Joint reconstruction devices market to exceed $21.5B by 2024: 5 details

Mackenzie Garrity -   Print  |

The joint reconstruction devices market is projected to surpass $21.5 billion by 2024, according to a Global Market Insights report.

Five details:

1. The increase of joint replacement procedures in North America will drive the market in the forecast period. Currently, Americans account for 85 percent of the total joint reconstruction and replacement market.

2. As the geriatric population in Asia Pacific countries grows, there will be greater demand for joint reconstruction devices, boosting the market.

3. Within the joint reconstruction devices market, hip replacement reconstruction devices were valued at more than $6.6 billion in 2017. This number is expected to grow during the forecast period.

4. Through 2024 the shoulder replacement reconstruction devices market is estimated to grow at a 3.6 percent compound annual growth rate.

5. Key market players include Stryker, Zimmer Biomet, Medtronic, Smith & Nephew and DePuy Synthes.

More articles on devices and implants:
SpineSource acquires assets to 2 spinal implant systems: 4 key notes
BioPoly receives European patient for partial resurfacing implant: 3 notes
Shift to outpatient setting drives global orthopedic implants market — 5 insights

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