Joint Reconstruction Devices Market Size

Joint Reconstruction Devices Market Size

Joint Reconstruction Devices Market size valuation exceeded USD 18.5 billion in 2022 and is set to record robust growth at more than 4% CAGR through 2032 driven by the expanding geriatric population globally.

To get key market trends

  Download Free Sample

Hip and knee osteoarthritis is widely prevalent among the older population. Hip and knee joint reconstruction is an effective treatment that helps to decrease pain and improve the function and lifestyle of patients of all ages, including the elderly. According to the World Health Organization, the number and proportion of individuals aged 60 and above will rise to 1.4 billion globally by 2030. The expanding older population base in many nations needs joint replacement and reconstructive surgery to improve their quality of life. Furthermore, due to the increased awareness, the use of joint repair devices is expanding at a rapid pace, which is estimated to support the joint reconstruction devices market growth.

Furthermore, ongoing orthopedic R&D studies are focused on the design and production of patient-specific implants (PSI) to provide an effective and accurate way for treating bone fractures or a variety of deformities such as oncological or congenital malformation. They are designed to be fitted to the bone geometry based on the kind of fracture that needs to be stabilized, further increasing their effectiveness. Moreover, patient-specific technologies (PSTs) aid in the interpretation of CT scans, reducing uncertainties in diagnosis and therapy while saving surgeons' time.