The North America Joint Reconstruction Devices Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030).
Joint reconstruction or orthopedic implants refer to various medical devices designed to replace, restore, or augment joints within the human body. These devices are pivotal in orthopedic surgeries, contributing to managing conditions such as arthritis, fractures, and ligament injuries. Joint reconstruction can involve various anatomical sites, including the knee, hip, shoulder, and elbow, with each device tailored to the unique biomechanical requirements of the specific joint. The primary goal of these devices is to alleviate pain, enhance joint stability, and improve overall joint function.
The healthcare landscape has witnessed a paradigm shift in recent decades, with an increasing focus on enhancing the quality of life and restoring functionality to individuals facing musculoskeletal challenges. Among the pivotal advancements in medical technology, these devices have emerged as transformative solutions, revolutionizing the treatment of joint-related ailments. These devices play a crucial role in addressing a spectrum of conditions, ranging from degenerative diseases to traumatic injuries, offering patients a renewed lease on mobility and independence.
According to the Canadian Institute for Health Information, in 2023, total health expenditures in Canada are projected to increase by 2.8%, compared to a modest 1.5% increase in 2022. By 2023, Canadian health expenditures are projected to total $344 billion, or $8,740 per Canadian. By 2023, health-related expenses are projected to account for 12.1% of Canada's gross domestic product (GDP). Higher healthcare expenditure often translates to increased access to medical procedures, including joint reconstruction surgeries. As more resources are allocated to healthcare, there may be a rise in the number of patients able to undergo joint reconstruction procedures, driving demand for associated devices. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Joint Reconstruction Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,357 Million by 2030. The Canada market is experiencing a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2023 - 2030).
Free Valuable Insights: The Joint Reconstruction Devices Market is Predict to reach USD 36.9 Billion by 2030, at a CAGR of 5.2%
Based on Joint Type, the market is segmented into Knee, Hip, Shoulder, Ankle, and Others. Based on Technique, the market is segmented into Joint Replacement, Osteotomy, Arthroscopy, Resurfacing, Arthrodesis, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Stryker Corporation
- B.Braun Melsungen AG
- Zimmer Biomet Holdings, Inc.
- DePuy Synthes (Johnson & Johnson)
- Smith & Nephew PLC
- DJO Global (Enovis Corporation)
- Globus Medical, Inc.
- Wright Medical Group N.V.
- Exactech, Inc.
- United Orthopedic Corporation (Chi-Yi Investment Co. Ltd.)
North America Joint Reconstruction Devices Market Report Segmentation
By Joint Type
- Knee
- Hip
- Shoulder
- Ankle
- Others
By Technique
- Joint Replacement
- Osteotomy
- Arthroscopy
- Resurfacing
- Arthrodesis
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Joint Reconstruction Devices Market, by Joint Type
1.4.2 North America Joint Reconstruction Devices Market, by Technique
1.4.3 North America Joint Reconstruction Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Joint Reconstruction Devices Market, by Joint Type
4.1 North America Knee Market, by Country
4.2 North America Hip Market, by Country
4.3 North America Shoulder Market, by Country
4.4 North America Ankle Market, by Country
4.5 North America Others Market, by Country
Chapter 5. North America Joint Reconstruction Devices Market, by Technique
5.1 North America Joint Replacement Market, by Country
5.2 North America Osteotomy Market, by Country
5.3 North America Arthroscopy Market, by Country
5.4 North America Resurfacing Market, by Country
5.5 North America Arthrodesis Market, by Country
5.6 North America Others Market, by Country
Chapter 6. North America Joint Reconstruction Devices Market, by Country
6.1 US Joint Reconstruction Devices Market
6.1.1 US Joint Reconstruction Devices Market, by Joint Type
6.1.2 US Joint Reconstruction Devices Market, by Technique
6.2 Canada Joint Reconstruction Devices Market
6.2.1 Canada Joint Reconstruction Devices Market, by Joint Type
6.2.2 Canada Joint Reconstruction Devices Market, by Technique
6.3 Mexico Joint Reconstruction Devices Market
6.3.1 Mexico Joint Reconstruction Devices Market, by Joint Type
6.3.2 Mexico Joint Reconstruction Devices Market, by Technique
6.4 Rest of North America Joint Reconstruction Devices Market
6.4.1 Rest of North America Joint Reconstruction Devices Market, by Joint Type
6.4.2 Rest of North America Joint Reconstruction Devices Market, by Technique
Chapter 7. Company Profiles
7.1 Stryker Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 B. Braun Melsungen AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Zimmer Biomet Holdings, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Trials and Approvals:
7.3.5.2 Acquisition and Mergers:
7.3.6 SWOT Analysis
7.4 DePuy Synthes (Johnson & Johnson)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental & Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.5.2 Acquisition and Mergers:
7.4.6 SWOT Analysis
7.5 Smith & Nephew PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional and Segmental Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Acquisition and Mergers:
