Joint Reconstruction Devices Market Size, Share & Trends Analysis Report By Technique (Joint Replacement, Osteotomy, Arthroscopy, Resurfacing,), By Joint (Knee, Hip, Shoulder, Ankle), By Region, And Segment Forecasts, 2024 - 2030

Joint Reconstruction Devices Market Trends

The global joint reconstruction devices market size was valued at USD 27.46 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030. Aging global population, coupled with an increase in the prevalence of arthritis and other joint-related disorders, has heightened the demand for joint reconstruction procedures. According to the CDC, between 2019 and 2021, approximately 1 in 5 U.S. adults (21.2%), or around 53.2 million people, were diagnosed with arthritis. Advances in medical technology, including the development of minimally invasive surgical techniques and improved implant materials, have also contributed to market expansion. Furthermore, rising awareness about the benefits of early surgical intervention and increased healthcare spending in developing regions are anticipated to fuel further growth in the coming years.

The factors driving growth in the market include demographic shifts and technological advancements. The aging population is particularly significant; as life expectancy increases, so does the incidence of joint degeneration and osteoarthritis, necessitating more joint replacement surgeries. For instance, in February 2024, Materialise introduced a fully personalized TMJ Total Arthroplasty System designed for patients needing total temporomandibular joint (TMJ) replacement. This innovative solution integrates implants, guides, and digital planning into a cohesive package, offering a streamlined, patient-specific TMJ treatment, all provided by a single company. Additionally, technological innovations such as 3D printing, robotics, and smart implants have improved the precision and outcomes of joint reconstruction surgeries. These innovations not only enhance the quality of life for patients but also reduce recovery times and the likelihood of complications, making surgical options more attractive.

In addition, the expansion of healthcare infrastructure in emerging markets is a crucial driver of the market. As developing regions invest in their healthcare systems, access to advanced medical treatments, including joint reconstruction surgeries, is improving. This expansion is coupled with rising healthcare spending and increased adoption of health insurance, making these procedures more accessible and affordable for a larger population. Consequently, the market is witnessing significant growth in these regions, contributing to the overall market expansion.

Furthermore, rising awareness about the benefits of early surgical intervention for joint disorders is also fueling market growth. Patients and healthcare providers are becoming more knowledgeable about the advantages of timely joint reconstruction surgeries, which can prevent further deterioration and improve long-term mobility and quality of life. This awareness is driving more patients to opt for surgical solutions earlier in the course of their disease, thereby increasing the demand for joint reconstruction devices.

Market Concentration & Characteristics

The market is marked by a high degree of innovation, featuring advancements such as 3D printing, robotic-assisted surgeries, and smart implants. These technologies enhance precision, improve patient outcomes, and reduce recovery times, significantly advancing the effectiveness and attractiveness of joint reconstruction procedures.

Regulations significantly impact the market for joint reconstruction devices by ensuring safety and efficacy standards, but they also introduce challenges such as lengthy approval processes and high compliance costs. Strict regulatory requirements can delay the introduction of new products and increase development expenses. However, these regulations are crucial for maintaining patient safety and fostering trust in medical devices, ultimately benefiting the market in the long run.

M&A activities in the market are high, reflecting strategic efforts to expand market share and enhance product offerings. For instance, in December 2023, Stryker acquired Serf Sas's joint replacement business. This acquisition is expected to drive Stryker’s European operations and enhance its joint replacement portfolio.

Product expansion in the market is robust, with companies continuously innovating to meet increasing demand. For instance, in August 2022, Exactech, known for its development and production of innovative implants, instrumentation, and smart technologies for joint replacement surgery, reported the successful completion of initial surgeries using the Spartan Stem and Logical Cup System for total hip arthroplasty. These expansions cater to diverse patient needs, from minimally invasive procedures to complex joint replacements, ensuring comprehensive solutions and driving competitiveness in the market.

The global expansion level in the joint reconstruction devices market is substantial, driven by increasing demand for advanced surgical solutions worldwide. These efforts aim to penetrate emerging markets and strengthen existing footholds in developed regions. By broadening their distribution networks and localizing product offerings, companies seek to capitalize on diverse healthcare needs and opportunities for growth globally.

Technique Insights

The joint replacement segment held the largest share of 31.9% in 2023, driven by technological advancements and increasing adoption of joint replacement surgeries in hospitals. Innovations such as 3D printing, robotic-assisted surgeries, and smart implants have revolutionized joint replacement procedures, enhancing precision, improving patient outcomes, and reducing recovery times. For instance, in February 2024, SIMS Hospital's Asian Orthopaedic Institute (AOI) launched a novel ceramic knee replacement system. Hospitals are increasingly integrating these advanced technologies to offer more effective and less invasive treatment options, attracting a higher number of patients seeking joint replacement surgeries.

