The large scale Orthopedic Joint Reconstruction Market report is a synopsis about how is the market status right now and how will it be in the forecast years for Healthcare industry. The report gives details about the top players and brands that are driving the market. Also, this market analysis report gives an in-depth knowledge on what the recent developments, products launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry. This marketing report also provides the knowledge of all the drivers and restraints which are derived through SWOT analysis. Global Orthopedic Joint Reconstruction Market is a professional and detailed report that highlights primary and secondary drivers, market share, leading segments and geographical analysis.
The significant Global Orthopedic Joint Reconstruction Market research report takes into consideration key market dynamics of the sector. The current market scenario and future prospects of the sector have also been examined here. Further, it presents the company profile, product specifications, production value, and contact information of manufacturer and market shares for company. All the numerical data included in the report is backed up by excellent tools such as SWOT analysis, Porter's Five Forces Analysis and others. The statistics are signified in graphical and tabular format for a clear understanding on facts and figures. The large scale Global Orthopedic Joint Reconstruction marketing report also analyzes the emerging trends along with major drivers, challenges and opportunities in the market.
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.
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)
- 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)
Drivers
- 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.
Global Orthopedic Joint Reconstruction Market Scope
The orthopedic joint reconstruction market is segmented on the basis of product type, joint type, procedure, technique, biomaterial and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Demineralized Bone Matrix
- Allograft
- Bone Morphogenetic Protein
- Viscosupplementation Products
- Synthetic Bone Substitutes
- Others
On the basis of product type, the orthopedic joint reconstruction market is segmented into demineralized bone matrix, allograft, bone morphogenetic protein, viscosupplementation products, synthetic bone substitutes and others.
Joint Type
- Knee
- Hip
- Shoulder
- Ankle
- Other
On the basis of joint type, the orthopedic joint reconstruction market is segmented into knee, hip, shoulder, ankle and other. The knee segment is projected to dominate the market because there is growing geriatric populace which further increases the old-age disorders such as osteoporosis and arthritis.
Procedure
- Total
- Partial
- Others
On the basis of procedure, the orthopedic joint reconstruction market is segmented into total, partial and others.
Technique
- Joint Replacement
- Implants
- Bone Graft
- Osteotomy
- Arthroscopy
- Resurfacing
- Arthrodesis
On the basis of technique, the orthopedic joint reconstruction market is segmented into joint replacement, implants, bone graft, osteotomy, arthroscopy, resurfacing and arthrodesis.
Biomaterial
- Metallic
- Polymeric
- Ceramic
- Natural
On the basis of biomaterial, the orthopedic joint reconstruction market is segmented into metallic, polymeric, ceramic and natural.
End User
- Hospitals and Ambulatory Centers
- Research and Academic Institute
On the basis of end-user, the orthopedic joint reconstruction market is bifurcated into hospitals and ambulatory centers and research and academic institute.
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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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