The global joint spacer systems market was worth USD 33.2 million in 2021 and is expected to reach USD 38.4 million in 2022. The market is anticipated to reach USD 73.3 million by 2029, growing at a 9.7% CAGR between 2022 and 2029. Growing orthopaedic implants and rising prosthetic infections are projected to fuel the growth of the joint spacer systems business. This information is mentioned in AMR Group's report named “Global Joint Spacer Systems Market, 2023-2032.”
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Market Segmentation:
The joint spacer systems market can be segmented based on product type, and end-user.
Product type:
a. Cemented spacers
b. Non-cemented spacers
c. Resorbable spacers
d. Antibiotic spacers
End-user:
a. Hospitals
b. Ambulatory surgical centers
c. Specialty clinics
d. Others
Key Players:
- Zimmer Biomet
- DePuy Synthes Companies (Johnson & Johnson)
- Stryker Corporation
- Heraeus Holding
- DJO Global
- Exactech, Inc.
- Smith & Nephew plc
- Arthrex, Inc.
- Braun Melsungen AG
- Teknimed
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Regional Analysis:
The joint spacer systems market can be analyzed on a regional basis to gain insight into the market dynamics in different regions. North America is the largest market for joint spacer systems, driven by the high prevalence of joint infections, the growing aging population, and the favorable reimbursement policies for joint replacement surgeries. The region is expected to continue to dominate the market in the coming years, driven by the increasing demand for joint replacement surgeries and the adoption of advanced joint spacer systems. Europe is also a significant market for joint spacer systems, driven by factors such as the rising prevalence of joint infections and the increasing demand for joint replacement surgeries. The region is characterized by a high level of technological advancement, and manufacturers are investing in developing advanced joint spacer systems to meet the growing demand.
The Asia Pacific region is expected to be the fastest-growing market for joint spacer systems due to factors such as the rising prevalence of joint infections, the growing aging population, and the increasing adoption of advanced medical technologies. The region is also characterized by the presence of a large patient population and a growing demand for joint replacement surgeries. Latin America and the Middle East and Africa regions are also expected to experience significant growth in the joint spacer systems market due to factors such as the rising prevalence of joint infections and the increasing adoption of advanced medical technologies. Overall, the global joint spacer systems market is characterized by a high level of competition, with several manufacturers operating in the market. The market is expected to continue to grow in the coming years, driven by factors such as the increasing prevalence of joint infections and the growing demand for joint replacement surgeries.
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Market Size Prediction:
The product type segment is likely to lead the market, owing to rising demand for innovative joint spacer systems with enhanced functionality and ease of use. The non-cemented spacers market is predicted to expand significantly, owing to the increasing use of non-cemented joint replacement operations. Hospitals are predicted to dominate the end-user segment, owing to the increasing number of joint replacement surgeries conducted in hospitals. The specialty clinics market is also predicted to develop significantly, owing to increased demand for specialised orthopaedic care.
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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