Press release
(2020-2030) Joint Reconstruction Devices And Equipment Market Size, Industry Growth, Emerging Trends With Top Players Smith & Nephew, Stryker, Zimmer Biomet, B. Braun Melsungen, Wright Medical
The Business Research Company offers "Joint Reconstruction Devices And Equipment Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.The global joint reconstruction devices and equipment market is expected to decline from $17.9 billion in 2019 to $11.4 billion in 2020 at a compound annual growth rate (CAGR) of -36.3%. The decline is mainly due to COVID-19 outbreak and the measures to contain it. Several medical care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. The orthopedic surgeries have been postponed and in some cases cancelled due the nations lockdown. The restrictions on non-essential medical services including orthopedic services coupled with slowed production of orthopedic devices and implants due to extending factory closures in various countries is contributing to the markable decline in the market growth. The market is then expected to recover and grow at a CAGR of 5.1% from 2021 and reach $21.8 billion in 2023.
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The joint reconstruction devices and equipment market consists of sales of joint reconstruction devices and equipment and related services. Joint reconstruction devices and equipment are used in joint reconstruction procedures. These include shoulder replacement, ankle replacement, digit replacement, hip replacement, elbow replacement, knee replacement, and elbow replacement.
Companies in the joint reconstruction devices are increasingly investing in 3D printing technology due to its significant improvement over the traditional joint reconstruction surgery. This technique uses for reconstructions of bones as a base before surgery plan so the patient can get a preoperative MRI or CT scan. These features are particularly beneficial for patient in terms of safety concerns, which can affect adherence to treatment regimens. For instance, in August 2018, ConforMIS a medical technology company launched its 3D printed hip system implant for the hip replacement surgery.
Joint Reconstruction Devices And Equipment Market Segmentation: -
By Type
Knee Reconstruction Devices
Hip Reconstruction Devices
Extremity Reconstruction Devices
By Application
Arthrodesis
Arthroscopy
Joint Replacement Surgery
Osteotomy
Resurfacing Surgery
Small Joint Surgery
By End User
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
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Few Points From Table Of Content
1. Executive Summary
2. Joint Reconstruction Devices And Equipment Market Characteristics
3. Joint Reconstruction Devices And Equipment Market Size And Growth
4. Joint Reconstruction Devices And Equipment Market Segmentation
5. Joint Reconstruction Devices And Equipment Market Regional And Country Analysis
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25. Joint Reconstruction Devices And Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Joint Reconstruction Devices And Equipment Market
27. Joint Reconstruction Devices And Equipment Market Trends And Strategies
28. Joint Reconstruction Devices And Equipment Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Joint Reconstruction Devices And Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Joint Reconstruction Devices And Equipment Market are Smith & Nephew, Stryker, Zimmer Biomet, B. Braun Melsungen, Wright Medical.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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