MEA Hip And Knee Reconstruction Devices Market: Israel Is Anticipated To Register A CAGR Of 5.3% In The Coming Years

 MEA Hip And Knee Reconstruction Devices Industry Overview

The MEA hip and knee reconstruction devices market size is expected to reach USD 2.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2021 to 2028. Physical inactivity due to sedentary lifestyle fueling obesity and lifestyle disorder prevalence are key drivers for the market. According to the NCBI, as of October 2018, in Saudi Arabia, the prevalence of obesity was 24.1% in women and 33.5% in men. It also stated that none to low-level physical activity was observed in 46% of men and 75.1% of women. Excess weight stresses the weight-bearing joints, like the hips and knees, which leads to pain in these joints and other ailments. People who are obese are more likely to develop osteoarthritis than those who are not.

 

The market participants are also affected by COVID-19. For instance, Medtronic reported a 44.0% drop in its quarterly income as compared to the previous year. The major reason behind this was the postponement of many surgical procedures. However, with easing lockdown restrictions, vaccination, and resumption of elective surgeries the market is expected to pick up the pace in the next two years.

The market is highly competitive in nature and a limited number of players have a high level of dominance over the overall revenue share. The most notable market participants are DJO, LLC, Smith + Nephew, Zimmer Biomet, B.Braun Melsungen AG, Conmed Corporation, DePuy Synthes, Meril Life Sciences Pvt. Ltd., and Arthrex, Inc. and account for a considerable share owing to their product offerings to the market. Market leaders are involved in the establishment of extensive distribution systems as well as increasingly involving in mergers and acquisitions to capture a larger share of the market. For instance, in January 2021, DJO, LLC, a part of Colfax, acquired Trilliant Surgical. This furthered the company’s expansion into the growing foot and ankle surgery market.


MEA Hip And Knee Reconstruction Devices Market Segmentation

Grand View Research has segmented the MEA hip and knee reconstruction devices market based on joint type, technique, and country:

Based on the Joint Type Insights, the market is segmented into Hip, and Knee.

  • The knee segment dominated the market for hip and knee reconstruction devices and accounted for the largest revenue share of 63.4% in 2020. The segment is anticipated to grow well over the forecast period owing to an increasing number of knee surgeries. The increasing prevalence of knee osteoarthritis and availability of a large number of products as well as procedures are expected to boost segment growth.

 

  • The hip segment is expected to witness the fastest CAGR of 4.3% over the forecast period owing to rising number of hip fractures and demand for hip replacement surgeries.

 

Based on the Technique Insights, the market is segmented into Joint Replacement, Osteotomy, Arthroscopy, Resurfacing, Arthrodesis, and Others.

  • The joint replacement segment dominated the MEA hip and knee reconstruction devices market and accounted for the largest revenue share of 70.3% in 2020. The segment is expected to maintain its position throughout the forecast period owing to capital-intensive devices and large procedural volume resulting in the highest revenue generation.

 

  • The joint replacement segment is further divided into implants and bone graft. The bone graft segment is further divided into allograft and synthetic. The implants segment is expected to register a larger market share as compared to the bone graft segment, owing to their high adoption in the region.

 

Key Companies & Market Share Insights

Vendors are investing in product launches, geographical expansions, collaborative agreements, and acquisitions, to sustain in the market for hip and knee reconstruction devices. The market is expected to become highly competitive as companies are investing to penetrate more in the market.

For instance, in December 2020, DePuy Synthes, a Johnson and Johnson company launched KINCISE Surgical Automated System in Europe and MEA markets. This expanded the company’s offerings and strengthened its market position. Also, in January 2021, Smith+Nephew acquired the extremity orthopedics business from Integra LifeSciences Holdings Corporation for USD 240 million. This supported the company’s strategy to invest in high-growth segments and strengthened its extremities business. Some of the prominent players in the MEA hip and knee reconstruction devices market include:

  • DJO, LLC
  • Smith + Nephew
  • Zimmer Biomet
  • Braun Melsungen AG
  • Conmed Corporation
  • DePuy Synthes
  • Meril Life Sciences Pvt. Ltd.
  • Arthrex, Inc.

 

Order a free sample PDF of the MEA Hip And Knee Reconstruction Devices Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

 

Comments

Post a Comment

Popular posts from this blog

Drug Addiction - Pipeline Review, H1 2017 Market Overview and trends research report

Radiant insights, inc latest Pharmaceutical and Healthcare disease pipeline guide Drug Addiction - Pipeline Review, H1 2017, provides an overview of the Drug Addiction (Central Nervous System) pipeline landscape. Drug addiction, also called substance dependence or chemical dependency, is a disease that is characterized by a destructive pattern of drug abuse that leads to significant problems involving tolerance to or withdrawal from the substance. Drug addiction symptoms or behaviors include recurrent drug use that results in a lack of meeting important obligations at work, school, or home, inability to sleep, awake at unusual times, unusual laziness, loss of or increased in appetite, changes in eating habits, cold, sweaty palms; shaking hands., red, watery eyes; pupils larger or smaller than usual and unusual smells on breath, body or clothes. Report Highlights Radiant insights, inc Pharmaceutical and Healthcare latest pipeline guide Drug Addiction - Pipeline Review, H1 2017, p...
Read more

All Countries Dialyzer Industry 2013-2028 - Market Size, Share, Outlook, Growth, Key Players and Forecast

The global Dialyzer market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Dialyzer from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Dialyzer market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-dialyzer-market/request-sample Leading players of Dialyzer including: • Fresenius Medical Care • Baxter • Nipro • Asahi Kasei • Toray • B.Braun • Nikkiso • Medtronic • Kawasumi • Medica • Wego • Lengthen • Peony Medical • Chengdu OCI • Bain Medical Equipment Market split by Type, can be divided into: • Flat Type Dialyzer • Coil Tube Dialyzer • Ho...
Read more

Insights into the Medical Waste Disposal Category: A Comprehensive Procurement Intelligence Report

  Medical Waste Disposal Category Overview The medical waste disposal category is anticipated to grow at a CAGR of 6.0% from 2023 to 2030. Appropriate disposal of medical trash is the key challenge for healthcare providers across the globe. Rising awareness about the benefits of proper medical waste management for treatment, recycling, and disposal of medical trash has boosted the growth of the category. According to the World Health Organization Study Report 2022, countries with low income generate over 0.2 kg of medical trash per day per hospital bed, whereas countries with high income generate hazardous waste of up to 0.5 kg per hospital bed each day. Moreover, rising government initiatives and strict rules and regulations for waste management are also expected to drive the category. For instance, in December 2022, an MOU was signed between the Center for Health Environment Research and Development and Can Tho Central General Hospital under USAID’s Reducing Pollution Project. T...
Read more