The Worldwide Joint Reconstruction Devices Market is Projected to reach USD 36.9 Billion by 2030, at a CAGR of 5.2%

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Joint Reconstruction Devices Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Joint Reconstruction Devices Market size is expected to reach $36.9 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.

The Knee segment led the Global Joint Reconstruction Devices Market, by Joint Type in 2022; thereby, achieving a market value of $15.2 Billion by 2030. In total knee replacement, joint reconstruction involves replacing the entire knee joint with artificial components. The prosthetic components typically include a femoral component, a tibial component, and a patellar component. These components can be made from metal alloys, ceramics, and polyethylene. Joint reconstruction devices for the knee are designed to mimic the realistic contours and movements of the knee joint's articular surfaces. This is essential for restoring normal biomechanics and facilitating a more natural range of motion.

The Joint Replacement segment is growing at a CAGR of 4.4 % during the forecast period. Joint reconstruction devices are designed to mimic the natural movement and function of the joint they replace. These devices aim to alleviate pain and improve the patient's overall life grade by restoring the normal range of motion and function. Joint replacement devices typically comprise biocompatible materials such as metals, ceramics, and polymers. These materials are chosen for their durability, compatibility with the human body, and ability to withstand the stresses of daily activities.

Full Report: https://www.kbvresearch.com/joint-reconstruction-devices-market/

The North America region dominated the Global Joint Reconstruction Devices Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14.5 Billion by 2030. The Europe region is anticipated to grow at a CAGR of 4.9% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 6.2% during (2023 - 2030).

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.)

Joint Reconstruction Devices Market Report Segmentation

By Joint Type

Knee
Hip
Shoulder
Ankle
Others

By Technique

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA