Joint Reconstruction Devices Market By Joint Type (Knee, Hip, Shoulder, Ankle), By Technique (Joint Replacement, Arthroscopy, Osteotomy, Resurfacing Surgery, Arthrodesis, Small Joint Surgery) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

The report titled “Joint Reconstruction Devices Market: Growth, Future Prospects, and Competitive Analysis, 2017 -2025” offers strategic insights into the overall joint reconstruction devices market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of joint reconstruction devices market segments based on technique, joint type and different geographies further segmented by countries. Joint reconstruction ranges from minor repairs to damaged joint or total joint replacement. They either provide temporary relief to damaged joints or permanent relief (joint replacement) to various joint disorders. The market is in growing trend as there are easier techniques to improve joint disorder, and also the ability of commoners to spend for such joint surgery techniques and devices.

For the purpose of this study, the global joint reconstruction device market is segmented on the basis of technique which is further segmented into joint replacement, arthroscopy, osteotomy, resurfacing surgery, arthrodesis,   and small joint surgery. Joint replacement technique is further segmented into implants and bone graft. These devices are also segmented based on joint type such ass knee, hip, shoulder, ankle & others. Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective compounded annual growth rates (CAGRs) for the period 2017 to 2025, considering 2016 as the base year.

The geographical segmentation of the global joint reconstruction devices market comprised regions such as North America, Europe, Asia-Pacific, Latin America & Middle East and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, Brazil, Mexico, Saudi Arabia, South Africa, and other countries. Market size and forecast for these segments during 2015 to 2025 and their CAGRs for the period 2017 to 2025 are provided in this report.

The joint reconstruction devices market consists of enormous opportunities for existing and emerging key players to expand and grow with newer and advanced technologies. The market comprises of an extensive competitive pool and is dominated several key players. The key players in this market are Medtronic, Aesculap Implant Systems, LLC; Zimmer Biomet DePuy Synthes, Smith and Nephew, CONMED Corporation, DJO Global, Inc., Nuvasive, Inc., Stryker Corporation, Tornier, Inc., Corin Group Plc., Exactech, Inc., United Orthopedic Corporation, Japan MDM Inc., Globus Medical & Arthrex Inc.

Joint Reconstruction Devices Market

For the purpose of this study, the global joint reconstruction devices market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Joint Reconstruction Devices

Among the considered geographical markets, North America is the current leader in the global joint reconstruction devices market, followed by Europe. Prime factors favoring the dominance of North America market include significant prevalence of geriatric population, increasing prevalence of chronic musculoskeletal diseases such as osteoarthritis, osteoporosis, growing pool of obese individuals, intensive R&D initiatives taken up by governments and growth in healthcare expenditure by governments and patients. The prominent position of Europe joint reconstruction devices market is supported by factors such as early adoption of innovative technologies in the healthcare system, rapid evolution of healthcare infrastructure in Eastern Europe, and high demand for more effective therapeutic modalities, particularly for chronic diseases.

Additionally, it is estimated that Asia Pacific will be the fastest progressing regional market for joint reconstruction devices. Major factors driving the growth of Asia Pacific market are rapid development of healthcare infrastructure and expenditure, growing awareness between patients and physicians, and substantial pool of patients suffering with musculoskeletal disorders. Proliferation of medical tourism in key south Asian countries such as India, Malaysia, Philippines, and others have also urged hospitals and specialty clinics to augment their treatment offering. This has resulted in growth in demand for advanced joint devices in the Asia Pacific market, particularly catering to medical tourism patients and domestic high income groups.

 

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Published Date:  Nov 2017
Category:  Medical Devices
Report ID:   58776
Report Format:   PDF
Pages:   120
Rating:    4.3 (40)
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