The Global Joint Reconstruction Devices Market Research Report published by Emergen research has been formulated by analysis of key business details and extensive geographical spread of the Joint Reconstruction Devices industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Joint Reconstruction Devices market along with crucial statistical data about the Joint Reconstruction Devices market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027.
However, concerns associated with the biocompatibility of devices used in joint reconstruction in the joint surgical replacement procedure may lead to a rise in failure rates of the implanted device, therefore hampering the growth of the market.The market for joint reconstruction devices is tied mainly to technological development. A growing number of studies to enhance bionic implants and robotic surgeries are anticipated to play an instrumental role in propelling the market demand.
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The APAC region is experiencing a considerable rise in the population of people aged more than 65 years, thus requiring frequent usage of joint replacement devices attributed to the aging bone tissues. As per the WHO (World Health Organization), the mean life expectancy of people is 82.3 years of age and 83.7 years of age in South Korea and Japan, respectively. As a result, a growing geriatric population at a higher risk of becoming affected by musculoskeletal disorders, demand for various joint reconstruction devices and is expected to increase over the coming next 5-7 years.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Some Key Highlights from the Report
By type, the ankle type accounted for a revenue of USD 5.69 billion in 2019 in the joint reconstruction devices market and is likely to rise with a CAGR of 6.7% in the forecast period as they are designed to provide patients with faster and longer-term relief, conducted through arthroscopy.
By technique, the arthroscopy technique is expected to grow with a CAGR of 6.1% in the forecasted period as many of these procedures are conducted under local anesthetics, reducing the overall procedure rate directly related to the rising incidence of the disorders correlated with the joint.
By application, orthopedic clinic applications are significant contributors to the joint reconstruction devices market, due to the broad population of cases comprising primarily of people recovering from orthopedic disorders as they are surgically implanted, were mostly treated in clinics.
North America dominated the market for Joint Reconstruction Devices in 2019, due to variables such as the involvement of a vast number of market participants, the increasing incidence of joint diseases, supportive healthcare programs, and high patient disposable income. The North America region held approximately 42.1% of the market, followed by Europe, which contains around 26.0% market in the year 2019
Key participants include Nuvasive Inc., Aesculap Implant Systems LLC, Stryker, Smith and Nephew, Medtronic, CONMED Corporation, Zimmer-Biomet, DJO Global Inc., DePuy Synthes Companies, and Microport Scientific Corporation, among others.
Report Overview
1.1 Research Scope
1.2 Key Joint Reconstruction Devices market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Joint Reconstruction Devices market size
2.2 Latest Joint Reconstruction Devices market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Joint Reconstruction Devices market key players
3.2 Global Joint Reconstruction Devices size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Joint Reconstruction Devices market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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Regional Overview:
The global Joint Reconstruction Devices market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Joint Reconstruction Devices market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Key questions addressed in the report:
What are the key factors driving the global Joint Reconstruction Devices market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Joint Reconstruction Devices market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
Emergen Research has segmented the global Joint Reconstruction Devices Market on the basis of type, technique, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Knee
- Hip
- Shoulder
- Ankle
- Others
Technique Outlook (Revenue, USD Billion; 2017-2027)
- Joint replacement
- Osteotomy
- Arthroscopy
- Resurfacing
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- Others
Read More: https://www.emergenresearch.com/industry-report/joint-reconstruction-devices-market
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