Market Overview:
The global hip and knee reconstruction devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of arthritis, rising geriatric population, and technological advancements in hip and knee reconstruction devices. Based on type, the global hip and knee reconstruction devices market is segmented into hip replacement devices and knee replacement devices. The hip replacement device segment is further sub-segmented into total Hip Replacement (THR) Devices, Partial Hip Replacement (PHR) Devices, Femoral Head Replacement (FHR) Devices, Hip Resurfacing Procedures (Hip resurfacing), Hemiarthroplasty Procedures (Hemiarthroplasty), Revision Hip Replacement Procedures (Revision THR), Primary THA procedures; while the knee replacement device segment is further sub-segmented into Total Knee Replacement(TKR) Devices, Partial Knee Replacement(PKR) Devices , Unicompartmental Knee Replacements(UKR), Bilateral TKR procedures .
Product Definition:
Hip and knee reconstruction devices are medical devices that are used to reconstruct the hip or knee. These devices may be used to replace a damaged joint, or to help rebuild the joint after surgery. Hip and knee reconstruction devices can be made from metal, plastic, or ceramic materials. They may be fixed in place with screws, pins, or other means of attachment, or they may be removable.
Hip:
Hip is a part of the human body that connects the pelvis to the thighs through the femur. It's major functions are to provide stability and support for walking and enable movement in all four directions. The hip joint is made up of two bones, namely femur (thigh bone) and tibia (shinbone).
The hip joint has three parts - acetabulum (socket), cupula (plateau),.
Knee:
The knee is a hinge joint that allows the body to move forward and backward, side to side, and up and down. There are two types of knees - anatomical (native) knee and prosthetic/artificial knee. The prosthetic/artificial type is further classified into pneumatic/synthetic type, semi-pneumatic/elastomeric type, biological tissue repair product based & metal alloy based artificial joints etc.
Application Insights:
The others segment held the largest share of the market in 2017. This segment includes dental clinics, plastic surgery clinics and optical centers, and medical imaging centers. The rise in sports-related injuries is one of the major factors driving this segment growth. According to a study published by NCBI, it is estimated that around 1 out of 3 children playing sports at school or college will suffer from a sporting injury every year. Most common sporting injuries include strains/sprains, fractures (finger, arm), abrasions (scratch), burns (second degree) and concussions among others.
Hip replacement accounted for more than 40% revenue share in 2017 owing to increasing incidence rate of hip disorders coupled with high demand for total hip arthroplasty as an alternative solution compared to knee reconstruction devices due to better durability.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of key players, high patient awareness levels coupled with advanced healthcare infrastructure and reimbursement policies favoring quality treatment. The region is expected to maintain its dominance throughout the forecast period owing to factors such as favorable government initiatives for R&D activities, increasing investments by manufacturers and suppliers, rising prevalence of osteoarthritis & other joint diseases among others.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions in emerging countries such as India & China which has led them having better accesses at cheaper rates for surgeries related hip & knee replacement surgeries thus leading higher number of procedures being performed every year.
Growth Factors:
- Increasing incidence of arthritis and other musculoskeletal disorders: The increasing incidence of arthritis and other musculoskeletal disorders is a major growth driver for the hip and knee reconstruction devices market. According to the Centers for Disease Control and Prevention (CDC), approximately 54 million Americans are affected by some form of arthritis, which is a major contributor to disability in the U.S. Arthritis is a leading cause of disability among adults aged 65 years or older, accounting for more than half of all disabilities in this age group. The increasing prevalence of obesity is also contributing to the rising incidence of arthritis and other musculoskeletal disorders, as obesity increases the risk for developing these conditions.
- Growing geriatric population: The growing geriatric population is another key growth driver for the hip and knee reconstruction devices market. As people age, they are increasingly susceptible to developing arthritic conditions that require surgical intervention. According to estimates from Eurostat, Europe’s statistical office, the number of people aged 65 years or older will increase by almost 50% between 2010 and 2030, reaching 223 million by 2030. This growing geriatric population will create significant demand for hip and knee reconstruction devices in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hip And Knee Reconstruction Devices Market Research Report
By Type
Hip, Knee
By Application
Hospitals, Orthopedic Clinics, Others
By Companies
B. Braun, Medtronic, J&J Medical Devices, Smith & Nephew, Zimmer Biomet, Stryker, ConMed, Wright Medical, Aesculap Implant Systems, Donjoy, Nuvasive, DJO Global, Meril Life Sciences Pvt. Ltd., Arthrex, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Hip And Knee Reconstruction Devices Market Report Segments:
The global Hip And Knee Reconstruction Devices market is segmented on the basis of:
Types
Hip, Knee
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Orthopedic Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B. Braun
- Medtronic
- J&J Medical Devices
- Smith & Nephew
- Zimmer Biomet
- Stryker
- ConMed
- Wright Medical
- Aesculap Implant Systems
- Donjoy
- Nuvasive
- DJO Global
- Meril Life Sciences Pvt. Ltd.
- Arthrex, Inc.
Highlights of The Hip And Knee Reconstruction Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hip
- Knee
- By Application:
- Hospitals
- Orthopedic Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hip And Knee Reconstruction Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hip and knee reconstruction devices are medical devices that are used to help restore the function of a hip or knee. These devices can be used to replace damaged parts of the hip or knee, or they can be used in combination with other treatments to improve the function of those joints.
Some of the major players in the hip and knee reconstruction devices market are B. Braun, Medtronic, J&J Medical Devices, Smith & Nephew, Zimmer Biomet, Stryker, ConMed, Wright Medical, Aesculap Implant Systems, Donjoy, Nuvasive, DJO Global, Meril Life Sciences Pvt. Ltd., Arthrex, Inc..
The hip and knee reconstruction devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hip And Knee Reconstruction Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hip And Knee Reconstruction Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hip And Knee Reconstruction Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hip And Knee Reconstruction Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hip And Knee Reconstruction Devices Market Size & Forecast, 2020-2028
4.5.1 Hip And Knee Reconstruction Devices Market Size and Y-o-Y Growth
4.5.2 Hip And Knee Reconstruction Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hip
5.2.2 Knee
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Orthopedic Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hip And Knee Reconstruction Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hip And Knee Reconstruction Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hip
9.6.2 Knee
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Orthopedic Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hip
10.6.2 Knee
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Orthopedic Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hip
11.6.2 Knee
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Orthopedic Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hip
12.6.2 Knee
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Orthopedic Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hip
13.6.2 Knee
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Orthopedic Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hip And Knee Reconstruction Devices Market: Competitive Dashboard
14.2 Global Hip And Knee Reconstruction Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B. Braun
14.3.2 Medtronic
14.3.3 J&J Medical Devices
14.3.4 Smith & Nephew
14.3.5 Zimmer Biomet
14.3.6 Stryker
14.3.7 ConMed
14.3.8 Wright Medical
14.3.9 Aesculap Implant Systems
14.3.10 Donjoy
14.3.11 Nuvasive
14.3.12 DJO Global
14.3.13 Meril Life Sciences Pvt. Ltd.
14.3.14 Arthrex, Inc.
