Product Code: GVR-1-68038-469-7
Joint Reconstruction Devices Market Growth & Trends:
The global joint reconstruction devices market is anticipated to reach USD 37.21 billion by 2030 and is projected to grow at a CAGR of 4.3% during the forecast period, according to a new report by Grand View Research, Inc., driven by several key factors. An aging global population is a primary contributor, as older adults are more susceptible to joint disorders such as arthritis and osteoarthritis, necessitating joint replacement and reconstruction procedures. Technological advancements in surgical techniques and implant materials are enhancing the efficacy and success rates of these procedures, further fueling market demand. Additionally, increased healthcare spending and improved access to medical services in emerging economies are expanding the market reach. Rising awareness about the benefits of early intervention and surgical solutions for joint pain also plays a crucial role. Together, these factors are propelling the market toward robust and sustained growth.
The market is experiencing robust growth, primarily due to the aging global population and the rising prevalence of arthritis. As people age, they are more prone to developing joint disorders, with arthritis being a leading cause of chronic pain and disability among the elderly. For instance, according to the Global RA Network in 2021, over 350 million people worldwide are affected by arthritis. This increasing incidence of joint-related issues drives the demand for effective joint reconstruction solutions, such as knee and hip replacements. Technological advancements in medical devices and surgical techniques are further supporting market growth by improving the success rates and outcomes of these procedures. Additionally, greater awareness about the benefits of joint reconstruction surgeries and improved access to healthcare services are contributing to the expanding market, meeting the needs of an aging population seeking better mobility and quality of life.
In addition, the market is expanding rapidly, driven by increasing rates of joint replacement surgeries and the growing number of hospitals offering these procedures. As more patients opt for joint replacements to address conditions such as arthritis and joint injuries, demand for advanced reconstruction devices continues to rise. This trend underscores the importance of hospitals expanding their capabilities and adopting innovative technologies to meet the escalating need for effective surgical interventions in orthopedic care.
Furthermore, key players in the market are focusing on expanding their product portfolios, enhancing technological innovations, and strengthening distribution networks. These strategies aim to capitalize on the market's growth driven by increasing surgical procedures and the rising prevalence of joint disorders globally.
Joint Reconstruction Devices Market Report Highlights:
- Based on technique, the joint replacement segment held the largest share of 31.9% in 2023, driven by technological advancements and increasing adoption in hospitals.
- Based on joint, the knee segment held the largest share of 45.7% in 2023, driven by various factors, including technological advancements, demographic trends, and evolving patient preferences.
- North America market dominated the overall global market and accounted for the 45.8% revenue share in 2023, driven by the rising prevalence of arthritis.
- The competitive scenario in the market is highly competitive. The major companies are undertaking various strategies such as new product development, collaborations, acquisitions, mergers, and regional expansion for serving the unmet needs of their customers.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Segment Definitions
- 1.2.1. Technique
- 1.2.2. Joint
- 1.2.3. Regional Scope
- 1.2.4. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Technique outlook
- 2.2.2. Joint outlook
- 2.3. Regional outlook
- 2.4. Competitive Insights
Chapter 3. Joint Reconstruction Devices Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.3. Joint Reconstruction Devices Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of suppliers
- 3.3.1.2. Bargaining power of buyers
- 3.3.1.3. Threat of substitutes
- 3.3.1.4. Threat of new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- 3.3.3. Product Pipeline Analysis
Chapter 4. Joint Reconstruction Devices Market: Technique Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Joint Reconstruction Devices Market: Technique Movement Analysis
- 4.3. Joint Reconstruction Devices Market by Technique Outlook (USD Million)
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5. Joint Replacement
- 4.5.1. Joint replacement Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Osteotomy
- 4.6.1. Osteotomy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Arthroscopy
- 4.7.1. Arthroscopy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Resurfacing
- 4.8.1. Resurfacing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.9. Arthodesis
- 4.9.1. Arthodesis Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.10. Others
- 4.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Joint Reconstruction Devices Market: Joint Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Joint Reconstruction Devices Market: Joint Movement Analysis
- 5.3. Joint Reconstruction Devices Market by Joint Outlook (USD Million)
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5. Knee
- 5.5.1. Knee Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Hip
- 5.6.1. Hip Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Shoulder
- 5.7.1. Shoulder Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Ankle
- 5.8.1. Ankle Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.9. Others
- 5.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Joint Reconstruction Devices Market: Regional Estimates & Trend Analysis
- 6.1. Regional Dashboard
- 6.2. Regional Joint Reconstruction Devices Market movement analysis
- 6.3. Joint Reconstruction Devices Market: Regional Estimates & Trend Analysis by Technique, Joint & End-use
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.5. North America
- 6.5.1. North America Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. U.S.
- 6.5.2.1. U.S. Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.3. Canada
- 6.5.3.1. Canada Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.4. Europe
- 6.5.5. Europe Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.6. UK
- 6.5.6.1. UK Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.7. Germany
- 6.5.7.1. Germany Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.8. France
- 6.5.8.1. France Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.9. Italy
- 6.5.9.1. Italy Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.10. Spain
- 6.5.10.1. Spain Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.11. Denmark
- 6.5.11.1. Denmark Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.12. Norway
- 6.5.12.1. Norway Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.13. Sweden
- 6.5.13.1. Sweden Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Japan
- 6.6.2.1. Japan Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. China
- 6.6.3.1. China Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. India
- 6.6.4.1. India Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.5. South Korea
- 6.6.5.1. South Korea Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.6. Australia
- 6.6.6.1. Australia Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.7. Thailand
- 6.6.7.1. Thailand Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Latin America
- 6.7.1. Latin America Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Brazil
- 6.7.2.1. Brazil Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7.3. Argentina
- 6.7.3.1. Argentina Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7.4. Mexico
- 6.7.4.1. Mexico Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7.5. Colombia
- 6.7.5.1. Colombia Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Middle East & Africa
- 6.8.1. Middle East & Africa Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8.2. South Africa
- 6.8.2.1. South Africa Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8.3. Saudi Arabia
- 6.8.3.1. Saudi Arabia Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8.4. UAE
- 6.8.4.1. UAE Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8.5. Kuwait
- 6.8.5.1. Kuwait Joint Reconstruction Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Market Participant Categorization
- 7.2. Key Company Profiles
- 7.2.1. Medtronic
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. Stryker
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. Aesculap, Inc. (B. Braun company)
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. Zimmer Biomet
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. DePuy Synthes
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Smith+Nephew
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. CONMED Corporation
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. DJO, LLC
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. NuVasive, Inc.
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Product benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.10. Wright Medical Group N.V.
- 7.2.10.1. Company overview
- 7.2.10.2. Financial performance
- 7.2.10.3. Product benchmarking
- 7.2.10.4. Strategic initiatives