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Joint Reconstruction Devices Market Trends

  • Report ID: GMI2823
  • Published Date: Nov 2024
  • Report Format: PDF

Joint Reconstruction Devices Market Trends

The growing base of the geriatric population is a major driver of the market. As people age, they face increased susceptibility to joint degeneration and associated conditions, such as osteoarthritis, osteoporosis, and rheumatoid arthritis. These conditions lead to joint pain, stiffness, and reduced mobility, making daily activities challenging and impacting quality of life.
 

  • For adults, joint reconstruction devices offer effective, long-term solutions that restore function and alleviate pain, making them essential for addressing age-related joint issues. With global populations living longer, the demand for these solutions is only expected to grow. 
     
  • Additionally, improvements in surgical techniques and the development of more durable, biocompatible materials have made joint reconstruction surgeries safer and more viable for older patients. Innovations such as robotic-assisted surgeries, minimally invasive techniques, and customized implants have increased procedural precision, reduced recovery times, and improved the success rates of joint reconstruction procedures. This has encouraged more elderly individuals to seek joint replacements, further driving market demand.
     
  • The geriatric population growth is particularly notable in regions like North America, Europe, and parts of Asia, where healthcare infrastructure can support advanced joint replacement procedures. Moreover, healthcare systems in these regions have been shifting focus toward value-based care, aiming to provide more comprehensive treatment options that reduce complications and promote quicker recovery. Consequently, this has led to an increase in joint reconstruction surgeries, with healthcare providers and insurers supporting procedures that offer long-term benefits for elderly patients. 
     
  • Overall, as aging populations continue to expand worldwide, the need for effective joint reconstruction solutions grows. These devices provide essential relief and functionality for older adults, positioning the market for continued growth as it addresses the needs of an aging global population.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global joint reconstruction devices industry was valued at USD 19.6 billion in 2023 and is expected to grow at a 4.5% CAGR from 2024 to 2032, driven by the rising global incidence of joint disorders and injuries.

The knee replacement segment is projected to expand at a 5.1% CAGR, reaching over USD 14.5 billion by 2032, due to factors distinguishing it from other joint replacement segments like hip, shoulder, and ankle.

The North America joint reconstruction devices market accounted for USD 10.5 billion in 2023 and is anticipated to grow at a 3.4% CAGR between 2024 and 2032, driven by the rising incidence of joint-related conditions among the aging population.

Key players in the industry include Aesculap Implant Systems, Allegra Orthopedic, Amplitude Ortho, Arthrex, CONMED, DJO Global, Exactech, Globus Medical, Integra LifeSciences, Johnson & Johnson, and Medacta International.

Joint Reconstruction Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 255
  • Countries covered: 21
  • Pages: 140
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