The global small joint reconstructive implants market was valued at USD 7.8 billion in 2022, which will grow at a CAGR of 5.1% during the forecast period. 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.
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.
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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 small joint reconstructive implants market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the technological advancements and increasing prevalence of orthopaedic conditions. Moreover, high disposable income in the region leads to high out of pocket expenditure by consumers in North America, especially in the U.S.
Asia-Pacific is expected to witness the fastest growth during the forecast period as the region comprises of largest population prevalent with orthopaedic condition and the awareness for its treatment in increasing.
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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The report provides the market value for the base year 2018 and a yearly forecast till 2030 in terms of revenue (USD Million). The report segments the global small joint reconstructive implants market on the basis of type, material, end user, and region.
Global Small Joint Reconstructive Implants Market Coverage
Type Insight and Forecast 2018-2030
Material Insight and Forecast 2018-2030
End-User Insight and Forecast 2018-2030
Small Joint Reconstructive Implants Market by Region
Rest of the World (RoW)