United States Hips And Knees Reconstructive Market was valued at USD 8.6 Billion in 2022 and is projected to reach USD 13.4 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The US hips and knees reconstructive market is experiencing significant growth, driven by an increasing aging population, rising healthcare awareness, and the growing demand for joint replacement surgeries. As of recent trends, the market has witnessed an impressive surge in the adoption of advanced reconstructive procedures, particularly for hips and knees, as people seek to maintain a high quality of life despite joint-related issues.
Joint replacements, especially for hips and knees, have become commonplace as aging populations in the US are facing a rise in musculoskeletal disorders. Statistics indicate that knee osteoarthritis is one of the leading causes for knee replacement surgeries, with millions of people undergoing procedures each year. Similarly, hip surgeries have seen a steady increase as the population continues to age, with approximately 400,000 total hip replacement surgeries performed annually in the US alone. The hips and knees reconstructive market continues to expand due to these trends, creating vast opportunities for industry players.
The demand for these surgeries is not only driven by the older demographic but also by a surge in sports-related injuries among younger individuals. With advancements in technology, including minimally invasive surgical techniques and robotic-assisted surgeries, patients can now expect faster recovery times and more precise procedures, which contribute to the growing popularity of joint replacements. This evolution in surgical practices is reshaping the landscape of the hips and knees reconstructive market.
Industries are also responding to this increasing demand by investing in innovative implants and devices designed to improve the longevity and functionality of joint replacements. Companies are focused on the development of personalized prosthetic designs, which are gaining traction in the market. Additionally, the increasing availability of specialized rehabilitation therapies is enhancing patient recovery, further driving the need for these reconstructive surgeries.
Ultimately, the future of the US hips and knees reconstructive market looks promising, with continuous advancements in surgical techniques, implants, and rehabilitation solutions. This creates an evolving landscape in which healthcare providers, medical device manufacturers, and patients benefit from improved outcomes, more personalized treatments, and enhanced mobility options.
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Zimmer
DePuy
Smith & Nephew
Stryker
MicroPort
B. Braun Melsungen
Exactech
Limacorporate
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Hips And Knees Reconstructive Market
Partial Knee Replacement
Total Knee Replacement
Minimally Invasive Surgery
Unicompartmental Knee Replacement
Orthopedic Implants
Biologic Implants
Fixation Devices
Surgical Instruments
Hospitals
Ambulatory Surgical Centers
Orthopedic Clinics
Metal
Ceramic
Polyethylene
Hybrid Materials
Traditional Open Surgery
Minimally Invasive Surgery
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Hips And Knees Reconstructive Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Hips And Knees Reconstructive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Hips And Knees Reconstructive Market, By Type
6. US Hips And Knees Reconstructive Market, By Application
7. US Hips And Knees Reconstructive Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Hips And Knees Reconstructive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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