The number of younger aged patients in need of revision and partial joint replacement procedures are expected to influence the growth of global joint reconstruction market. A broadening patient base, which includes younger patients below 55 years of age and elderly patients exceeding the age of 80, are anticipated to increase the demand of hip and knee replacement procedures.
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Knee replacement procedures are expected to grow at a faster rate, than hip replacement procedures because of the increasingly active aging population. Although shoulder and small joint replacement procedures are low in numbers, but they are expected to grow at a higher growth rate than the other segments, due to the increasing awareness and availability of cost-effective procedure options in joint replacement.
Joint reconstruction is a method in which an injured or dysfunctional joint or tissue is substituted by an artificial prosthesis. Artificial prostheses include materials such as, comprising plastics, metals and ceramics. The general types of joint replacement procedures include, digit replacement, ankle replacement, hip replacement, elbow replacement, knee replacement, shoulder replacement and elbow replacement.
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The global joint reconstruction market can be categorized into hip Implants, knee Implants, and trauma and extremities (such as wrists, ankles, shoulders and elbows). The joint reconstruction market accounts for the largest share in the orthopedic devices market. The high rate of obesity among people has a high impact on growth of the joint reconstruction market. Obesity is the main cause of knee arthritis resulting in weakening of an individual's health and excessive fat accumulation. People in the highest group of body weight are at up to ten times the risk of developing knee osteoarthritis, than those in the lowest group.
DePuy Synthes, Smith & Nephew PLC, Stryker, Tornier, Inc., Wright Medical Technology, Inc. and Zimmer Biomet Holdings, Inc. are some of the major competitors in the global joint reconstruction market.