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 of 2015–2025. The said research study covers an in-depth analysis of joint reconstruction devices market segments based on technique, joint type, and different geographies further segmented by countries.

Minor repairs to damaged joints or total joint replacement are examples of joint reconstruction. They either provide temporary relief to damaged joints or permanent relief (joint replacement) to various joint disorders. The market is growing as there are easier techniques to improve joint disorders and as more people have the ability to spend on 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. Implants and bone grafts are two types of joint replacement techniques. These devices are also segmented based on joint types, such as the knee, hip, shoulder, ankle, and others. Market estimates and forecasts for these segments are provided in US$ Mn, along with the respective compounded annual growth rates (CAGRs) for the period 2017-2025, with 2016 as the base year.

The geographical segmentation of the global market for joint reconstruction devices comprised regions such as North America, Europe, Asia-Pacific, Latin America & the Middle East, and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, Brazil, Mexico, Saudi Arabia, South Africa, and other countries. The market size and forecast for these segments during 2015–2025 and their CAGRs for the period 2017–2025 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 more advanced technologies. The market comprises an extensive competitive pool and is dominated by several key players. Medtronic, Aesculap Implant Systems, LLC; Zimmer Biomet DePuy Synthes, Smith & 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, Inc., and Arthrex, Inc. are the key players in this market.

Based on the type of joint affected, the global joint reconstruction devices market is segmented as follows:

  • Knee
  • Hip
  • Shoulder
  • Ankle
  • Others

The knee segment holds a larger market share within this segment; this can be attributed to the higher prevalence of orthopedic conditions leading to knee joint disorders, the increased geriatric population, and ongoing advancements in technology that have created high demand. Implants are now advanced, available for every size, and can be easily customized as per the patient's requirements. Also, the success rates for knee procedures vary from patient to patient; if the reconstructive procedure is not a success, repeat procedures would be required for correction, thus generating additional revenue.

Reconstruction for ankle joints is on the rise in the sports sector as most acute athletic injuries are to the foot and ankle, which include ankle sprains, ankle fractures, turf toe, Lisfranc injuries, and overuse syndromes ranging from Achilles tendonitis to stress fractures. Most of these surgeries are carried out using the arthroscopy technique, as they are minimally invasive and provide long-term relief.

Based on the type of technique used for surgery, the global market for joint reconstruction devices is segmented as follows:

  • Joint Replacement
  • Implants
  • Bone Graft
  • Arthroscopy
  • Osteotomy
  • Resurfacing Surgery
  • Arthrodesis
  • Small Joint Surgery

Joint replacement holds the largest share of this segment. Joint replacement includes either partial replacement or complete replacement by artificial implants or bone grafts. This segment is expected to maintain its dominance throughout the forecast period. This dominance may be attributed to the rising prevalence of the geriatric population, the rise in accident cases, and the availability of artificial implants catering to all shapes and sizes.

Minimal-invasive surgeries such as arthroscopy are on the rise. These procedures are cost-effective as they are carried out under local anesthetics. The growth of other segments depends on the prevalence of specific joint conditions, as osteotomies, resurfacing surgeries, arthrodesis, and other small joint surgeries are condition-specific.

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)

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 the North American healthcare market include the significant prevalence of the geriatric population, the increasing prevalence of chronic musculoskeletal diseases such as osteoarthritis and osteoporosis, the growing pool of obese individuals, intensive R&D initiatives taken up by governments, and the growth in healthcare expenditure by governments and patients.

The prominent position of the European joint reconstruction devices market is supported by factors such as the early adoption of innovative technologies in the healthcare system, the rapid evolution of healthcare infrastructure in Eastern Europe, and the high demand for more effective therapeutic modalities, particularly for chronic diseases.

Additionally, it is estimated that Asia-Pacific will be the fastest-growing regional market for joint reconstruction devices. Major factors driving the growth of the Asia-Pacific market are the rapid development of healthcare infrastructure and expenditure, growing awareness between patients and physicians, and a substantial pool of patients suffering from musculoskeletal disorders.

The proliferation of medical tourism in key south Asian countries such as India, Malaysia, the Philippines, and others has also urged hospitals and specialty clinics to augment their treatment offerings. 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.

Frequently Asked Question:

The market for Joint Reconstruction Devices Market is expected to reach USD$ 17,619.04 Mn in 2025.

The Joint Reconstruction Devices Market is expected to see significant CAGR growth over the coming years, at 5.98%.

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

Aesculap Implant Systems, LLC; Zimmer Biomet DePuy Synthes, Smith & Nephew, CONMED Corporation, DJO Global, Inc., Nuvasive, Inc., Stryker Corporation, Tornier, Inc., Corin Group Plc. are some of the major players in the global market.

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Published Date:  Nov 2017
Category:  Medical Devices
Report ID:   58776
Report Format:   PDF
Pages:   120
Rating:    4.8 (40)
Delivery Time: 24 Hours to 48 Hours   
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