Orthopedic Joint Reconstruction Market Statistics 2030:
Orthopedic joint reconstruction is a surgery performed for the re-establishment of the architecture of a joint; this helps in re-instating the function of the joint. Orthopedic joint reconstruction ranges from minor repairs of joints to total joint replacement. The treatment options under orthopedic joint reconstruction can offer temporary & mild pain relief or permanent solutions to joint disorders such as osteoarthritis. Some of the most common orthopedic joint reconstruction surgeries include joint replacement surgery, osteotomy, arthroscopy, resurfacing surgery, arthrodesis, and small joint surgery.
Impact of COVID-19 on the Market
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Coronavirus disease 2019 (COVID-19) has created an economic crisis in addition to the healthcare crisis. COVID-19 pandemic has stretched the healthcare system worldwide; developed countries are expected to cause an economic recession. The pandemic has an adverse impact on the healthcare system, resulting in a 50–70% drop in revenue from March. Many small hospitals, clinics, and nursing homes have been forced to shut their operations. In addition, social distancing and localized curfews have resulted in delayed elective surgical procedures. Furthermore, visa cancellations have led to an interruption in medical tourism and can negatively impact the orthopedic joint reconstruction market growth.
Top Impacting Factors
Rise has been witnessed in the prevalence of symptomatic post-inflammatory arthritis and osteoarthritis. As these patients might need treatments such as orthopedic joint reconstruction, they are influencing the market positively.
Over time, the design and features of orthopedic joint reconstruction devices have been improved. The procedures are now minimally invasive and have a shorter recovery time, which escalate the market growth.
Increase in public health insurance establishments and rise in healthcare expenditure by the government further influence the orthopedic joint reconstruction market positively.
However, high cost of implants used in orthopedic joint reconstruction therapies along with a rise in alternative treatment options such as physiotherapy, acupuncture, medications, and prolotherapy are some of the key factors declining the growth of the orthopedic joint reconstruction market.
Top Market Trends
With rapid proliferation of internet, patients have started referring to online resources and web-based tools to avail information about orthopedic disorders—the most common being osteoarthritis and rheumatoid arthritis.
Joint reconstruction has witnessed the introduction of several online tools that help guide patients through their surgeries. These tools further helps patients connect with orthopedic surgeons and provide post-surgery rehabilitation information.
For instance, in 2018, Zimmer Biomet collaborated with Apple, Inc., for the development of an application called “Zimmer Biomet mymobility.” This application is used to connect care providers and patients undergoing knee hip replacement surgeries.
The orthopedic joint reconstruction market is dominated by North America, as leading manufacturing companies that manufacture orthopedic implants operate in this region. However, Asia-Pacific is expected to grow significantly during the forecast period, due to rise in demand for progressive healing treatments.
Key Benefits of the Report
- This study presents the analytical depiction of the orthopedic joint reconstruction industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the orthopedic joint reconstruction market share.
- The current market is quantitatively analyzed to highlight the orthopedic joint reconstruction market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed orthopedic joint reconstruction market analysis depending on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Global Orthopedic Joint Reconstruction Market Report
- Which are the leading players active in the orthopedic joint reconstruction market?
- How is each segment of the market expected to grow during ?
- What are the adoption trends for orthopedic joint reconstruction in emerging economies and established economies across the world?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is orthopedic joint reconstruction?
- What is the orthopedic joint reconstruction market prediction in the future?
- What are the current trends and predicted trends?
Orthopedic Joint Reconstruction Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Joint Type |
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 By Technique |
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 By Biomaterial |
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 By Region |
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 By End User |
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 Key Market Players | CeramTec Group, Biotech GmbH, Evolutis India Pvt. Ltd., BioMedtrix, Bettlach, Limacorporate S.p.a., Beijing Chunlizhengda Medical Instruments Co., Mathys Ltd, Johnson & Johnson Services Inc., Ltd., Corin, B. Braun Melsungen AG, Elite Surgical |
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