Global Small Joint Reconstructive Implants Market was valued at USD 7,743.2 million in 2018, Observing a CAGR of 5.1% during 2019–2024: VynZ Research

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NEW YORK, Sept. 11, 2019 (GLOBE NEWSWIRE) -- The global was valued at USD 7,743.2 million in 2018, which will grow at a CAGR of 5.1% during the forecast period.

Globally, small joint reconstructive implants industry players are leveraging market growth through the using the advanced technologies, acquiring firms with growth prospectus and collaborating with other players and distributors to gain an edge in the competition. Investment in the R&D to develop better implants using biomaterials will bolster the growth of the global market.

On the basis of Type, the global small joint reconstructive implants market is categorized into foot and ankle, hand and wrist, and staple fixation. The largest share in the market is held by the hand and wrist category primarily due to the increasing number of sports injuries and the advancements in the technology leading to the easy operability for hands and wrist.

Based on material, the small joint reconstructive implants market is segmented into metal and polymer. Among the two, metal has been most commonly used material for reconstructive implants. However, the demand for polymer based implants is also increasing at a considerable rate as polymer implants are easier to manufacture depending on their use.

Based on end user, the small joint reconstructive implants market is segmented into hospitals, and ambulatory surgical centers. Hospital remains the largest stakeholder in the small joint reconstructive implants as most of these surgeries are performed in hospitals. On the other hand, ASCs are gradually gaining traction for these surgeries as these centers tend to save cost and are improving health outcomes for the patients as compared to the inpatients.

Geographically, North America has accounted for the largest share in energy-based aesthetic devices market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of industry players and also has the highest healthcare expenditure globally. Moreover, high disposable income in the region leads to high out of pocket expenditure by consumers in North America especially in the U.S. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period as the region comprises of largest population and the awareness for these devices is increasing rapidly among them.

Some of the key players operating in the are Stryker Corporation, DePuy Synthes Companies, DJO Global Inc. Zimmer Biomet Holdings Inc., Orthofix Medical Inc., Smith & Nephew plc, Wright Medical Group N.V., Arthrex Inc., Integra LifeSciences Holdings Corporation, Exactech Inc., and Acumed LLC.

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The global is predicted to grow at 7.1% CAGR during the forecast period with the market size reaching USD 6.3 billion by 2024. Image-guided surgery is also known as navigation surgery, it visually correlates intraoperative anatomy with preoperative CT scan. Image-guided surgery devices are used for guiding surgeons during the surgery. It enhances accuracy during the surgery, decreases procedure time, reduces complexity, and insignificant surgical scar.

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The global is predicted to grow at 6.1% CAGR during the forecast period with the market size reaching USD 2.6 billion by 2024. Different products such as mobile c-arms, intraoperative computed tomography, intraoperative magnetic resonance imaging, and intraoperative ultrasound are majorly contributing to the intraoperative imaging market size. The market has witnessed significant demand for mobile c-arm over the last few years due to the mounting occurrence of cardiovascular diseases, and expanding number of orthopaedic surgeries.

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The global is predicted to grow at a CAGR of 25.6% during the forecast period, attaining a market size of USD 6.2 billion by 2024. The global dental 3D printing market is growing at a significant rate, due to mounting occurrence dental diseases, expanding geriatric population and mounting need for cosmetic dentistry. Different product and services contributed to the dental 3D printing market size.

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VynZ Research is a offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.

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Globe Newswire: 18:45 GMT Wednesday 11th September 2019

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