Joint Reconstruction Devices Market Forecast 2018-2024 | Top Players - Stryker, Zimmer Biomet, Medtronic Spinal, Smith & Nephew, DePuy Synthes Companies & More

MarketStudyReport.com present the report on global Joint Reconstruction Devices Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

U.S. joint reconstruction devices market will grow considerately at 2.4% CAGR in the foreseeable future. According to the National Institute of Arthritis and Musculoskeletal and Skin Diseases, nearly 70 million American population have some or the other form of chronic joint disorder or arthritis. The large population base with high musculoskeletal disorder prevalence will create ample opportunities for the growth of joint reconstruction devices market in the United States.

Some of the notable industry players are Stryker, Zimmer Biomet, Medtronic Spinal, Smith & Nephew, DePuy Synthes Companies, Integra LifeSciences and Aesculap Implant Systems among others. Industry players focus on increasing their research and development activities by launching innovative technology and enhanced joint replacement implants. Also, companies carry out merger and acquisition to expand the market at geographic level in order to sustain in the competitive market.

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China joint reconstruction devices was valued around USD 501.5 million in the year 2017. China has been progressing in the last few years in the bone and joint market segment. Joint replacement surgery is accepted for people suffering from surgically remediable joint diseases and conducted routinely across the country. The recent technological advancements along with increasing adoption of joint replacement procedure in the country will boost the market growth.

Joint Reconstruction Devices Market will exceed USD 21.5 billion by 2024; as per a new research report. Rising prevalence of Osteoarthritis is one of the prominent factors driving the joint reconstruction devices market growth. Being one of the most common disease around the globe and leading cause of disability among the population aged above 40, the need to address the problem will be largely responsible for rapid demand for various reconstruction devices.

Joint reconstruction surgeries are becoming prevalent, recurrent and more complex at the same time. However, patients undergoing joint reconstruction surgeries are more susceptible to several post-surgical complications such as bleeding, wound complication, thromboembolic disease, neural deficit, etc. The rise in cases of post-surgical complications will hamper the market growth.

Hip replacement devices market held significant market share and was valued around USD 6,677.3 million in the year 2017. Hip replacement is one the most common joint replacement procedures conducted across the globe, resulting in high hip replacement devices demand. In past few years, hip replacement procedures have increased drastically, making the hip device market second biggest in the world after knee replacement devices.

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Knee replacement devices market will grow at 3.7% CAGR in near future. Knee replacement was the 14th most common inpatient surgical procedure in the year 2013. According to the World Health Organization (WHO) report of 2014, around 10% and 18% men and women above 60-year age suffer from osteoporosis, proving to be one of the most impact rendering factor for the segment growth over the forecast period.

Table of content:

Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Joint Reconstruction Devices Industry Insights
Chapter 4. Joint Reconstruction Devices Market, By Joint type
Chapter 5. Joint Reconstruction Devices Market, By Region
Chapter 6. Company Profiles

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Related Report:

United States Joint Reconstruction Devices Market Report 2017
In this report, the United States Joint Reconstruction Devices market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-joint-reconstruction-devices-market-report-2017/?utm_source=RR-PSR

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