Press release
Joint Reconstruction Devices And Equipment Global Market Worth $31.35 Billion By 2028 Rapid Growth Predicted CAGR of 7.3% | Stryker Corporation, Zimmer Biomet, Globus Medical, DJO Global Inc., Medtronic
Joint Reconstruction Devices And Equipment Market
As per the report, the joint reconstruction devices and equipment market size has grown strongly in recent years. It will grow from $21.86 billion in 2023 to $23.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The joint reconstruction devices and equipment market size is expected to see strong growth in the next few years. It will grow to $31.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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Expanding Patient Pool With Joint Reconstruction Diseases Fuels Growth In Joint Reconstruction Devices Market
The presence of a large pool of patients in joint reconstruction diseases is driving the market. Patients are preferring joint replacement treatment instead of other treatments for joint diseases, because of increased safety and reliability. The rise in joint reconstruction diseases such as osteoarthritis, knee and hip injury, road accident, cartilage, and labral injury is increasing the patient pool. For instance, osteoarthritis is a common disorder of joints that mainly affects the geriatric population across the globe. This condition can be treated by joint replacement surgeries using orthopedic knee and hip implants surgery According to the Arthritis Foundation, about 67 million people are expected to suffer from arthritis by 2030. This rise in the patient pool for joint diseases is driving the demand for the joint reconstruction devices and equipment market, significantly impacting the market growth.
Innovative Advancements 3D Printing Technology Revolutionizes Joint Reconstruction Devices Market
Major companies in joint reconstruction devices are increasingly investing in 3D printing technology due to its significant improvement over traditional joint reconstruction surgery. This technique uses for reconstructions of bones as a base before the surgery plan so the patient can get a preoperative MRI or CT scan. These features are particularly beneficial for patients in terms of safety concerns, which can affect adherence to treatment regimens. For instance, in August 2022, Exactech, a US-based developer of innovative implants and instrumentation launched their noval total hip arthroplasty system. It comprehensive system that offers a wide range of innovative design features to help surgeons achieve the best possible outcomes for their patients.
The joint reconstruction devices and equipment market covered in this report is segmented -
1) By Product Type: Knee Reconstruction Devices, Hip Reconstruction Devices, Extremity Reconstruction Devices
2) By Application: Arthrodesis, Arthroscopy, Joint Replacement Surgery, Osteotomy, Resurfacing Surgery, Small Joint Surgery
3) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
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Major companies operating in the joint reconstruction devices and equipment market report are Stryker Corporation, Zimmer Biomet, Johnson & Johnson, Smith & Nephew, Globus Medical, DJO Global Inc., Aesculap Implant Systems LLC, Medtronic, CONMED Corporation, Össur, Allegra Orthopedics, DePuy Synthes, Tornier Inc., Corin Group Plc., Covidien plc, PolyNovo Limited, Exactech Inc., United Orthopedic Corporation, Victrex, Evonik, Royal DSM, Lepu Medical Technology Company (Beijing) Co. Ltd, Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co. Ltd, Shanghai Runda Medical Technology Co. Ltd., GE Healthcare China Co. Ltd., Smiths Medical (Beijing) Co. Ltd., Nuvasive Inc., AAP Implantate AG, Waldemar Link GmbH & Co. KG, Amplitude SAS, Beznoska Company Ltd, Sanatmetal Ltd, Medin a.s., Collagen Matrix Inc., XpandOrtho, Integra Lifesciences, NEOORTHO, Manoel Amaral Baumer, Biomecânica, ORTOBIO, Ortosintese, IMPOL Próteses Ortopédicas, Wright Medical, B. Braun, Meril Life, Zimmer (Shaarani Group), Corin South Africa (Pty) Ltd, Medtronic Africa, EgiFix Medical
Contents of the report:
1. Executive Summary
2. Joint Reconstruction Devices And Equipment Market Report Structure
3. Joint Reconstruction Devices And Equipment Market Trends And Strategies
4. Joint Reconstruction Devices And Equipment Market - Macro Economic Scenario
5. Joint Reconstruction Devices And Equipment Market Size And Growth
…..
27. Joint Reconstruction Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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