Joint Reconstruction market size is projected to reach a market size of USD 47.98 Billion in 2028
Joint Reconstruction market size is projected to reach a market size of USD 47.98 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research.., that offers a comprehensive analysis of the Global Joint Reconstruction Market that offers beneficial information to the users to offer an overview of the Joint Reconstruction market.
The report covers the rapidly changing market scenario and offers an initial and future assessment of the impact of the Joint Reconstruction market. The research report is furnished with data validated from the experts, along with an analysis of the historical data. It also discusses growth prospects, industry facts, sales figures, distribution channels, competitive landscape analysis, market shares, gross margin, key regions, demand trends, and developments, among others.
Joint reconstruction is a surgical procedure used for repairing and restoring full function of joints in the human body. Emergence of new surgical techniques and technologies is resulting in a more optimistic outlook among patients needing surgical procedures to repair joints instead of opting for joint replacement.
Anterior Cruciate Ligament (ACL) technique is used for treatment purposes. The ACL is crucial for maintaining stability of the knee joint, particularly while running, walking, and kicking activities. ACL surgery is generally performed using a minimally invasive procedure, but in some cases, requires a larger incision known as open surgery.
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Key players operating in the global joint reconstruction market are Aesculap Implant Systems LLC, Zimmer-Biomet Holdings Inc., Smith and Nephew, Stryker Corporation, DePuy Synthes, Medtronic Inc., Omni Life Science, CONMED Corporation, Arthrex Inc., and Wright Medical Technology Inc.
Global Joint Reconstruction Market Segmentation:
The market has been divided into types, applications, and regions. The report offers a growth analysis of each segment to provide an accurate calculation and forecast of sales in the time period 2020-2028. The analysis offers strategic insights that provide fruitful information to the readers to help them capitalize on the business offerings.
- Joint Type Outlook (Revenue: USD Billion; 2018–2028)
- Technique Outlook (Revenue: USD Billion; 2018–2028)
- Joint Replacement
- End-use Outlook (Revenue: USD Billion; 2018–2028)
- Orthotic & Prosthetic Centers
- Surgical Centers
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Global Joint Reconstruction Market Regional Analysis:
Europe accounted for a significantly high revenue share in the global joint reconstruction market in 2019. Increasing demand for knee and hip surgery due to age-related challenges, increasing geriatric population in countries in the region, and rising incidence of sports- and accident-related injuries are other key factors boosting market growth. Major revenue contributing countries in Europe include the United Kingdom, Germany, France, Italy, and Russia.
The report also covers an in-depth analysis of the key geographical regions as well as their countries. It further covers radical insights about the key market players along with their company overview, total revenue, market share and size, price analysis, product portfolio, and strategic initiatives adopted by the companies.
Some Key Highlights From the Report
- In November 2020, Stryker Corporation announced that it had acquired Wright Medical Group N.V, which is a global medical devices company focused on extremities and biologics. Wright Medical is a world leader in the upper extremities, lower extremities, and biologics market.
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