Artificial Hip And Knee Joint Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
- Single User License (1 Users) $ 3,200
- Team License (2~5 Users) $ 4,200
- Corporate License (>5 Users) $ 5,200
Introduction
Artificial hip and knee joints are prosthetic implants designed to replace damaged joints, primarily addressing osteoarthritis, which affects over 528 million people globally, and other conditions like rheumatoid arthritis and traumatic fractures. The market is driven by an aging population, with 14.27% of China’s population over 65 in 2023, and increasing joint replacement needs, including over 700,000 knee replacements annually in the U.S. Innovations like robotic surgery and durable materials enhance outcomes. The global market is projected to reach between USD 7.2 billion and USD 10.5 billion in 2025, with a CAGR of 2.8% to 4.7% through 2030.
Regional Analysis
North America: The U.S. leads with high replacement volumes, while Canada focuses on elderly care.
Europe: Germany, France, and the UK dominate, driven by aging demographics.
Asia Pacific: China and India see growth due to rising osteoarthritis, while Japan targets elderly joint health.
Rest of the World: Brazil expands orthopedic care, and the Middle East invests in premium implants.
Application Analysis
Hospitals & Surgery Centers: Expected growth of 2.7-4.5%, driven by complex surgeries. Trends focus on robotic assistance.
Orthopedic Clinics: Projected growth of 2.9-4.8%, linked to outpatient care. Developments emphasize quick recovery.
Others: Anticipated growth of 2.6-4.3%, including specialty centers. Advances prioritize patient comfort.
Type Analysis
Hip Joints (Total Hip): Expected growth of 2.8-4.6%, valued for full replacement. Trends highlight durable materials.
Hip Joints (Partial Femoral Head): Projected growth of 2.7-4.4%, suited for partial damage. Advances focus on minimally invasive options.
Hip Joints (Hip Resurfacing): Anticipated growth of 2.6-4.3%, key for younger patients. Developments prioritize longevity.
Hip Joints (Revision Hip): Expected growth of 2.9-4.7%, linked to redo surgeries. Trends emphasize precision.
Knee Joints (Total Knee Replacement): Projected growth of 2.8-4.6%, dominant for osteoarthritis. Advances focus on robotics.
Knee Joints (Partial Knee Replacement): Anticipated growth of 2.7-4.5%, suited for localized damage. Trends highlight faster recovery.
Knee Joints (Revision Knee Replacement): Expected growth of 2.9-4.8%, key for implant failures. Developments prioritize durability.
Key Market Players
Leading firms include Zimmer Biomet, offering durable implants; Stryker, advancing with Mako robotics; Johnson & Johnson, enhancing joint tech; Exactech, focusing on precision; Smith+Nephew, improving outcomes; MicroPort Orthopedics, targeting affordability; CORENTEC, innovating with hip cups; Medacta International, optimizing alignment; Enovis Corporation, integrating ARVIS tech; and CONMED Corporation, supporting orthopedic solutions.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to high R&D and regulatory barriers, though niche innovators can emerge.
Threat of Substitutes: Moderate, with conservative treatments competing, but implants offer superior mobility.
Bargaining Power of Buyers: Moderate, as hospitals seek cost-effective, long-lasting implants, though brand loyalty limits leverage.
Bargaining Power of Suppliers: Low, with multiple material suppliers.
Competitive Rivalry: High, with firms competing on durability, robotics, and patient outcomes.
Market Opportunities and Challenges
Opportunities:
Osteoarthritis affecting 528 million globally and an aging population (2.1 billion over 60 by 2050) drive demand.
Rising sports injuries (3.5 million annually in the U.S.) and obesity (over 650 million worldwide) increase joint wear.
Innovations like Stryker’s Mako 4 and OXINIUM materials boost success rates above 95%, while emerging markets offer growth potential.
Challenges:
High costs of robotic systems limit adoption in developing regions.
Regulatory scrutiny for new materials slows entry.
Reimbursement variability affects accessibility.
Market News
In February 2024, CORENTEC received FDA clearance for its BENCOX Mirabo Z Cup hip implant.
In October 2023, Medacta introduced GMK SpheriKA for knee replacements.
