$3.6+ Billion Extremity Reconstruction Market: 2021-2030 Insights Study by Allied Market Research
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-sample/1716A new study by Allied Market Research reveals significant growth in the extremity reconstruction market, projected to rise from $3.6 billion in 2020 to $6.5 billion by 2030, with a compound annual growth rate (CAGR) of 6.3%. Extremity reconstruction devices play a crucial role in repairing and replacing damaged extremities, including shoulder, elbow, wrist, foot, and ankle joints. Below are key insights from the report:
Market Overview
โข Market Size (2020): $3.6 billion
โข Market Size (2030): $6.5 billion
โข CAGR: 6.3% (2021-2030)
Key Market Drivers
โข Aging Population: The increase in the geriatric population, leading to a rise in arthritis cases, fuels the market growth.
โข Accidents & Abnormalities: Growing incidences of extremity injuries due to accidents and congenital defects are boosting the demand for reconstruction surgeries.
โข Technological Advancements: The adoption of 3D-printed implants and improved surgical techniques enhances the reconstruction outcomes.
Market Segmentation
1. By Product Type:
โข Upper Extremity Devices: Shoulder, elbow, hand, and wrist reconstruction.
โข Expected to grow at the fastest rate.
โข Shoulder reconstruction is the largest revenue generator due to technological advancements and increasing patient preference.
โข Lower Extremity Devices: Foot fusion, ankle fusion, and ankle reconstruction.
2. By Material:
โข Metallic Materials: Dominating the market due to their strength and suitability for joint replacements.
โข 2020 Value: $3.1 billion
โข 2030 Projection: $5.4 billion
โข Other materials include ceramic, polymer, and natural materials.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/1716
3. By Region:
โข North America: Leading the market with $1.3 billion in 2020, expected to reach $2.0 billion by 2030.
โข Asia-Pacific: Fastest-growing region, projected to grow from $1.1 billion in 2020 to $2.4 billion by 2030, driven by a rapidly aging population.
Key Trends
โข 3D-Printed Implants: Companies like Stryker are heavily investing in 3D-printed components for better outcomes in knee and shoulder surgeries.
โข Focus on Shoulder Arthroplasty: This area is gaining traction due to its ability to treat glenohumeral articulation disorders, improving patient quality of life.
Major Players in the Market
โข DePuy Synthes (Johnson & Johnson)
โข Stryker Corporation
โข Smith & Nephew plc
โข Integra Lifesciences Holdings Corporation
โข Arthrex, Inc.
Full Research@https://www.alliedmarketresearch.com/purchase-enquiry/1716
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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