The world class Global Orthopedic Joint Reconstruction Market report works upon a number of industry and market parameters including latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights and innovation. This market report estimates compound annual growth rate (CAGR) value fluctuation for the forecast period of 2022-2029 that aids businesses in guessing the investment value. Market research analysis conducted in this report optimistically lends a hand to businesses for the strategy planning related to production, costing, inventory, purchasing and marketing. An examination of various segments that are supposed to witness the quickest development amid the estimated forecast frame is also performed in Global Orthopedic Joint Reconstruction market document.
The orthopedic joint reconstruction market was valued at USD 17.77 billion in 2021 and is expected to reach USD 24.13 billion by 2029, registering a CAGR of 3.9% during the forecast period of 2022-2029. The “knee” accounts for the largest joint type segment in the orthopedic joint reconstruction market within the forecasted period because there is growing geriatric populace which further increases the old-age disorders such as osteoporosis and arthritis. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Orthopedic joint reconstruction is a procedure that involves the re-establishment of a joint's architecture in order to restore the joint's functionality. The injured joint is removed and replaced with an artificial joint specifically engineered to operate like a natural joint. Some of the most common orthopaedic joint reconstruction surgeries are total hip replacement, anterior cruciate ligament (ACL) reconstruction, and total knee replacement.
Increasing Orthopedic Surgeries
The increasing prevalence of osteoarthritis, rheumatoid arthritis and musculoskeletal ailments across the world is the most significant factor driving the growth for this market. Moreover, the increase in the geriatric population is also further augmenting the demand for joint reconstruction devices. The surge in the adoption of reverse shoulder replacement surgery by patients with wide irreparable rotator tear as they cannot opt for conventional total shoulder replacement is also expected to accelerate the market's overall growth.
Furthermore, the rise in the demand of medical devices, increase in healthcare expenditures and activities by developing markets and the increase in establishments of public health insurance are also expected to fuel market growth. Moreover, the rising awareness among the patients regarding the joint ailments also cushions the market’s growth within the forecasted period. The surging life expectancy specifically in developing economies is also projected to bolster the market's growth.
Growing Advancements and Research
Moreover, the technological advancement in the orthopedic joint reconstruction sector to enhance the treatments such as companies’ focus towards developing surgical robots, which have their use in spinal fusion surgeries along with the company’s navigation and implant tools are estimated to generate lucrative opportunities for the market. The rise in the research and development activities will further offer numerous growth opportunities for the market.
Some of the major players operating in the Orthopedic Joint Reconstruction market are:
- Zimmer Biomet (U.S.)
- Stryker (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Smith+Nephew (U.K.)
- Arthrex, Inc (U.S.)
- Exactech, Inc (U.S.)
- Corin Group (U.K.)
- DJO LLC (U.S.)
- Beijing Chunlizhengda Medical Instruments Co.,Ltd (China)
- B. Braun Melsungen AG (Germany)
- GROUP FH ORTHO communication (U.S.)
- Limacorporate S.p.a. (Italy)
- Japan MDM, Inc (Japan)
- PETER BREHM GmbH (Germany)
- Exactech, Inc (U.S.)
- United Orthopedic Corporation (Taiwan)
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee as becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
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Orthopedic Joint Reconstruction Market Regional Analysis/Insights
The orthopedic joint reconstruction market is analyzed and market size insights and trends are provided by country, product type, joint type, procedure, technique, biomaterial and end-user as referenced above.
The countries covered in the orthopedic joint reconstruction market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the orthopedic joint reconstruction market because of the contribution of core market leaders for enhanced virtual trial solutions and the increasing adoption rate of technology in the clinical region within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in the number of experiments to adopt new medications for different diseases along with the digitalization of laboratories within the region.
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
Explore DBMR Comprehensive Coverage on Healthcare Domain:
Global Orthopedic Prosthetics Market – Industry Trends and Forecast to 2029
Global Orthopedic Implants Market – Industry Trends and Forecast to 2030
Asia-Pacific Orthopedic Braces and Supports Market – Industry Trends and Forecast to 2029
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