In July 2022, Enovis acquired Insight Medical Systems, integrating ARVIS for joint surgery.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Artificial Hip and Knee Joint Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Artificial Hip and Knee Joint by Region
8.2 Import of Artificial Hip and Knee Joint by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Artificial Hip and Knee Joint Market in North America (2020-2030)
9.1 Artificial Hip and Knee Joint Market Size
9.2 Artificial Hip and Knee Joint Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Artificial Hip and Knee Joint Market in South America (2020-2030)
10.1 Artificial Hip and Knee Joint Market Size
10.2 Artificial Hip and Knee Joint Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Artificial Hip and Knee Joint Market in Asia & Pacific (2020-2030)
11.1 Artificial Hip and Knee Joint Market Size
11.2 Artificial Hip and Knee Joint Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Artificial Hip and Knee Joint Market in Europe (2020-2030)
12.1 Artificial Hip and Knee Joint Market Size
12.2 Artificial Hip and Knee Joint Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Artificial Hip and Knee Joint Market in MEA (2020-2030)
13.1 Artificial Hip and Knee Joint Market Size
13.2 Artificial Hip and Knee Joint Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Artificial Hip and Knee Joint Market (2020-2025)
14.1 Artificial Hip and Knee Joint Market Size
14.2 Artificial Hip and Knee Joint Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Artificial Hip and Knee Joint Market Forecast (2025-2030)
15.1 Artificial Hip and Knee Joint Market Size Forecast
15.2 Artificial Hip and Knee Joint Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Zimmer Biomet
15.1.1 Company Profile
15.1.2 Main Business and Artificial Hip and Knee Joint Information
15.1.3 SWOT Analysis of Zimmer Biomet
15.1.4 Zimmer Biomet Artificial Hip and Knee Joint Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Stryker
15.2.1 Company Profile
15.2.2 Main Business and Artificial Hip and Knee Joint Information
15.2.3 SWOT Analysis of Stryker
15.2.4 Stryker Artificial Hip and Knee Joint Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Johnson & Johnson
15.3.1 Company Profile
15.3.2 Main Business and Artificial Hip and Knee Joint Information
15.3.3 SWOT Analysis of Johnson & Johnson
15.3.4 Johnson & Johnson Artificial Hip and Knee Joint Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Exactech
15.4.1 Company Profile
15.4.2 Main Business and Artificial Hip and Knee Joint Information
15.4.3 SWOT Analysis of Exactech
15.4.4 Exactech Artificial Hip and Knee Joint Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Smith+Nephew
15.5.1 Company Profile
15.5.2 Main Business and Artificial Hip and Knee Joint Information
15.5.3 SWOT Analysis of Smith+Nephew
15.5.4 Smith+Nephew Artificial Hip and Knee Joint Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 MicroPort Orthopedics
15.6.1 Company Profile
15.6.2 Main Business and Artificial Hip and Knee Joint Information
15.6.3 SWOT Analysis of MicroPort Orthopedics
15.6.4 MicroPort Orthopedics Artificial Hip and Knee Joint Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope Of Artificial Hip And Knee Joint Report
Table Data Sources Of Artificial Hip And Knee Joint Report
Table Major Assumptions Of Artificial Hip And Knee Joint Report
Table Artificial Hip And Knee Joint Classification
Table Artificial Hip And Knee Joint Applications List
Table Drivers Of Artificial Hip And Knee Joint Market
Table Restraints Of Artificial Hip And Knee Joint Market
Table Opportunities Of Artificial Hip And Knee Joint Market
Table Threats Of Artificial Hip And Knee Joint Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Artificial Hip And Knee Joint
Table Cost Structure Analysis Of Artificial Hip And Knee Joint
Table Key End Users List
Table Latest News Of Artificial Hip And Knee Joint Market
Table Merger And Acquisition List
Table Planned/Future Project Of Artificial Hip And Knee Joint Market
Table Policy Of Artificial Hip And Knee Joint Market
Table 2020-2030 Regional Export Of Artificial Hip And Knee Joint
Table 2020-2030 Regional Import Of Artificial Hip And Knee Joint
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 North America Artificial Hip And Knee Joint Demand List By Application
Table 2020-2025 North America Artificial Hip And Knee Joint Key Players Sales List
Table 2020-2025 North America Artificial Hip And Knee Joint Key Players Market Share List
Table 2020-2030 North America Artificial Hip And Knee Joint Demand List By Type
Table 2020-2025 North America Artificial Hip And Knee Joint Price List By Type
Table 2020-2030 United States Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 United States Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Canada Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Canada Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Mexico Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Mexico Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 South America Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 South America Artificial Hip And Knee Joint Demand List By Application
Table 2020-2025 South America Artificial Hip And Knee Joint Key Players Sales List
Table 2020-2025 South America Artificial Hip And Knee Joint Key Players Market Share List
Table 2020-2030 South America Artificial Hip And Knee Joint Demand List By Type
Table 2020-2025 South America Artificial Hip And Knee Joint Price List By Type
Table 2020-2030 Brazil Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Brazil Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Argentina Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Argentina Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Chile Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Chile Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Peru Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Peru Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Asia & Pacific Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Artificial Hip And Knee Joint Demand List By Application
Table 2020-2025 Asia & Pacific Artificial Hip And Knee Joint Key Players Sales List
Table 2020-2025 Asia & Pacific Artificial Hip And Knee Joint Key Players Market Share List
Table 2020-2030 Asia & Pacific Artificial Hip And Knee Joint Demand List By Type
Table 2020-2025 Asia & Pacific Artificial Hip And Knee Joint Price List By Type
