The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s joint reconstruction devices and equipment market report forecasts the joint reconstruction devices and equipment market size to grow to $26.13 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Joint Reconstruction Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/joint-reconstruction-devices-and-equipment-global-market-report

Joint Reconstruction Devices And Equipment Market Size Forecast
The global joint reconstruction devices and equipment market is expected to grow from $19.94 billion in 2022 to $21.28 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The joint reconstruction devices and equipment market size is expected to grow from $26.13 billion in 2027 at a CAGR of 5.3%.

North America held the largest joint reconstruction devices and equipment market share.

Key Joint Reconstruction Devices And Equipment Market Driver ­– Rise In The Patient Pool For Joint Diseases
For instance, osteoarthritis is a common disorder of joints that mainly affects the geriatric population across the globe. This condition can be treated by joint replacement surgeries using orthopedic knee and hip implants surgery According to the Arthritis Foundation, about 67 million people are expected to suffer from arthritis by 2030. This rise in the patient pool for joint diseases is driving the demand for the joint reconstruction devices and equipment market, significantly impacting the market growth.

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Key Joint Reconstruction Devices And Equipment Market Trend – Increasingly Investing In 3D Printing Technology Due To Its Significant Improvement
Companies in joint reconstruction devices are increasingly investing in 3D printing technology due to its significant improvement over traditional joint reconstruction surgery. This technique uses for reconstructions of bones as a base before the surgery plan so the patient can get a preoperative MRI or CT scan. These features are particularly beneficial for patients in terms of safety concerns, which can affect adherence to treatment regimens. For instance, in August 2022, Exactech, a US-based developer of innovative implants and instrumentation launched their noval total hip arthroplasty system.

Joint Reconstruction Devices And Equipment Market Segment
1) By Product Type: Knee Reconstruction Devices, Hip Reconstruction Devices, Extremity Reconstruction Devices
2) By Application: Arthrodesis, Arthroscopy, Joint Replacement Surgery, Osteotomy, Resurfacing Surgery, Small Joint Surgery
3) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers

Joint Reconstruction Devices And Equipment Market Major Players and Strategies
Major players in the joint reconstruction devices and equipment market are Smith & Nephew, Stryker, Zimmer Biomet, B. Braun Melsungen, Wright Medical Group, DePuy Synthes, Johnson & Johnson, Aesculap Implant Systems Inc., and Arthrex Inc.

In January 2021, Stryker corporation, a US-based medical technologies company, acquired OrthoSensor for an undisclosed amount. The acquisition would help Stryker to continue its growth in the smart sensor technologies. OrthoSensor is a US-based developer of orthopaedic devices and digital knee replacement solutions.

The Joint Reconstruction Devices And Equipment Global Market Report 2023 covers regional data on joint reconstruction devices and equipment market size, joint reconstruction devices and equipment market trends and drivers, opportunities, strategies, and joint reconstruction devices and equipment market competitor analysis. The countries covered in the joint reconstruction devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Joint reconstruction devices are implantable medical devices that are used to operate as replacements for the shoulder joint, hip joint or knee joint to restore the function of a joint. A joint can be restored by resurfacing the bones.

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