Joint Reconstruction Devices Market

Joint Reconstruction Devices Market Outlook (2023-2033)

Worldwide demand for joint reconstruction devices is expected to increase at a CAGR of 6% from 2023 to 2033. The market for joint reconstruction devices is valued at US$ 32.75 billion in 2023 and is thus expected to reach US$ 58.65 billion by the end of 2033.

Joint reconstruction devices are used for knee replacement, hip replacement, trauma & extremities, ankle replacement, and others. Demand for knee replacement devices is anticipated to rise at a similar CAGR of 6% during the next 10 years. This can be attributed to factors such as the ease of access to trained personnel who can handle knee joint reconstruction devices and procedures.

Demand for knee replacement procedures is anticipated to increase due to the rapidly expanding rate of the global elderly population as well as the rising prevalence of knee discomfort caused by conditions such as osteoarthritis. Devices for knee reconstruction will be more widely adopted as robotic-assisted surgical techniques advance and become more accurate.

Sales of hip replacement devices are predicted to progress at a CAGR of 5% from 2023 to 2033. Furthermore, primary hip reconstruction devices, partial hip reconstruction devices, revision hip reconstruction devices, and hip resurfacing are available in the market, to be used according to the procedure and disorder.

A medical device known as an orthopedic implant is used to replace a missing bone or joint and to support a damaged bone. Joint replacement devices are often made of titanium alloys and stainless steel for strength, with a plastic coating acting as artificial bone cartilage.

Joint reconstruction devices hold a significant position in the global orthopedic devices industry. Osteoporosis, gout, all forms of arthritis, bone degenerative disorders, and traumas are the main conditions that affect joints. These illnesses now affect a wide range of people, irrespective of their age.

A sizable section of the population is susceptible to chronic diseases due to factors including a sedentary lifestyle and bad eating habits. With a growing population and greater awareness of the commercially available cutting-edge techniques, it is therefore anticipated that the demand for joint reconstruction devices would expand at a healthy pace.

Physiotherapy, pain management, and surgeries are just a few of the many treatments that are used for joint reconstruction. To treat joint disorders on a primary level, physiotherapy is frequently performed. However, as a permanent solution, surgeries are typically preferable.

Over the past few years, a significant increase in demand for minimally-invasive diagnostic and surgical techniques has been noted. The desire for minimally-invasive procedures is being driven by aspects such as quicker recovery times, shorter hospital stays, and patient and surgeon convenience.

Through the projected period, with the rising demand for joint implants, governments across the world are spending more on the advancement of healthcare facilities and medical equipment, and the existence of reputable manufacturers will drive up demand for joint reconstruction surgeries.

Report Attributes	Details
Market Size (2023E)	US$ 32.75 Billion
Forecasted Market Value (2033F)	US$ 58.65 Billion
Global Market Growth Rate (2023-2033)	6% CAGR
Share in Orthopedic Devices Market (2022)	77.7%
China Market Growth Rate (2023-2033)	9.5% CAGR
Japan Market Growth Rate (2023-2033)	3% CAGR
Key Companies Profiled	B. Braun Melsungen AG Johnson & Johnson Smith & Nephew PLC Stryker Corporation Wright Medical Group NV Zimmer Biomet Holdings, Inc.

Which Factors are Fuelling the Sales of Joint Reconstruction Devices?

“Rising Incidence of Knee Osteoarthritis & Growing Demand for Minimally-invasive Surgeries”

One of the key elements driving a global rise in the need for bone procedures is the rising incidence of knee osteoarthritis. The demand for joint reconstruction devices is rising as the prevalence of adult-onset knee arthritis is increasing.

• For instance, more than 600,000 knee replacement procedures are carried out annually in the United States, according to the Agency for Healthcare Research and Quality (AHRQ).

The main drivers for the sales of joint reconstruction devices are the expansion of critical care therapies and the rising rate of the geriatric population.

