According to the research report titled ‘Joint Reconstruction Devices Market Size By Joint Type, COVID19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global joint reconstruction devices market is slated to register noteworthy gains over the forecast period 2021-2027.
 

As per the report findings, factors such as rising geriatric population, and increasing incidence of orthopedic illnesses will drive global joint reconstruction devices market growth. Moreover, ongoing technological advancements, and rise in number of joint reconstruction surgeries are also expected to add substantial traction to industry remuneration.
 

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For the unversed, joint reconstruction is a surgical procedure that is essentially used to repair and restore complete function of a particular joint. It generally ranges from addressing minor physiological issues to total joint replacement, and can also provide permanent pain relief to several joint disorders.
 

Despite the positive outlook, high cost of devices, possible biocompatibility issues, strict regulatory framework, and post-surgical complications may hamper the market growth trajectory in the upcoming years.
 

Based on joint type, global joint reconstruction devices market is arrayed into knee replacement, hip replacement, ankle replacement, and shoulder replacement. Among these, shoulder replacement segment was worth USD 900 million in 2020 and is touted to garner a heathy growth rate over the forecast period. This can be attributed to increasing number of arthritis cases across the world. Moreover, the surgery is regarded to be one of the safest and most effective options for relieving shoulder pain and improving mobility.
 

On the geographical front, Middle East & Africa market was valued at USD 416 million in 2020 and is poised to grow at 6.9% CAGR over 2021-2027. This can be credited to rising awareness about joint reconstruction devices and surgeries across numerous countries in the region.
 

Speaking of the competitive landscape, Integra LifeSciences Corp., Globus Medical Inc., Exactech Inc., DJO LLC, Corin Group plc, CONMED Corp., Conformis Inc., Arthrex Inc., Amplitude SAS, ATEC Spine Inc., Allegra Orthopaedics Ltd., Aesculap Implant Systems LLC, aap Implantate AG, and Stryker Corp. are some of the prominent companies influencing worldwide joint reconstruction devices industry dynamics.