Joint Reconstruction Devices Market Size, Share, Growth – By Joint Type, By End Use – Global Forecast, 2024 – 2032

Joint Reconstruction Devices Market Size

The global joint reconstruction devices market size was valued at USD 19.6 billion in 2023 and is expected to exhibit growth at a CAGR of 4.5% from 2024 – 2032 period. There is a steady acceleration in the expansion of the market for joint reconstruction devices due to the rising number of global joint injuries and disorders.
 

The growing life expectancy together with the population aging in North America, parts of Europe and Asia, has resulted in an increased occurrence of osteoarthritis and rheumatoid arthritis, which in turn has increased the need for joint implants and knee and hip devices. Moreover, improving robotics and other technologies related to joint surgeries are making these procedures less invasive and complex, thereby ensuring a greater number of people seek out the treatment.
 

In addition, the growing leisure activities of the chubby generation of today have led to an increase in joint and sports injuries, making this another factor that aids in the expansion of the market. And where these fitness trends are high, the need for reconstruction devices and services is equally strong. Furthermore, the growing popularity of bio-resistant polymers and 3D printed implants makes these devices and drugs able to withstand a higher tolerance, making these surgeries highly affordable and an appealing option to a large population, resulting in significant market growth.

Moreover, emerging economies are investing heavily in reconstruction infrastructure, which is benefiting the healthcare sector. Countries such as India and Brazil are investing heavily in their healthcare sector, further allowing for advanced joint reconstruction implants to be incorporated. In these regions, medical tourism is growing due to the affordability and high-quality service, meaning that the market will continue to grow.

Devices used to reconstruct joints include implants and tools required to repair and put back together destroyed joints; this helps to encounter the pain caused by degenerative diseases, arthritis, or injuries. These include hip, knee, and ankle implants and are often used in partial reconstruction and total joint replacement. These devices are created using metals, ceramics, and biocompatible polymers, which makes the devices durable and helps greatly in replicating the natural function of joints. With the help of technology, patient outcomes, device longevity, and functionality are easily maintained with the use of minimally invasive surgical techniques and customizing implants.
 

Joint Reconstruction Devices Market Trends

• The increasing percentage of older adults significantly contributes to the joint revision market. With age, the degeneration of joints, osteoarthritis, osteoporosis, rheumatoid arthritis, and other related diseases are more prone to set in. These diseases cause pain and stiffness in the joints, which can seriously hinder movement and performance of daily activities, lowering one's quality of life.
   
• Healthcare specialists can use advanced joint reconstruction devices to improve an adult's mobility post-surgery or injury even at an advanced age. All these have actually proven quite effective in treating joint issues common due to older age. With the longer life expectancy that the world's population now has, the use of such procedures is bound to increase.
   
• The elderly today are able to get joint reconstruction surgeries, roughly located between the knees and hips, and hip replacements. They were once restricted from getting these surgeries because of the higher risks posed by the procedures. The development of new bio-compatible materials and improvements in surgical techniques, and the advent of robotic-assisted surgeries, have made it possible for elderly people to reasonably consider joint reconstruction. This, combined with the increasing use of minimally invasive strategies along with efficient and individually replicated implants, increased the accuracy of joint reconstruction procedures, reduced recovery time, and improved the success rates, which means that more elderly people will consider getting joint replacements, which will increase demand.
   
• Parts of Asia, Europe, and North America are witnessing rapid growth in the geriatric population, which is exceptional growth as this sector is ideal for offering advanced joint replacement methods.
   
• Further, the focus of the healthcare systems in these areas has started towards value-based care that caters to greater treatment requirements that minimize complications and allow for faster recovery time. In turn, this has resulted in an increase in joint reconstruction procedures, with providers and insurers backing surrenders that are beneficial in the long run to elderly patients.
   
• Thus, as the global population continues to increase, the pressure for effective and efficient joint reconstruction solutions intensifies. These devices are critical for pain alleviation and restoration of function for elderly people; thus, the market would continue to grow as it served the needs of a population that is experiencing aging.
   

Joint Reconstruction Devices Market Analysis

Based on joint type, the market is segmented into knee replacement, hip replacement, shoulder replacement, ankle replacement, and other products. The knee replacement segment is expected to expand at a CAGR of 5.1%, reaching over USD 14.5 billion by 2032.
 

• Knees become increasingly susceptible to osteoarthritis and rheumatoid arthritis, especially as people grow older. These factors play a significant role in knee replacement procedures being in high demand compared to other joint-replacement surgery such as the hip, shoulder, and ankle. Since there is a vast majority of the population experiencing knee-related issues, the demand for knee replacement devices increases.
   
• Moreover, knee replacements today aren't as invasive as they were many years ago, and the reason behind this is the introduction of robotic-assisted surgery, customized implants, and other technologies.
   
