Joint Reconstruction Implant Market Analysis Insights by Latest Trends, Future Growth, Revenue and Demand

While the popularity for minimally invasive procedures like arthroscopy proliferates among a sizeable patient population, research affirms that joint reconstruction implants will remain at the heart of joint care. The latest ongoing research of Fairfield Market Research suggests that global joint reconstruction implant market will be majorly driven by the fact that these implants have the capability to provide younger patients with a viable alternative to hemiarthroplasty. Increasing prevalence of osteoporosis, osteoarthritis, and several other bone-related conditions is likely to sustain adoption of joint reconstruction implants worldwide. The market will remain buoyant with a significantly large market value of joint replacement surgeries.

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High Prevalence of Osteoarthritis to Push Market Expansion

Knee replacement surgeries continue to be one of the most performed procedures in the world of orthopaedics. While joint replacement surgeries remain ubiquitous, knee replacements have become exceptionally common over the past decade as around 4 million surgeries are performed each year. Arthritis has been among the leading causes of long-term disability/es that predominantly affects knees. Growing prevalence of osteoarthritis will thus continue to be one of the strongest factors favouring the growth of joint reconstruction implant market. Despite this scenario, high procedure costs, and poor reimbursement policy structure will remain the major limiting factor facing the participants in joint reconstruction implant market.

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North American Market Continues to Top, Europe Follows

The market for joint reconstruction implants in North America will continue to surge ahead on account of a stronger hospital network, wide insurance coverage, and sophisticated healthcare infrastructure. Higher prevalence rate of musculoskeletal disorders, and an increasing number of joint replacement surgeries, especially in the US, are expected to uphold the dominance of North American market in joint reconstruction implant space. Growing patient inclination toward minimally invasive surgical procedures will however remain a longstanding impediment facing market participants. Europe will also continue to be an important market, particularly driven by an escalating number of knee surgeries.

Challenges associated with accessibility to healthcare facilities are projected to remain a major roadblock facing South European markets, suggests the report. Lack of awareness about the availability of implants is also likely to be the key impediment restricting penetration of joint reconstruction implants across Europe, especially among the high-risk patient pool. On the other hand, despite a nominal revenue share in the market currently, Asia Pacific reflects high growth potential according to initial findings of the report. Key companies operating in the region, and those seeking potential opportunities here will benefit from a consistent rise in the number of osteoarthritis cases, the expanding elderly population, and the rocketing number of know surgeries. China, followed by Australia, and Japan are expected to lead their way in the Asia Pacific market for joint reconstruction implants.

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