Global Joint Reconstruction Devices and Equipment Market Report 2022

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Major players in joint reconstruction devices and equipment market are Smith & Nephew, Stryker, Zimmer Biomet, B. Braun Melsungen, Wright Medical Group, DePuy Synthes, Johnson & Johnson, Aesculap Implant Systems Inc and Arthrex Inc.

New York, May 13, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Joint Reconstruction Devices And Equipment Global Market Report 2022” – https://www.reportlinker.com/p06277212/?utm_source=GNW

The global joint reconstruction devices and equipment market is expected to grow from USD 11.84 billion in 2021 to USD 12.98 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The market is expected to reach $17.6 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%.

The joint reconstruction devices and equipment market consists of sales of joint reconstruction devices and equipment and related services. Joint reconstruction devices and equipment are used in joint reconstruction procedures.

The main product types of joint reconstruction devices and equipment are knee reconstruction devices, hip reconstruction devices and extremity reconstruction devices. Hip reconstruction devices are medical devices intended to restore mobility and relieve pain associated with arthritis and other hip diseases or injuries.

The various applications concerned are arthrodesis, arthroscopy, joint replacement surgery, osteotomy, resurfacing surgery and minor joint surgery. The different end users are hospitals, orthopedic clinics and outpatient surgery centers.

North America was the largest region in the joint reconstruction devices and equipment market in 2021. Asia-Pacific was the second largest region in the joint reconstruction devices and equipment market.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The presence of a large number of patients with joint reconstruction diseases is driving the market. Patients prefer joint replacement therapy over other treatments for joint disease, due to increased safety and reliability.

The increase in joint reconstruction diseases such as osteoarthritis, knee and hip injuries, road accidents, cartilage and labrum injuries are increasing the number of patients. For example, osteoarthritis is a common joint disorder that primarily affects the geriatric population across the world.

According to the Arthritis Foundation, approximately 67 million people are expected to suffer from arthritis by 2030. This increase in the number of joint disease patients is driving the market demand for joint reconstruction devices and equipment, significantly impacting the growth of the market.

The market for joint reconstruction devices and equipment is constrained due to the high rate of product recalls. , mislabeling issues, quality issues and others, thus affecting the growth of the market.

For example, DePuy had to recall several of its Attune knee replacement systems, due to safety concerns. Likewise.

Similarly, Zimmer Biomet, a US-based medical device company, recalled its 5 products related to the Oxford product line due to storage and segregation issues. The recalled product line included the Oxford Partial Knee System Right and Left Medial Tibial Tray (in various sizes), and the Oxford Unicompartmental Knee Phase 3 Tibial Impactor.

This high recall rate affects the sales of joint reconstruction devices and hinders the growth of the market.

Joint reconstruction device companies are increasingly investing in 3D printing technology due to its significant improvement over traditional joint reconstruction surgery. This technique is used for bone reconstructions as base before surgical plan so that the patient can get an MRI or preoperative scanner.

These features are particularly beneficial to patients in terms of safety concerns, which can affect adherence to treatment regimens. For example, in 2019, Conformis, a US-based knee implant developer and manufacturer, launched a hip implant using 3D printing technology to patient specifications.

Joint reconstruction devices and equipment are class III devices that fall under the orthopedic devices market and the manufacture of orthopedic devices is controlled by regulatory agencies such as the United States Food and Drug Administration (FDA). For example, under the Federal Food, Drug and Cosmetic Act. (FFDCA), all medical device manufacturers must register their facilities and list their devices with the US FDA, and follow general screening requirements.

Manufacturers can obtain pre-market approval through 2 methods. The first method is to conduct clinical studies and submit a Premarket Approval (PMA) application that includes evidence that provides reasonable assurance that the device is safe and effective.

The other method is to submit a 510(k) notification demonstrating that the device is substantially equivalent to a device already on the market (a predicate device) that does not require PMA.

In March 2019, Exactech, an American developer, manufacturer and distributor of orthopedic implant devices, related surgical instruments and biological services, acquired XpandOrtho for an undisclosed amount. This acquisition should improve the ExactechGPS® computer-assisted surgery system using XpandOrtho. Technology.

XpandOrtho is an American designer of soft tissue balancing instruments for knee replacement surgery.

The countries covered in the joint reconstruction devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK , the United States and Australia.
Read the full report: https://www.reportlinker.com/p06277212/?utm_source=GNW

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CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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