Small Joint Reconstructive Implants Market

Industry Overview

The global small joint reconstructive implants market was valued at USD 7.8 billion in 2022, which will grow at a CAGR of 6.1% during the forecast period. Different implants such as hand and wrist implants, and foot and ankle implants majorly contribute to the small joint reconstructive implants market size. Increasing geriatric population, increasing prevalence of orthopaedic conditions, increasing demand for minimally invasive surgeries, technological advancements in surgical imaging and robotic-assisted surgeries are propelling the growth of the market. The small joint reconstructive implants market refers to the medical devices and implants used for the surgical treatment of various small joints in the body, such as the fingers, toes, wrists, ankles, and elbows. These implants are designed to replace damaged or diseased joint surfaces, restore joint function, and alleviate pain.

Market Segmentation

Insight by Type

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. 

Insight by Material

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.

Insight by End User

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.

Global Small Joint Reconstructive Implants Market Report Coverage

Industry Dynamics

Trends

The shifting patient from hospitals to ASCs for reconstructive surgeries is the key trend witnessed in the market. Healthcare providers, payers, and patients are recognizing the importance of outpatient care which saves the cost and reduces the burden on hospitals. Another key trend witnessed in the market is the increasing number of collaboration and partnerships in the industry.

Rising incidence of joint-related disorders: Conditions such as osteoarthritis, rheumatoid arthritis, and traumatic injuries contribute to the demand for small joint reconstructive implants as a treatment option.

Technological advancements: Advancements in implant materials, designs, and surgical techniques have led to improved implant longevity, better functional outcomes, and reduced postoperative complications.

Aging population: The aging population is more prone to joint-related disorders, leading to an increased need for small joint reconstructive surgeries and implants.

Increasing awareness and demand for minimally invasive procedures: Patients prefer minimally invasive surgical techniques for joint reconstruction, which offer faster recovery, reduced scarring, and lower risk of complications.

Growing healthcare expenditure: The overall increase in healthcare spending, along with advancements in medical infrastructure, supports the development and adoption of small joint reconstructive implants.

Sports-related injuries: The prevalence of sports injuries involving small joints, such as those in athletes and active individuals, drives the demand for reconstructive implants.

Expansion of orthopedic clinics and ambulatory surgical centers: The establishment of specialized orthopedic clinics and ambulatory surgical centers has facilitated easy access to joint reconstructive surgeries, boosting market growth.

Growth Drivers

Global small joint reconstructive implants market has been driven by several key factors, predominantly due to the increasing prevalence of orthopaedic conditions, and increasing demand for minimally invasive surgeries. Orthopaedic conditions such as arthritis, osteoporosis, and bone degenerative diseases are on rise which creates demand for the small joint reconstructive implants. According to the WHO, Osteoarthritis is already one of the ten most disabling diseases in developed countries. Worldwide estimates are that 9.6% of men and 18.0% of women aged over 60 years have symptomatic osteoarthritis. 

Also, the older generation is more prevalent to orthopaedic conditions; therefore an increase in number of geriatric population also leads to the growth in the market. For instance, according to WHO, globally in 2010 approximately 524 million people were aged 65 years and older, and is expected to reach 1.5 billion in 2050. Moreover, technological advancements in surgical imaging and robotic-assisted surgeries across the globe are propelling the demand for small joint reconstructive implants.

Restraints
High cost of reconstructive surgery and availability of alternative treatment options limit the growth of the global small joint reconstructive implants market.

Geography Insight

Geographically, North America is the largest small joint reconstructive implants market due to the technological advancements and increasing prevalence of orthopaedic conditions. According to the CDC, from 2013–2015, an estimated 54.4 million US adults (22.7%) annually had ever been told by a doctor that they had some form of arthritis, rheumatoid arthritis, gout, lupus, or fibromyalgia. Also, the region is home to a large number of industry players and also has the highest healthcare expenditure globally. 

Asia-Pacific is observed to witness the fastest growth in the market. As the region comprises of largest population prevalent with orthopaedic conditions and the number of ASCs in the region are on rise.

Competitive Insight

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.

Forecast Parameters

- Identifying variables and establishing market impact.
- Establishing market trends regionally.
- Analyzing opportunities and market penetration rates by understanding product commercialization, regional expansion.
- Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
- Analyzing sustainability strategies adhered by market participants in an attempt to determine future course of the market.
- Analyzing historical market trends and super-imposing them on the current and future variables to determine the year-on-year trend.
- Understanding adoption, production, export, import, and regulatory framework.

