The increasing geriatric population – The global demographic shift towards an older population has led to a higher prevalence of age-related joint conditions like osteoarthritis. As people age, they are more likely to experience joint degeneration, resulting in pain, stiffness, and reduced mobility. Therefore, there is an increasing demand for joint replacement surgery to address these issues. Sedentary lifestyles characterized by low physical activity levels contribute to the obesity epidemic and joint degeneration among all age groups. This trend is further exacerbated by poor posture and alignment resulting from sedentary behaviour. Both factors drive the demand for artificial joints to alleviate pain, restore mobility, and improve quality of life. Therefore, the increasing geriatric population and the rising prevalence of sedentary lifestyle will contribute to the market’s growth.
The cost of artificial joints – The cost of artificial joint replacement surgery encompasses several factors, including surgical expenses, implant costs, hospitalization fees, rehabilitation expenses, and additional costs. Surgical costs cover fees for the surgeon, anesthesiologist, and operating room facilities. Hospitalization costs include pre-operative evaluation, inpatient care, post-operative monitoring, medications, and rehabilitation services during the hospital stay. Rehabilitation costs encompass physical therapy sessions, assistive devices, and home health services to aid recovery. Additional expenses may include diagnostic tests, consultations, medications, and follow-up appointments. These costs are significantly high and make artificial joints inaccessible to most of the population, limiting the market's growth.
Technological advancements – The increasing awareness about the benefits of artificial joint replacements is driving more people to consider joint replacement surgery as a viable solution to their joint problems. Furthermore, technological advancements have led to the development of more durable, functional, and personalized artificial joints. Minimally invasive surgical approaches, aided by advanced imaging and navigation technologies, offer patients less invasive procedures, faster recovery times, and improved outcomes. Together, these factors drive the adoption of artificial joints, effectively meeting the rising demand and contributing to the market's development.
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global artificial joints market based on below mentioned segments:
Global Artificial Joints Market by Type:
Global Artificial Joints Market by Material Type:
Global Artificial Joints Market by Application:
Global Artificial Joints Market by End User:
Global Artificial Joints Market by Region:
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