Joint Reconstruction Devices And Equipment Global Market To Reach Value Of About $21 Billion In 2025

The joint reconstruction devices and equipment market consists of sales of joint reconstruction devices and equipment and related services. Joint reconstruction devices and equipment are used in joint reconstruction procedures. These include shoulder replacement, ankle replacement, digit replacement, hip replacement, elbow replacement, knee replacement, and elbow replacement.

Global Joint Reconstruction Devices And Equipment Market Size And Drivers:

The global joint reconstruction devices and equipment market is expected to grow from $12.39 billion in 2020 to $16.94 billion in 2021 at a compound annual growth rate (CAGR) of 36.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $20.89 billion in 2025 at a CAGR of 5.4%. Presence of large pool of patients in joint reconstruction diseases is driving the market.

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Trends In The Global Joint Reconstruction Devices And Equipment Market

Companies in the joint reconstruction devices are increasingly investing in 3D printing technology due to its significant improvement over the traditional joint reconstruction surgery. This technique uses for reconstructions of bones as a base before surgery plan so the patient can get a preoperative MRI or CT scan. These features are particularly beneficial for patient in terms of safety concerns, which can affect adherence to treatment regimens. For instance, in 2019, Conformis, a USA based developer and manufacturers of knee implants, launched a hip implant using 3D printing technology as per patient’s specifications.

Global Joint Reconstruction Devices And Equipment Market Segments:
The global joint reconstruction devices and equipment market is further segmented –
By Product Type: Knee Reconstruction Devices, Hip Reconstruction Devices, Extremity Reconstruction Devices
By Application: Arthrodesis, Arthroscopy, Joint Replacement Surgery, Osteotomy, Resurfacing Surgery, Small Joint Surgery
By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
By Geography: The global joint reconstruction devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Joint Reconstruction Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides joint reconstruction devices and equipment market overviews, analyzes and forecasts market size and growth for the global joint reconstruction devices and equipment market, joint reconstruction devices and equipment market share, joint reconstruction devices and equipment market players, joint reconstruction devices and equipment market segments and geographies, joint reconstruction devices and equipment market’s leading competitors’ revenues, profiles and market shares. The joint reconstruction devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.