Joint Reconstruction Devices Market by 2032

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The global market size for joint reconstruction devices reached USD 18.02 Billion in 2022 and is projected to experience a revenue Compound Annual Growth Rate (CAGR) of 5.8% over the forecast period, as reported by the latest analysis from Reports and Data.
Arthritis, impacting 9.6% of men and 18% of women aged 60 and above worldwide, is a significant concern, according to the World Health Organization (WHO). The prevalence of joint disorders is increasing due to sedentary lifestyles and rising obesity rates.
The continuous evolution of joint reconstruction devices, incorporating technological enhancements, has led to the introduction of minimally invasive surgical techniques and the utilization of advanced materials like Titanium and Cobalt-Chromium alloys. These innovations contribute to the growth of market revenue by facilitating shorter hospital stays, quicker patient recoveries, and improved overall patient outcomes.
Furthermore, the increasing adoption of robotic-assisted surgeries for joint repairs is anticipated to drive market revenue growth throughout the forecast period. Robotic-assisted procedures offer enhanced precision, accuracy, and repeatability, leading to improved clinical outcomes and higher patient satisfaction. The market is also expected to benefit from the growing focus on value-based healthcare and the transition towards outpatient surgery. The popularity of outpatient procedures is rising due to their shorter recovery times and lower healthcare costs.
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Top Companies:
• Stryker Corporation
• Zimmer Biomet Holdings, Inc.
• Smith & Nephew plc
• DJO Global, Inc.
• Exactech, Inc.
• DePuy Synthes
• Aesculap Implant Systems, LLC
• Conformis, Inc.
• Wright Medical Group N.V.
• Medtronic plc
Some Key Highlights from the Report
• In the global Joint Reconstruction Devices Market of 2022, the Knee segment held a notably substantial share of the total revenue. This can be attributed to the rising incidence of knee-related ailments, including arthritis and osteoporosis, particularly among the aging demographic. The dominance of the Knee segment is anticipated to persist throughout the projected period due to these factors.
• Moreover, advancements in surgical techniques, such as minimally invasive procedures and robot-assisted surgeries, have contributed to the increased utilization of knee reconstruction devices. The anticipation of heightened demand for these devices in the forecast period is further fueled by their capacity to enhance joint functionality and reduce discomfort
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Based on Region market is segmented into:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Product Type Outlook:
• Hip
• Knee
• Shoulder
• Ankle
• Others
End-Use Outlook:
• Hospitals
• Ambulatory Surgery Centers (ASCs)
• Orthopedic Clinics
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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