According to FutureWise analysis the market for joint reconstruction devices in 2023 is US$ 19.28 billion, and is expected to reach US$ 26.84 billion by 2031 at a CAGR of 4.22%.
The global orthopaedic devices sector includes a large portion of joint reconstruction. Arthritis, osteoporosis, gout, bone degenerative illnesses, and traumas are all common conditions that impact joints. A considerable majority of these illnesses are no longer restricted to the elderly. Sedentary lifestyles and poor dietary habits have made a huge percentage of the population vulnerable to these diseases. As a result, the market for joint reconstruction devices is predicted to expand as the population grows and people become more aware of the commercially available advanced technology. Physiotherapy, pain management, and surgery are among the treatments used in joint reconstruction. Physiotherapy, being the first-line of treatment, is widely employed in the primary management of joint disorders. Surgical methods, on the other hand, are frequently recommended as a long-term solution. In recent years, there has been a boom in demand for minimally invasive surgeries. Shorter turnaround times, shorter hospital stays, and patient and surgeon convenience are all factors increasing the need for minimally invasive surgeries. In recent years, technological innovations have played a significant influence in industry growth. Aside from developments in materials, designs, and imaging techniques, robotic-assisted operations are a significant advancement since they aid in the performance of a variety of challenging surgeries. This method has assisted in overcoming a stumbling block caused by a scarcity of competent surgeons.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Joint Reconstruction Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Joint Reconstruction Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.