Joint Reconstruction Devices Market Share 2022-2027: Industry Size , Trends, Growth, and Forecast

The latest research study "Joint Reconstruction Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global joint reconstruction devices market size reached US$ 24.42 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 34.85 Billion by 2027 exhibiting a CAGR of 5.60% during 2022-2027.

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Joint reconstruction devices represent equipment that are generally designed for restoring the movement of joints, providing them with structural support either temporarily or permanently, assisting in tissue reconstruction, etc. They are utilized with one or more implantable medical devices as a replacement in whole or part of the shoulder, hip, and knee joints. Joint reconstruction devices also find extensive applications in ambulatory surgical centers (ASCs), orthopedic clinics, hospitals, etc.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Joint Reconstruction Devices Market Trends:

The growing prevalence of osteoarthritis (OA), owing to the unhealthy dietary patterns and sedentary lifestyles of individuals, is primarily driving the joint reconstruction devices market. Additionally, the increasing number of accidental or sports-related injuries that cause broken bones and dislocations and the inflating need for total ankle replacement (TAR) and tibiotalar arthrodesis (TTA) for the management of ankle arthritis are further catalyzing the market growth.

Besides this, the introduction of numerous advanced technologies, including robotics and augmented reality (AR), to enable joint reconstruction to be safer, more accurate, efficient, etc., is acting as another significant growth-inducing factor. Moreover, the escalating demand for 3D printing in creating customized bio models and implants to plan and simulate complex surgical procedures is positively influencing the global market.

Apart from this, the rising popularity of robotic-assisted surgery as an innovative method for hip and knee arthroplasty that offers enhanced component positioning, real-time information regarding soft tissue tensioning and balance, restoration of hip length and offset, etc., is projected to fuel the joint reconstruction devices market in the coming years.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Technique:
• Joint Replacement
o Implants
o Bone Graft
• Osteotomy
• Arthroscopy
• Resurfacing
• Arthrodesis
• Others

Breakup by Joint Type:
• Knee
• Hip
• Shoulder
• Ankle
• Others

Breakup by End User:
• Hospitals
• Orthopedic Clinics
• Ambulatory Surgical Centers (ASCs)
• Others
By Geography:
• North America (United States, Canada)
•Asia Pacific (China, Japan, India, South Korea, •Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, •Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

List of Major Key Players:

The major players in the market are Aesculap Inc. (B. Braun Melsungen AG), Conformis Inc., Conmed Corporation, DJO Global Inc. (Enovis Corporation), Exactech Inc., Johnson & Johnson Services Inc, Kyocera Medical Technologies Inc. (Kyocera Corporation), Medacta International SA, Smith & Nephew plc, Stryker Corporation and Zimmer Biomet.

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