Global Large Joint Reconstruction Market is Rising due to Lifestyle and Aging

VANCOUVER, British Columbia - Aug. 8, 2024 - PRLog -- iData Research, a leading international market research firm, proudly announces the release of its detailed report on the Global Large Joints market. The full report suite on the global market for orthopedic large joint devices includes knee reconstruction devices, hip reconstruction devices and bone cement.

In 2023, the overall global orthopedic large joint device market, which includes hip and knee replacements as well as associated accessories, such as bone cement, experienced moderate growth. The overall market is anticipated to grow modestly over the forecast period.

As the patient age for knee replacement expands to include younger populations, the need for more robust and longer-lasting implants will increase. Additionally, demand for custom arthroplasty solutions is expected to increase over the forecast period. Many advancements in implant technology have taken place over the past several years, including computer-aided manufacturing (CAD/CAM) as well as data obtained from magnetic resonance (MR) and computed tomography (CT) images to custom design implants according to the anatomical needs of patients. The use of additive manufacturing technology, or 3D printing, in the orthopedic industry is also gaining popularity.

Key highlights from iData's report include:

Robust Market Expansion: Overall, the global orthopedic large joint device market was valued at over $20.5 billion in 2023. This is expected to increase over the forecast period to reach over $25.7 billion.

Competitive Landscape: In 2023, Zimmer Biomet led the global orthopedic large joint device market, driven by its Persona® The Personalized Knee System and Oxford® Partial Knee in knee reconstruction, and its Taperloc® Hip System, Arcos® Modular Hip System, and G7® Acetabular System in hip reconstruction. Stryker, the second-leading competitor, excelled in the bone cement market with its Simplex P™ brand and offered innovative solutions like the Mako™ Total Hip Replacement. DePuy Synthes, ranked third, expanded its portfolio with the Attune® Knee revision options, maintaining a strong market position through continued product development.

Dr. Kamran Zamanian, CEO and Senior Partner at iData Research, notes, "The global demand for orthopedic large joint reconstruction is rising, driven by an aging population and increased rates of active lifestyles. This growing need is expected to fuel the expansion of the large joint device market."

For more details or to purchase the report, please visit the following link.

https://idataresearch.com/product/large-joint-devices-market/

About iData

iData Research stands out as the premier market research and intelligence provider, offering unparalleled insights and comprehensive data analysis across a multitude of industries. With a strong reputation and a proven track record, iData Research has solidified its position as the best choice for businesses seeking to make informed decisions in today's dynamic market landscape.