Market Overview:
The global joint reconstruction and replacement market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The increasing prevalence of arthritis, obesity, and other lifestyle diseases is driving the demand for joint reconstruction and replacement procedures. Additionally, technological advancements in surgical techniques are also propelling the growth of this market. The knee segment is expected to account for the largest share of the global joint reconstruction and replacement market in 2018. This segment is driven by factors such as rising incidence of osteoarthritis and increasing awareness about advanced surgical procedures for treating this condition. The hip segment is projected to grow at the highest CAGR during the forecast period owing to growing geriatric population base worldwide coupled with rising incidence rates of hip fractures among elderly people. Geographically, North America dominates the global joint reconstruction.
Product Definition:
Joint reconstruction and replacement is a surgical procedure that repairs or replaces a joint that has been damaged by disease or injury. The importance of joint reconstruction and replacement is that it can restore function to the joint, improve mobility, and reduce pain.
Joint Replacement:
Joint replacement is a surgical procedure in which an artificial joint is used to replace the damaged or diseased bone and connective tissues. The major factor driving the growth of this market includes increasing prevalence of diseases such as osteoarthritis, obesity, and arthritis globally.
Osteotomy:
Osteotomy is a surgical procedure used to realign or stabilize the bone in the affected joint. It's performed as an outpatient surgery and most of the time it's done as an elective procedure after knee replacement surgeries, hip replacement surgeries, etc. The main objective of osteotomy is to provide stability and relieve pain caused by movement or arthritis in joints.
Application Insights:
The knee application segment dominated the market in 2017. This can be attributed to the rising incidence of knee injuries and diseases. According to a study published by the American Academy of Neurology, it is estimated that around 56,000 people are hospitalized every year due to traumatic brain injuries (TBIs) in U.S., which leads to about 75,000 deaths annually. Moreover, another study states that around 2 million TBIs occur each year in Europe alone which results in over 3 million disability cases per year globally leading to huge economic burden for society as well as healthcare system. These factors indicate a significant rise in demand for total knee replacement procedures across the globe which will further boost market growth during forecast years 2018 to 2030ADRKnee reconstruction and replacement accounted for largest share owing to increasing number of total knee replacement procedures worldwide coupled with high prevalence of arthritis & other associated conditions such as osteoarthritis & rheumatoid arthritis.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, availability of technologically advanced products, and high healthcare expenditure. The region is expected to maintain its dominance throughout the forecast period due to increasing geriatric population and prevalence of osteoarthritis.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with growing health awareness among people. Moreover, government initiatives for providing free or subsidized treatment are anticipated drive regional growth during the forecast period.
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 joint reconstruction and replacement market. According to the Centers for Disease Control and Prevention (CDC), approximately 54 million adults in the U.S. have been diagnosed with some form of arthritis, which is a major risk factor for joint replacement surgeries.
- Growing geriatric population: The growing geriatric population is another key growth driver for the joint reconstruction and replacement market, as this population is more prone to developing age-related conditions that can lead to joint damage or dysfunction.
- Advances in surgical techniques and implant technology: The advances in surgical techniques and implant technology are also contributing to the growth of the joint reconstruction and replacement market, as they allow surgeons to perform complex procedures with greater accuracy and precision than ever before. This has led to an increase in both demand for these procedures as well as patient satisfaction rates post-surgery.
- global healthcare spending reached trillion , up from trillion just five years ago . This trend is expected to continue over the next few years, providing a boost to all segments ofthe medical device industry including those involvedinjoint reconstructionandreplacement surgery s . 5) Increasing awareness about treatment options
Scope Of The Report
Report Attributes
Report Details
Report Title
Joint Reconstruction and Replacement Market Research Report
By Type
Joint Replacement, Osteotomy, Arthroscopy, Resurfacing, Arthrodesis, Others, Joint Reconstruction and Replacemen
By Application
Knee, Hip, Shoulder, Ankle, Others
By Companies
Medtronic, Stryker, Aesculap Implant Systems, Zimmer-Biomet, DePuy Synthes, Smith and Nephew, CONMED Corporation, DJO Global, Inc., Nuvasive, Inc., Joint Reconstruction and Replacemen
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Joint Reconstruction and Replacement Market Report Segments:
The global Joint Reconstruction and Replacement market is segmented on the basis of:
Types
Joint Replacement, Osteotomy, Arthroscopy, Resurfacing, Arthrodesis, Others, Joint Reconstruction and Replacemen
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
Knee, Hip, Shoulder, Ankle, 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:
- Medtronic
- Stryker
- Aesculap Implant Systems
- Zimmer-Biomet
- DePuy Synthes
- Smith and Nephew
- CONMED Corporation
- DJO Global, Inc.
- Nuvasive, Inc.
- Joint Reconstruction and Replacemen
Highlights of The Joint Reconstruction and Replacement 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:
- Joint Replacement
- Osteotomy
- Arthroscopy
- Resurfacing
- Arthrodesis
- Others
- Joint Reconstruction and Replacemen
- By Application:
- Knee
- Hip
- Shoulder
- Ankle
- 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 Joint Reconstruction and Replacement 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.
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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?
Joint reconstruction and replacement is a surgical procedure that restores or replaces the cartilage, ligaments, and tendons in the joints. This can help to restore joint function and improve overall mobility.
