The global joint reconstruction devices market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period (2023-2030). Significant factors contributing to the joint reconstruction devices market include robust healthcare infrastructure, rising surgical procedures, increasing investment in R&D of the joint reconstruction devices, and increasing number of trauma and accident cases. Road accidents lead to fractures of various bones, including those in the extremities such as the legs, arms, and pelvis. Joint reconstruction devices, such as plates, screws, and intramedullary nails, may be used in surgical procedures to stabilize and repair fractured bones.
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In recent years, the increasing incidences road and other accidents coupled with an increasingly aging population. According to the national statistics provided by the UK government, in 2022, 29,742 people were killed or seriously injured (KSI) casualties, 1,711 fatalities cases were registered and 135,480 were casualties of all severities. As a result, the number of surgical procedures is increasing in the UK. Owing to these factors, the key players are launching technical advanced products to cater the demand in market. In April 2023, Prashanth Hospitals launched 4th Generation Robot for Joint Reconstruction. The 4th Generation Robot used infrared cameras and optical trackers to 3D map the joint and collect precise data of a patient’s anatomy, thereby providing a favorable implant for every single procedure. The tailor-made technique allowed surgeons to make instantaneous decisions and remove the affected bone areas, with a 30% increase in efficiency and improved accuracy.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Technique
o By Joint Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes CONMED Corp., Johnson & Johnson Services, Inc., (DePuy Synthes, Inc.), Medtronic plc, Stryker Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Joint Reconstruction Devices Market Report Segment
By Technique
- Joint Replacement
- Osteotomy
- Arthroscopy
- Resurfacing
- Arthrodesis
By Joint Type
- Knee
- Hip
- Shoulder
- Ankle
- Others (Pivot Joint, Saddle joint)
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Company Profiles
- AAP Implantate AG
- Aesculap, Inc. (B. Braun company)
- Allegra Orthopaedics Ltd.
- Alphatec Spine, Inc.
- DJO, LLC
- Enovis
- Exactech, Inc.
- Integra LifeSciences Corp.
- Limacorporate S.p.A
- NuVasive, Inc.
- Orthofix Medical Inc.
- Smith & Nephew plc
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