The report titled “Joint Reconstruction Devices Market: Growth, Future Prospects, and Competitive Analysis, 2017 -2025” offers strategic insights into the overall joint reconstruction devices market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of joint reconstruction devices market segments based on technique, joint type and different geographies further segmented by countries. Joint reconstruction ranges from minor repairs to damaged joint or total joint replacement. They either provide temporary relief to damaged joints or permanent relief (joint replacement) to various joint disorders. The market is in growing trend as there are easier techniques to improve joint disorder, and also the ability of commoners to spend for such joint surgery techniques and devices.

For the purpose of this study, the global joint reconstruction device market is segmented on the basis of technique which is further segmented into joint replacement, arthroscopy, osteotomy, resurfacing surgery, arthrodesis,   and small joint surgery. Joint replacement technique is further segmented into implants and bone graft. These devices are also segmented based on joint type such ass knee, hip, shoulder, ankle & others. Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective compounded annual growth rates (CAGRs) for the period 2017 to 2025, considering 2016 as the base year.

The geographical segmentation of the global joint reconstruction devices market comprised regions such as North America, Europe, Asia-Pacific, Latin America & Middle East and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, Brazil, Mexico, Saudi Arabia, South Africa, and other countries. Market size and forecast for these segments during 2015 to 2025 and their CAGRs for the period 2017 to 2025 are provided in this report.

The joint reconstruction devices market consists of enormous opportunities for existing and emerging key players to expand and grow with newer and advanced technologies. The market comprises of an extensive competitive pool and is dominated several key players. The key players in this market are Medtronic, Aesculap Implant Systems, LLC; Zimmer Biomet DePuy Synthes, Smith and Nephew, CONMED Corporation, DJO Global, Inc., Nuvasive, Inc., Stryker Corporation, Tornier, Inc., Corin Group Plc., Exactech, Inc., United Orthopedic Corporation, Japan MDM Inc., Globus Medical & Arthrex Inc.

The knee segment holds larger market share within this segment, this can be attributed due to higher prevalence of orthopedic condition leading to knee joint disorders, increased geriatric population, and ongoing advancements in technologies have created high demand. Implants are now advanced and are available for every size and can be easily customized as per the patient requirements. Also the success rates for knee procedures vary from patient to patient for instance, if the reconstructive procedure is not a success, repeat procedures would be required for correction thus generating additional revenue.

Reconstruction for ankle joints is on a rise in the sport sector as most acute athletic injuries are to the foot and ankle which include ankle sprains, ankle fractures, turf toe, Lisfranc injuries, and overuse syndromes ranging from Achilles tendonitis to stress fractures. Most of these surgeries are carried out by arthroscopy technique, as these are minimal invasive surgeries with long-term relief.

Joint replacement holds maximum share in this segment. Joint replacement includes either partial replacement or complete by artificial implants or bone grafts. This segment is expected to maintain its dominance throughout the forecast period. This dominance may be attributed to rising prevalence of geriatric population, rise in accident cases and availability of artificial implants catering to all forms and sizes. Minimal invasive surgeries such as arthroscopy are on a rise. These procedures are cost-effective as they are carried out on local anesthetics. The growth of other segments depends on the prevalence of specific joint conditions as osteotomy, resurfacing surgery, arthrodesis and other small joint surgeries are condition specific.

Among the considered geographical markets, North America is the current leader in the global joint reconstruction devices market, followed by Europe. Prime factors favoring the dominance of North America market include significant prevalence of geriatric population, increasing prevalence of chronic musculoskeletal diseases such as osteoarthritis, osteoporosis, growing pool of obese individuals, intensive R&D initiatives taken up by governments and growth in healthcare expenditure by governments and patients. The prominent position of Europe joint reconstruction devices market is supported by factors such as early adoption of innovative technologies in the healthcare system, rapid evolution of healthcare infrastructure in Eastern Europe, and high demand for more effective therapeutic modalities, particularly for chronic diseases.

Additionally, it is estimated that Asia Pacific will be the fastest progressing regional market for joint reconstruction devices. Major factors driving the growth of Asia Pacific market are rapid development of healthcare infrastructure and expenditure, growing awareness between patients and physicians, and substantial pool of patients suffering with musculoskeletal disorders. Proliferation of medical tourism in key south Asian countries such as India, Malaysia, Philippines, and others have also urged hospitals and specialty clinics to augment their treatment offering. This has resulted in growth in demand for advanced joint devices in the Asia Pacific market, particularly catering to medical tourism patients and domestic high income groups.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Joint Reconstruction Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Joint Reconstruction Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Joint Reconstruction Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Joint Reconstruction Devices market?
• Which is the largest regional market for Joint Reconstruction Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Joint Reconstruction Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Joint Reconstruction Devices market worldwide?