Joint Reconstruction Devices Market Size & Growth Analysis to 2030

The global joint reconstruction devices market size is anticipated to register a significant CAGR of over 6% during the forecast period from 2022 to 2028. The rising prevalence of orthopedic disorders and musculoskeletal diseases around the world are some major factors to drive the market growth. As per the information shared by the Global Burden of Disease (GBD), it is estimated that about 1.71 billion people are affected by musculoskeletal conditions in the world. Furthermore, the increasing number of joint reconstruction surgeries, rising preference for minimally invasive surgeries, and the growing aging population around the world are further anticipated to boost the market growth over the forecast period. According to the World Health Organization (WHO), 1 in 6 people will be 60 years of age or older by 2030.

Market Drivers:

Increasing Prevalence of Joint Disorders: The prevalence of joint disorders, such as osteoarthritis, rheumatoid arthritis, and hip and knee injuries, is increasing globally. These conditions often require surgical intervention and the use of joint reconstruction devices. The growing incidence of joint disorders fuels the demand for joint reconstruction devices.

Aging Population: The global population is aging, and older individuals are more susceptible to joint-related problems and degenerative conditions. As the elderly population continues to grow, the demand for joint reconstruction devices, particularly for hip and knee replacements, increases.

Technological Advancements: Advancements in technology have significantly improved the design, materials, and functionality of joint reconstruction devices. The development of innovative implants, such as personalized implants, minimally invasive techniques, and robotic-assisted surgeries, has enhanced surgical outcomes and patient satisfaction. Technological advancements drive the adoption of joint reconstruction devices.

Increasing Patient Expectations: Patients have higher expectations for joint replacement surgeries, including improved mobility, reduced pain, and faster recovery times. Joint reconstruction devices that offer better functionality, durability, and long-term outcomes align with these patient expectations, driving market demand.

Favorable Reimbursement Policies: Favorable reimbursement policies provided by insurance companies and government healthcare programs for joint replacement surgeries and associated devices have a positive impact on the market. Reimbursement coverage eases the financial burden on patients and encourages them to undergo necessary joint reconstruction procedures, driving market growth.

Growing Awareness and Patient Education: Increased awareness among patients about joint disorders and available treatment options, including joint reconstruction devices, contributes to market growth. Patients have access to information through various sources, enabling them to make informed decisions about their healthcare and seek appropriate treatments.

Lifestyle Factors and Sports Injuries: Active lifestyles, sports participation, and occupational hazards contribute to joint injuries and degenerative conditions. The desire to maintain an active lifestyle drives the demand for joint reconstruction procedures and devices. Additionally, advancements in sports medicine and orthopedic procedures cater to athletes’ specific needs, further fueling market growth.

Strategic Collaborations and Partnerships: Collaborations between medical device manufacturers, healthcare providers, and research institutions drive innovation in joint reconstruction devices. Partnerships focus on research and development, clinical studies, and the exchange of knowledge and expertise. Collaboration supports the development of advanced joint reconstruction devices and accelerates their market adoption.

Increased Focus on Outpatient Procedures: There is a growing trend towards performing joint reconstruction procedures on an outpatient basis, allowing patients to return home the same day as the surgery. This shift is supported by advancements in surgical techniques, anesthesia, pain management, and rehabilitation protocols. The demand for joint reconstruction devices suitable for outpatient procedures is on the rise.

Regulatory Compliance and Safety Standards: Compliance with regulatory requirements and safety standards is critical for joint reconstruction device manufacturers. Adhering to stringent regulations ensures patient safety, product quality, and effectiveness. Manufacturers must obtain necessary approvals and certifications to meet regulatory guidelines, ensuring their market acceptance and driving market growth.

Market Snapshot:

Market Insights:

The global joint reconstruction devices market is bifurcated into type, technique, end-user, and geography. On the basis of type, the market is further segmented into knee, hip, shoulder, ankle, and others. The knee segment dominated the global market in 2021 and is expected to hold the largest revenue share of over one-third market share by the end of the analysis period. The increasing prevalence of disease and the presence of a large number of procedures and products are some prominent factors to drive the segment growth. Furthermore, the innovation in new technologies and the growing success rate of knee reconstruction procedures are further anticipated to fuel the segment growth over the forecast period.

On the basis of techniques, the market is further segmented into joint replacement, osteotomy, arthroscopy, resurfacing, and others. The joint replacement segment dominated the global joint reconstruction devices market in 2021 and is anticipated to hold the largest revenue share of over one-third percent of the market by 2028. The increasing number of joint reconstruction surgery is a primary factor driving the segment growth. As per the data shared by the American Academy of Orthopedic Surgeons, it is estimated that around 600,000 knee replacement occurs each year in America and is expected to reach around 1.28 million by 2030. Furthermore, the increasing number of road accidents around the world is further expected to fuel the segment growth over the forecast period.

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The joint reconstruction devices comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The joint reconstruction devices market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Type:

• Knee
• Hip
• Shoulder
• Ankle
• Others

By Technique:

• Joint replacement
• Osteotomy
• Arthroscopy
• Resurfacing
• Others

By End-User:

• Hospitals
• Orthopedic Clinic
• Ambulatory Surgical Centers
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global joint reconstruction devices market in 2021 and expected to grow at the same trend over the forecast period. The rising prevalence of orthopedic disorders and the increasing incidence of joint diseases are some major factors to drive the market growth in the region. Furthermore, the growth in the aging population, government supportive policies, and the high disposable income are further anticipated to fuel the market growth in North America. On the flip side, the Asia Pacific is estimated to register the fastest growth rate in the market due to the growing demand for advanced treatment options, emerging economies, and the growing targeted population in the region.

Competitive Assessment:

Some of the major market players operating in the global joint reconstruction devices market are Conmed Corporation, DePuy Synthes Companies, Medtronic, Stryker, and Aesculap Implant Systems, LLC. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Conmed Corporation
• DePuy Synthes Companies
• Medtronic
• Stryker
• Aesculap Implant Systems, LLC
• Donjoy Inc.
• Zimmer-Biomet
• DePuy Synthes
• Smith and Nephew
• CONMED Corporation; DJO Global, Inc.
• Nuvasive, Inc.

Key Questions Answered by Joint Reconstruction Devices Market Report

• Global joint reconstruction devices market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Joint reconstruction devices submarket forecasts from 2022-2028 covering the market by type, by technique, by end-user, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level joint reconstruction devices markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market