The global joint reconstruction market is projected to reach a market size of USD 47.98 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Key factors driving market growth are increasing global geriatric population, increasing implementation of awareness initiatives and programs by government schemes, rising investments in the healthcare industry, and growing demand for more advanced and efficient technologies.
Joint reconstruction is a surgical procedure used for repairing and restoring full function of joints in the human body. Emergence of new surgical techniques and technologies is resulting in a more optimistic outlook among patients needing surgical procedures to repair joints instead of opting for joint replacement. Anterior Cruciate Ligament (ACL) technique is used for treatment purposes. The ACL is crucial for maintaining stability of the knee joint, particularly while running, walking, and kicking activities. ACL surgery is generally performed using a minimally invasive procedure, but in some cases, requires a larger incision known as open surgery.
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Further key findings in the report
In November 2020, Stryker Corporation announced that it had acquired Wright Medical Group N.V, which is a global medical devices company focused on extremities and biologics. Wright Medical is a world leader in the upper extremities, lower extremities, and biologics market.
Europe accounted for a significantly high revenue share in the global joint reconstruction market in 2019. Increasing demand for knee and hip surgery due to age-related challenges, increasing geriatric population in countries in the region, and rising incidence of sports- and accident-related injuries are other key factors boosting market growth. Major revenue contributing countries in Europe include the United Kingdom, Germany, France, Italy, and Russia.
Key Market Competitors Profiled in the Report:
Aesculap Implant Systems LLC, Zimmer-Biomet Holdings Inc., Smith and Nephew, Stryker Corporation, DePuy Synthes, Medtronic Inc., Omni Life Science, CONMED Corporation, Arthrex Inc., and Wright Medical Technology Inc.
The report emphasizes the demands and ongoing trends of the global Joint Reconstruction market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
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For this report, Emergen Research has segmented the global joint reconstruction market based on joint type, technique, end-use, and region:
Joint Type Outlook (Revenue: USD Billion; 2018–2028)
Shoulder
Knee
Ankle
Hip
Others
Technique Outlook (Revenue: USD Billion; 2018–2028)
Joint Replacement
Arthroscopy
Resurfacing
Osteotomy
Others
End-use Outlook (Revenue: USD Billion; 2018–2028)
Hospitals
Clinics
Orthotic & Prosthetic Centers
Surgical Centers
Others
Major Geographies Covered in the Report:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Target Audience of the Report:
· Leading Companies
· Large, medium-sized, and small enterprises
· Investors
· Value-Added Resellers (VARs)
· Venture capitalists
· Third-party knowledge providers
The global Joint Reconstruction market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
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