Joint Reconstruction Devices Market Analysis Focusing on Prominent Players – Stryker, Zimmer Biomet, Medtronic Spinal, Smith & Nephew, ConforMIS, Inc, DJO Global, DePuy Synthes Companies, Integra LifeSciences, NuVasive, Microport Scientific Corporation,

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.

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.

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Biocompatibility issues is an increasing concern in the joint replacement surgical procedure and may contribute to the rise in failure rate of the implanted devices, therefore impeding the market growth. Biocompatibility of the implants include the way the implants initially Osseo integrate within bone, potential adverse effects of byproducts. High cases of joint reconstruction implants failure rate will decline the product demand hampering the joint reconstruction industry growth.

Hip replacement reconstruction devices market valued over USD 6.6 billion in 2017. According government statistics, the number of hip replacements surgical procedures performed in U.S. have increased substantially and have become more common in the younger population. Easier fast recovery, durability of hip replacements, cost effective way to improve the patient’s quality of life and old people’s willingness to accept the limitations accompanying arthritis will lead to growing product demand, boosting hip replacement devices market growth.

Shoulder replacement reconstruction devices market will grow at 3.6% CAGR over the projection period. According to the American Academy of Orthopedic Surgeons (AAOS), the nationwide total number of shoulder replacements increased from 18,000 to 45,000 in the last decade. The number of shoulder reconstruction surgeries have skyrocketed in United States as recent technology improvement and aging population seek to restore function and relive pain related to arthritic shoulders, propelling the industry growth.

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Japan joint reconstruction devices market was valued around USD 858.1 million in the year 2017. A nationwide survey of the total hip fractures conducted by Japanese Orthopedic Association (JOA), found drastic increase in the number since the last decade. The rise in number of bone fractures along with increase in geriatric population will foster more opportunities for the Asia Pacific joint reconstruction devices market.

India joint reconstruction devices market is estimated to grow a 11.8% CAGR over the projection years. Total knee and hip replacement are the most common surgical procedures practiced across the world and its application is rapidly rising in India. According to the recent survey it was observed that around 70,000 joint replacement surgical procedures are carried out in India annually and expected to increase at significant rate in near future. Factors such as rising geriatric population, increase in prevalence of musculoskeletal disorders, improving healthcare infrastructure and expenditure in the country will favor the growth of joint reconstruction market in India.

Prominent industry players include include Stryker, Zimmer Biomet, Medtronic Spinal, Smith & Nephew, DePuy Synthes Companies, Integra LifeSciences and Aesculap Implant Systems The industry players use new and innovative strategies such as improving their manufacturing footprint, merger and acquisition, new product launches and geographical expansion for improving their market place.

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

Report Content

Chapter 1. Methodology
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. Joint Reconstruction Devices industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Joint type trends
2.1.3. Regional trends

Chapter 3. Joint Reconstruction Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increase in geriatric population in the Asia Pacific region
3.3.1.2. Rise in prevalence of orthopedic diseases in Middle East and Africa
3.3.1.3. Technological advancements in the European countries
3.3.1.4. Increase in number of joint reconstruction surgeries in North America
3.3.2. Industry pitfalls & challenges
3.3.2.1. High cost of the devices
3.3.2.2. Stringent FDA regulations
3.3.2.3. Biocompatibility issues
3.3.2.4. Post-surgical complications
3.4. Growth potential analysis
3.4.1. By Joint type
3.4.2. Knee reconstruction devices
3.4.3. Hip reconstruction devices
3.4.4. Shoulder reconstruction devices
3.4.5. Ankle reconstruction devices
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.6. Company share analysis
3.7. List of FDA approved joint reconstruction devices cleared for use in the U.S.
3.8. Potential new technology and devices
3.9. Porter's analysis
3.10. Competitive landscape, 2017
3.10.1. Business overview
3.10.2. Revenue analysis
3.10.3. Product landscape
3.10.4. Strategy dashboard
3.11. PESTEL analysis

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