The arthroscopy segment is projected to grow fastest in the coming years largely attributed to advancements in technology and digital innovation. These developments have facilitated easier access to arthroscopic procedures online, offering healthcare providers and patients streamlined information and consultations. For instance, in January 2024, Arthrex, a player in minimally invasive surgical technology and surgical education, unveiled TheNanoExperience.com, a new patient-oriented resource platform. This platform emphasizes Nano arthroscopy, an advanced orthopedic procedure known for minimal invasiveness, potentially enabling swift recovery and reduced discomfort. Technological advancements, such as enhanced imaging capabilities and minimally invasive techniques, are driving this growth by improving surgical precision and patient outcomes.

Joint Insights

The knee segment held the largest share of 45.7% in 2023, driven by various factors, including technological advancements, demographic trends, and evolving patient preferences. For instance, in May 2024, Exactech, a global medical technology company, introduced an advanced iteration of its ligament-driven balancing technology. This innovation includes the latest ExactechGPS software, designed to facilitate personalized surgical planning and align with contemporary alignment strategies for total knee replacement procedures. This segment focuses on addressing knee joint issues through surgical interventions ranging from partial to total knee replacements, catering to a wide spectrum of patient needs and conditions.

The shoulder segment is expected to grow at a significant rate over the forecast period. The factors such as improved healthcare access, including insurance coverage, availability of specialized surgeons, and well-equipped medical facilities, make shoulder surgery more accessible to a larger portion of the population. Innovations such as minimally invasive procedures, advanced imaging techniques, and the development of customizable implants are enhancing surgical precision and patient outcomes. For instance, in April 2024, Kokilaben Dhirubhai Ambani Hospital introduced the Arthrex Modular Glenoid System featuring Virtual Implant Positioning (VIP) for shoulder replacement surgery in India. These technological advancements are expanding treatment options for shoulder joint disorders, addressing diverse patient needs and driving competitiveness among medical device manufacturers in the global market.

Regional Insights

North America joint reconstruction devices market dominated the overall global market and accounted for the 45.8% revenue share in 2023, driven by the rising prevalence of arthritis. According to the CDC, in 2022, 18.9% of adults had diagnosed arthritis, with women (21.5%) more affected than men (16.1%) in U.S. This increasing arthritis prevalence underscores the growing demand for joint reconstruction devices, as more individuals seek medical solutions to manage and alleviate their joint pain and improve their quality of life.

U.S. Joint Reconstruction Devices Market Trends

The U.S. joint reconstruction devices market held a significant share of North America market in 2023, due to increasing demand for joint reconstruction procedures. For instance, approximately 790,000 total knee replacements and 544,000 hip replacements are performed annually in the U.S. This surge is driven by the rising prevalence of arthritis and an aging population. As more individuals seek to alleviate joint pain and improve mobility, the need for advanced joint reconstruction devices escalates. This trend highlights the market's expansion and the critical role of medical innovation in enhancing patient outcomes.

Europe Joint Reconstruction Devices Market Trends

The Europe joint reconstruction devices market is experiencing significant growth, fueled by the increasing prevalence of conditions such as psoriasis. A Medscape report published in March 2024 estimates that psoriasis affects roughly 6.4 billion individuals affected across Europe. As more individuals suffer from joint issues associated with this chronic skin condition, the demand for joint reconstruction procedures rises. This trend highlights the growing need for advanced medical devices to manage joint pain and improve mobility, driving market growth in the region.

The UK joint reconstruction devices market is one of the major markets in the region, experiencing notable growth, driven by an aging population and increased incidence of joint disorders. Key market players are leading this expansion by innovating and introducing advanced joint reconstruction solutions. This growth reflects the rising demand for effective treatments to improve mobility and quality of life for individuals with joint conditions.

The joint reconstruction devices market in Germany is witnessing notable growth, propelled by an aging population and the increasing prevalence of rheumatoid arthritis. A February 2024 report by the Scandinavian Journal of Rheumatology projects that the total number of rheumatoid arthritis cases in Germany will increase to 284,000 by 2040, representing a 38% relative rise from 2015 to 2040. As more elderly individuals and those with rheumatoid arthritis seek effective treatments, the demand for advanced joint reconstruction solutions rises. This trend is driving market expansion and innovation, with key players continuously developing new devices to enhance patient mobility and quality of life.

Asia Pacific Joint Reconstruction Devices Market Trends

The Asia Pacific joint reconstruction devices marketis experiencing the fastest growth driven by an aging population, increasing prevalence of joint disorders, and rising healthcare expenditure. Advances in medical technology and increased awareness of joint health are also contributing to the market's expansion. As more patients seek effective treatments for joint pain and mobility issues, the demand for joint reconstruction devices continues to surge across the region.

