The global hips & knees reconstructive market is set for remarkable growth, with its valuation projected to increase from USD 20.8 billion in 2022 to USD 35.8 billion by 2032, representing a compound annual growth rate (CAGR) of 5.6% over the forecast period. Knee reconstruction continues to dominate the market, accounting for 57.9% of the market share in 2021, driven by advancements in surgical techniques and implant technology.
Total hip arthroplasty (THA) remains one of the most economical and consistently successful orthopedic procedures, delivering reliable outcomes for individuals suffering from advanced degenerative hip osteoarthritis. Patients undergoing THA report significant pain relief, functional recovery, and an overall improvement in quality of life, further bolstering the demand for reconstructive surgeries.
As an increasing number of patients seek solutions to improve mobility and manage pain associated with joint deterioration, the market is witnessing heightened innovation. Enhanced surgical techniques, advanced materials, and personalized implants are enabling better outcomes and shorter recovery times, fueling growth across the industry.
A Comprehensive Full Report – https://www.futuremarketinsights.com/reports/hips-and-knees-reconstructive-market
Key Takeaways:
- Market Growth: Expected to grow from $20.8 billion in 2022 to $35.8 billion by 2032 at a CAGR of 5.6%.
- Knee Reconstruction: Leading the market with 57.9% share in 2021, driven by technological advancements.
- Procedure Efficacy: Total hip arthroplasty (THA) continues to deliver consistent and cost-effective results.
- Future Trends: Innovations in materials, techniques, and patient-specific implants are key growth drivers.
This growth underscores the critical role of hips and knees reconstructive procedures in improving patient outcomes and addressing the rising global burden of joint-related disorders.
Factors Driving Growth
- Increasing Incidence of Osteoarthritis and Rheumatoid Arthritis: The rising prevalence of these conditions is driving demand for reconstructive surgeries, particularly in aging populations.
- Technological Advancements: Innovations in surgical techniques and implant designs, such as minimally invasive procedures and robotic-assisted surgeries, are enhancing patient outcomes and recovery times.
- Growing Awareness and Acceptance: Patients are becoming more aware of surgical options available for joint reconstruction, leading to higher rates of elective surgeries.
- Economic Viability of Procedures: Total hip arthroplasty (THA) is recognized as one of the most economical and successful orthopedic procedures, providing reliable results for individuals with advanced degenerative conditions.
Regional Insights
- The North American market is expected to maintain a significant share due to advanced healthcare infrastructure and high rates of orthopedic procedures performed annually.
- Emerging markets in Asia-Pacific are likely to witness rapid growth driven by increasing healthcare investments and rising patient populations seeking joint reconstruction solutions.
Competitive Landscape
Key players present in the global hips & knees reconstructive market are employing various strategies, including acquisitions & mergers, collaborations, research & development (R&D) activities, and new product launches to gain a competitive edge. Meanwhile, some of the other key players are introducing new product lines into emerging markets to establish a dominant geographical position.
Some of the recent industry developments in the global market are:
- At the American Academy of Orthopedic Surgeons (AAOS) 2021 in August 2021, Zimmer Biomet announced new data, demonstrating the therapeutic advantages of mymobility with Apple Watch.
- In March 2022, Johnson & Johnson MedTech declared that DePuy Synthes, its orthopedics company, is including two new products, namely, the ATTUNE Medial Stabilized Knee System and the ATTUNE Cementless Fixed Bearing Knee with AFFIXIUM 3DP technology, in its kinematically advanced and proven ATTUNE portfolio.
Key Companies Profiled
Zimmer Biomet; DePuy Synthes; Smith & Nephew plc.; Stryker; MicroPort Scientific Corporation; B. Braun Melsungen AG; Exactech, Inc.; Limacorporate S.p.a.; CeramTec; ConforMIS
Key Segments Covered in Hips & Knees Reconstructive Market
By Product:
- Hip Reconstruction
- Total Hip Reconstruction Implants
- Metal-On-Polyethylene
- Metal-On-Metal
- Ceramic-On-Polyethylene
- Ceramic-On-Ceramic
- Others
- Partial Hip Reconstruction Implants
- Revision Implants
- Total Hip Reconstruction Implants
- Knee Reconstruction
- Total Knee Reconstruction Implants
- Partial Knee Reconstruction Implants
- Revision Implants
By Fixation:
- Cement
- Cementless
- Hybrid
By End User:
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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