The Business Research Company’s Joint Reconstruction Devices And Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.
Joint Reconstruction Devices And Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide Joint Reconstruction Devices And Equipment market overviews, analyze and forecast market size and growth for the whole market, Joint Reconstruction Devices And Equipment market segments and geographies, Joint Reconstruction Devices And Equipment market trends, Joint Reconstruction Devices And Equipment market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The joint reconstruction devices and equipment market consists of sales of joint reconstruction devices and equipment and related services. Joint reconstruction devices and equipment are used in joint reconstruction procedures. These include shoulder replacement, ankle replacement, digit replacement, hip replacement, elbow replacement, knee replacement, and elbow replacement.
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The global joint reconstruction devices and equipment market is expected to decline from $17.9 billion in 2019 to $11.4 billion in 2020 at a compound annual growth rate (CAGR) of -36.3%. The decline is mainly due to COVID-19 outbreak and the measures to contain it. Several medical care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. The orthopedic surgeries have been postponed and in some cases cancelled due the nations lockdown. The restrictions on non-essential medical services including orthopedic services coupled with slowed production of orthopedic devices and implants due to extending factory closures in various countries is contributing to the markable decline in the market growth. The market is then expected to recover and grow at a CAGR of 5.1% from 2021 and reach $21.8 billion in 2023.
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