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The global small joint reconstructive implants market was valued at USD 7,743.2 million in 2018, which will grow at a CAGR of 5.1% during the forecast period.
Industry Insights by Type (Foot and Ankle, Hand and Wrist, Staple Fixation), by Material (Metal, Polymer), End-User (Hospitals, Ambulatory Surgical Centers (ASCs)), by Geography (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Japan, China, India, Australia, South Korea, Brazil, U.A.E, Saudi Arabia, South Africa, South Africa)
Globally, small joint reconstructive implants industry players are leveraging market growth through using the advanced technologies, acquiring firms with growth prospectus and collaborating with other players and distributors to gain an edge in the competition. Investment in R&D to develop better implants using biomaterials will bolster the growth of the global market.
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Hand and wrist category to remain the largest shareholder in the small joint reconstructive implants due to the increase in sports injuries
On the basis of Type, the global small joint reconstructive implants market is categorized into foot and ankle, hand and wrist, and staple fixation. The largest share in the market is held by the hand and wrist category primarily due to the increasing number of sports injuries and the advancements in the technology leading to the easy operability for hands and wrist.
Based on material, the small joint reconstructive implants market is segmented into metal and polymer. Among the two, metal has been the most commonly used material for reconstructive implants. However, the demand for polymer-based implants is also increasing at a considerable rate as polymer implants are easier to manufacture depending on their use.
Based on end-user, the small joint reconstructive implants market is segmented into hospitals and ambulatory surgical centers. The hospital remains the largest stakeholder in the small joint reconstructive implants as most of these surgeries are performed in hospitals. On the other hand, ASCs are gradually gaining traction for these surgeries as these centers tend to save cost and are improving health outcomes for the patients as compared to the inpatients.
Geographically, North America has accounted for the largest share in energy-based aesthetic devices market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of industry players and also has the highest healthcare expenditure globally. Moreover, high disposable income in the region leads to high out of pocket expenditure by consumers in North America especially in the U.S. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period as the region comprises of largest population and the awareness for these devices is increasing rapidly among them.
Some of the key players operating in the global small joint reconstructive implants market are Stryker Corporation, DePuy Synthes Companies, DJO Global Inc. Zimmer Biomet Holdings Inc., Orthofix Medical Inc., Smith & Nephew plc, Wright Medical Group N.V., Arthrex Inc., Integra LifeSciences Holdings Corporation, Exactech Inc., and Acumed LLC.
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In the primary data collection process, there are several sources interviewed in order to obtain precise quantitative and qualitative information for this study. The primary sources those are included for the data collection of this study comprises of manufacturers, commercial growers, industry consultants and others key industry experts. There are several others sources that helped in gaining insightful information about this market are CEOs, marketing and sales directors, vice presidents, and key opinion leaders from various key companies operating in the global small joint reconstructive implants market. Primary research in this report has been conducted for estimating market size, market dynamics and strategies adopted by the key players in this market.
Secondary sources referred for this research report includes association for small joint reconstructive implants, business filings such as financial statements, annual reports, investor presentations and trade associations. The secondary data has been used for estimating overall market size and growth of small joint reconstructive implants market that has been authenticated with the supporting facts gathered through primary data collection.
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Global Small Joint Reconstructive Implants Market Coverage
Type Insight and Forecast 2014-2024
Material Insight and Forecast 2014-2024
End-User Insight and Forecast 2014-2024
Small Joint Reconstructive Implants Market by Region
Rest of the World (RoW)
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