The China joint reconstruction devices market is driven by the increasing number of joint replacement surgeries. Factors such as an aging population, rising prevalence of joint disorders, and improvements in healthcare infrastructure contribute to this trend. As more patients opt for joint replacement procedures to alleviate pain and enhance mobility, the demand for advanced joint reconstruction devices continues to rise in China.

The joint reconstruction devices market in Japan is experiencing substantial growth, fueled by technological advancements and an aging population. Innovations in medical technology, such as minimally invasive surgical techniques and enhanced implant materials, are driving the market forward. For instance, in May 2024, OrthAlign, Inc., an innovator in surgical technology, announced the launch of its flagship product, Lantern, in Japan. Lantern is designed for use in total, partial, and revision knee arthroplasty procedures. As these advancements improve surgical outcomes and recovery times, the demand for joint reconstruction devices continues to increase, addressing the needs of Japan's growing elderly population with joint disorders.

Latin America Joint Reconstruction Devices Market Trends

The Latin America joint reconstruction devices marketis experiencing notable growth, driven by an aging population and increasing incidence of joint problems. As the elderly population rises, so does the prevalence of conditions such as arthritis, leading to greater demand for effective joint reconstruction solutions. This trend is propelling market expansion and encouraging innovations to meet the needs of patients seeking to improve their mobility and quality of life.

The Brazil joint reconstruction devices market is experiencing significant growth driven by an increase in joint surgery procedures. Factors such as a rising elderly population and higher incidence of joint disorders are contributing to this surge. As more patients seek surgical solutions for joint issues, demand for advanced reconstruction devices continues to rise.

MEA Joint Reconstruction Devices Market Trends

The joint reconstruction devices market in MEA is experiencing growth, driven by an aging population and the rising number of surgical hospitals. As the elderly population increases, so does the prevalence of joint disorders, leading to higher demand for reconstruction procedures. The expansion of surgical hospitals further supports this market growth by providing more access to advanced medical treatments.

Key Joint Reconstruction Devices Company Insights

The competitive scenario in the market is highly competitive, with key players holding significant positions. The major companies are undertaking various strategies such as new product developments, collaborations, acquisitions, mergers, and regional expansions to serve the unmet needs of their customers. In 2023, Zimmer Biomet Holdings, Inc. acquired Embody, Inc. a company developing soft tissue healing technologies. Through this acquisition, Zimmer Biomet strengthened their product portfolio & capabilities in sports medicine and joint

reconstruction, especially in the tendon repair segment. Similarly, Smith & Nephew acquired Engage Surgical in 2024 to strengthen its product offerings in knee reconstruction segment.  

Recent Developments

• In February 2024, Smith+Nephew, a global medical technology company, launched its AETOS Shoulder System for full commercial availability in the U.S. Additionally, it has received 510(k) clearance for its integration with 3D Planning Software for total shoulder arthroplasty.

• In February 2024, AddUp, a global OEM specializing in metal additive manufacturing, and Anatomic Implants announced their collaboration to submit a 510(k) joint type for the world’s inaugural 3D-printed toe joint replacement.

• In January 2024, Bruker Corporation acquired Chemspeed Technologies, a company specializing in vendor-agnostic automated laboratory R&D. Chemspeed focuses on modular automation and robotics solutions for pharmaceutical drug formulation. Strategic acquisitions enable firms to access new markets, augment their R&D capabilities, and strengthen their competitive positions in the rapidly evolving landscape of laboratory automation and robotics.

• In February 2024, THINK Surgical, Inc., revealed a new partnership with Waldemar Link of Germany, known for its groundbreaking joint replacement solutions. Under this partnership, THINK Surgical will integrate the LinkSymphoKnee System into THINK Surgical's ID-HUB.

Joint Reconstruction Devices Market Report Scope

Global Joint Reconstruction Devices Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the joint reconstruction devices market report on the basis of technique, joint and region.

• Joint Reconstruction Devices Technique Outlook (Revenue, USD Billion; 2018 - 2030)

  • Joint replacement

  • Osteotomy

  • Arthroscopy

  • Resurfacing

  • Arthodesis

  • Others

• Joint Reconstruction Devices Joint Outlook (Revenue, USD Billion; 2018 - 2030)

  • Knee

  • Hip

  • Shoulder

  • Ankle

  • Others

• Joint Reconstruction Devices Regional Outlook (Revenue, USD Billion; 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Norway

    • Denmark

    • Sweden

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Argentina

    • Mexico

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait