Global Joint Reconstruction Market is valued at USD 30.21 Billion in 2022 and expected to reach USD 48.85 Billion by 2029 with a CAGR of 6.19% over the forecast period.
Global Joint Reconstruction Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2023-2029- Growing geriatric population, increasing prevalence of knee osteoarthritis, and rising number of joint reconstruction surgeries are driving the growth of Global Joint Reconstruction Market.
Joint disorders are normal because of the frequent pressure applied to the region all throughout lives. They are most normal in older people and athletes. However, joint issues like fractures and arthritis do not necessarily consequence in lifelong pain. With joint reconstruction, the relief may gave only be impermanent, yet the recovery is generally more limited and simpler. Joint reconstructive surgery gives relief for the number of people through safe and minimally invasive procedures by experienced experts.
Joint reconstruction goes from minor repairs to the harmed joint to add up to joint replacement. These treatment choices can offer transitory relief from discomfort or permanent solutions for joint issues. The sort of treatment best for patients relies upon the kind and seriousness of patient’s joint problem. Together, patients and their doctor can develop the best treatment choice for their requirements.
The Covid-19 pandemic has also impacted the global joint reconstruction market. During Covid-19 pandemic, most of the joint reconstruction surgeries got postponed or canceled due to social distancing norms to reduce the risk of infection. Also, focus of all healthcare industry was also shifted towards to find the effective vaccine against Covid-19 infection. However, the pandemic has also created opportunities to further develop surgical education generally through wide reception of electronic platforms for didactics and telemedicine for consultations.
The global joint reconstruction market is segmented on the basis of product type, application, end-user, and region & country level. Based on the product type, the global joint reconstruction market is classified into knee reconstruction device, hip reconstruction device, shoulder reconstruction device, ankle reconstruction device and others. Based on the application, the market is classified into arthroscopy, arthrodesis, osteotomy, resurfacing surgery, small joint surgery and joint replacement surgery. Based on the end-user, the global joint reconstruction market is classified into hospital, ambulatory surgical centers and orthopedic clinics,.
The regions covered in global joint reconstruction market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global joint reconstruction is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players in the global joint reconstruction market report cover prominent players like -
One of the major factors driving the growth of the global joint reconstruction market is the growing geriatric population. Osteoarthritis (OA) of the hip and knee is a typical reason for disability and pain in older patients. Joint substitution surgery can lighten pain and reestablish capability. Hip medical procedure is the most widely recognized major orthopedic procedure performed in the older. Hence, growing older population.
For example, according to the World Health Organization (WHO), the populace matured 60 years and over will increment from one billion in 2020 to 1.4 billion. By 2050, the total populace of individuals matured 60 years and older will double that is 2.1 billion. The number of people matured 80 years or older is supposed to significantly increase somewhere in the range of 2020 and 2050 to arrive at 426 million.
In addition, increasing prevalence of knee osteoarthritis is also supplementing the market growth. The osteoarthritis condition can be treated by joint reconstruction utilizing orthopedic knee and hip implants surgery. The rising predominance of knee osteoarthritis is one of the major factors in supporting the demand for bone medical procedures across the globe.
Expanded diagnosis of knee joint pain in the grown-up populace is projected to increase the demand for joint reconstruction market. For example, as per the Agency for Healthcare Research and Quality (AHRQ), in excess of 600,000 knee reconstruction medical procedures are performed in the U.S. each year.
Furthermore, the rising number of joint reconstruction surgeries also drives the global joint reconstruction market. This increase in the patient pool for joint illnesses is driving the interest for the joint reconstruction market, significantly affecting the market development. For example; as indicated by the Arthritis Foundation, around 67 million individuals are supposed to suffer from arthritis by 2030.
However, the strict FDA regulations & high cost of devices may hamper the global joint reconstruction market growth. In spite of that, increasing spending on healthcare & advancement in healthcare infrastructure provide various opportunities for the further growth of the global joint reconstruction market over the forecast period.
North America is expected to dominate the global joint reconstruction market due to the growing hip & knee surgeries, growing geriatric population and presence of key players. For example; as indicated by the American Academy of Orthopedic Surgeons, the number of total knee replacements is set to reach approximately 1.28 million by 2030.
Also, increasing number of geriatric population increases the demand for orthopedic surgeries in this region. For instance; according to Center for Diseases Control and Prevention (CDC), in 2019, about 54.1 million U.S. grown-ups were 65 or older, addressing 16% of the populace. By 2040, the number of older adults is supposed to arrive at 80.8 million. By 2060, it will arrive at 94.7 million, and older adults will make up almost 25% of the U.S. populace.
The Asia Pacific is anticipated to grow faster in the global joint reconstruction market within the forecast period due to increasing aging population and growing adoption of advanced medical technologies in the region. Countries such as China, South Korea, and Japan are investing heavily in research and development of new medical technologies and devices.
Zimmer Biomet Received FDA Clearance for Identity Shoulder System for Shoulder Replacement
On September 20th, 2022; Zimmer Biomet Possessions, Holdings, Inc. announced U.S. Food and Drug Administration (FDA) 510(k) clearance of the Identity Shoulder System for reverse, anatomic, and revision shoulder replacement. The Identity Shoulder System is a convertible framework that utilizes restrictive innovations to adjust every surgeon's approach to deal with a singular patient's anatomy, determined to lighten pain and optimizing range of motion. Like all shoulder systems in Zimmer Biomet's portfolio, the Personality Shoulder System uses restrictive advances; including Versa-Dial for limitless humeral head offset placement and Alliance Glenoid for an expansive range of glenoid choices, to adapt to a patient's novel anatomy.
|2016 - 2021
|2022 - 2029
|Market Size in 2022:
|USD 30.21 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2029:
|USD 48.85 Billion
|Tables, Charts & Figures:
|Zimmer Biomet, Smith & Nephew, Stryker, B. Braun Melsungen, Johnson & Johnson, Aesculap Implant Systems Inc, Wright Medical Group, Arthrex Inc., DePuy Synthes, and others
|By Product Type, By Application, By End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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