The Global Joint Reconstruction Devices and Equipment Market Report by The Business Research Company covers joint reconstruction devices and equipment market drivers and restraints, joint reconstruction devices and equipment market size, major players, and the impact of COVID-19 on the joint reconstruction devices and equipment market.

The joint reconstruction devices and equipment market consists of sales of joint reconstruction devices and equipment and related services. Joint reconstruction devices and equipment are used in joint reconstruction procedures such as shoulder replacement, ankle replacement, digit replacement, hip replacement, elbow replacement, knee replacement, and elbow replacement.

The global joint reconstruction devices and equipment market reached a value of nearly $ 14,477.7 billion in 2020, having declined at a compound annual growth rate (CAGR) of -14% since 2015. The market is expected to grow from $ 14,477.7 billion in 2020 to $ 20,893.7 billion in 2025 at a rate of 7.6%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The joint reconstruction devices and equipment market is expected to stabilize and reach $ 21,727.6 billion in 2030.

Increase in demand for joint reconstruction disorders including osteoarthritis, arthritis, bursitis and prosthesis problems like loosening or dislocation are expected to drive the demand for joint reconstruction devices and equipment in the forecast period. Patients are preferring joint replacement therapies instead of other treatments for joint diseases, because of improved safety and reliability. Rise in obese population that is associated with an elevated risk of musculoskeletal diseases including osteoarthritis (OA) further drives the market. A number of studies have focused on the relationship between obesity, OA, and total joint replacement among the elderly and younger population. This condition can be treated by joint replacement surgeries using orthopedic knee and hip implant surgeries. According to the Arthritis Foundation, about 67 million people are expected to suffer from arthritis by 2030. Therefore, rise in patient pool for joint diseases is driving the demand for the joint reconstruction devices and equipment market, significantly impacting market growth.

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Some joint reconstruction devices and equipment market trends include using internet-of-things (IoT) enabled solutions to help monitor and collect data for joint reconstruction surgery. IoT provides advancement in treatment, surgery, information, education, research and development. Moreover, Artificial Intelligence (AI) is increasingly being used in the joint reconstruction devices and equipment for providing accurate analysis and improve surgical outcomes of patients undergoing joint reconstruction surgery.

Global joint reconstruction devices and equipment market segments include:

1) By Product Type: Knee Reconstruction Devices, Hip Reconstruction Devices, Extremity Reconstruction Devices

2) By Application: Arthrodesis, Arthroscopy, Joint Replacement Surgery, Osteotomy, Resurfacing Surgery, Small Joint Surgery

3) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Joint Reconstruction Devices and Equipment Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides joint reconstruction devices and equipment market overviews, analyzes and forecasts market size, share, joint reconstruction devices and equipment market players, joint reconstruction devices and equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The joint reconstruction devices and equipment identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Joint Reconstruction Devices and Equipment Opportunities and Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Stryker Corporation, Zimmer Biomet, Johnson & Johnson, Smith & Nephew, Globus Medical

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Joint Reconstruction Devices and Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Joint Reconstruction Devices and Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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