The global Joint Reconstruction Devices Market is expected to reach USD 36.81 Billion by 2027, according to a new report by Emergen Research. A growth in the population of elderly people in the countries in the APAC region including China, India, South Korea, and Japan would raise demand for joint reconstruction devices. Exhaustive coverage of the COVID-19 impact on the Joint Reconstruction Devices industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 .The market intelligence report takes a closer view of the global market share, estimated growth preparedness. rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Joint Reconstruction Devices market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Joint Reconstruction Devices industry.
As per the WHO (World Health Organization), the mean life expectancy of people is 82.3 years of age and 83.7 years of age in South Korea and Japan, respectively. As a result, a growing geriatric population at a higher risk of becoming affected by musculoskeletal disorders, demand for various joint reconstruction devices and is expected to increase over the coming next 5-7 years.The factors projected to drive the market during the forecast period are global demand for minimally invasive diagnostic and surgical procedures, rising prevalence of orthopedic diseases and increasing patient base with expanding population
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Key participants include Nuvasive Inc., Aesculap Implant Systems LLC, Stryker, Smith and Nephew, Medtronic, CONMED Corporation, Zimmer-Biomet, DJO Global Inc., DePuy Synthes Companies, and Microport Scientific Corporation, among others.
Joint Reconstruction Devices Market research report depicts the latest market scenario with updated trends and segmentation of the products and services. The study provides crucial information on the market situation, size, share, growth factors of the Joint Reconstruction Devices
Radical Highlights of the Joint Reconstruction Devices Market Report:
Comprehensive overview of the Joint Reconstruction Devices market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and RD advancements on the Joint Reconstruction Devices market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
By type, the ankle type accounted for a revenue of USD 5.69 billion in 2019 in the joint reconstruction devices market and is likely to rise with a CAGR of 6.7% in the forecast period as they are designed to provide patients with faster and longer-term relief, conducted through arthroscopy.
By technique, the arthroscopy technique is expected to grow with a CAGR of 6.1% in the forecasted period as many of these procedures are conducted under local anesthetics, reducing the overall procedure rate directly related to the rising incidence of the disorders correlated with the joint.
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Emergen Research has segmented the global Joint Reconstruction Devices Market on the basis of type, technique, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Knee
- Hip
- Shoulder
- Ankle
- Others
Technique Outlook (Revenue, USD Billion; 2017-2027)
- Joint replacement
- Osteotomy
- Arthroscopy
- Resurfacing
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- Others
Highlights of the Joint Reconstruction Devices Market Report:
This research report focuses on the Joint Reconstruction Devices Market overview, market share, demand and supply ratio, and import/export details, supply chain analysis, and others.
The report includes different approaches and procedures used by established market players for efficient business decisions.
The report offers detailed information regarding the production value, strategies adopted by the key market players, their products/services offerings, and many more.
The Joint Reconstruction Devices Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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