Some of the key players operating in the joint reconstruction and replacement market are Medtronic, Stryker, Aesculap Implant Systems, Zimmer-Biomet, DePuy Synthes, Smith and Nephew, CONMED Corporation, DJO Global, Inc., Nuvasive, Inc., Joint Reconstruction and Replacemen.
The joint reconstruction and replacement market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Joint Reconstruction and Replacement Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Joint Reconstruction and Replacement Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Joint Reconstruction and Replacement Market - Supply Chain
4.5. Global Joint Reconstruction and Replacement Market Forecast
4.5.1. Joint Reconstruction and Replacement Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Joint Reconstruction and Replacement Market Size (000 Units) and Y-o-Y Growth
4.5.3. Joint Reconstruction and Replacement Market Absolute $ Opportunity
5. Global Joint Reconstruction and Replacement Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Joint Reconstruction and Replacement Market Size and Volume Forecast by Type
5.3.1. Joint Replacement
5.3.2. Osteotomy
5.3.3. Arthroscopy
5.3.4. Resurfacing
5.3.5. Arthrodesis
5.3.6. Others
5.3.7. Joint Reconstruction and Replacemen
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Joint Reconstruction and Replacement Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Joint Reconstruction and Replacement Market Size and Volume Forecast by Application
6.3.1. Knee
6.3.2. Hip
6.3.3. Shoulder
6.3.4. Ankle
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Joint Reconstruction and Replacement Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Joint Reconstruction and Replacement Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Joint Reconstruction and Replacement Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Joint Reconstruction and Replacement Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Joint Reconstruction and Replacement Demand Share Forecast, 2019-2026
9. North America Joint Reconstruction and Replacement Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Joint Reconstruction and Replacement Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Joint Reconstruction and Replacement Market Size and Volume Forecast by Application
9.4.1. Knee
9.4.2. Hip
9.4.3. Shoulder
9.4.4. Ankle
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Joint Reconstruction and Replacement Market Size and Volume Forecast by Type
9.7.1. Joint Replacement
9.7.2. Osteotomy
9.7.3. Arthroscopy
9.7.4. Resurfacing
9.7.5. Arthrodesis
9.7.6. Others
9.7.7. Joint Reconstruction and Replacemen
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Joint Reconstruction and Replacement Demand Share Forecast, 2019-2026
10. Latin America Joint Reconstruction and Replacement Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Joint Reconstruction and Replacement Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Joint Reconstruction and Replacement Market Size and Volume Forecast by Application
10.4.1. Knee
10.4.2. Hip
10.4.3. Shoulder
10.4.4. Ankle
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Joint Reconstruction and Replacement Market Size and Volume Forecast by Type
10.7.1. Joint Replacement
10.7.2. Osteotomy
10.7.3. Arthroscopy
10.7.4. Resurfacing
10.7.5. Arthrodesis
10.7.6. Others
10.7.7. Joint Reconstruction and Replacemen
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Joint Reconstruction and Replacement Demand Share Forecast, 2019-2026
11. Europe Joint Reconstruction and Replacement Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Joint Reconstruction and Replacement Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Joint Reconstruction and Replacement Market Size and Volume Forecast by Application
11.4.1. Knee
11.4.2. Hip
11.4.3. Shoulder
11.4.4. Ankle
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Joint Reconstruction and Replacement Market Size and Volume Forecast by Type
11.7.1. Joint Replacement
11..2. Osteotomy
11.7.3. Arthroscopy
11.7.4. Resurfacing
11.7.5. Arthrodesis
11.7.6. Others
11.7.7. Joint Reconstruction and Replacemen
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Joint Reconstruction and Replacement Demand Share, 2019-2026
12. Asia Pacific Joint Reconstruction and Replacement Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Joint Reconstruction and Replacement Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Joint Reconstruction and Replacement Market Size and Volume Forecast by Application
12.4.1. Knee
12.4.2. Hip
12.4.3. Shoulder
12.4.4. Ankle
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Joint Reconstruction and Replacement Market Size and Volume Forecast by Type
12.7.1. Joint Replacement
12.7.2. Osteotomy
12.7.3. Arthroscopy
12.7.4. Resurfacing
12.7.5. Arthrodesis
12.7.6. Others
12.7.7. Joint Reconstruction and Replacemen
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Joint Reconstruction and Replacement Demand Share, 2019-2026
13. Middle East & Africa Joint Reconstruction and Replacement Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Joint Reconstruction and Replacement Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Joint Reconstruction and Replacement Market Size and Volume Forecast by Application
13.4.1. Knee
13.4.2. Hip
13.4.3. Shoulder
13.4.4. Ankle
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Joint Reconstruction and Replacement Market Size and Volume Forecast by Type
13.7.1. Joint Replacement
13.7.2. Osteotomy
13.7.3. Arthroscopy
13.7.4. Resurfacing
13.7.5. Arthrodesis
13.7.6. Others
13.7.7. Joint Reconstruction and Replacemen
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Joint Reconstruction and Replacement Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Joint Reconstruction and Replacement Market: Market Share Analysis
14.2. Joint Reconstruction and Replacement Distributors and Customers
14.3. Joint Reconstruction and Replacement Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aesculap Implant Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zimmer-Biomet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DePuy Synthes
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Smith and Nephew
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CONMED Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DJO Global, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nuvasive, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Joint Reconstruction and Replacemen
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
