Joint Reconstruction Devices Market: Top Players – Medtronic Spinal, Smith & Nephew, DePuy Synthes Companies, Integra LifeSciences, Stryker, Zimmer Biomet and Aesculap Implant Systems

Joint Reconstruction Devices Market size was valued over USD 16.7 billion in 2017 and is expected to witness 3.7% CAGR from 2018 to 2024.according to a new research report published by Global Market Insights, Inc.

Rapidly expanding aging population base along with increasing number of centenarians, estimated to reach around 4 million by 2050 across the globe will drive the demand for various joint replacement devices. With rising incidences of orthopaedic diseases such as Osteoarthritis and other musculoskeletal disorders that causes joint pain, stiffness and inflammation; the need to address them will only rise in near future. Also, increasing life expectancy especially in emerging economies is resulting in more cases related to joint disorders; therefore, the demand and adoption rate of the joint reconstruction devices must increase multi-folds, fuelling the market growth.

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Increase in geriatric population in Asia Pacific countries such as India, China and Japan will augment demand for joint reconstruction devices. The Asia Pacific region is witnessing a rapid rise in the number of people over the age of 65 and require frequent use of joint reconstruction devices due to deteriorating bones and tissues. According to the World Health Organization (WHO), the average life expectancy of people is 83.7 years in Japan and 82.3 years in South Korea. Hence, with increasing geriatric population that is at a greater risk of getting affected by musculoskeletal disorders, the demand for various join reconstruction devices will rise in coming 5-7 years.

U.S. joint reconstruction devices market valued around USD 9.4 billion in 2017; such a high valuation is attributed to escalated number for joint reconstruction procedure. According to the study of American Academy of Orthopedic Surgeons (AAOS), in 2014, an estimated 4.7 million people in America had total knee replacement surgery (TKA) and around 2.5 million people have had total hip arthroplasty (THA). technological advancements, favorable insurance coverage policies and high disposable income will increase the number of total joint replacement surgeries, boosting the demand for joint reconstruction devices over the foreseeable future.

China joint reconstruction devices market is estimated expand at 12.4% CAGR during the projection period. Rising geriatric population across the country suffering from several musculoskeletal disorder will lead to growing demand for joint replacement implants. In China, around 1.2 billion people suffer from osteoarthritis, with 55% of them more than 60 years of age. Also, about 50,000 hip or knee replacement surgeries are carried out in China every year and the total number of joint replacement surgeries in China are increasing at a substantial rate, driving the overall industry growth.

Some of the leading players in join reconstruction devices industry are Stryker, Zimmer Biomet, Medtronic Spinal, Smith & Nephew, DePuy Synthes Companies, Integra LifeSciences and Aesculap Implant Systems. New technologically advanced products along with merger and acquisitions are some of the main strategies adopted to increase foothold in the market.

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Joint reconstruction devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Joint Reconstruction Devices Market, by Joint

• Knee Replacement
o Product
 Primary Knee Systems
 Revision Knee Systems
 Partial Knee Systems
o Component
 Femoral Component
 Tibial Component
 Patellar Component

• Hip Replacement
o Product
 Primary Hip Reconstruction Devices
 Partial Hip Reconstruction Devices
 Revision Hip Reconstruction Devices
 Hip Resurfacing Devices
o Component
 Acetabular component
 Femoral Component

• Shoulder Replacement
o Shoulder Arthroplasty Resurfacing Implants
o Shoulder Arthroplasty Trauma Implants
o Shoulder Arthroplasty Platform Implants

• Ankle Replacement
o Two-Component Fixed Bearing
o Three-Component Mobile Bearing
• Others

The above information is provided for the following regions/countries:

• North America
o U.S.
o Canada

• Europe
o Germany
o UK
o France
o Spain
o Italy

• Asia Pacific
o China
o India
o Japan
o Australia

• Latin America
o Brazil
o Mexico
o Argentina

• Middle East and Africa
o South Africa
o Saudi Arabia
o UAE

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.