• With the new advancements in technology, the amount of time patients require to recover after their surgery is reduced significantly, advocating for the reception knee surgeries receive in regions with good healthcare.
   
• Thus, patients find it far easier to access all of the potential treatment options available to them, allowing them to opt for treatments much sooner in the course of the illness.
   
• Furthermore, people's sedentary lifestyle increases the probability of being obese, which in return causes greater stress on an individual's knee joints; this causes wear and tear in knees and accelerates knee problems. Obesity has a direct relation with depression, which consequently led to greater chances of people needing a replacement in the knee rather than the hip, shoulder, or ankle; the same phenomenon happened in the U.S. where knee-related issues surged in conjunction with the growing prevalence of obesity. And as for people in their twenties and some thirties, sports injuries in the knees are rather common, so this leads to a higher amount of knee replacements.
   

Based on end use, the joint reconstruction devices market is segmented into hospitals and clinics, ambulatory centers, and other end users. The hospitals and clinics segment dominated the market in 2023 and is anticipated to reach USD 20.7 billion by 2032.
 

• The hospitals and clinics segment remains the largest market for joint reconstruction devices due to several factors such as the combination of advanced surgical workstations, robotic arms, and advanced imaging systems. Moreover, as a result, hospitals are able to perform increasingly complex and advanced surgeries on a number of major joints, including the hip and knee.
   
• Further, apart from housing advanced technology, hospitals and clinics are favored by joint replacement patients due to the availability of highly skilled orthopedic surgeons experienced in complicated surgery with elderly patients with multiple comorbidities. Also, these patients require isotonic veins to be replaced into their joints, which is a complicated procedure and therefore requires specialized services and quick emergency assistance.
   
• Additionally, the provision of in-house treatment that allows extended periods of post-operative recuperation under trained staff. This prolonging care is especially useful for joint reconstruction patients who require post-operative care, physical rehabilitation, and pain relief. Such patients can be taken care of by hospitals and clinics, where all these procedures are made available, assuring that such patients are in a continuum of care from the pre-operative to the postoperative stage, and the quality of the care provided in such cases is often higher, even much higher, than that provided by the surgical centers without overnight stay.
   

North America joint reconstruction devices market accounted for USD 10.5 billion market revenue in 2023 and is anticipated to grow at a CAGR of 3.4% between 2024 – 2032 period.
 

• The increasing geriatric population is likely to lead to an increase in joint-related diseases. Moreover, as the U.S. and Canada boast an expanding elderly population, the incidence of osteoarthritis, osteoporosis, and rheumatoid arthritis is likely to rise, resulting in a growing market for joint reconstruction devices such as hip, knee, and shoulder implants. In addition, the region's high levels of obesity and lack of exercise make the patients' joints deteriorate further, which encourages them to go for reconstructive surgery.
   
• In addition, new inventions such as robotic-assisted surgeries, 3D-printed implants, and other innovations are expected to raise the adoption rate of surgeries. These advancements enhance procedural accuracy, lessen recovery durations, and result in better patient results - thereby increasing the market for joint replacement in surgeries to a new level, as even the younger demographics that are in need of viable alternatives can access them.
   
• Further, the large demand for joint reconstruction technologies in North America is also encouraged by the advanced healthcare system and good reimbursement systems.
   

U.S. joint reconstruction devices market was valued at USD 9.9 billion in 2023 and is projected to grow substantially in the coming years.
 

• One primary factor is the country's aging population, with a high prevalence of age-related conditions such as osteoarthritis and osteoporosis alongside other degenerative joint diseases. The elderly are always looking for efficient pain, mobility, and quality improvement solutions, which boost joint reconstruction installations or procedures.
   
• In addition to this, the high rate of obesity in the U.S. leads to wear and tear of joints, especially the hips and knees, which will, as a consequence, result in an increase in the need for joint reconstruction procedures.
   
• Further, the market is also propelled by technological developments in joint reconstruction devices such as robotic-assisted surgeries, minimally invasive techniques, and customized implants. These components facilitate higher accuracy, decreased recuperation duration, and promote the overall health of the patient, which makes joint replacement more appealing to patients and healthcare providers.
   
• These inventions assist in the reduction of complications after surgery and in shorter periods of hospitalization, which is in concurrence with the general U.S. healthcare system's shift towards value-based care, which focuses on patient's health and cost over a longer period of time.
   
• In addition, the U.S. has a strong healthcare system and a high penetration of insurance policies, which leads to greater adoption of advanced joint reconstruction surgeries. This market is further enhanced by government policies and private investments in healthcare technologies.
   

U.K. joint reconstruction devices market is projected to grow remarkably in the coming years.
 

