The global joint reconstruction devices market size reached US$ 27.4 Billion in 2023. Looking forward, the market is projected to reach US$ 41.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.78% during 2023-2032.
Joint reconstruction devices are primarily designed for restoring the movement of joints, providing them with structural support either temporarily or permanently, or aiding in tissue reconstruction. These devices are utilized separately or together with one or more implantable medical devices as a replacement in whole or part for shoulder, hip, or knee joints. Nowadays, joint disorders like osteoarthritis (OA) are widely becoming prevalent on account of sedentary lifestyles and unhealthy dietary patterns of individuals. This is positively influencing the requirement for joint reconstruction devices across the globe.
Besides this, robotic-assisted surgery is emerging as an innovative method for hip and knee arthroplasty as it offers enhanced component positioning, real-time information about soft tissue tensioning and balance, and restoration of hip length and offset. This, coupled with the increasing accidental or sports-related injuries that cause broken bones and dislocations, is strengthening the growth of the market. Apart from this, there is a rise in the number of individuals requiring total ankle replacement (TAR) and tibiotalar arthrodesis (TTA) for the surgical management of ankle arthritis, which is projected to drive the market.
2. What is the expected growth rate of the global joint reconstruction devices market during 2024-2032?
3. What are the key factors driving the global joint reconstruction devices market?
4. What has been the impact of COVID-19 on the global joint reconstruction devices market?
5. What is the breakup of the global joint reconstruction devices market based on the technique?
6. What is the breakup of the global joint reconstruction devices market based on the joint type?
7. What are the key regions in the global joint reconstruction devices market?
8. Who are the key players/companies in the global joint reconstruction devices market?
Joint reconstruction devices are primarily designed for restoring the movement of joints, providing them with structural support either temporarily or permanently, or aiding in tissue reconstruction. These devices are utilized separately or together with one or more implantable medical devices as a replacement in whole or part for shoulder, hip, or knee joints. Nowadays, joint disorders like osteoarthritis (OA) are widely becoming prevalent on account of sedentary lifestyles and unhealthy dietary patterns of individuals. This is positively influencing the requirement for joint reconstruction devices across the globe.
Joint Reconstruction Devices Market Trends
The rising geriatric population around the world represents one of the key factors stimulating the growth of the market. Moreover, the advent of advanced, emerging technologies, such as 3D printing, robotics, and augmented reality (AR), are making joint reconstruction safer, more accurate, and efficient. 3D printing is increasingly being used in creating customized bio models (replicas of patient anatomy), devices, and implants to plan and simulate complex surgical procedures. This technology facilitates joint replacements associated with infection or the failure of a previous replacement joint.Besides this, robotic-assisted surgery is emerging as an innovative method for hip and knee arthroplasty as it offers enhanced component positioning, real-time information about soft tissue tensioning and balance, and restoration of hip length and offset. This, coupled with the increasing accidental or sports-related injuries that cause broken bones and dislocations, is strengthening the growth of the market. Apart from this, there is a rise in the number of individuals requiring total ankle replacement (TAR) and tibiotalar arthrodesis (TTA) for the surgical management of ankle arthritis, which is projected to drive the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global joint reconstruction devices market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on technique, joint type and end user.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
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report
1. What was the size of the global joint reconstruction devices market in 2023?2. What is the expected growth rate of the global joint reconstruction devices market during 2024-2032?
3. What are the key factors driving the global joint reconstruction devices market?
4. What has been the impact of COVID-19 on the global joint reconstruction devices market?
5. What is the breakup of the global joint reconstruction devices market based on the technique?
6. What is the breakup of the global joint reconstruction devices market based on the joint type?
7. What are the key regions in the global joint reconstruction devices market?
8. Who are the key players/companies in the global joint reconstruction devices market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Joint Reconstruction Devices Market
6 Market Breakup by Technique
7 Market Breakup by Joint Type
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
- Zimmer Biomet
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 138 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 27.4 Billion |
Forecasted Market Value ( USD | $ 41.7 Billion |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |