Overview and Scope
Joint reconstruction devices are implantable medical devices that are used to
operate as replacements for the shoulder joint, hip joint or knee joint to
restore the function of a joint. A joint can be restored by resurfacing the
bones.
Sizing and Forecast
The joint reconstruction devices and equipment market size has grown strongly
in recent years. It will grow from $21.86 billion in 2023 to $23.62 billion in
2024 at a compound annual growth rate (CAGR) of 8.1%. The
growth in the historic period can be attributed to advancement in
technologies, strong economic growth in emerging markets and rise in healthcare
expenditure.
The joint reconstruction devices and equipment market size is expected to see
strong growth in the next few years. It will grow to $31.35 billion in 2028 at
a compound annual growth rate (CAGR) of 7.3%.
The growth in the forecast period can be attributed to an increase in
joint reconstruction disorders, rapid growth in the geriatric population and
increase in joint replacement surgical procedures are expected. Major trends in
the forecast period include developing iot enabled solutions for joint
reconstruction surgery to carry out procedures without having any human
interaction, using artificial intelligence to reduce costs and time, investing
in developing in robotics products for joint reconstruction surgery, focusing
on merger and acquisition activities for business expansion, and investing in
3d printing technology due to its significant improvement over the traditional
joint reconstruction surgery.
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Segmentation & Regional Insights
The joint reconstruction devices and equipment market covered in this report is
segmented –
1) By Product Type: Knee Reconstruction Devices, Hip Reconstruction Devices,
Extremity Reconstruction Devices
2) By Application: Arthrodesis, Arthroscopy, Joint Replacement Surgery,
Osteotomy, Resurfacing Surgery, Small Joint Surgery
3) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
North America was the largest region in the global joint reconstruction devices
and equipment market in 2023. Asia-Pacific was the second largest market in
joint reconstruction devices and equipment market. The regions covered in the
joint reconstruction devices and equipment market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa
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Major Driver Impacting Market Growth
The presence of a large pool of patients in joint reconstruction diseases is
driving the market. Patients are preferring joint replacement treatment instead
of other treatments for joint diseases, because of increased safety and
reliability. The rise in joint reconstruction diseases such as osteoarthritis,
knee and hip injury, road accident, cartilage, and labral injury is increasing
the patient pool. For instance, osteoarthritis is a common disorder of joints
that mainly affects the geriatric population across the globe. This condition
can be treated by joint replacement surgeries using orthopedic knee and hip
implants surgery According to the Arthritis Foundation, about 67 million people
are expected to suffer from arthritis by 2030. This rise in the patient pool
for joint diseases is driving the demand for the joint reconstruction devices
and equipment market, significantly impacting the market growth.
Key Industry Players
Major companies operating in the joint reconstruction devices and equipment
market report are Stryker Corporation, Zimmer Biomet, Johnson & Johnson,
Smith & Nephew, Globus Medical, DJO Global Inc., Aesculap Implant Systems
LLC, Medtronic, CONMED Corporation, Össur, Allegra Orthopedics, DePuy Synthes,
Tornier Inc., Corin Group Plc., Covidien plc, PolyNovo Limited, Exactech Inc.,
United Orthopedic Corporation, Victrex, Evonik, Royal DSM, Lepu Medical
Technology Company (Beijing) Co. Ltd, Yuwell - Jiangsu Yuyue Medical Equipment
& Supply Co. Ltd, Shanghai Runda Medical Technology Co. Ltd., GE Healthcare
China Co. Ltd., Smiths Medical (Beijing) Co. Ltd., Nuvasive Inc., AAP
Implantate AG, Waldemar Link GmbH & Co. KG, Amplitude SAS, Beznoska Company
Ltd, Sanatmetal Ltd, Medin a.s., Collagen Matrix Inc., XpandOrtho, Integra
Lifesciences, NEOORTHO, Manoel Amaral Baumer, Biomecânica, ORTOBIO,
Ortosintese, IMPOL Próteses Ortopédicas, Wright Medical, B. Braun, Meril Life,
Zimmer (Shaarani Group), Corin South Africa (Pty) Ltd, Medtronic Africa, EgiFix
Medical
The joint reconstruction devices and equipment market report table of contents
includes:
1. Executive Summary
2. Joint
Reconstruction Devices And Equipment Market Characteristics
3. Joint
Reconstruction Devices And Equipment Market Trends And Strategies
4. Joint
Reconstruction Devices And Equipment Market - Macro Economic Scenario
5. Global
Joint Reconstruction Devices And Equipment Market Size and Growth
.
32. Global
Joint Reconstruction Devices And Equipment Market Competitive Benchmarking
33. Global
Joint Reconstruction Devices And Equipment Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Joint Reconstruction Devices And Equipment
Market
35. Joint
Reconstruction Devices And Equipment Market Future Outlook and Potential
Analysis
36.
Appendix
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