Demand for joint reconstruction devices is increasing as a result of rising orthopedic disorders, more joint replacement and pain management operations, and rising demand for minimally-invasive surgeries. The ageing population's increasing prevalence of joint discomfort, bone abnormalities, and damaged joints is also fuelling sales growth.

The use of intramedullary nails, compression plates, and external fixation are some of the technological developments in joint reconstruction equipment and the rising demand for complex procedures such as knee arthrodesis.

Demand for joint reconstruction devices will increase even more in the coming years due to increasing spending power for healthcare and an increase in specialist clinics.

What Should Manufacturers of Joint Reconstruction Devices Focus On?

“Producers Should Develop Advanced Implants with Antimicrobial Surfaces to Prevent Bacterial Infections & Reduce Post-surgical Difficulties”

Even though joint reconstruction surgery is one of the most successful orthopedic surgical techniques, postoperative complications are a big worry following joint replacement surgeries. It may have severe problems that result in limb amputation or fusion.

The prosthesis utilized in joint reconstruction surgeries is prone to drawing bacteria, which might result in the creation and colonization of biofilms. Hence, manufacturers are strongly concentrating on the development of advanced implants with antimicrobial surfaces that prevent bacterial attachment to reduce post-surgical difficulties.

After the replacement surgeries, hazards such as chronic wounds, blood clotting, and prosthesis malfunction are present. During the procedure, soft tissue near the joint may be harmed. Rarely, injury to the surrounding arteries (0.5%), nerves (0.4%), or veins (0.4%) can result in diminished leg sensation or weakness. In addition, the high cost of joint reconstruction technologies and biocompatibility concerns are likely to slow the industry's expansion.

Country-wise Analysis

How is Demand for Joint Reconstruction Devices Evolving in the United States?

“Rising Number of Joint Reconstruction Surgical Procedures”

Product development for joint reconstruction devices will be aided by an increase in joint reconstruction procedures in the United States. Surgery called joint reconstruction involves repairing a broken joint to offer long-term remedies for joint problems.

• The American Academy of Orthopedic Surgeons projects that by 2030, 1.28 million primary total knee replacements would have been performed.
• For instance, more than a million knee and hip replacement surgeries are carried out in the United States each year, according to data recently published by the Center for Orthopedic & Neurological Care.

Demand for joint arthoplasty devices is increasing as the number of joint reconstruction surgeries rises. The rising incidences of road accidents in the nation are expected to boost demand for joint reconstruction devices, as they frequently necessitate joint replacement surgeries.

What’s Driving the Sales of Joint Reconstruction Devices in the European Region?

“Introduction of Advanced Joint Reconstruction Devices”

The Europe joint reconstruction devices market growth is aided by the rising demand for innovative implants and the durability of joint repair tools. In Europe, the most common joint reconstruction devices are orthopedic prostheses.

The region's expanding need for orthopedic treatments is being driven by enhanced technological developments over the past few years and growing awareness of joint problems. These devices are comfortable due to ongoing technological advancements in joint reconstruction techniques, as well as advances in design and efficiency.

Leading companies in the market now provide advanced joint reconstruction devices including 3D printed, patient-specific, and customised implants due to extensive research and developments in the implants used to repair the knee, hip, shoulder, and ankle joints.

Demand for knee joint reconstruction devices is increasing rapidly in Germany as compared to other countries. With the majority of patients in the 50+ age bracket, Germany has a knee replacement rate of about 207 per 100,000 individuals, which has sped up the market's development.

Furthermore, the growth of medical tourism in Europe has aided in the advancement of knee joint reconstruction surgeries. Robotics and innovative technologies are being applied in business operations to boost industrial income even more.

Furthermore, regional players are sponsoring initiatives in surgical robotics research to provide guidance during operations or to obtain 3D scans that help in the creation of specialised joint replacement devices. Motion preservation techniques, minimally-invasive treatments, and tissue-guided operations, among other technological developments, are improving different surgical procedures and advancing the field.

