Global Joint Reconstruction Devices Market was valued at USD 20.64 million in 2021

Global Joint Reconstruction Devices Market was valued at USD 20.64 million in 2021, growing at a CAGR of 6.01% during the forecast period from 2022 to 2027, in order to reach USD 29.10 million by 2027. The Joint Reconstruction Devices market is expected to witness growth due to a rise in the prevalence of joint-related diseases such as arthritis, bone degenerative diseases, osteoporosis, gout, and injuries, growing technological advancements in product development, increasing awareness for minimally invasive procedures, and surge in the geriatric population.

Joint Reconstruction Devices: An Overview

Joint Reconstruction Devices are medical devices that are used to rebuild a joint's architecture to recover its functions. Joint reconstructive surgery, a minimally invasive procedure offers relief to individuals suffering from joint disorders and fractures. Total hip replacement, total knee replacement, and anterior cruciate ligament are some of the joint reconstruction methods. Joint reconstruction involves a wide range of treatments including pain management, surgery, and physiotherapy.

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Recent Developmental Activities in the Joint Reconstruction Devices Market:

• In August 2021, the US FDA approved the Persona IQ and awarded a de novo classification grant and authorization to Zimmer Biomet and Canary Medical to market the tibial extension for Persona IQ for total knee replacement surgery.
• In March 2021, Premia Spine received FDA breakthrough device designation for TOPS™ Spinal Arthroplasty System.

Key Takeaways from the Joint Reconstruction Devices Market Report Study

• Market size analysis for current Joint Reconstruction Devices market size (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this Joint Reconstruction Devices market is significant. To capture and analyze suitable indicators, our experts are closely watching the Joint Reconstruction Devices market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the Global Joint Reconstruction Devices Market.
• Various opportunities are available for the other competitor in the Joint Reconstruction Devices Market space.
• What are the top-performing segments in 2021? How these segments will perform in 2027.
• Which are the top-performing regions and countries in the current market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Joint Reconstruction Devices market growth in the coming future?

COVID19 Impact on Joint Reconstruction Devices Market

The outbreak of the COVID-19 pandemic had a profound impact across the globe. The pandemic led to the cancellation of outpatient visits and the suspension of non-emergency hospitals and procedures. This resulted in the reduced number of routine clinical examinations of the orthopedical visits and related procedures. Thus, the number of patients waiting to get Joint Reconstruction procedures done through surgery increased over time. Therefore, the demand for Joint Reconstruction Devices has decreased for the short period of time. However, certain factors like infections caused around the prosthesis, blood clotting, and malfunctioning of the prosthesis may restrict the growth of the Global Joint Reconstruction Devices Market.

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Joint Reconstruction Devices Market Dynamics
Joint Reconstruction Devices Market has significantly increased owing to a rise in the prevalence of joint-related disorders such as arthritis, bone degenerative diseases, osteoporosis, gout, and injuries. Different types of arthritis require the use of Joint Reconstruction Devices, as per CDC 2020, more than 32.5 million US adults have osteoarthritis. Moreover, 62% of people with osteoarthritis are women in the US, as per Osteoarthritis Action Alliance, 2021

Joint Reconstruction Devices Market
Additionally, the Joint Reconstruction Devices Market is witnessing a significant growth in product demand owing to the increasing geriatric population base across the globe. According to the data provided by the World Health Organization, in 2020, about one billion people across the world were over the age of 60. The source further stated that by 2050, the elderly population in the 60 and above age group is expected to double in number representing about 2.1 billion people, and people in the age group of 80 and above are estimated to triple between 2020 and 2050 reach 426 million.
Moreover, as per the CDC 2021, arthritis prevalence increases with age. Thus, the rising elderly population is expected to lead to the rise in the arthritis patient population across the world, which in turn would lead to an increase in demand for Joint Reconstruction Devices during the forecast period, which will drive the Joint Reconstruction Devices market growth around the globe.

Joint Reconstruction Devices Market Segment Analysis
• Joint Reconstruction Devices Market by Joint Type (Knee Reconstruction, Hip Reconstruction, Shoulder Reconstruction Others),
• Joint Reconstruction Devices by Technique (Joint Replacement, Arthroplasty, Osteotomy, Resurfacing Surgery, Others),
• Joint Reconstruction Devices by End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers (ASC), Others), and
• Joint Reconstruction Devices by Geography (North America, Europe, Asia-Pacific, and Rest of the World).

Global Joint Reconstruction Devices Market is expected to dominate the North America

North America is expected to dominate the overall Joint Reconstruction Devices market during the forecast period. This domination is due to the rising prevalence of joint-related diseases such as arthritis, bone degenerative diseases, osteoporosis, gout, and injuries. As per the Centers for Disease Control and Prevention 2021, about 1 in 4 US adults (23.7%) or about 58.5 million people have doctor-diagnosed arthritis in the United States. Additionally, by the year 2040, an estimated 78.4 million adults aged 18 years and older (25.9% of the projected total adult population) will have doctor-diagnosed arthritis in the US.

Joint Reconstruction Devices Market Companies

Some of the key market players operating in the Global Joint Reconstruction Devices Market include Medtronic PLC, Zimmer Biomet, Stryker, NuVasive®, Inc., Smith & Nephew PLC, CONMED Corporation, DJO, LLC (Colfax Corporation), MicroPort Scientific Corporation, Globus Medical, Arthrex, Inc., Corin Group, Integra LifeSciences, Johnson & Johnson, OMNIlife science™, Inc., Exactech, Inc., B. Braun Melsungen AG, Medacta International, among others.

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Table of Content
1. Joint Reconstruction Devices Market Report Introduction
2. Joint Reconstruction Devices Market Executive summary
3. Regulatory and Patent Analysis
4. Joint Reconstruction Devices Market Key factors analysis
5. Joint Reconstruction Devices Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Joint Reconstruction Devices Market
7. Joint Reconstruction Devices Market layout
8. Joint Reconstruction Devices Global Company Share Analysis - Key 3-5 Companies
9. Joint Reconstruction Devices Company and Product Profiles
10. KOL Views
11. Project Approach
12. About DelveInsight
13. Disclaimer & Contact Us

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