Industry Overview
The Global Small Joint Reconstructive Implants Market was valued at USD 7.8 billion in 2023, 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
|
Report Metric
|
Details
|
|
Historical Period
|
2018 - 2023
|
|
Base Year Considered
|
2024
|
|
Forecast Period
|
2025 - 2030
|
|
Market Size in 2023
|
U.S.D. 7.8 Billion
|
|
Revenue Forecast in 2030
|
U.S.D. x.x Billion
|
|
Growth Rate
|
6.1%
|
|
Segments Covered in the Report
|
By Type, By Material and By End-User
|
|
Report Scope
|
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
|
|
Regions Covered in the Report
|
North America, Europe, Asia-Pacific, Middle East, South America and Rest of the World
|
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
Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Company's joint replacement solutions offer with the combination of market-leading implants for hips and knees, along with Mako Robotic-Arm Assisted Technology and Performance Solutions consultative services for the orthopaedic service line.
DePuy Synthes is a franchise of orthopaedic and neurosurgery companies. It is acquired by Johnson & Johnson which forms a part of the Johnson & Johnson Medical Devices group. DePuy develops and markets products under the Codman, DePuy Mitek, DePuy Orthopaedics and DePuy Spine brands.
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.
Recent Developments by Key Players
DePuy Synthes which is an orthopedic unit has made new advancements across its spine portfolio. The company unveiled its next-generation TriAltis spine system. The posterior thoracolumbar pedicle screw system offers a comprehensive implant portfolio and advanced instrumentation which integrates with enabling technology.
Stryker (a global leader in medical technologies) launched two new products – “LIFEPAK CR2 automated external defibrillator (AED) for cardiac care and evacuation chair for emergency patient evacuation.
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 2025–2030.
Segments Covered in the Report
- By Type
- Foot and Ankle
- Hand and Wrist
- Staple Fixation
- By Material
- By End-User
Region Covered in the Report
- North America
- 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
.png "Small Joint Reconstructive Implants Market Analysis")