7.5.6 SWOT Analysis
7.6 DJO Global (Enovis Corporation)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.6 SWOT Analysis
7.7 Globus Medical, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Exactech, Inc.
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 United Orthopedic Corporation (Chi-Yi Investment Co. Ltd.)
7.9.1 Company Overview
7.9.2 SWOT Analysis
TABLE 1 North America Joint Reconstruction Devices Market, 2019 - 2022, USD Million
TABLE 2 North America Joint Reconstruction Devices Market, 2023 - 2030, USD Million
TABLE 3 North America Joint Reconstruction Devices Market, by Joint Type, 2019 - 2022, USD Million
TABLE 4 North America Joint Reconstruction Devices Market, by Joint Type, 2023 - 2030, USD Million
TABLE 5 North America Knee Market, by Country, 2019 - 2022, USD Million
TABLE 6 North America Knee Market, by Country, 2023 - 2030, USD Million
TABLE 7 North America Hip Market, by Country, 2019 - 2022, USD Million
TABLE 8 North America Hip Market, by Country, 2023 - 2030, USD Million
TABLE 9 North America Shoulder Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Shoulder Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Ankle Market, by Country, 2019 - 2022, USD Million
TABLE 12 North America Ankle Market, by Country, 2023 - 2030, USD Million
TABLE 13 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 14 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 15 North America Joint Reconstruction Devices Market, by Technique, 2019 - 2022, USD Million
TABLE 16 North America Joint Reconstruction Devices Market, by Technique, 2023 - 2030, USD Million
TABLE 17 North America Joint Replacement Market, by Country, 2019 - 2022, USD Million
TABLE 18 North America Joint Replacement Market, by Country, 2023 - 2030, USD Million
TABLE 19 North America Osteotomy Market, by Country, 2019 - 2022, USD Million
TABLE 20 North America Osteotomy Market, by Country, 2023 - 2030, USD Million
TABLE 21 North America Arthroscopy Market, by Country, 2019 - 2022, USD Million
TABLE 22 North America Arthroscopy Market, by Country, 2023 - 2030, USD Million
TABLE 23 North America Resurfacing Market, by Country, 2019 - 2022, USD Million
TABLE 24 North America Resurfacing Market, by Country, 2023 - 2030, USD Million
TABLE 25 North America Arthrodesis Market, by Country, 2019 - 2022, USD Million
TABLE 26 North America Arthrodesis Market, by Country, 2023 - 2030, USD Million
TABLE 27 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 28 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 29 North America Joint Reconstruction Devices Market, by Country, 2019 - 2022, USD Million
TABLE 30 North America Joint Reconstruction Devices Market, by Country, 2023 - 2030, USD Million
TABLE 31 US Joint Reconstruction Devices Market, 2019 - 2022, USD Million
TABLE 32 US Joint Reconstruction Devices Market, 2023 - 2030, USD Million
TABLE 33 US Joint Reconstruction Devices Market, by Joint Type, 2019 - 2022, USD Million
TABLE 34 US Joint Reconstruction Devices Market, by Joint Type, 2023 - 2030, USD Million
TABLE 35 US Joint Reconstruction Devices Market, by Technique, 2019 - 2022, USD Million
TABLE 36 US Joint Reconstruction Devices Market, by Technique, 2023 - 2030, USD Million
TABLE 37 Canada Joint Reconstruction Devices Market, 2019 - 2022, USD Million
TABLE 38 Canada Joint Reconstruction Devices Market, 2023 - 2030, USD Million
