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The joint reconstruction devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Joint Reconstruction Devices And Equipment Market Size In 2022 And Forecast
The global joint reconstruction devices and equipment market grew from $11.84 billion in 2021 to $12.95 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The joint reconstruction devices and equipment market is expected to grow to $15.95 billion in 2026 at a CAGR of 5.3%.

The joint reconstruction devices and equipment market consist of sales of joint reconstruction devices and equipment and related services.

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Rise In The Patient Pool For Joint Diseases Is Driving The Growth Of The Joint Reconstruction Devices And Equipment Market
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.

Competitive Landscape And The Regional Analysis Of The Joint Reconstruction Devices And Equipment Market
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.

Additionally, as per TBRC’s research – North America was the largest region in the joint reconstruction devices and equipment market in 2021 holding the largest market share.

The Joint Reconstruction Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the joint reconstruction devices and equipment market.

Increasingly Investing In 3D Printing Technology – A Key Trend In The Joint Reconstruction Devices And Equipment Market
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.

Joint Reconstruction Devices And Equipment Market Segmentation By The Business Research Company

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

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