26th September 2019 – Joint
Reconstruction Devices Market Research Report 2025 Provides In-Depth
Analysis by Scope, Growth Rate, Driving Factors, Competitive Situation and
Upcoming Trends. Joint Reconstruction Devices Market report split global into
several key Regions which mainly includes Market Overview, Table of Content,
List of Figures and Applications. Globally, the joint reconstruction devices
market is predicted to grow at CAGR of 4.9% in forecast period, providing
numerous opportunities for market players to invest in research and development
in the market.
The global Joint Reconstruction Devices
Market size is expected to value at USD 30.4 billion by 2025. The market is
subject to witness a substantial growth due to the increasing adoption of
minimally invasive surgeries and recent technological advancement in the
healthcare sector. Factors such as modernization of surgical devices and
procedures coupled with increase in the health expenditure by local governments
from developed economies across the globe are expected to amplify the growth of
the market, in recent years.
Additionally, the rise in demand for
minimally invasive diagnostic, innovative surgical methodologies, increase in
occurrence of orthopedic conditions, and a large patient pool are some of the
critical factors attributing to the growth of joint reconstruction devices
industry, in recent years. Substantial rise in the elderly population in both
developed and developing economies across the globe are driving the demand for
joint reconstruction surgeries and devices.
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Population above age of sixty are more
prone to the orthopedic conditions due to weakened bone structure. Joint
reconstruction is considered as one of the most crucial part of the global
orthopedic devices industry. Some of the common causes for joint inflammation
and damage include various arthritis conditions, osteoporosis, gout, and bone
degenerative disorders. Growing prevalence of arthritis conditions and
osteoporosis in young population is expected to fuel the growth of joint
reconstruction devices industry in upcoming years.
Furthermore, changing lifestyle, varying
food patterns and unhealthy dietary habits among large chunk of population are
leading to rise in the prevalence of arthritis and osteoporosis conditions,
thus driving the market growth further. Rise in number of initiatives
undertaken by local governments and private bodies to create awareness among
general population is anticipated to boost the market growth in upcoming years.
Recent innovation and research &
development by industry players in joint-related conditions and therapeutic
approaches are expected to amplify market opportunities over the forecast
period. These factors are expected to augment the patient database in near
future, leading to market expansion. Joint reconstruction contains a broad
range of therapies such as physiotherapy, pain management, and various surgical
procedures. Physiotherapyis considered as one of the fastest growing segment in
the joint reconstruction devices market with substantial revenue generation in
the last couple of years.
Growing popularity of the physiotherapy
among patients in credited to its primary use in treatment of the joint
conditions. Surgical procedure market segment has also witnessed substantial
growth, in the recent years, due to its growing preference as a permanent cure
for joint conditions. Also, rise in adoption of the minimally invasive
surgeries is been witnessed in the last couple of years as well.
Some of the primary causes for the need
of joint reconstruction include aging, increase in the number of indoor
accidents encountered by elderly people, leading to weakening of joints, pain
inflammation, and limited movement. Joint are commonly covered with a
protecting layer of cartilage that helps in swift movements of the bones. With growing
age and excessive wear-and-tear causes leads to deprivation of cartilage, which
makes joints weaker and vulnerable to develop cracks while falling.
The joint reconstruction devices
industry is divided by region such as North America, Europe, Asia-Pacific,
Latin America and Africa. North America has shown major growth in recent years
owing to the rise in adoption of latest technologies in medical &
pharmaceutical sector and existence of well-established healthcare
infrastructure. Asia-Pacific region is predicted to hold major market share in
the joint reconstruction devices market with massive growth in forecast period.
Countries such as India, China and Japan
are leading the Asia-Pacific market with favorable government policies, rise in
the foreign investment due to numerous initiatives by local governments, and
significant investment by leading industry players considering potential
opportunities in the region. The key players in the joint reconstruction
devices industry are Medtronic plc, Nuvasive Incorporations, Zimmer
BiometHoldings, Inc., Stryker Co., DePuySynthes Companies, Aesculap Implant
Systems, Inc. Smith & Nephew plc, CONMED Co., and DJO Global
Incorporations.
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