• The European Knee Society regularly collaborates with industry titans in the fields of knee replacement surgery and degenerative knee pathology. This organisation aimed to promote higher-quality arthroplasty and degenerative knee disease therapies.
• The European Federation of National Associations of Orthopedics and Traumatology seeks to further study the science of injury prevention and surgical care.
• To assist surgeons in identifying joint reconstruction devices at risk of early failure, the Orthopedic Data Evaluation Panel in Europe rates shoulder, hip, and knee prostheses made by manufacturers.

Will Asia Pacific Offer Lucrative Growth Opportunities for Joint Reconstruction Device Market Players?

“Presence of Sizeable Target Patient Base and Rapidly Developing Healthcare Facilities”

Asia Pacific market is expected to increase at the fastest CAGR during the forecast period. A sizable patient base, advancing healthcare infrastructure, and investments by prominent companies in this region are all responsible for the growth. The market's expansion can also be attributed to the existence of developing economies such as China, Japan, India, South Korea, and others.

Growing knowledge of potential therapies, an ageing population, and the rise in the monitoring of patients with knee joint conditions are all reasons boosting demand for joint reconstruction devices. Joint reconstruction device sales growth in the Asia Pacific is anticipated to be aided by rising healthcare spending power, an increase in minimally-invasive surgeries conducted in the region, and an increasing population’s adoption of cutting-edge technologies for treatment.

Sales of joint reconstruction devices in Japan are likely to rise at a CAGR of 3% during the next 10 years.

Category-wise Analysis

Why are Joint Replacement Technologies Widely Preferred?

“Notable Advancements in Joint Replacement Devices”

Based on technology, the joint reconstruction devices are segmented into joint reconstruction devices for joint replacement, joint reconstruction devices for osteotomy, joint reconstruction devices for arthroscopy, joint reconstruction devices for resurfacing, and joint reconstruction devices for arthrodesis.

Joint replacement technologies currently dominate the sales of joint reconstruction devices. Advancements in devices and numerous procedural volumes are some of the aspects that contribute to this technology's dominance.

An increased focus on minimally-invasive procedures and the use of arthroscopy devices in joint reconstruction and diagnosis has resulted in a rise in their use. Smaller surgeries can now be done as outpatient procedures due to the development of arthroscopic technologies. The majority of these treatments are carried out while under local anaesthesia, which lowers the overall procedure cost.

Competitive Landscape

The global market dynamics are dependent on big players, which has resulted in a highly consolidated market for joint reconstruction devices. The primary portion of the market is dominated by the top players in terms of market share. Demand for joint reconstruction devices is expected to increase as more major manufacturers and other businesses enter into product launch and collaboration agreements.

Some of the key companies in the joint reconstruction devices market are B. Braun Melsungen AG, Johnson & Johnson, Smith & Nephew PLC, Stryker Corporation, Wright Medical Group NV, and Zimmer Biomet Holdings, Inc.

• Smith & Nephew announced the commercial introduction of the CORI Surgical System, their next-generation handheld robotics platform, in Japan in February 2022. In contrast to other robotic systems, the CORI Surgical System is smaller and more portable, making it ideal for the congested operating rooms of today.
• In December 2020, Zimmer Biomet Holdings, Inc. announced that it had acquired A&E Medical Corporation, along with the company's entire portfolio of sternal closure devices, including sternal sutures, cable systems, and rigid fixation, as well as a variety of single-use complementary products, including temporary pacing wire and surgical punch.

Segments of Joint Reconstruction Devices Industry Research

• By Device :

  • Knee Replacement
  • Hip Replacement
  • Trauma & Extremities
  • Ankle Replacement

• By Technology :

  • Joint Replacement
  • Osteotomy
  • Arthroscopy
  • Resurfacing
  • Arthrodesis

• By Procedure :

  • Total
  • Partial

• By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA