Prosthetic Joint Infection Market is Estimated to Witness High Growth Owing to Rising Geriatric Population
Prosthetic joints refer to orthopedic implants including hip and knee which are implanted in human body to restore joint functionality of patients suffering from musculoskeletal disorders or trauma. Prosthetic joints are susceptible to infections during or after implantation surgeries. Prosthetic joint infection occurs when bacteria adhere to the implant surface and form a protective biofilm layer causing persistent infection. Rise in aging population with osteoarthritis, trauma and other joint disorders has significantly increased the demand for joint replacement surgeries globally. However, prosthetic joint infections post surgeries have emerged as a major healthcare challenge.
The prosthetic joint infection market is estimated to be valued at USD 64.2 Mn in 2024 and is expected to reach USD 91.6 Mn by 2031, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Key Takeaways
Key players operating in the prosthetic joint infection market are Zimmer Biomet, Stryker, DJO Global Inc., Smith & Nephew and DePuy Synthes.
Increasing trend of sports injuries and road accidents especially in developing nations of Asia Pacific and Latin America offer lucrative opportunities for players in Prosthetic Joint Infection Market.
Major players are focusing on expansion in Asia Pacific and Latin America to tap the rising demand from countries with high unmet needs and orthopedic patient population.
Market drivers
Rising geriatric population globally prone to musculoskeletal disorders and injuries is the major driver of prosthetic joint infection market. According to Population Reference Bureau report, number of those aged 65 years or over is projected to grow to nearly 1.5 billion in 2050 from 703 million in 2019. Therefore, prevalence of age related orthopedic issues like arthritis leading to joint implant surgeries is increasing tremendously fueling the PJI treatment demand.
PEST Analysis
Political: The government regulations regarding product approval and compliance to medical device regulatory standardsinfluence the prosthetic joint infection market.
Economic: Economic parameters such as disposable income, insurance coverage, healthcare expenditure will decide spending ability on expensive treatments related to prosthetic joint infections.
Social: Growing geriatric population suffering from arthritis and joint disorders drives the demand for joint replacement surgeries and consequently prosthetic joint infections treatment.
Technological: Development of advanced prosthetic materials, novel drug delivery systems, rapid diagnostic techniques aid in more effective infection detection and management while promoting faster recovery.
Geographical Concentration
North America accounts for the largest share of the prosthetic joint infection market in terms of value. This can be attributed to the presence of major players, developed healthcare infrastructure, rising joint replacement procedures and growing chronic disease burden in the region. The US dominates the North American market due to large patient pool undergoing joint replacement surgeries and subsequent revisions.
Fastest Growing Region
Asia Pacific region is poised to witness the highest growth during the forecast period owing to increasing healthcare spending, growing medical tourism industry, rising geriatric population and prevalence of degenerative joint disorders. Rising incidence of obesity and diabetes along with improving access to healthcare services fuels the joint replacement volumes in countries like India, China and Japan driving the prosthetic joint infection treatment demand.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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