• There are considerable number of individuals of 65 years and older within the country demographic which suffer from health issues such as Osteoporosis, Rheumatoid Arthritis, and Osteoarthritis. This has, thus, generated a spike in joint replacement owing to hip and knee reconstruction surgeries focused on relieving pain and restoring mobility. The National Health Services has prioritized to eliminate waiting time for joint surgeries, which consequently increases the patients attending it and overall the demand for reconstruction devices increases.
   
• Moreover, the advanced structured medical framework available in the U.K. allows for expansive, detailed surgical procedures and thorough post-surgical care. The advanced robot-aided minimally invasive surgical technologies equipped in hospitals alongside specialized orthopedic centers allow for reconstruction surgeries in the U.K. to be a successful procedure with high chances of the patient rating the experience and outcome highly whilst spreading word to others. The partnership managing programs enabled by the U.K. government allow for the availability of cutting-edge medical devices to be easier and enable patients to a broad and better spectrum of recovery solutions.
   

China holds a dominant position in the Asia Pacific joint reconstruction devices market.
 

• China leads the market in Asia Pacific due to its demographic structure, economy, and healthcare system. Osteoarthritis and Osteoporosis, two conditions related to aging, are expected to drive up demand for joint reconstruction. Furthermore, fast-paced urbanization coupled with a more active lifestyle among the younger generations is also causing an increase in the prevalence of joint injuries and chronic musculoskeletal disorders, thus increasing the need for joint reconstruction devices.
   
• Also, China has completely revolutionized its healthcare by transforming and modernizing its medical infrastructure, owing to massive government investment and thorough reforms in the public health sector. This strategy expands the pool of qualified medical professionals, particularly in the domain of advanced joint reconstruction, which was previously an expensive surgery that was beyond the reach of the majority of the populace.
   
• Moreover, the market in China is also expanding due to the rise of domestic telecommunications equipment manufacturers and other technological advances. High-quality devices that are also inexpensive are being made by local companies, lowering costs and making the devices more readily available to the general public.
   

Joint Reconstruction Devices Market Share

The market is competitive and occupied by several key players. Top key players are organizations such as DePuy Synthes (Johnson & Johnson), Zimmer Biomet, and Smith & Nephew, continuing to expand their market reach through production of joint implants and instruments using their vast experience and technology. These firms invest in R&D so that they are able to optimize the outcome by offering novel approaches such as patient-tailored implants and robotic surgical systems which improve patient satisfaction.
 

There are also new entrants who are responding to the increased need for special and less invasive approaches. From the outlook of market share distribution, it shows a progression of consolidation through M&As for large companies to be able to grow their market share and portfolio. There is a rise in the number of patients willing to undergo joint reconstruction rehabilitation, and therefore these companies are expected to expand their offerings and capabilities in the future.
 

Joint Reconstruction Devices Market Companies

Prominent players operating in the joint reconstruction devices industry include:

• Aesculap Implant Systems
• Allegra Orthopedic
• Amplitude Ortho
• Arthrex
• CONMED
• DJO Global
• Exactech
• Globus Medical
• Integra LifeSciences
• Johnson & Johnson
• Medacta International
• Microport
• NuVasive
• Smith & Nephew
• Stryker
• Zimmer Biomet
   

USPs for Top Players:

• DePuy Synthes (Johnson & Johnson) uses cutting-edge technology in combining its experience to produce novel joint prosthetics and tools for surgical processes.
   
• Zimmer Biomet aims to provide patient mobility and outcomes improvement through implantable reconstruction devices that are personalized and long-lasting.
  
   
• Smith & Nephew specializes in the designing of postoperative recovery time and the surgical joint reconstruction time efficiency devices.
   

Joint Reconstruction Devices Industry News

• On February 2024, Smith+Nephew, announced the full commercial launch of its AETOS Shoulder System in the U.S. It also obtained 510(k) clearance to integrate this system with 3D Planning Software for total shoulder arthroplasty.
   
• On Febraray 2024, AddUp, a global original equipment manufacturer focused on metal additive manufacturing, partnered with Anatomic Implants to file a 510(k) submission for the world's first 3D-printed toe joint replacement.
   

The joint reconstruction devices market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

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Market, By Joint Type

• Knee replacement
  • By product
    • Primary knee systems
    • Partial knee systems
    • Revision knee systems
  • By component
    • Femoral component
    • Tibial component
    • Patellar component
• Hip Replacement
  • By product
    • Primary hip reconstruction devices
    • Revision hip reconstruction devices
    • Partial hip reconstruction devices
    • Hip resurfacing devices
  • By component
    • Acetabular component
    • Femoral component
• Shoulder Replacement
  • Shoulder arthroplasty resurfacing implants
  • Shoulder arthroplasty trauma implants
  • Shoulder arthroplasty platform implants
• Ankle Replacement
  • Two-component fixed bearing
  • Three-component mobile bearing
• Other joint types

Market, By End Use

• Hospitals and clinics
• ASCs
• Other end users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE