North America Knee Reconstruction Devices Market

North America Knee Reconstruction Devices Market Size (2023 to 2028)

The size of the Knee Reconstruction Devices Market in North America was worth USD 2.27 billion in 2023 and estimated to be growing at a CAGR of 4.4%, to reach USD 2.81 billion by 2028.

The expanding elderly population in North America is a primary driver of this region's knee replacement devices market. At the same time, other chronic diseases affecting the elderly, such as diabetes, osteoporosis, and arthritis, are on the rise. In addition, various technological developments with less invasive surgical treatments are expected to favor the market growth. Due to many advancements and the manufacturing of new materials, the market is estimated to grow significantly throughout the forecast period.

Minimal invasion and knee reconstruction techniques have enhanced precision and accuracy, resulting in a shorter operation time. Furthermore, improved techniques and technology have solved previous surgery issues, resulting in a beneficial impact on demand for knee reconstruction equipment. This is a significant driver of knee reconstructive devices in North America. Innovative and effective knee repair treatments and equipment have benefited from frequent developments in healthcare technology. The growing inclination for minimally invasive surgery is also driving the market growth. Surgical tool and procedure advancements have had a tremendous impact on the market.

The rising incidence of knee discomfort from ailments such as osteoarthritis, combined with the fast-growing senior demographic in North America, is predicted to contribute to the number of knee reconstruction treatments. Furthermore, knee reconstruction devices on a large scale in North America will be aided by advancements in robotic surgical methods with improved degrees of accuracy.

However, the high costs associated with knee implants are a major stumbling block for the knee replacement devices market growth in the North American region. As a result, market development in low-income nations may be limited. In addition, the adoption of new technology has dramatically increased the cost in several emerging countries. As a result, the market's expansion will be hampered due to the factors mentioned above.

The scarcity of competent and skilled surgeons is a key impediment to the knee replacement devices market in the North American region. Handling modern gadgets and finishing the procedure demands extreme precision and skill. Therefore, it is predicted to have a significant detrimental influence on the knee replacement market's ability to continue and flourish.

This research report on the North American knee reconstruction devices market has been segmented and sub-segmented into the following categories:

By Product Type:

• Primary Cemented
• Primary Cementless
• Partial
• Revision Implants

By Country:

• The United States
• Canada
• Rest of North America

Based on geography, the North America Knee Reconstruction Devices market was leading the global market as of 2020 and is expected to show a similar trend during the forecast period because of the developing medical technology and awareness about the same.

The U.S. knee replacement devices market led the North American region in 2022 and is forecasted to account for the most significant share during the forecast period. On the other hand, the Canadian market is estimated to showcase a promising CAGR between 2023 to 2028.

KEY MARKET PLAYERS:

Companies playing a pivotal role in the North American knee reconstruction devices market by their products are Zimmer, Inc., Stryker, DePuy Synthes, Smith & Nephew plc, Arthrex, Inc., Exactech, Inc., Corin, DJO North America, and Japan Medical Dynamic Marketing, Inc.