Hips & Knees Reconstructive Industry Poised to Reach US$ 35.8 Billion by 2032, with a CAGR of 5.6 | FMI

Hips & Knees Reconstructive Industry

The global market for hip & knee reconstructive procedures is expected to reach a value of US$ 20.8 billion by the close of 2022, with a projected compound annual growth rate (CAGR) of 5.6% from 2022 to 2032. The anticipated market valuation by 2032 is approximately US$ 35.8 billion. In 2021, knee reconstruction dominated the global market with a substantial 57.9% share.

Total hip arthroplasty (THA) stands out as an economically efficient and consistently successful orthopedic procedure. It provides reliable results for individuals suffering from advanced degenerative hip osteoarthritis, leading to pain relief, functional recovery, and enhanced quality of life.

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Following the development of AI and connected medical devices, the healthcare sector has experienced tremendous growth over the past ten years. The scope for diagnostics and therapies within the medical field has been greatly expanded by technological advancement.

The report provides substantial data sets that validate major trends influencing market growth for hips and knee replacement. It provides insights into the tactics used by the major competitors to solve issues that will limit the market’s ability to grow for hips and knee replacements. The Hips & Knees Reconstructive Industry report will help and identify the worries, for a smooth-sailing of the small & medium as well as large enterprises, with the help of our deep research and information about the past, present, and future market environment.

Critical Questions Answered in the Report

  1. What are ongoing trends that will shape market growth curve for global Hips & Knees Reconstructive Industry?
  2. What are the drivers and challenges affecting the Hips & Knees Reconstructive Industry demand?
  3. What are the recent technological advancement in the Hips & Knees Reconstructive market?
  4. What are key trends and opportunities that will prevail the revenue growth of Hips & Knees Reconstructive Industry players?
  5. How will evolving regulatory policies impact the market growth?
  6. What is the impact of Covid-19 on the Hips & Knees Reconstructive Industry?

Competitive Analysis

By Prominent Market Players

  • Zimmer Biomet
  • DePuy Synthes
  • Smith & Nephew plc.
  • Stryker
  • MicroPort Scientific Corporation
  • B. Braun Melsungen AG
  • Exactech, Inc.
  • Limacorporate S.p.a.
  • CeramTec
  • ConforMIS

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Hips & Knees Reconstructive market

Hips & Knees Reconstructive Market: Segmentation

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

Detailed analysis on the geographical region and country wise insights are offered in the latest Hips & Knees Reconstructive market report with established market players as well as incumbents in the region.

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Key Segments Covered in Hips & Knees Reconstructive Market

By Product:

  • Hip Reconstruction
    • Total Hip Reconstruction Implants
      • Metal-On-Polyethylene
      • Metal-On-Metal
      • Ceramic-On-Polyethylene
      • Ceramic-On-Ceramic
      • Others
    • Partial Hip Reconstruction Implants
    • Revision Implants
  • Knee Reconstruction
    • Total Knee Reconstruction Implants
    • Partial Knee Reconstruction Implants
    • Revision Implants

By Fixation:

  • Cement
  • Cementless
  • Hybrid

By End User:

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of  prominent players and emerging players in the Hips & Knees Reconstructive market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

 About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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