Data Validation

- Estimated and forecasted data was validated through industry experts.
- Apart from industry experts, data triangulation methods were used for validation.
- Bottom-up and top-down approach has been used for estimation and forecast of market data, whereas top-down approach was used for validation.
- Demand, as well as supply-side surveys, were conducted in order to understand the industry dynamics and data validation.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising of consumers are also conducted to understand consumer behaviour.

The Small Joint Reconstructive Implants Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.

Segments Covered in the Report

• By Type
  • Foot and Ankle
  • Hand and Wrist
  • Staple Fixation 
• By Material
  • Metal
  • Polymer
• By End-User 
  • Hospitals
  • ASCs

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

1. Research Overview 

        1.1. The Report Offers
        1.2. Market Coverage
                1.2.1. By Type
                1.2.2. By Material
                1.2.3. By End-User
                1.2.4. By Region
        1.3. Research Phases
        1.4. Limitations
        1.5. Market Size Estimations and Forecast
                1.5.1. Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2. Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

        3.1. By Type
                3.1.1. Foot and Ankle
                3.1.2. Hand and Wrist
                3.1.3. Staple Fixation 
        3.2. By Material
                3.2.1. Metal
                3.2.2. Polymer
        3.3. By End User
                3.3.1. Hospitals
                3.3.2. ASCs

4.  Industry Overview

        4.1. Industry Dynamics
                4.1.1. Major Drivers
                4.1.2. Major Restraints
                4.1.3. Key Trends
                4.1.4. Key Opportunities
        4.2. Industry Ecosystem
                4.2.1. Porter’s Five Forces Analysis
                4.2.2. Strategic Development Analysis
        4.3. Competitive Insight
                4.3.1. Competitive Analysis of Key Players
                4.3.2. Market Attractiveness Analysis

5. Global Market Estimate and Forecast

        5.1. By Type
        5.2. By Material
        5.3. By End User
        5.4. By Region

6. North America Market Estimate and Forecast

        6.1. By Type
        6.2. By Material
        6.3. By End User
        6.4. By Country
                6.4.1. U.S. Market Estimate and Forecast
                6.4.2. Canada Market Estimate and Forecast
                6.4.3. Mexico Market Estimate and Forecast

7. Europe Market Estimate and Forecast

        7.1. By Type
        7.2. By Material
        7.3. By End User
        7.4. By Country
                7.4.1. Germany Market Estimate and Forecast
                7.4.2. U.K. Market Estimate and Forecast
                7.4.3. France Market Estimate and Forecast
                7.4.4. Italy Market Estimate and Forecast
                7.4.5. Spain Market Estimate and Forecast
                7.4.6. Rest of Europe Market Estimate and Forecast

8. Asia-Pacific Market Estimate and Forecast

        8.1. By Type
        8.2. By Material
        8.3. By End User
        8.4. By Country
                8.4.1. Japan Market Estimate and Forecast
                8.4.2. China Market Estimate and Forecast
                8.4.3. India Market Estimate and Forecast
                8.4.4. Australia Market Estimate and Forecast
                8.4.5. South Korea Market Estimate and Forecast
                8.4.6. Rest of Asia-Pacific Market Estimate and Forecast

9. Rest of the World Market Estimate and Forecast

        9.1. By Type
        9.2. By Material
        9.3. By End User
        9.4. By Country
                9.4.1. Brazil Market Estimate and Forecast
                9.4.2. Saudi Arabia Market Estimate and Forecast
                9.4.3. U.A.E. Market Estimate and Forecast
                9.4.4. South Africa Market Estimate and Forecast
                9.4.5. Other Countries Market Estimate and Forecast

