Joint reconstruction devices market growth outlook with industry review and forecasts 2021-2027

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Joint Reconstruction Devices Market Trends
Research And Projections For 2021- 2027

• A research study conducted by Global Market
  Insights, Inc., suggests that joint
  reconstruction devices market is likely to exceed
  the 25.3 billion mark by 2027, in terms of
  revenue. According to the NCBI (National Centre
  for Biotechnology Information), knee replacement
  surgeries have been confirmed as the most
  effective intervention that help in the reduction
  of knee pain and the promotion of physical
  function in patients having rheumatoid arthritis.
  
• Furthermore, osteoporosis stands as one of the
  ten most prevalent diseases with almost 80 of
  the diagnosed population facing limitations in
  movement and more than 25 not being able to
  complete their regular activities. While shoulder
  replacement is chiefly recommended by a doctor in
  the instance of severe shoulder osteoarthritis,
  the increasing performance of these surgeries is
  projected to propel joint reconstruction devices
  market share through 2027.

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• While the launch of such initiatives is expected
  to impel the penetration of joint reconstruction
  procedures over the coming years, hip replacement
  devices are likely to stand as a major growth
  inducing segment. These devices recorded a share
  of over USD 6.7 billion in 2020 and are poised to
  grow at a substantial rate of 4.0 between 2021
  and 2027.

• The market growth is also ascribed to a host of
  other drivers such as the surging prevalence of
  orthopedic disorders comprising rheumatoid
  arthritis and osteoarthritis. Numerous reports
  underscore that the incidence of rheumatoid
  arthritis is escalating with age and peaking
  within the age group of 35-50 years.

• In fact, it would not be wrong to state that
  Zimmer Biomets revolutionary move comes on heels
  of a new survey conducted in the U.S which
  reports that over 48 of joint reconstruction
  surgery candidates opted for postponement of
  their treatment during 2020, fearing the
  increasing cases of COVID-19 pandemic.

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• Regional Analysis

• It is to be noted that, as per estimations,
  nearly 30 of the population in Brazil is slated
  to be represented by elderly people, which will
  help in boosting industry growth. In addition,
  factors like lack of physical activity and rising
  government initiatives for spreading awareness
  regarding the treatment of orthopedic diseases
  will fuel joint reconstruction devices market
  growth in Brazil.

• Competitive Analysis

• The key players operating in the global joint
  reconstruction devices Stryker, Medtronic, Zimmer
  Biomet, DJO Global, ConforMIS, Smith Nephew,
  NuVasive, MicroPort Scientific Corporation,
  Globus Medical, Medacta, and Waldemar LINK

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Devices Market _at_ https//www.gminsights.com/indust
ry-analysis/joint-reconstruction-devices-market
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