Europe 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, Artifi

Europe 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

The Europe artificial joints market was valued at US$ 4,847.77 million in 2019 and is projected to reach US$ 7,399.81 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020-2027. The growth of the market in Europe is driven by the increasing prevalence of obesity, and bone and joint disorders; and rising government support through the introduction of guidelines for regenerative medicines. However, high cost of procedures and complications associated with the artificial joint replacement surgery hinder the growth of the market.

Artificial joints are used in orthopedic surgeries in which an arthritic or dysfunctional joint surface is surgically replaced. Increasing geriatric population and sedentary lifestyle are resulting in the growing incidence of bone and joint diseases in the world. According to a study published by NHS in 2020, more the 400,000 people in the UK suffer from rheumatoid arthritis. The increasing prevalence of damaged bone and joint drives the demand for bone replacement procedures. The rising cases of sports injuries among athletes would also bolster the growth of the market during the forecast period.

Healthcare systems are overburdened in Europe due to the COVID-19 crisis, as they are struggling to deliver medical care for all patients. The complete shutdown of businesses offering artificial joints is disrupting the region's supply chain activities.

Based on product, the Europe artificial joints market is bifurcated into cemented joints and non-cemented joints. The cemented joints segment held a larger share of the market in 2019, and it is expected to register a higher CAGR during the forecast period.

The Europe artificial joints market, by material, is segmented into ceramics, alloys, oxinium, and others. The ceramic segment held the largest share of the market in 2019. However, the alloys segment is anticipated to register the highest CAGR in the market during 2020–2027.

Based on application, the Europe artificial joints market is segmented into artificial joints of knee, artificial joints of hip, artificial joints of shoulder, and others. The artificial joints of knee segment held the largest share of the market in 2019, and it is expected to register the highest CAGR in the market during the forecast period.

Based on end user, the Europe artificial joints market is segmented into hospitals, ambulatory care centers, and other end users. The hospital segment held the largest share of the market in 2019, and it is anticipated to register the highest CAGR in the market during the forecast period.

A few of the primary and secondary sources associated with the report on the Europe artificial joints market are German Arthroplasty Registry (EPRD); International Society of Arthroplasty, Knee Surgery and Orthopedic Sports Medicine (ISAKOS); World Health Organization (WHO); and National Health Service (NHS).

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