Global Orthopedic Joint Reconstruction Market Segmentation, By Product Type (Demineralized Bone Matrix, Allograft, Bone Morphogenetic Protein, Visco supplementation Products, Synthetic Bone Substitutes, Others), Joint Type (Knee, Hip, Shoulder, Ankle, Other), Procedure (Total, Partial, Others), Technique (Joint Replacement, Implants, Bone Graft, Osteotomy, Arthroscopy, Resurfacing, Arthrodesis), Biomaterial (Metallic, Polymeric, Ceramic, Natural), End-User (Hospitals and Ambulatory Centers, Research and Academic Institute) – Industry Trends and Forecast to 2031.
Orthopedic Joint Reconstruction Market Analysis
Over the years, there has been rise in the prevalence of orthopedic illnesses, osteoporosis, osteoarthritis (OA), and lower extremity ailments. According to the Arthritis Foundation, by 2040, more than 78 million people in the U.S. aged 18 and above are expected to be diagnosed with arthritis. Increased orthopedic illnesses, osteoporosis and osteoarthritis (OA) have accelerated the adoption of orthopedic joint reconstruction. The orthopedic joint reconstruction market is largely influenced by surging focus of key players towards technological advances. These determinants aid the market to show substantial growth over the forecasted period.
Orthopedic Joint Reconstruction Market Size
Global orthopedic joint reconstruction market size was valued at USD 19.18 billion in 2023 and is projected to reach USD 26.05 billion by 2031, with a CAGR of 3.9% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Orthopedic Joint Reconstruction Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Key Market Players
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Zimmer Biomet (U.S.), Stryker (U.S.), Johnson & Johnson Private Limited (U.S.), Smith+Nephew (U.K.), Arthrex, Inc. (U.S.), Exactech, Inc. (U.S.), Corin Group (U.K.), DJO LLC (U.S.), Beijing Chunlizhengda Medical Instruments Co.,Ltd. (China), B. Braun Melsungen AG (Germany), GROUP FH ORTHO communication (U.S.), Limacorporate S.p.a. (Italy), Japan MDM, Inc. (Japan), PETER BREHM GmbH (Germany), Exactech, Inc., (U.S.) and United Orthopedic Corporation (Taiwan)
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Market Opportunities
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Global Orthopedic Joint Reconstruction Market Definition
Orthopedic joint reconstruction is a procedure that involves the re-establishment of a joint's architecture in order to restore the joint's functionality. The injured joint is removed and replaced with an artificial joint specifically engineered to operate like a natural joint. Some of the most common orthopaedic joint reconstruction surgeries are total hip replacement, anterior cruciate ligament (ACL) reconstruction, and total knee replacement.
Orthopedic Joint Reconstruction Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increasing Orthopedic Surgeries
The increasing prevalence of osteoarthritis, rheumatoid arthritis and musculoskeletal ailments across the world is the most significant factor driving the growth for this market. Moreover, the increase in the geriatric population is also further augmenting the demand for joint reconstruction devices. The surge in the adoption of reverse shoulder replacement surgery by patients with wide irreparable rotator tear as they cannot opt for conventional total shoulder replacement is also expected to accelerate the market's overall growth.
Furthermore, the rise in the demand of medical devices, increase in healthcare expenditures and activities by developing markets and the increase in establishments of public health insurance are also expected to fuel market growth. Moreover, the rising awareness among the patients regarding the joint ailments also cushions the market’s growth within the forecasted period. The surging life expectancy specifically in developing economies is also projected to bolster the market's growth.
Opportunities
- Growing Advancements and Research
Moreover, the technological advancement in the orthopedic joint reconstruction sector to enhance the treatments such as companies’ focus towards developing surgical robots, which have their use in spinal fusion surgeries along with the company’s navigation and implant tools are estimated to generate lucrative opportunities for the market. The rise in the research and development activities will further offer numerous growth opportunities for the market.
Restraints/Challenges Global Orthopedic Joint Reconstruction Market
- High Costs of Implants
On the other hand, the costs of implants are very high. The expensive implants are expected to obstruct market growth.
- Availability of Alternative Treatment Options
Also, alternative treatment options are available, which will pose a challenge to the orthopedic joint reconstruction market in the forecast period of 2024-2031.
Dearth of professionals or orthopedic surgeons is projected to negatively impact the market.