10. Company Profiles

        10.1. Stryker Corporation
                10.1.1. Snapshot
                10.1.2. Overview
                10.1.3. Offerings
                10.1.4. Financial Insight
                10.1.5. Recent Developments
        10.2. DePuy Synthes Companies
                10.2.1. Snapshot
                10.2.2. Overview
                10.2.3. Offerings
                10.2.4. Financial Insight
                10.2.5. Recent Developments
        10.3. DJO Global Inc.
                10.3.1. Snapshot
                10.3.2. Overview
                10.3.3. Offerings
                10.3.4. Financial Insight
                10.3.5. Recent Developments
        10.4. Zimmer Biomet Holdings Inc.
                10.4.1. Snapshot
                10.4.2. Overview
                10.4.3. Offerings
                10.4.4. Financial Insight
                10.4.5. Recent Developments
        10.5. Orthofix Medical Inc.
                10.5.1. Snapshot
                10.5.2. Overview
                10.5.3. Offerings
                10.5.4. Financial Insight
                10.5.5. Recent Developments
        10.6. Smith & Nephew plc
                10.6.1. Snapshot
                10.6.2. Overview
                10.6.3. Offerings
                10.6.4. Financial Insight
                10.6.5. Recent Developments
        10.7. Wright Medical Group N.V.
                10.7.1. Snapshot
                10.7.2. Overview
                10.7.3. Offerings
                10.7.4. Financial Insight
                10.7.5. Recent Developments
        10.8. Arthrex Inc.
                10.8.1. Snapshot
                10.8.2. Overview
                10.8.3. Offerings
                10.8.4. Financial Insight
                10.8.5. Recent Developments
        10.9. Integra LifeSciences Holdings Corporation
                10.9.1. Snapshot
                10.9.2. Overview
                10.9.3. Offerings
                10.9.4. Financial Insight
                10.9.5. Recent Developments
        10.10. Exactech Inc.
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments
        10.11. Acumed LLC
                10.11.1. Snapshot
                10.11.2. Overview
                10.11.3. Offerings
                10.11.4. Financial Insight
                10.11.5. Recent Developments

* Financial insight, are subject to availability of information in secondary domain.

11. Appendix

        11.1. Exchange Rates
        11.2. Abbreviations

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global Small Joint Reconstructive Implants Market Size, by Type, 2018–2022 (USD Billion)
Table 5  Global Small Joint Reconstructive Implants Market Size, by Type, 2023–2030 (USD Billion)
Table 6  Global Small Joint Reconstructive Implants Market Size, by Material, 2018–2022 (USD Billion)
Table 7  Global Small Joint Reconstructive Implants Market Size, by Material, 2023–2030 (USD Billion)
Table 8  Global Small Joint Reconstructive Implants Market Size, by End User, 2018–2022 (USD Billion)
Table 9  Global Small Joint Reconstructive Implants Market Size, by End User, 2023–2030 (USD Billion)
Table 10  Global Small Joint Reconstructive Implants Market Size, by Region, 2018–2022 (USD Billion)
Table 11  Global Small Joint Reconstructive Implants Market Size, by Region, 2023–2030 (USD Billion)
Table 12  North America Small Joint Reconstructive Implants Market Size, by Type, 2018–2022 (USD Billion)
Table 13  North America Small Joint Reconstructive Implants Market Size, by Type, 2023–2030 (USD Billion)
Table 14  North America Small Joint Reconstructive Implants Market Size, by Material, 2018–2022 (USD Billion)
Table 15  North America Small Joint Reconstructive Implants Market Size, by Material, 2023–2030 (USD Billion)
Table 16  North America Small Joint Reconstructive Implants Market Size, by End User, 2018–2022 (USD Billion)
Table 17  North America Small Joint Reconstructive Implants Market Size, by End User, 2023–2030 (USD Billion)
Table 18  North America Small Joint Reconstructive Implants Market Size, by Country, 2018–2022 (USD Billion)
Table 19  North America Small Joint Reconstructive Implants Market Size, by Country, 2023–2030 (USD Billion)
Table 20  Europe Small Joint Reconstructive Implants Market Size, by Type, 2018–2022 (USD Billion)
Table 21  Europe Small Joint Reconstructive Implants Market Size, by Type, 2023–2030 (USD Billion)
Table 22  Europe Small Joint Reconstructive Implants Market Size, by Material, 2018–2022 (USD Billion)
Table 23  Europe Small Joint Reconstructive Implants Market Size, by Material, 2023–2030 (USD Billion)
Table 24  Europe Small Joint Reconstructive Implants Market Size, by End User, 2018–2022 (USD Billion)
Table 25  Europe Small Joint Reconstructive Implants Market Size, by End User, 2023–2030 (USD Billion)
Table 26  Europe Small Joint Reconstructive Implants Market Size, by Country, 2018–2022 (USD Billion)
Table 27  Europe Small Joint Reconstructive Implants Market Size, by Country, 2023–2030 (USD Billion)
Table 28  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Type, 2018–2022 (USD Billion)
Table 29  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Type, 2023–2030 (USD Billion)
Table 30  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Material, 2018–2022 (USD Billion)
Table 31  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Material, 2023–2030 (USD Billion)
Table 32  Asia-Pacific Small Joint Reconstructive Implants Market Size, by End User, 2018–2022 (USD Billion)
Table 33  Asia-Pacific Small Joint Reconstructive Implants Market Size, by End User, 2023–2030 (USD Billion)
Table 34  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Country, 2018–2022 (USD Billion)
Table 35  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Country, 2023–2030 (USD Billion)
Table 36  RoW Small Joint Reconstructive Implants Market Size, by Type, 2018–2022 (USD Billion)
Table 37  RoW Small Joint Reconstructive Implants Market Size, by Type, 2023–2030 (USD Billion)
Table 38  RoW Small Joint Reconstructive Implants Market Size, by Material, 2018–2022 (USD Billion)
Table 39  RoW Small Joint Reconstructive Implants Market Size, by Material, 2023–2030 (USD Billion)
Table 40  RoW Small Joint Reconstructive Implants Market Size, by End User, 2018–2022 (USD Billion)
Table 41  RoW Small Joint Reconstructive Implants Market Size, by End User, 2023–2030 (USD Billion)
Table 42  RoW Small Joint Reconstructive Implants Market Size, by Country, 2018–2022 (USD Billion)
Table 43  RoW Small Joint Reconstructive Implants Market Size, by Country, 2023–2030 (USD Billion)
Table 44  Snapshot – Stryker Corporation
Table 45  Snapshot – DePuy Synthes Companies
Table 46  Snapshot – DJO Global Inc.
Table 47  Snapshot – Zimmer Biomet Holdings Inc.
Table 48  Snapshot – Orthofix Medical Inc.
Table 49  Snapshot – Smith & Nephew plc
Table 50  Snapshot – Wright Medical Group N.V.
Table 51  Snapshot – Arthrex Inc.
Table 52  Snapshot – Integra LifeSciences Holdings Corporation
Table 53  Snapshot – Exactech Inc.
Table 54  Snapshot – Acumed LLC

