Market Overview - The global orthopedic large joint device market was valued at over $20.5 billion in 2023 and is projected to grow at a CAGR of 3.3%, reaching over $25.7 billion by 2030 [1] - The market includes knee reconstruction devices, hip reconstruction devices, and bone cement [2] Trends and Innovations - There is a growing trend towards automating replacement procedures, with companies exploring robotic systems to assist in implanting devices, aiming to make procedures less invasive and reduce recovery times [3] Competitive Landscape - Zimmer Biomet led the market in 2023, attributed to its strong product offerings such as the Persona The Personalized Knee System and Taperloc Hip System, with continued investment expected to maintain its leadership [4] - Stryker ranked second, particularly strong in the bone cement market with its Simplex PT brand and ongoing product development anticipated to support its market presence [5] - DePuy Synthes ranked third, bolstering its portfolio with innovative knee revision options and expected to sustain its market position through product innovation [6] Market Segmentation - The report includes detailed analysis by segment, including knee reconstruction, hip reconstruction, and bone cement, along with competitive analysis and market shares for each segment [7][8]
Large Joint Devices Market Size, Share, and Global Trends Analysis 2024-2030: Zimmer Biomet Leads Global Hip Reconstruction Market with Taperloc and Arcos Systems