Table 2020-2030 China Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 China Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 India Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 India Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Japan Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Japan Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 South Korea Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 South Korea Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Southeast Asia Artificial Hip And Knee Joint Market Size List
Table 2020-2030 Southeast Asia Artificial Hip And Knee Joint Market Volume List
Table 2020-2030 Southeast Asia Artificial Hip And Knee Joint Import List
Table 2020-2030 Southeast Asia Artificial Hip And Knee Joint Export List
Table 2020-2030 Australia Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Australia Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Europe Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Europe Artificial Hip And Knee Joint Demand List By Application
Table 2020-2025 Europe Artificial Hip And Knee Joint Key Players Sales List
Table 2020-2025 Europe Artificial Hip And Knee Joint Key Players Market Share List
Table 2020-2030 Europe Artificial Hip And Knee Joint Demand List By Type
Table 2020-2025 Europe Artificial Hip And Knee Joint Price List By Type
Table 2020-2030 Germany Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Germany Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 France Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 France Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 United Kingdom Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 United Kingdom Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Italy Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Italy Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Spain Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Spain Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Belgium Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Belgium Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Netherlands Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Netherlands Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Austria Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Austria Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Poland Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Poland Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Russia Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Russia Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Mea Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Mea Artificial Hip And Knee Joint Demand List By Application
Table 2020-2025 Mea Artificial Hip And Knee Joint Key Players Sales List
Table 2020-2025 Mea Artificial Hip And Knee Joint Key Players Market Share List
Table 2020-2030 Mea Artificial Hip And Knee Joint Demand List By Type
Table 2020-2025 Mea Artificial Hip And Knee Joint Price List By Type
Table 2020-2030 Egypt Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Egypt Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Israel Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Israel Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 South Africa Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 South Africa Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Artificial Hip And Knee Joint Import & Export List
Table 2020-2030 Turkey Artificial Hip And Knee Joint Market Size And Market Volume List
Table 2020-2030 Turkey Artificial Hip And Knee Joint Import & Export List
Table 2020-2025 Global Artificial Hip And Knee Joint Market Size List By Region
Table 2020-2025 Global Artificial Hip And Knee Joint Market Size Share List By Region
Table 2020-2025 Global Artificial Hip And Knee Joint Market Volume List By Region
Table 2020-2025 Global Artificial Hip And Knee Joint Market Volume Share List By Region
Table 2020-2025 Global Artificial Hip And Knee Joint Demand List By Application
Table 2020-2025 Global Artificial Hip And Knee Joint Demand Market Share List By Application
Table 2020-2025 Global Artificial Hip And Knee Joint Key Vendors Sales List
Table 2020-2025 Global Artificial Hip And Knee Joint Key Vendors Sales Share List
Table 2020-2025 Global Artificial Hip And Knee Joint Key Vendors Revenue List
Table 2020-2025 Global Artificial Hip And Knee Joint Key Vendors Revenue Share List
Table 2020-2025 Global Artificial Hip And Knee Joint Demand List By Type
Table 2020-2025 Global Artificial Hip And Knee Joint Demand Market Share List By Type
Table 2020-2025 Regional Artificial Hip And Knee Joint Price List
Table 2025-2030 Global Artificial Hip And Knee Joint Market Size List By Region
Table 2025-2030 Global Artificial Hip And Knee Joint Market Size Share List By Region
Table 2025-2030 Global Artificial Hip And Knee Joint Market Volume List By Region
Table 2025-2030 Global Artificial Hip And Knee Joint Market Volume Share List By Region
Table 2025-2030 Global Artificial Hip And Knee Joint Demand List By Application
Table 2025-2030 Global Artificial Hip And Knee Joint Demand Market Share List By Application
Table 2025-2030 Global Artificial Hip And Knee Joint Key Vendors Sales List
Table 2025-2030 Global Artificial Hip And Knee Joint Key Vendors Sales Share List
Table 2025-2030 Global Artificial Hip And Knee Joint Key Vendors Revenue List
Table 2025-2030 Global Artificial Hip And Knee Joint Key Vendors Revenue Share List
Table 2025-2030 Global Artificial Hip And Knee Joint Demand List By Type
Table 2025-2030 Global Artificial Hip And Knee Joint Demand Market Share List By Type
Table 2025-2030 Artificial Hip And Knee Joint Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Artificial Hip And Knee Joint Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Artificial Hip And Knee Joint Market Size And Cagr
Figure 2020-2030 North America Artificial Hip And Knee Joint Market Volume And Cagr
Figure 2020-2030 South America Artificial Hip And Knee Joint Market Size And Cagr
Figure 2020-2030 South America Artificial Hip And Knee Joint Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Artificial Hip And Knee Joint Market Size And Cagr
Figure 2020-2030 Asia & Pacific Artificial Hip And Knee Joint Market Volume And Cagr
Figure 2020-2030 Europe Artificial Hip And Knee Joint Market Size And Cagr
Figure 2020-2030 Europe Artificial Hip And Knee Joint Market Volume And Cagr
Figure 2020-2030 Mea Artificial Hip And Knee Joint Market Size And Cagr
Figure 2020-2030 Mea Artificial Hip And Knee Joint Market Volume And Cagr
Figure 2020-2025 Global Artificial Hip And Knee Joint Market Volume And Growth Rate
Figure 2020-2025 Global Artificial Hip And Knee Joint Market Size And Growth Rate
Figure 2025-2030 Global Artificial Hip And Knee Joint Market Volume And Growth Rate
Figure 2025-2030 Global Artificial Hip And Knee Joint Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |