The global joint reconstruction devices market size is expected to reach USD 30.4 billion by 2025, according to a new report by Grand View Research, Inc. High adoption of minimally invasive surgeries across the globe has given rise to technological advancement in surgical devices and procedures. In addition, growing prevalence of joint-related conditions and changing therapeutic approaches are expected to boost the market growth.
The
joint reconstruction devices market is largely dependent on technological
development. Ongoing studies on improving robotically-assisted surgeries and
bionic implants are expected to play a pivotal role in the development of total
joint replacement surgeries market. These advancements are expected to help in
complex surgeries to improve success rate of these procedures and increase
patient convenience.
A
major share of the joint reconstruction market is captured by large joints.
Knee and hip joint reconstruction together captured more than half of the
revenue share in 2016. The prevalence of conditions related to these two joints
is higher as compared to other joints due to overuse. Treatment of conditions
related to these joints is crucial to recover the mobility of patients. Thus, a
significant amount of funds are invested in R&D of large joint
reconstruction techniques.
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Joint
Reconstruction Devices Market Report Highlights
- Joint replacement techniques
captured the largest share in 2016 and is expected to maintain dominance
throughout the forecast period. High procedural volume and high price of
implants are anticipated to drive growth.
- Development of operating
techniques, allografts, and synthetic bone grafts are expected to boost growth
of the bone graft segment. The segment is further divided into allograft
and synthetic sub-segments.
- The knee segment is expected
to dominate the joint reconstruction devices market throughout the
forecast period. Availability of a large number of treatment options and
introduction of innovative surgical techniques are expected to drive the
growth of the segment.
- Developing economies,
increased foreign direct investment, rising demand, and emergence of local
players are factors that are expected to render fastest growth in the Asia
Pacific region.
- Key players of the market
include Medtronic; Nuvasive, Inc.; Zimmer Biomet; Stryker; DePuy Synthes;
Aesculap Implant Systems, LLC; Smith and Nephew; CONMED Corporation; and
DJO Global, Inc.
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Joint Reconstruction
Devices Market Segmentation
Grand View Research has segmented
the global joint reconstruction devices market on the basis of technique, joint
type, and region:
Joint
Reconstruction Devices Technique Outlook (Revenue, USD Million, 2014 - 2025)
- Joint replacement
- Implants
- Bone Graft
- Allograft
- Synthetic
- Osteotomy
- Arthroscopy
- Resurfacing
- Arthrodesis
- Others
Joint
Reconstruction Devices Joint Type Outlook (Revenue, USD Million, 2014 - 2025)
- Knee
- Hip
- Shoulder
- Ankle
- Others
Joint
Reconstruction Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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