Joint Reconstruction Devices Market Analysis

Joint Reconstruction Devices Market Analysis

Joint reconstruction devices market from the knee replacement segment was worth over USD 9 billion in revenue in 2022. High patient satisfaction is encouraging more patients to choose these treatments, which has raised the adoption of total knee replacements. Furthermore, the surging integration of advanced robotic systems with the MIS approach makes the treatment safer and faster, which is complementing the segment progress. For instance, in February 2023, to address the mounting orthopedic burden in India, CK Birla Hospital began a fully functioning robotic minimally invasive surgical knee replacement program at the Punjabi Bagh location, which provides advantages over conventional techniques in the field of knee replacement surgery.
 

North America joint reconstruction devices market is anticipated to reach a valuation of more than USD 14 billion by 2032 driven by multiple factors, including an expanding aging population, rising medical expenses, and a spike in the occurrences of orthopedic disorders in the country. The Department of Health and Human Services estimates that 10 million Americans aged 50 and older suffer from osteoporosis, which is expected to increase the demand for knee replacement treatments.