According to Emergen Research, Joint Reconstruction market size is projected to reach a market size of USD 47.98 Billion in 2028 and register a steady CAGR over the forecast period.

Joint reconstruction is a surgical procedure used for repairing and restoring full function of joints in the human body. Emergence of new surgical techniques and technologies is resulting in a more optimistic outlook among patients needing surgical procedures to repair joints instead of opting for joint replacement.

The formulation of this report has been done through thorough primary and secondary research to offer a better understanding of the market size, market share, scope, challenges, trends, and growth prospects among the industry.

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The global joint reconstruction market is expected to remain highly competitive and highly fragmented. Major players are spread across the value chain, and engage in various research and development activities, mergers and acquisitions, and agreements to gain an edge over competitors.

The leading players extensively profiled in the market are:

• Aesculap Implant Systems LLC
• Zimmer-Biomet Holdings Inc.
• Smith and Nephew
• Stryker Corporation
• DePuy Synthes
• Medtronic Inc.
• Omni Life Science
• CONMED Corporation
• Arthrex Inc.
• Wright Medical Technology Inc.

Market Segmentation:

• Joint Type Outlook (Revenue: USD Billion; 2018–2028)
  • Shoulder
  • Knee
  • Ankle
  • Hip
  • Others
• Technique Outlook (Revenue: USD Billion; 2018–2028)
  • Joint Replacement
  • Arthroscopy
  • Resurfacing
  • Osteotomy
  • Others
• End-use Outlook (Revenue: USD Billion; 2018–2028)
  • Hospitals
  • Clinics
  • Orthotic Prosthetic Centers
  • Surgical Centers
  • Others

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Some Key Highlights From the Report

• In November 2020, Stryker Corporation announced that it had acquired Wright Medical Group N.V, which is a global medical devices company focused on extremities and biologics. Wright Medical is a world leader in the upper extremities, lower extremities, and biologics market.

The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

Europe accounted for a significantly high revenue share in the global joint reconstruction market in 2019. Increasing demand for knee and hip surgery due to age-related challenges, increasing geriatric population in countries in the region, and rising incidence of sports- and accident-related injuries are other key factors boosting market growth. Major revenue contributing countries in Europe include the United Kingdom, Germany, France, Italy, and Russia.

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