This orthopedic joint reconstruction market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the orthopedic joint reconstruction market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Orthopedic Joint Reconstruction Market
COVID-19 has impacted the orthopedic joint reconstruction market negatively. With the outbreak of disease, the governments were forced to restrict all non-emergency surgical procedures to free up caretakers for COVID-19 patients and various joint reconstruction surgical procedures were suspended. The surgical procedures were postponed because there was high risk of the transmission of COVID-19, during surgical procedures. Surgical limits and cancellations were widespread, resulting in massive revenue losses for orthopedic enterprises. According to a new study published in the Annals of Surgery, the cost of postponing major elective surgery during COVID-19 is expected to be USD 22.3 billion in the United States.
On the brighter side, during the third quarter, the joint replacement market began to revive and began to work through a considerable backlog of surgeries that had been postponed. Consequently, it is expected that the market for joint replacement would rebound quickly in the future years if surgical procedures are resumed in full force.
Recent Developments
- In September 2020, Stryker Corporation released the smart robotic system, Mako Total Hip 4.0. The technology enables surgeons and clinicians to design a patient's implant placement while taking into account changes in pelvic tilt in standing, sitting, and supine positions.
Global Orthopedic Joint Reconstruction Market Scope
The orthopedic joint reconstruction market is segmented on the basis of product type, joint type, procedure, technique, biomaterial and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Demineralized Bone Matrix
- Allograft
- Bone Morphogenetic Protein
- Viscosupplementation Products
- Synthetic Bone Substitutes
- Others
On the basis of product type, the orthopedic joint reconstruction market is segmented into demineralized bone matrix, allograft, bone morphogenetic protein, viscosupplementation products, synthetic bone substitutes and others.
Joint Type
- Knee
- Hip
- Shoulder
- Ankle
- Other
On the basis of joint type, the orthopedic joint reconstruction market is segmented into knee, hip, shoulder, ankle and other. The knee segment is projected to dominate the market because there is growing geriatric populace which further increases the old-age disorders such as osteoporosis and arthritis.
Procedure
- Total
- Partial
- Others
On the basis of procedure, the orthopedic joint reconstruction market is segmented into total, partial and others.
Technique
- Joint Replacement
- Implants
- Bone Graft
- Osteotomy
- Arthroscopy
- Resurfacing
- Arthrodesis
On the basis of technique, the orthopedic joint reconstruction market is segmented into joint replacement, implants, bone graft, osteotomy, arthroscopy, resurfacing and arthrodesis.
Biomaterial
- Metallic
- Polymeric
- Ceramic
- Natural
On the basis of biomaterial, the orthopedic joint reconstruction market is segmented into metallic, polymeric, ceramic and natural.
End User
- Hospitals and Ambulatory Centers
- Research and Academic Institute
On the basis of end-user, the orthopedic joint reconstruction market is bifurcated into hospitals and ambulatory centers and research and academic institute.
Orthopedic Joint Reconstruction Market Regional Analysis/Insights
The orthopedic joint reconstruction market is analyzed and market size insights and trends are provided by country, product type, joint type, procedure, technique, biomaterial and end-user as referenced above.
The countries covered in the orthopedic joint reconstruction market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the orthopedic joint reconstruction market because of the contribution of core market leaders for enhanced virtual trial solutions and the increasing adoption rate of technology in the clinical region within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2024 to 2031 due to the increase in the number of experiments to adopt new medications for different diseases along with the digitalization of laboratories within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The orthopedic joint reconstruction market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopedic joint reconstruction market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic joint reconstruction market. The data is available for historic period 2010-2020.
Orthopedic Joint Reconstruction Market Share Analysis
The orthopedic joint reconstruction market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to orthopedic joint reconstruction market.
Orthopedic Joint Reconstruction Market Leaders Operating in the Market Are:
- Zimmer Biomet (U.S.)
- Stryker (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Smith+Nephew (U.K.)
- Arthrex, Inc (U.S.)
- Exactech, Inc (U.S.)
- Corin Group (U.K.)
- DJO LLC (U.S.)
- Beijing Chunlizhengda Medical Instruments Co.,Ltd (China)
- B. Braun Melsungen AG (Germany)
- GROUP FH ORTHO communication (U.S.)
- Limacorporate S.p.a. (Italy)
- Japan MDM, Inc (Japan)
- PETER BREHM GmbH (Germany)
- Exactech, Inc (U.S.)
- United Orthopedic Corporation (Taiwan)
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