TABLE 39 Canada Joint Reconstruction Devices Market, by Joint Type, 2019 - 2022, USD Million
TABLE 40 Canada Joint Reconstruction Devices Market, by Joint Type, 2023 - 2030, USD Million
TABLE 41 Canada Joint Reconstruction Devices Market, by Technique, 2019 - 2022, USD Million
TABLE 42 Canada Joint Reconstruction Devices Market, by Technique, 2023 - 2030, USD Million
TABLE 43 Mexico Joint Reconstruction Devices Market, 2019 - 2022, USD Million
TABLE 44 Mexico Joint Reconstruction Devices Market, 2023 - 2030, USD Million
TABLE 45 Mexico Joint Reconstruction Devices Market, by Joint Type, 2019 - 2022, USD Million
TABLE 46 Mexico Joint Reconstruction Devices Market, by Joint Type, 2023 - 2030, USD Million
TABLE 47 Mexico Joint Reconstruction Devices Market, by Technique, 2019 - 2022, USD Million
TABLE 48 Mexico Joint Reconstruction Devices Market, by Technique, 2023 - 2030, USD Million
TABLE 49 Rest of North America Joint Reconstruction Devices Market, 2019 - 2022, USD Million
TABLE 50 Rest of North America Joint Reconstruction Devices Market, 2023 - 2030, USD Million
TABLE 51 Rest of North America Joint Reconstruction Devices Market, by Joint Type, 2019 - 2022, USD Million
TABLE 52 Rest of North America Joint Reconstruction Devices Market, by Joint Type, 2023 - 2030, USD Million
TABLE 53 Rest of North America Joint Reconstruction Devices Market, by Technique, 2019 - 2022, USD Million
TABLE 54 Rest of North America Joint Reconstruction Devices Market, by Technique, 2023 - 2030, USD Million
TABLE 55 Key Information – Stryker Corporation
TABLE 56 Key Information – B. Braun Melsungen AG
TABLE 57 Key Information – Zimmer Biomet Holdings, Inc.
TABLE 58 Key Information – DePuy Synthes
TABLE 59 Key Information – Smith & Nephew PLC
TABLE 60 Key Information – DJO Global
TABLE 61 Key Information – Globus Medical, Inc.
TABLE 62 Key Information – Exactech, Inc.
TABLE 63 Key Information – United Orthopedic Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Joint Reconstruction Devices Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Joint Reconstruction Devices Market
FIG 4 Porter’s Five Forces Analysis – Joint Reconstruction Devices Market
FIG 5 North America Joint Reconstruction Devices Market share, by Joint Type, 2030
FIG 6 North America Joint Reconstruction Devices Market share, by Joint Type, 2030
FIG 7 North America Joint Reconstruction Devices Market, by Joint Type, 2019 - 2030, USD Million
FIG 8 North America Joint Reconstruction Devices Market share, by Technique, 2022
FIG 9 North America Joint Reconstruction Devices Market share, by Technique, 2030
FIG 10 North America Joint Reconstruction Devices Market, by Technique, 2019 - 2030, USD Million
FIG 11 North America Joint Reconstruction Devices Market share, by Country, 2022
FIG 12 North America Joint Reconstruction Devices Market share, by Country, 2030
FIG 13 North America Joint Reconstruction Devices Market, by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Stryker Corporation
FIG 15 SWOT Analysis: B. Braun Melsungen AG
FIG 16 SWOT Analysis: Zimmer Biomet Holdings, Inc.
FIG 17 Swot Analysis: DePuy Synthes
FIG 18 SWOT Analysis: Smith & Nephew PLC
FIG 19 SWOT Analysis: DJO Global
FIG 20 SWOT Analysis: Globus Medical, Inc.
FIG 21 SWOT Analysis: Exactech, Inc.
FIG 22 SWOT Analysis: United Orthopedic Corporation