The prosthetic joint infection market covers products that are used to treat and prevent infections associated with hip, knee, and shoulder replacements. Proper sterilization and antibiotic treatment are crucial to combat bacteria and prevent rejection of the implant. Growing numbers of joint replacement surgeries performed annually and the vulnerability of an aging population to postoperative complications are driving demand in this space. The Global Prosthetic Joint Infection Market is estimated to be valued at US$ 64.2 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024-2031.
Prosthetic joints are implanted to restore mobility in patients dealing with arthritis, trauma injury, or bone diseases affecting major joints like knees, hips, and shoulders. However, implants come with the risk of surrounding tissues becoming infected due to bacteria entry during or after surgery. If left untreated, prosthetic joint infections can cause implant failure and necessitate revision surgery. Market players offer antimicrobial coatings, bactericidal joint liners, advanced dressings and wound drainage systems, antibiotic and antiseptic agents to minimize risk at hospitals and for long-term care.
Key Takeaways
Key players operating in the prosthetic joint infection market are Zimmer Biomet, Smith & Nephew, DePuy Synthes (Johnson & Johnson), and Stryker.
The rising volume of joint replacement surgeries globally is propelling the demand for infection preventive solutions. Over 572,000 hip and Knee replacement procedures were performed in 2020 in the United States.
Leading suppliers are expanding their offerings and geographical presence to tap growing demand from medical infrastructure in emerging Asian and Latin American countries.
Market Key Trends
The prosthetic joint infection market is witnessing rising demand for anti-microbial coating technologies for implants. Advanced silver, antibiotic and polyhexamethylene biguanide coatings help reduce bacterial colonization on the implant surface and entry points. Major players are gaining FDA clearances for novel biomaterials that prevent initial attachment of pathogens. With joint replacement volumes growing among younger more active populations, demand is increasing for long-term infection preventive solutions integrated into the implant design.
Porter's Analysis
Threat of new entrants: It is low as there are high capital requirements with regulatory compliance and quality standards.Bargaining power of buyers: It is moderate to high as there are large buyers like hospitals and orthopaedic clinics who can negotiate on prices.Bargaining power of suppliers: It is moderate as there are few suppliers of medical devices and implants.Threat of new substitutes: It is low as prosthetic joint surgeries or joint replacement surgeries have very few effective substitutes.Competitive rivalry: It is high as the market is dominated by large multinational players with strong R&D capabilities.
Geographical Regions in terms of value
North America region dominates the prosthetic joint infection market and holds the largest share in terms of value owing to increasing prevalence of orthopaedic diseases and rising number of joint replacement surgeries performed annually in this region.
Fastest growing region
Asia Pacific region is expected to be the fastest growing market for prosthetic joint infection during the forecast period. This is attributed to rising geriatric population, improving healthcare infrastructure, and increasing healthcare expenditure in emerging countries such as China and India.
What Are The Key Data Covered In This Prosthetic Joint Infection Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Prosthetic Joint Infection 's growth between 2024 and 2031.
:- Accurate calculation of the size of the Prosthetic Joint Infection and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Prosthetic Joint Infection Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Prosthetic Joint Infection vendors
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it