Global Joint Reconstruction Devices Market is expected to grow at a CAGR of 5.10% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global joint reconstruction devices market is expected to grow from USD 19.38 Billion in 2017 to USD 28.47 Billion by 2025 at a CAGR of 5.10%during the forecast period from 2018-2025. North Americahas captured the largest market shareand generating the highest revenueduring the forecast period. High prevalence of joint-related conditions, presence of a large number of industry players, and favourable healthcare policies. These factors generating demand for advanced options. According to the United States Census Bureau, in 2016 around 49.2 million adults aged 65 and above are in the U.S.

Global Joint Reconstruction Devices Market by Technique (Joint Replacement, Osteotomy, Arthroscopy, Resurfacing, Arthrodesis, Implants, Bone Graft), Type, End-user, and Region" and Global Forecast 2018-2025.

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Major playersoperating in the market areStryker, Medtronic, Zimmer-Biomet, Aesculap Implant Systems, LLC, Smith and Nephew, DePuySynthes, CONMED Corporation, Nuvasive, Inc., DJO Global, Inc., Arthrex, Inc., ConforMIS, Waldemar LINK GmbH & Co. KG, B. Braun Melsungen AG, Kinamed, Inc., Allegra Orthopaedics Limited, Exactech, Inc.and others.Major players are engaged in developing new technologies to retain their foothold in the global market. For instance, in July 2016, Zimmer Biomet collaborated with Indo UK Institutes of Health (IUIH) established Zimmer Biomet Institute of Indiato improve the health care infrastructure in India.

Technique segment is divided into joint replacement, osteotomy, arthroscopy, resurfacing, arthrodesis and others. Joint replacement segment is dominating and held the largest market share of 42.07% in 2017. Major conditions affecting joints such as arthritis, osteoporosis, bone degenerative diseases, and injuries are driving the growth of the segment.Type segment is classified into knee, hip, shoulder, ankle and others. Knee segment held the largest market share in the forecast period. Increase in the number of total knee replacement surgeries and advancementsin knee implants for total and partial knee replacement surgeries are driving the segment.End user segment is classified into hospitals, orthopediccenters, ambulatory surgery center and others. The ambulatory surgical centers held the largest market share due to preferenceover hospital stay.

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Availability of better implant materials, demand of minimally invasive surgery, and ongoing research in the knee implant industry are expected to enhance the global knee replacement market are some of the major factors for the growth. In addition, growing emphasis on cost-effective health careis driving the orthopedic implants.Product recalls by regulatory authoritiesmay restrict thegrowth of the market. However, increasing technological advancements by competitors and ongoing research is opening new avenues for the market.

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