The global hips & knees reconstructive market is set for substantial growth over the next decade, according to a recent market research report. The market, valued at USD 20.8 billion by the end of 2022, is projected to expand at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2032, reaching an estimated value of USD 35.8 billion by 2032.
Reconstructive procedures for hips and knees are increasingly in demand due to the growing prevalence of osteoarthritis, an aging population, and advancements in surgical techniques. In terms of product segmentation, knee reconstruction continues to dominate the market, accounting for approximately 57.9% of the total market share in 2021. The report underscores the rising adoption of knee reconstruction surgeries as a key driver of market growth.
As the demand for joint replacement procedures continues to grow, the market for hips and knees reconstructive surgeries is expected to benefit from ongoing advancements in implant technologies and minimally invasive surgical techniques. The report provides valuable insights into market trends, key growth drivers, and opportunities for industry stakeholders and healthcare providers.
Knee Reconstruction Takes the Lead
The market for knee reconstruction procedures currently holds the dominant position, accounting for a significant market share of 57.9% in 2021. This dominance reflects the increasing demand for advanced solutions to address knee injuries and degenerative conditions. This trend signifies a shift in treatment preferences within the healthcare landscape, with a growing focus on improving patient mobility and quality of life.
One standout contributor to the industry’s growth is Total Hip Arthroplasty (THA), renowned for its economic efficiency and consistent success as an orthopedic procedure. THA delivers reliable results for individuals grappling with advanced degenerative hip osteoarthritis. The procedure not only alleviates pain but also promotes functional recovery, ultimately enhancing the overall quality of life for patients.
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 hip 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 Global Hip and Knee 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
- What are ongoing trends that will shape the market growth curve for the global Hips & Knees Reconstructive Industry?
- What are the drivers and challenges affecting the Hips & Knees Reconstructive Industry demand?
- What are the recent technological advancements in the Hips & Knees Reconstructive market?
- What are key trends and opportunities that will prevail in the revenue growth of Hips & Knees Reconstructive Industry players?
- How will evolving regulatory policies impact market growth?
- What is the impact of COVID-19 on the Hips & Knees Reconstructive Industry?
Hip and Knee Reconstructive Market Competitive Analysis
By Prominent 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
Hip and Knee Reconstructive Market: Segmentation
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
Detailed analysis of 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.
Key Segments Covered in the Hip and Knee 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
- Total Hip Reconstruction 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 into the market performance across geographies along with relevant graphs, figures, and a list of tables.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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