Joint Reconstruction Market Size to Reach Value of USD 47.98 Billion By 2028 | Growing Number of Orthotic & Prosthetic Centers Globally and Increasing Geriatric Population are Among Some Other Major Factors Driving Industry Demand, says Emergen Research

VANCOUVER, BC, Dec. 1, 2021 /PRNewswire/ -- The global joint reconstruction market is projected to reach a market size of USD 47.98 Billion in 2028 and register a robust CAGR, according to latest analysis by Emergen Research. Introduction of Artificial Intelligence in healthcare infrastructure and processes, increasing elderly population and rising need for solutions for joint disorders are some key factors driving market growth.

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.

Further key findings in the report

• In December 2020, Zimmer-Biomet Holdings Inc, which is a global leader in musculoskeletal healthcare, acquired A&E Medical Corporation, which is a Vance Street Capital Portfolio Company.
• North America is a major market for joint reconstruction. Increased investments in the healthcare sector, deployment of Artificial Intelligence in medical procedures, and awareness initiatives by governments are significant factors contributing to rising demand and preference for joint reconstruction procedures.

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For this report, Emergen Research has segmented the global joint reconstruction market based on joint type, technique, end-use, and region:

• Joint Type Outlook (Revenue: USD Billion; 2018–2028)
• Shoulder
• Knee
• Ankle
• Hip
• Others
• Technique Outlook (Revenue: USD Billion; 2018–2028)
• Joint Replacement
• Arthroscopy
• Resurfacing
• Osteotomy
• Others
• End-use Outlook (Revenue: USD Billion; 2018–2028)
• Hospitals
• Clinics
• Orthotic & Prosthetic Centers
• Surgical Centers
• Others

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Regional Outlook (Revenue: USD Billion; 2018–2028)

• North America
• U.S.
• Canada
• Europe
• Russia
• UK
• Germany
• France
• BENELUX
• Asia Pacific
• China
• Japan
• South Korea
• India
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• Middle East & Africa
• Saudi Arabia
• UAE
• Israel
• Rest of MEA

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