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Global orthopedic joint reconstruction market to hit $75.18 billion by 2026

Author: Onkar Nimbalkar
by Onkar Nimbalkar
Posted: Aug 25, 2019
orthopedic joint

Definition:

Orthopedic joint reconstruction is a replacement or substitute of bones in different parts of the body. The typical orthopedic joint reconstructions are hip, knee, elbow, ankle, leg among others.

Analysis of Global orthopedic joint reconstruction report:

Global orthopedic joint reconstruction market is estimated to reach USD 75.18 billion by 2026, registering a substantial CAGR of 5.1% in the forecast period of 2019-2026. The rise in market can be attributed to rising number of amputations and technological advancements.

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Market Drivers

  • There is rise in number of amputations leading to use of orthopedic reconstruction is also expected to act as a driver to the market growth
  • Technological advancement in orthopedic joint reconstruction is driving the market

Market Restraints

  • High cost of orthobiologic product is expected to restrain the market growth

Leading Key players profiled in this report are:

Few of the major competitors currently working in the orthopedic joint reconstruction market are Blatchford Group, Touch Bionics Inc., The Ohio Willow Wood Co., Ă–ssur, Ottobock, Fillauer LLC., Advanced Arm Dynamics, inc., Smith and Nephew, Touch Bionics Inc, Zimmer Biomet, Stryker Corp, DePuy Synthes, Blatchford Ortopedi AS, Exactech, Inc, Globus Medical Inc., RTI Surgical Holdings, Inc., Wright Medical Group N.V., Johnson & Johnson Services, Inc., Arthrex Inc., AlloSource and others.

Global orthopedic joint reconstruction Market Segmentation:

By Product

  • Demineralized Bone Matrix (DBM)
  • Allograft
  • Bone Morphogenetic Protein (BMP)
  • Viscosupplementation Products
  • Synthetic Bone Substitutes
  • Others

By Type

  • Knee
  • Ankle
  • Hip
  • Wrist & Shoulder
  • Spine
  • Others

By Application

  • Osteoarthritis & Degenerative Arthritis
  • Spinal Fusion
  • Fracture Recovery
  • Soft Tissue Injuries
  • Maxillofacial & Dental Applications

By End User

  • Hospitals & Ambulatory Centers
  • Research & Academic Institute

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Competitive Analysis: Global Orthopedic Joint Reconstruction Market

Global orthopedic joint reconstruction market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of orthopedic joint reconstruction market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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The Global orthopedic joint reconstruction market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global orthopedic joint reconstruction market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

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Author: Onkar Nimbalkar

Onkar Nimbalkar

Flag of India
India

Member since: Aug 08, 2019
Published articles: 18

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