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Joint Reconstruction Device Market: Industry Size, Share, Growth, Forecasts 2017 - 2025

05-23-2018 09:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketResearchReports.biz

Joint Reconstruction Device Market: Industry Size, Share,

MarketResearchReports.Biz announces addition of new report "Joint Reconstruction Device Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its database

The objectives of this study are as follows:

To define, describe, and forecast the "Joint Reconstruction Device" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Joints wear out over a period of time due to their constant use. Joint reconstruction or replacement surgeries are performed to relieve pain and restore functions. When joints suffer a traumatic injury, or when the cartilage protecting the joints wear out, replacement or surgical repair is often required. Various surgical repair and replacement options are available. These vary in durability, complexity, and recovery time, depending on the extent of joint or cartilage damage.

Joint replacement surgery is a complicated procedure that are performed on the hip, knee, or shoulder. These process use prosthetic joints made from plastic or metal, which are designed to move in the same way as natural joints do and the prosthetic joints could be cemented or cementless. Surgery with cementless use prosthetic joints devices take longer to heal; however, they have greater mobility.

Growing geriatric population and rising incidences of arthritis, osteoporosis, gout, and bone degenerative diseases caused due to sedentary lifestyle and unhealthy diet are anticipated to drive the joint replacement device market. However, alternative treatments such as bone and soft tissue grafting is likely to restrain the market to a certain extent.

Based on product type, the joint reconstruction device market has been segmented into knee reconstruction devices, hip reconstruction devices, and extremity joint reconstruction device. Knee reconstruction devices is further sub-segmented into total knee replacement, partial knee replacement, kneecap replacement (patellofemoral arthroplasty), and revision total knee replacement. Hip reconstruction devices is divided into total hip replacement, partial hip replacement, and revision total hip replacement. Extremity joint reconstruction device is categorized into shoulder, elbow, hand & wrist, and foot & ankle. Knee construction devices segment is anticipated account for the largest share of the market due to increasing prevalence of arthritis and rising awareness regarding knee management. According to the Arthritis Foundation in 2011, in U.S. there were 757,000 knee replacements and 512,000 hip replacements.

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Based on indication, the joint reconstruction device market has been segmented into osteoarthritis, rheumatoid arthritis, hip dysplasia, acetabular dysplasia, joint stiffness, orthopedic trauma, and others. Rheumatoid arthritis accounts for a major market share of the market due to rising prevalence of the disease and availability of minimally invasive surgical treatment options. Osteoarthritis is anticipated to be the fastest growing segment during the forecasted period. The expansion of the segment can be attributed to sedentary lifestyle and insufficient dietary supplements. According to the Arthritis Foundation in the year 2014 approximately 50 million adults were diagnosed with arthritis worldwide, resulting in an estimated 6.7 million hospitalizations.

In terms of prosthesis type, the joint reconstruction device market has been bifurcated into cementless joint replacement and cemented joint replacement. Based on technique, the joint reconstruction device market has been segregated segmented into traditional surgery, minimally invasive surgery (MIS) and computer-assisted surgery (CAS). In terms of end-user, the joint reconstruction device market has been segmented into hospitals, ambulatory surgical centers, and orthopedic clinics.

Based on geography, the joint reconstruction device market has been classified into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America dominates the global market, with the U.S. accounting for a major global market share. Increasing rates of arthritis is the primary factor propelling the U.S. market for joint reconstruction or replacement surgeries. In the U.S., 1 in 5 adults have been diagnosed with arthritis and this number is expected to rise to an estimated 67 million by the year 2030. As per the Centers for Disease Control and Prevention, arthritis is a common cause of disability in the U.S., affecting nearly 19 million patients every year. However, the market in Asia Pacific is projected to expand at a rapid pace due to government initiatives, rising focus of major players on developing economies, and growing geriatric population.

Key players operating in the global joint reconstruction device market include Zimmer Biomet Holdings, Inc., Smith & Nephew plc, Stryker Corporation, Medtronic Inc., DePuy Synthes (a Johnson & Johnson Company), Aesculap Implant Systems, LLC (a B. Braun company), Mako Surgical Corp, Exactech Inc., Arthrex, Inc., DJO Surgica – Encore, and ConforMIS.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

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