Global Joint Reconstruction Devices Market Size, Share, Growth & Report 2023-2028
IMARC Group has recently released a new research study “Joint Reconstruction Devices Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The Joint Reconstruction Devices Industry?
The global joint reconstruction devices market size reached US$ 26.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 36.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
What Is A Joint Reconstruction Devices?
Joint reconstruction devices refer to equipment that is mainly designed for restoring the movement of joints, providing them with structural support either temporarily or permanently, or aiding in tissue reconstruction. They are used separately or together with one or more implantable medical devices as a replacement in whole or part for shoulder, hip, or knee joints. As a result, these devices also find extensive applications in ambulatory surgical centers (ASCs), orthopedic clinics, hospitals, etc.
What Are The Major Key Factors Driving In The Joint Reconstruction Devices Market?
The growing geriatric population across numerous countries is primarily augmenting the joint reconstruction devices market. Furthermore, the introduction of several advanced technologies, including 3D printing, robotics, and augmented reality (AR), to enable joint reconstruction to be safer, more accurate, and efficient is positively influencing the global market. Apart from this, the escalating demand for three-dimensional printing in creating customized bio models (replicas of patient anatomy), devices, and implants to plan and simulate complex surgical procedures is acting as another significant growth-inducing factor.
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Moreover, the widespread adoption of the technology to facilitate joint replacements associated with infection or the failure of a previous replacement is also bolstering the market growth. Besides this, the emerging popularity of robotic-assisted surgery as an innovative method for hip and knee arthroplasty that offers enhanced component positioning, real-time information about soft tissue tensioning and balance, and restoration of hip length and offset is further catalyzing the global market. Additionally, the increasing number of accidental or sports-related injuries that cause broken bones and dislocations is also driving the market growth. In addition to this, the rising need for total ankle replacement (TAR) and tibiotalar arthrodesis (TTA) for the surgical management of ankle arthritis is expected to drive the joint reconstruction market in the coming years.
Who Are The Key Players/Companies In The Global Joint Reconstruction Devices Market?
Aesculap Inc. (B. Braun Melsungen AG), Conformis Inc., Conmed Corporation, DJO Global Inc. (Enovis Corporation), Exactech Inc., Johnson & Johnson Services Inc, Kyocera Medical Technologies Inc. (Kyocera Corporation), Medacta International SA, Smith & Nephew plc, Stryker Corporation and Zimmer Biomet
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Technique:
- Joint Replacement
- Implants
- Bone Graft
- Osteotomy
- Arthroscopy
- Resurfacing
- Arthrodesis
- Others
Breakup by Joint Type:
- Knee
- Hip
- Shoulder
- Ankle
- Others
Breakup by End User:
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers (ASCs)
- Others
By Geography
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates,
Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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