South and Central America Artificial Joints Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Cemented Joints, Non-Cemented Joints); Material (Ceramics, Alloys, Oxinium, Others); Application (Artificial Joints of Knee, Artificial Joints of Hip, Artificial Joints of Shoulder, Others); End User (Hospitals, Ambulatory Care Centers, Other End Users) and Country

South and Central America Artificial Joints Market Forecast to 2027 - COVID-19 Impact and Regional Analysis - By Type (Cemented Joints, Non-Cemented Joints); Material (Ceramics, Alloys, Oxinium, Others); Application (Artificial Joints of Knee, Artificial Joints of Hip, Artificial Joints of Shoulder, Others); End User (Hospitals, Ambulatory Care Centers, Other End Users) and Country

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MARKET INTRODUCTION

An artificial joint is a device used in orthopedic surgery procedures in which an arthritic or dysfunctional joint surface is surgically replaced. They are also called prostheses and designed to enable improved joint function and correct abnormalities associated with joint movement. Artificial joints can be prepared from alloy, metal, ceramic, or oxinum and implanted into the site depending on the patient, surgeon, and feasibility of the procedure.

MARKET OVERVIEW AND DYNAMICS

The South and Central America Artificial Joints market is expected to reach US$ 1,331.92 million in 2027 from US$ 1,971.57 million in 2019. The market is estimated to grow with a CAGR of 5.1% from 2020-2027. South and Central America Artificial Joints market is expected to grow due to factors such as to increasing prevalence of bone and joint disorders, increasing prevalence of obesity, and rising government support by introducing guidelines for regenerative medicines. However, high cost and complications like prosthetic joint infections, associated with the artificial joint surgery is expected to hinder market growth.

KEY MARKET SEGMENTS

Based on Product, the South and Central America Artificial Joints market is segmented into cemented joints and non-cemented joints. The cemented joints segment held the largest share of the market in 2019 and is expected to register the highest CAGR in the market during the forecast period. The Artificial Joints market, on basis of material, is segmented into ceramics, alloys, oxinium, others. The ceramic segment held the largest share of the market in 2019, however, alloys segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on Application, the South and Central America Artificial Joints market is segmented into artificial joints of knee, artificial joints of hip, artificial joints of shoulder, others. The artificial joints of knee segment held the largest share of the market in 2019 and is expected to register the highest CAGR in the market during the forecast period. The South and Central America Artificial Joints market, based on end user, is segmented into artificial joints of hospitals, ambulatory care centers, and other end users. The hospital segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period.

MAJOR SOURCES AND COMPANIES LISTED

Some of the major primary and secondary sources associated with this report on the South and Central America Artificial Joints market are the International Osteoporosis Foundation (IOF); International Society of Arthroplasty, Knee Surgery and Orthopedic Sports Medicine (ISAKOS); World Health Organization (WHO); and National Health Service (NHS).

REASONS TO BUY THE REPORT

• Determine prospective investment areas based on a detailed trend analysis of the South and Central America Artificial Joints market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different artificial joints segments in the top spending countries and identify the opportunities offered by each of them.
• Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels driving the South and Central America artificial joints market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs undertaken by the different countries within the South and Central America artificial joints market.

SOUTH AND CENTRAL AMERICA ARTIFICIAL JOINTS MARKET SEGMENTATION

By Type

•    Cemented Joints

•     Non-Cemented Joints

By Material

•      Ceramics

•      Alloys

•      Oxinium

•      Others

By Application

•   Artificial Joints of Knee

•    Artificial Joints of Hip

•    Artificial Joints of Shoulder

•    Others

By End User

•    Hospital

•    Ambulatory Care Centers

•    Others

By Country

• Brazil
• Argentina
• Rest of South and Central America

Company Profiles

•    Smith & Nephew

•    Stryker Corporation

•    Zimmer Biomet

•    Medtronic

•    Braun Melsungen AG

•    Colfax Corporation  

•    Depuy Synthes (Johnson and Johnson Services, Inc.)

1. Smith & Nephew
2. Stryker Corporation
3. Zimmer Biomet
4. Medtronic
5. Braun Melsungen AG
6. Colfax Corporation  
7. Depuy Synthes (Johnson and Johnson Services, Inc.)

• Determine prospective investment areas based on a detailed trend analysis of the South and Central America Artificial Joints market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different artificial joints segments in the top spending countries and identify the opportunities offered by each of them.
• Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels driving the South and Central America artificial joints market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs undertaken by the different countries within the South and Central America artificial joints market.