replacement
  - 5.1.1.4. Wrist Replacement
5.2. Global Small Joint Replacement Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospitals
  - 5.2.1.2. Outpatient Centers
5.3. Global Small Joint Replacement Market Outlook, by Region, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Small Joint Replacement Market Outlook, 2018 - 2031

6.1. Global Small Joint Replacement Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Ankle Replacement
  - 6.1.1.2. Digits Replacement
  - 6.1.1.3. Elbow Replacement
  - 6.1.1.4. Wrist Replacement
6.2. Global Small Joint Replacement Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospitals
  - 6.2.1.2. Outpatient Centers
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Small Joint Replacement Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.2. U.S. Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.3. Canada Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.4. Canada Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Small Joint Replacement Market Outlook, 2018 - 2031

7.1. Global Small Joint Replacement Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Ankle Replacement
  - 7.1.1.2. Digits Replacement
  - 7.1.1.3. Elbow Replacement
  - 7.1.1.4. Wrist Replacement
7.2. Global Small Joint Replacement Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Hospitals
  - 7.2.1.2. Outpatient Centers
- 7.2.2. Attractiveness Analysis
7.3. Europe Small Joint Replacement Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.2. Germany Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.3. U.K. Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.4. U.K. Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.5. France Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.6. France Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.7. Italy Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.8. Italy Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.9. Turkey Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.10. Turkey Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.11. Russia Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.12. Russia Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.13. Rest of Europe Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.14. Rest of Europe Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Small Joint Replacement Market Outlook, 2018 - 2031

8.1. Global Small Joint Replacement Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Ankle Replacement
  - 8.1.1.2. Digits Replacement
  - 8.1.1.3. Elbow Replacement
  - 8.1.1.4. Wrist Replacement
8.2. Global Small Joint Replacement Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospitals
  - 8.2.1.2. Outpatient Centers
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Small Joint Replacement Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.2. China Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.3. Japan Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.4. Japan Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.5. South Korea Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.6. South Korea Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.7. India Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.8. India Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Small Joint Replacement Market Outlook, 2018 - 2031

9.1. Global Small Joint Replacement Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Ankle Replacement
  - 9.1.1.2. Digits Replacement
  - 9.1.1.3. Elbow Replacement
  - 9.1.1.4. Wrist Replacement
9.2. Global Small Joint Replacement Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Hospitals
  - 9.2.1.2. Outpatient Centers
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Small Joint Replacement Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.2. Brazil Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.3. Mexico Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.4. Mexico Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.5. Argentina Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.6. Argentina Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.7. Rest of Latin America Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.8. Rest of Latin America Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Small Joint Replacement Market Outlook, 2018 - 2031

10.1. Global Small Joint Replacement Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Ankle Replacement
  - 10.1.1.2. Digits Replacement
  - 10.1.1.3. Elbow Replacement
  - 10.1.1.4. Wrist Replacement
10.2. Global Small Joint Replacement Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Hospitals
  - 10.2.1.2. Outpatient Centers
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Small Joint Replacement Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.2. GCC Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.3. South Africa Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.4. South Africa Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.5. Egypt Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.6. Egypt Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.7. Nigeria Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.8. Nigeria Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Small Joint Replacement Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Small Joint Replacement Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. By End User vs by Product Type Heatmap
11.2. Company Market Share Analysis, 2022
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Wright Medical
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Stryker Corporation
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. Zimmer Biomet
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. Integra Lifesciences
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Johnson & Johnson (Dupey Synthes)
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Corin Group
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. Evolutis Group
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. KeriMedical SA
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. Marle SA
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations