South Korea Joint Reconstruction Devices Market Size, Share, and COVID-19 Impact Analysis, By Technique (Joint Replacement, Osteotomy, Arthroscopy, and Resurfacing,), By Joint (Knee, Hip, Shoulder, and Ankle), and South Korea Joint Reconstruction Devices Market Insights, Industry Trend, Forecasts to 2035
Industry: HealthcareSouth Korea Joint Reconstruction Devices Market Insights Forecasts to 2035
- The South Korea Joint Reconstruction Devices Market Size Was Estimated at USD 256.7 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 6.00% from 2025 to 2035
- The South Korea Joint Reconstruction Devices Market Size is Expected to Reach USD 487.3 Million by 2035
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According to a research report published by Spherical Insights & Consulting, the South Korea Joint Reconstruction Devices Market Size is anticipated to reach USD 487.3 Million by 2035, Growing at a CAGR of 6.00% from 2025 to 2035. Medical technology developments, such as the creation of less invasive surgical methods and better implant materials, have also aided in the growth of the market. Additionally, it is projected that growing healthcare spending in developing nations and growing awareness of the advantages of early surgical intervention will spur additional growth in the years to come.
Market Overview
Sales of tools and equipment used in surgical operations to replace, repair, or rehabilitate injured joints are included in the joint reconstruction devices market. By treating problems including osteoarthritis, injuries, and other joint-related disorders, these devices aim to restore joint function and mobility. The market covers both surgical instruments and implanted devices (prosthetics). The market is growing as more joint replacement and pain management treatments are required due to the increasing prevalence of osteoarthritis and other orthopedic diseases. The need for devices that work with minimally invasive techniques is being driven by the preference for these methods, which have benefits like smaller incisions, quicker healing, and less pain. Technologies and surgical techniques are being driven by the need for less intrusive procedures that have shorter recovery times and less discomfort. The need for joint repair devices is being driven by the increase in trauma situations, such as auto accidents and sports injuries. Medical tourism, the practice of people traveling to other nations for procedures like joint replacement, may be driven by rising healthcare spending in developing nations. This raises the demand for joint reconstruction devices even more globally. Innovative technology and better joint reconstruction devices may result from government support for medical device research and development.
Report Coverage
This research report categorizes the market for South Korea joint reconstruction devices market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea joint reconstruction devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea joint reconstruction devices market.
South Korea Joint Reconstruction Devices Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 256.7 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 6.00% |
2035 Value Projection: | USD 487.3 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 199 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Technique, By Joint, and COVID-19 Impact Analysis |
Companies covered:: | Zimmer Biomet Holdings Inc., Corentec Co., Ltd., Exactech, Inc., Medacta International SA, B. Braun Melsungen AG, United Orthopedic Corporation, Limacorporate, Lee Chun Tek Orthopedic Specialty Hospital, Baumer, Stryker Corporation, and Others. |
Pitfalls & Challenges: | Covid-19 Empact, Challenges, Growth, Analysis. |
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Driving Factors
Aging populations are leading to increased incidences of joint disorders such as osteoarthritis and rheumatoid arthritis, thereby elevating the demand for joint replacement surgeries. Technological advancements, including minimally invasive surgical techniques, robotic-assisted procedures, and smart implants, are enhancing surgical precision and reducing recovery times, making these procedures more appealing to patients and healthcare providers. Additionally, rising healthcare awareness and improved access to medical services are contributing to the growing adoption of joint reconstruction devices.
Restraining Factors
High surgical costs, for procedures like knee replacements, limit accessibility, especially in low- and middle-income regions. Postoperative complications such as infections, implant failures, and nerve damage can lead to additional surgeries and increased healthcare costs. Stringent regulatory requirements and lengthy approval processes further delay market entry for new devices. Additionally, market saturation in developed economies intensifies competition, pressuring manufacturers to continuously innovate while managing costs.
Market Segmentation
The South Korea joint reconstruction devices market share is classified into technique and joint.
- The joint replacement segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea joint reconstruction devices market is segmented by technique into joint replacement, osteotomy, arthroscopy, and resurfacing. Among these, the joint replacement segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The segment is anticipated to be driven by the growing demand for consumer products as a result of many countries' expanding disposable income. These resins are utilized in adhesives and coatings that improve the final items' strength and appearance, including furniture and appliances.
- The knee segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea joint reconstruction devices market is segmented by joint into knee, hip, shoulder, and ankle. Among these, the knee segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. ExactechGPS software is intended to support customized surgical planning and be in line with modern alignment techniques for total knee replacement operations. In order to cover a wide range of patient demands and situations, this chapter focuses on surgical procedures for knee joint problems, from partial to total knee replacements.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea joint reconstruction devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Zimmer Biomet Holdings Inc.
- Corentec Co., Ltd.
- Exactech, Inc.
- Medacta International SA
- B. Braun Melsungen AG
- United Orthopedic Corporation
- Limacorporate
- Lee Chun Tek Orthopedic Specialty Hospital
- Baumer
- Stryker Corporation
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea joint reconstruction devices market based on the below-mentioned segments:
South Korea Saturated Polyester Resin Market, By Technique
- Joint Replacement
- Osteotomy
- Arthroscopy
- Resurfacing
South Korea Saturated Polyester Resin Market, By Joint
- Knee
- Hip
- Shoulder
- Ankle
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