Press release
Comprehensive Joint Reconstruction Devices And Equipment Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Joint Reconstruction Devices And Equipment
Joint Reconstruction Devices And Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for joint reconstruction devices and equipment has seen significant growth recently. This upward trend is expected to continue, with forecasts predicting a rise from $25.45 billion in 2024 to $26.98 billion in 2025, which translates to a compound annual growth rate (CAGR) of 6.0%. The notable growth experienced in the past can be attributed to technological advancements, robust economic progression in emerging markets, and increased spending within the healthcare industry.
Joint Reconstruction Devices And Equipment Market Size Forecast: What's the Projected Valuation by 2029?
Expectations indicate that the joint reconstruction devices and equipment market will experience considerable growth in the ensuing years, expanding to a worth of $33.92 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. This projected growth can be attributed to an uptick in joint reconstruction disorders, a swiftly rising elderly population, and an increase in joint replacement surgeries. Key trends expected to define the forecast period include the development of IoT-integrated solutions for joint reconstruction surgery, the utilization of artificial intelligence to minimize costs and time, investments in the creation of robotics products for joint reconstruction surgery, a focus on business expansion through mergers and acquisitions, and investments in 3D printing technology.
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What Are the Drivers Transforming the Joint Reconstruction Devices And Equipment Market?
The considerable patient population suffering from joint reconstruction diseases is a major driver for the market. Joint replacement therapies are becoming the preferred choice over other treatments for joint disorders, thanks to their increased safety and dependability. The surge in disorders like osteoarthritis, injuries to the knee and hip, road accidents and cartilage and labral injuries is enlarging the patient population. For example, osteoarthritis predominantly affects the elderly worldwide and is a prevalent joint disorder. This condition can be managed through joint replacement surgeries employing orthopedic knee and hip implants surgery. The Arthritis Foundation predicts that around 67 million individuals will likely suffer from arthritis by 2030. This growing patient count for joint diseases is fuelling the joint reconstruction devices and equipment market's demand, substantially influencing its growth.
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What Are the Key Trends Driving Joint Reconstruction Devices And Equipment Market Growth?
Leading firms in the field of joint reconstruction devices are progressively investing in 3D printing technology, due to the substantial advancements it provides over conventional joint reconstruction surgery. This method is utilized for reconstructing bones prior to operation, as a way to pre-plan the surgical procedure, whereby patients can undergo a preoperative MRI or CT scan. These elements are especially advantageous for patients regarding safety issues, which could influence compliance to treatment plans. For example, in August 2022, Exactech, an American innovator of unique implants and devices, introduced their brand new total hip arthroplasty system. This sophisticated system provides a myriad of novel design features aimed at assisting surgeons in achieving the optimum results for their patients.
Which Segments in the Joint Reconstruction Devices And Equipment Market Offer the Most Profit Potential?
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
Subsegments:
1) By Knee Reconstruction Devices: Total Knee Replacement (TKR) Implants, Partial Knee Replacement Implants, Knee Revision Implants
2) By Hip Reconstruction Devices: Total Hip Replacement (THR) Implants, Hip Resurfacing Implants, Hip Revision Implants
3) By Extremity Reconstruction Devices: Shoulder Reconstruction Devices, Ankle Reconstruction Devices, Elbow Reconstruction Devices, Wrist And Hand Reconstruction Devices
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Which Firms Dominate the Joint Reconstruction Devices And Equipment Market by Market Share and Revenue in 2025?
Major companies operating in the joint reconstruction devices and equipment market include 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
Which Regions Offer the Highest Growth Potential in the Joint Reconstruction Devices And Equipment Market?
North America was the largest region in the global joint reconstruction devices and equipment market in 2024. Asia-Pacific was the second largest market in joint reconstruction devices and equipment market. The regions covered in the joint reconstruction devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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