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Small Joint Reconstructive Implants Market to Reach $10.1 Billion by 2024

Small Joint Reconstructive Implants Market to Reach $10.1 Billion by 2024

Published: July 2019

The global small joint reconstructive implants market is expected to generate $10.1 billion revenue by 2024, advancing at a CAGR of 5.5%, during the forecast period. Factors driving the growth of the market include increasing incidences of arthritis, surging geriatric population, and increasing prevalence of osteoporosis, according to P&S Intelligence.

Insights into Market Segments

Based on type, the small joint reconstructive implants market is categorized into hand and wrist, foot and ankle, staple fixation, and others. As hands and wrists are highly prone to injuries due to accidents and various sports; therefore, the category holds the largest share in the market.

On the basis of material, the small joint reconstructive implants market is classified into metal and polymer. Implants made of polymers are biocompatible and rarely lead to side-effects or infections in patients. Due to these advantages of polymeric implants, this category is expected to advance at a faster CAGR of 5.7% during the forecast period. However, the metallic implants category would lead the market throughout the forecast period, owing to low cost compared to polymer-based implants.

Based on end user, the small joint reconstructive implants market is bifurcated into hospitals and ambulatory surgical centers (ASCs). Of these, hospitals are expected be larger end-user category in the market, thriving at a CAGR of 5.4%, during the forecast period. This is due to large number of patients with joint related-issues and increasing number of osteopathic surgeries being performed in hospitals, globally.

Asia-Pacific (APAC) Small Joint Reconstructive Implants Market to Observe the Highest Growth in the Coming Years

The small joint reconstructive implants market in APAC is expected to witness lucrative growth, witnessing a CAGR of 6.1% during the forecast period. The market in APAC is led by factors such as sedentary lifestyle, unhealthy eating habits, and rising number of orthopedic surgeries in the region.

Further, the APAC countries are populous, and there are many incidences of road accidents reported in the region. According to the WHO, the road traffic injuries are a leading cause of deaths among people aged between 15 and 44 in China. Furthermore, the incidence of road accidents has been constantly increasing in India as well. These boost the demand for small joint reconstructive implants. Also, the presence of regional players contributing to the growth of the small joint reconstructive implants market.

Browse report overview with 135 tables and 50 figures spread through 163 pages and detailed TOC on "Small Joint Reconstructive Implants Market Research Report: By Type (Hand and Wrist, Foot and Ankle, Staple Fixation), Material (Metal, Polymer), End-User (Hospitals, Ambulatory Surgical Centers) – Regional Insight (U.S., Canada, Germany, France, U.K., China, Japan, Brazil, Mexico, Saudi Arabia, South Africa) – Global Industry Analysis and Demand Forecast to 2024" at:https://www.psmarketresearch.com/market-analysis/small-joint-reconstructive-implants-market

Small Joint Reconstructive Implants Market Competitive Landscape

The small joint reconstructive implants market is consolidated in nature. Smith & Nephew plc, Integra LifeSciences Holdings Corporation, DePuy Synthes, Zimmer Biomet Holdings Inc., Stryker Corporation, Orthofix Medical Inc., Wright Medical Group N.V., Arthrex Inc., Acumed LLC, Exactech Inc., and DJO Global Inc. are some of the major players in the market. These companies are adopting product launches, as a key strategy, to maintain their leading position in the market.

For instance, in July 2018, Wright Medical Group N.V. announced the launch of PROstep, minimally invasive surgery system. The PROstep system is designed for foot and ankle surgery, and is intended to provide a minimally invasive, procedurally integrated solution that features specifically designed implants and instrumentation for percutaneous surgery of the foot.

SMALL JOINT RECONSTRUCTIVE IMPLANTS MARKET SEGMENTATION

Market Segmentation by Type

Hand and Wrist
Foot and Ankle
Staple Fixation
Others

Market Segmentation by Material

Metal
Polymer

Market Segmentation by End User

Hospitals
Ambulatory Surgical Centers (ASCs)

Market Segmentation by Geography

North America Small Joint Reconstructive Implants Market
- By type
- By material
- By end user
- By country – U.S. and Canada
  - U.S. small joint reconstructive implants market
    - By type
    - By material
    - By end user
  - Canada small joint reconstructive implants market
    - By type
    - By material
    - By end user
Europe Small Joint Reconstructive Implants Market
- By type
- By material
- By end user
- By country – Germany, France, U.K., and Rest of Europe
  - Germany small joint reconstructive implants market
    - By type
    - By material
    - By end user
  - France small joint reconstructive implants market
    - By type
    - By material
    - By end user
  - U.K. small joint reconstructive implants market
    - By type
    - By material
    - By end user
Asia-Pacific (APAC) Small Joint Reconstructive Implants Market
- By type
- By material
- By end user
- By country – China, Japan, and Rest of APAC
  - China small joint reconstructive implants market
    - By type
    - By material
    - By end user
  - Japan small joint reconstructive implants market
    - By type
    - By material
    - By end user
Latin America (LATAM) Small Joint Reconstructive Implants Market
- By type
- By material
- By end user
- By country – Brazil, Mexico, and Rest of MEA
  - Brazil small joint reconstructive implants market
    - By type
    - By material
    - By end user
  - Mexico small joint reconstructive implants market
    - By type
    - By material
    - By end user
Middle East and Africa (MEA) small joint reconstructive implants market
- By type
- By material
- By end user
- By country – Saudi Arabia, South Africa, and Rest of MEA
  - Saudi Arabia small joint reconstructive implants market
    - By type
    - By material
    - By end user
  - South Africa small joint reconstructive implants market
    - By type
    - By material
    - By end user