List of Figures

Figure 1  Market Coverage
Figure 2  Research Phases
Figure 3  Secondary Types for Different Parameters
Figure 4  Methodology
Figure 5  Data Mining & Exploration
Figure 6  Data Triangulation
Figure 7  Assumptions for Market Estimation and Forecast
Figure 8  Market Synopsis
Figure 9  Global Small Joint Reconstructive Implants Market - Growth Drivers and Restraints
Figure 10  Competitive Benchmark
Figure 11  Global Small Joint Reconstructive Implants Market Highlight
Figure 12  Global Small Joint Reconstructive Implants Market Size, by Type, 2018–2030 (USD Billion)
Figure 13  Global Small Joint Reconstructive Implants Market Size, by Material, 2018–2030 (USD Billion)
Figure 14  Global Small Joint Reconstructive Implants Market Size, by End User, 2018–2030 (USD Billion)
Figure 15  Global Small Joint Reconstructive Implants Market Size, by Region, 2018–2030 (USD Billion)
Figure 16  North America Small Joint Reconstructive Implants Market Highlight
Figure 17  North America Small Joint Reconstructive Implants Market Size, by Type, 2018–2030 (USD Billion)
Figure 18  North America Small Joint Reconstructive Implants Market Size, by Material, 2018–2030 (USD Billion)
Figure 19  North America Small Joint Reconstructive Implants Market Size, by End User, 2018–2030 (USD Billion)
Figure 20  North America Small Joint Reconstructive Implants Market Size, by Country, 2018–2030 (USD Billion)
Figure 21  Europe Small Joint Reconstructive Implants Market Highlight
Figure 22  Europe Small Joint Reconstructive Implants Market Size, by Type, 2018–2030 (USD Billion)
Figure 23  Europe Small Joint Reconstructive Implants Market Size, by Material, 2018–2030 (USD Billion)
Figure 24  Europe Small Joint Reconstructive Implants Market Size, by End User, 2018–2030 (USD Billion)
Figure 25  Europe Small Joint Reconstructive Implants Market Size, by Country, 2018–2030 (USD Billion)
Figure 26  Asia-Pacific Small Joint Reconstructive Implants Market Highlight
Figure 27  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Type, 2018–2030 (USD Billion)
Figure 28  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Material, 2018–2030 (USD Billion)
Figure 29  Asia-Pacific Small Joint Reconstructive Implants Market Size, by End User, 2018–2030 (USD Billion)
Figure 30  Asia-Pacific Small Joint Reconstructive Implants Market Size, by Country, 2018–2030 (USD Billion)
Figure 31  RoW Small Joint Reconstructive Implants Market Highlight
Figure 32  RoW Small Joint Reconstructive Implants Market Size, by Type, 2018–2030 (USD Billion)
Figure 33  RoW Small Joint Reconstructive Implants Market Size, by Material, 2018–2030 (USD Billion)
Figure 34  RoW Small Joint Reconstructive Implants Market Size, by End User, 2018–2030 (USD Billion)
Figure 35  RoW Small Joint Reconstructive Implants Market Size, by Country, 2018–2030 (USD Billion)