Joint Planer Market Size, Share, Growth, and Industry Analysis, By Type (Straight, Curved Shape, & Other), By Application (Hospital, Clinic, & Other) and Regional Forecast to 2032

JOINT PLANER MARKET REPORT OVERVIEW

The global Joint Planer Market Size was USD 872.45 million in 2024 and the market is projected to touch USD 1273.44 million by 2032, exhibiting a CAGR of 6.50% during the forecast period.

A joint planer is a medical device used for shaping and smoothing human bone tissue and soft tissue. It is a bone sculpting machine known for its consistent bone cutting and low noise levels. This essential tool is commonly utilized by orthopedic surgeons to precisely contour and refine bone surfaces during various procedures, such as joint replacement surgeries and corrective osteotomies. Designed with accuracy and efficiency, joint planers help surgeons achieve optimal outcomes in bone reshaping while minimizing damage to surrounding tissues.

The market is witnessing positive growth, driven by the integration of advanced technologies. The incorporation of innovative features has provided numerous opportunities for manufacturers to develop cutting-edge devices, which in turn expands market reach and promotes future growth. Enhanced automation, improved ergonomics, and better biocompatibility are among the advancements that improve surgical precision and patient outcomes, further propelling demand for these sophisticated medical tools.

COVID-19 Impact

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

In the pandemic, this market also had a phase of slow growth due to the slowdown of the supply chain and other areas which are connected with this market are highly affected such as production, manufacturing units and others. However, the COVID-19 pandemic had helped in the industry to tackle the situation for the future. The disruptions in the import and export system hampered the production and demand of the devices. However, with the growing technologies this market has great potential to grow further and faster.

LATEST TRENDS

"Integration of Technologies in Joint Planer System to Propel Market Growth"

The market is growing due to the trend of integration of the technologies in the system. A range of advanced bone planers featuring technologies, including robotic-assisted systems and computer-assisted navigation are elevating the standard of care in orthopedic surgeries.

JOINT PLANER MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Straight, Curved Shape, & Other

• Straight: The straight planer is a jointer tool that joints or smoothes on the side and edge of the bone in a straight edge.
• Curved Shape: The curved shape is used for a joint where the mating surface of the bones is slightly curved and may be ovoid.
• Other: There are other types of tools in the market used for various applications and contribute to market growth such as gliding joints and others.

By Application

Based on application the market can be categorized into Hospital, Clinic, & Other

• Hospital: The hospitals are major contributors in the market growth because of being primary healthcare centers. The availability of advanced infrastructure and skilled doctors increases the demand.
• Clinic: The clinics are treating patients of bone fracture using these tools for shaping bones with more options than traditional way of treatments.
• Other: There are other medical centers such as trauma or orthopedic centers that also include pelvis plates for effective treatment and management.

Driving Factor

"Increasing Orthopedic Surgeries to Drive the Market Progression"

It is one of the key driving factors for the Joint Planer Market Growth due to the increasing rate of orthopedic surgeries. The rising prevalence of orthopedic conditions and bone related disorders fuel the market growth. The growing demand for orthopedic surgeries due to the aging population and sports-related injuries are supporting the progress of the market further.

"Technological Advancement to Expand the Market Growth"

Another major factor for the growth of the market is the integration of advanced technologies to improve the efficiency and precision in bone planning procedures. The technologies are helping to produce innovative tools which make the procedure easy and comfortable. The increasing adoption of minimally invasive surgical procedures by the patients increases the market expansion.

Restraining Factor

"High Cost and Lack of Skilled Professionals Impede the Market Growth "

The restraining factors for the market growth are the high cost and lack of skilled doctors. The high cost associated with advanced bone planning equipment and procedures making market growth limited. The lack of skilled professionals and expertise in handling complex bones and tissues planning surgeries hindered the market expansion. Additionally, the stringent regulatory requirements and approval procedures for new bone planning devices take a lot of time which limits the progress of the market. The potential risks and complications associated with the procedure of planning deter the individual from opting surgeries.

JOINT PLANER MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominates the Market due to Presence of Sophisticated Healthcare Facility"

The North America region is dominating the Joint Planer Market Share due to the presence of sophisticated healthcare centers and infrastructure. Due to the fast adoption of new medical technologies and improving hospital services are contributing to the enlargement of market share. The U.S. is dominating in the North America region. The Asia Pacific region is growing their market share appreciably. China is leading in its region and making the Asia Pacific region to grow fast due to rising demand and civilizing infrastructures.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Joint Planer Landscape through Investment in Advanced Technologies and Strategy Partnership"

Many prominent industry players are operating in this market focused on providing high precision and accurate shaping devices that can perform better. However, there are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• Kinetic Medinc (U.S.)
• Kangmei (China)
• Smith and Nephew (U.K.)
• Arthrex (U.S.)
• Star (China)
• Delta Medical (U.S.)
• Xishan (China)
• Forwos Medical (China)
• Hicren (China)
• Nanyu (Japan)
• Runlong Medtech (China)
• Suode (Saudi Arabia)
• Medtronic PLC (Ireland)

INDUSTRIAL DEVELOPMENT

January 2021: Smith & Nephew acquired the Extremity Orthopedics business of Integra Life Science holding corporation. This acquisition helped Smith & Nephew to strengthen the business by adding a combination of a focused sales channel, extremities portfolio, and create an exciting new product pipeline.

August 2024: A market report highlighted the integration of advanced technologies, such as robotic-assisted systems and computer-assisted navigation, in joint planers. These innovations aim to enhance precision and efficiency in orthopedic surgeries, reflecting a trend towards more sophisticated surgical tools.

July 2024: A comprehensive market research report was published, providing in-depth analysis of the global joint planer market. The report offers insights into market dynamics, key players, and future growth prospects, serving as a valuable resource for stakeholders.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global joint planer market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.