The COVID-19 pandemic has significantly impacted the European large-joint reconstructive implant market, as hip and knee replacement procedures are delayed and unit sales decline. While the crisis will significantly impact the market in the short-term, other factors will continue to drive market growth. Through 2029, the European market for large-joint reconstructive implants will expand slightly, with favorable demographic factors supporting procedure volumes. However, economic constraints and market maturity will will limit overall revenue potential to some degree over the forecast period.
This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for large-joint reconstructive implants in Europe across a 10-year period.
The emergence of COVID-19 is affecting the elective procedures market, including hip and knee reconstructive implants.
How will COVID-19 affect procedure volumes and what will be the impact on large joint market dynamics?
What strategies are companies implementing to mitigate risk and manage uncertainty?
The new MDR will implement stringent protocols for assessing device efficacy and safety.
What impact will the MDR have on the European large-joint reconstructive implant market?
Will the new regulations affect the entrance of innovative technologies in Europe?
Technological advancements, such as robotic systems and 3-D printing, will expand the total pool of patients willing and able to undergo hip and knee replacements.
What are the advantages of robotic-assisted surgery, and how will it impact procedure volume growth?
How might trends in manufacturing relate to functional outcomes of large-joint replacements and surgeon adoption of implant brands?
MNCs continue to dominate the European large-joint reconstructive implant market.
Which MNCs continue to have a strong presence in the large-joint reconstructive implant market in the European region?
What strategies are local manufacturers using to compete with the leading MNCs?
- Large-Joint Reconstructive Implants - Market Insights - Europe
Author(s): Meenu Sankar, MS
Meenu Sankar is a research associate within the Orthopedics, Dental, and Aesthetics Medtech Insights team at Decision Resources Group, specializing in large-joint reconstructive implants. Meenu holds a Bachelor's degree in Pharmaceutical Sciences from Manipal University and a Master's degree in Biomedicine from The University of Skövde.
Follow Meenu on Twitter:@meenu_sankarDRG