The global joint reconstruction market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period. The key companies across the globe are highly inclined toward the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, in March 2019, Corin Group limited signed the agreement to acquire OMNI Orthopaedic Inc. Through the acquisition OMNIbotics, a knee replacement solution by OMNI Orthopaedics Inc. with APEX knee replacement will accelerate Corin’s organic growth.
Browse the full report description of “Global Joint Reconstruction Market Size, Share & Trends Analysis Report by Joint type (Knee, hip, shoulders, ankle, and others), and By Technique (Joint Replacement, Osteotomy, Arthroscopy, Resurfacing, and Arthrodesis) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/joint-reconstruction-market-size
Apart from this, in December 2020 Zimmer Biomer Holdings Inc. acquired A&E Medical Corporation for $150 million in cash and $100 million cash at payable. The acquisition will comprehend the product portfolio Of Zimmer Biomer Holdings Inc. and will benefit patients, surgeons, and healthcare systems. In April 2021, Stryker announced its national partnership with Minor league Baseball to become Official Smart Robotics Joint Replacement Partner. Additionally, in January 2021, Smith+Nephew completed the acquisition of the Orthopaedics business of Integra Lifescience Holdings Corp. the acquisition will strengthen Smith +Nephew business by including shoulder replacement, upper and lower extremities portfolio, and a new product line.
Besides, in June 2019, Acumed LLC. acquired Reduction and Association of the Scaphoid and Lunate (RASL) repair system from Radicle Orthopedics. The acquisition expanded the solutions to the surgeons of Acumed LLC. and strengthen its position to deliver comprehensive solutions to address fractures and soft tissue injuries of the hand and wrist. Additionally, in May 2020, Corin Australia announced a partnership with Rem Systems for orthopedic joint replacement and technology. With this partnership, Corin Group introduced its OPS insight platform for planning hip surgery and robotic knee system to New Zealand. Thus, the mergers & acquisitions, partnerships by the major players, and new and innovative product development in the joint reconstruction market are driving the growth during the forecast period.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- Stryker Corp., Zimmer Biomet Holdings, Inc., Medtronic PLC, Ortho Development Corp., and ABS Corp among others
Key questions addressed by the report
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
Global Joint Reconstruction Market Report Segment
By Joint Type
By Technique
Global Joint Reconstruction Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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