The Global Orthopedic Joint Reconstruction Market report is a far reaching, proficient report conveying statistical surveying information that is applicable for new market contestants or built up players. Key techniques of the organizations working in the business sectors and their effect examination have been incorporated into the report. Moreover, a business outline, income offer, and SWOT analysis of overall Orthopedic Joint Reconstruction is accessible in the report. The prime target of this Orthopedic Joint Reconstruction report is to enable the client to comprehend the market crucial such as its definition, division, market potential, powerful patterns, and the difficulties that the market is confronting.
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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. Global Orthopedic Joint Reconstruction Market By Product (Demineralized Bone Matrix (DBM), Allograft, Bone Morphogenetic Protein (BMP), Viscosupplementation Products, Synthetic Bone Substitutes, Others), Type (Knee, Ankle, Hip, Wrist & Shoulder, Spine, Others), Application (Osteoarthritis & Degenerative Arthritis, Spinal Fusion, Fracture Recovery, Soft Tissue Injuries, Maxillofacial & Dental Applications), End User (Hospitals & Ambulatory Centers, Research & Academic Institute), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Some of the major competitors currently working in the orthopedic joint reconstruction market are Blatchford Group, Touch Bionics Inc., The Ohio Willow Wood Co., Össur, 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.
Competitive Analysis:
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. 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.
According to Stanford Children’s Health, there were an estimated 3.5 million sports injuries occurred, this significant number is expected to act as a driver to the market growth.
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
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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
Key Developments in the Market:
- In April 2019, Scheck & Siress announces the acquisition of Ballert Orthopedic. Ballert Orthopedic is with an 89-year history as a leader in orthotics and prosthetics. This will enhance Scheck’s ability to deliver best-in-class, convenient O&P care throughout the Chicago area.
- In March 2019, Exactech acquires XpandOrtho. XpandOrtho is a designer of soft tissue balancing instruments for knee replacement surgery. Focus of this acquisition to supports Exactech’s growth strategy and commitment to improving surgeon experience and patient outcomes.
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