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Joint Reconstruction Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Published By :

Transparency Market Research

Category :

Healthcare IT

Global Joint Reconstruction Devices Market: Overview

Joints are affected by various conditions such as osteoporosis, bone degenerative diseases, arthritis, and gout. Large number of people is susceptible to these conditions due to sedentary lifestyle and unhealthy diet. Joint reconstruction is a surgery performed for reconstructing the architecture of a joint for restoring its functions. Some of the joint reconstruction procedures are total hip replacement, total knee replacement, and anterior cruciate ligament. Hip replacement involves the reconstruction of damaged or diseased parts of the hip joint. Knee replacement is reconstruction of damaged knee joint. Nearly 90% patients achieve complete relief from pain after knee and hip replacement surgeries. Elderly people are more susceptible to joint disorders such as arthritis. According to the Arthritis Foundation, about 50 million adults in the U.S. had arthritis in 2016 and the number is projected to reach 67 million by 2030. Moreover, nearly 300,000 children have arthritis in the country.

Global Joint Reconstruction Devices Market: Drivers and Restraints

The global joint reconstruction devices market is expected to be driven by rise in demand for minimally invasive devices or techniques and increase in geriatric population during the forecast period. Additionally, increase in incidence of joint related diseases such as arthritis, bone degenerative diseases, osteoporosis, gout, and injuries are likely to fuel the growth of the joint reconstruction devices market during the forecast period. However, alternative treatment options and cost of implants restrain the global joint reconstruction devices market.

Global Joint Reconstruction Devices Market: Key Segments

The global joint reconstruction devices market can be segmented based on type, technique, and region. In terms of type, the joint reconstruction devices market can be categorized into knee, hip, shoulder, ankle, and others. The knee reconstruction devices segment accounted for the largest share of the joint reconstruction devices market in terms of revenue due to increase in awareness, rise in prevalence of arthritis, and frequent introduction of advanced devices. The success rates of knee surgery vary patient to patient; hence, repeat procedures or surgeries may be necessary to cure the disease. Joint reconstruction devices repeat knee surgeries help to generate additional revenue. The hip reconstruction devices segment is expected to grow at a rapid pace due to introduction of hip resurfacing and partial knee replacement and growing penetration of existing devices. Reconstruction therapies required for ankle have witnessed significant demand in the sports sector.

Based on technique, the global joint reconstruction devices market can be classified into joint replacement, arthroscopy, osteotomy, arthrodesis, resurfacing, and others. The joint replacement devices segment is projected to account for the largest joint reconstruction devices market share in terms of revenue during the forecast period because of high procedural volume and high price of implants. This segment can be divided into implants and bone graft.

Geographically, the global joint reconstruction devices market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each region can be sub-divided into specific countries/sub-regions such as the U.S., Canada, Germany, the U.K., Brazil, China, India, Japan, and GCC Countries. North America dominated the global joint reconstruction devices market because of high prevalence of joint-related conditions, presence of a large number of industry players, favorable health care policies, and high disposable income of patients. Asia Pacific is anticipated to be the most attractive joint reconstruction devices market during the forecast period due to rapidly increasing prevalence of various joint disorders and large patient base.

Global Joint Reconstruction Devices Market: Key Players

Key players operating in the global joint reconstruction devices market are Medtronic, Zimmer-Biomet, Aesculap Implant Systems, LLC, Stryker, NuVasive, Inc., Smith & Nephew, DePuy Synthes, CONMED Corporation, and DJO Global, among others. These players have adopted various strategies such as collaborations, partnerships, agreements, and new product launches to gain competitive advantage in the joint reconstruction devices market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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