U.S. Small bone and Joint devices Market Growth and Trends


Posted October 25, 2024 by mordor

[Hyderabad, October 25, 2024] The U.S. small bone and joint devices market is projected to grow from $2.47 billion in 2024 to $3.20 billion by 2029 at a 5.25% CAGR, driven by an aging population, rising injury rates, and degenerative diseases.

 
Additionally, the recovery of healthcare services post-COVID-19 has led to a resurgence in elective procedures, supporting market growth. Companies are also focusing on product development; for example, the launch of Stryker’s EasyFuse Dynamic Compression System highlights the ongoing advancements aimed at improving surgical outcomes and cost efficiency in ambulatory surgery centers. Major players like Stryker, Zimmer Biomet, and Johnson & Johnson (DePuy Synthes) are leading the market’s competitive landscape through product innovation and strategic expansions

Technological innovations, new device introductions, mergers, acquisitions, and expansion initiatives are expected to drive growth in the U.S. small bone and joint devices market. For example, in May 2021, Orthopedic Implants secured FDA clearance and launched its DRPx System, a wrist fracture plating technology. Designed to enhance ergonomic functionality, the DRPx system aligns with orthopedic surgeons' needs and significantly reduces costs, making it particularly beneficial for ambulatory surgery centers (ASCs) and hospitals. This system helps improve patient outcomes while boosting the financial efficiency of healthcare providers.

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Last Updated October 25, 2024