The global extremity reconstruction market was valued at $3.6 billion in 2020, and is projected to reach $6.5 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030. Extremity reconstruction devices are used to treat, repair, replace, or heal extremity injuries, such as fractures or damage. The extremity reconstruction market size covers implant devices for the shoulder, elbow, wrist, digits, foot, and ankle joints.
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The costs of providing upper & lower extremity reconstruction surgery may increase in the future because of increasing demand for more productive and cost-effective extremity equipment, there has been an overall decrease in non-cancer related major reconstructive surgeries, but still a large volume of work for other kind of surgeries is continuing to increase during lockdown, which in turn may boost the industrial aspect of extremity reconstruction market and flourishing engineering potentials by further investment from main stakeholders and investors
Key Market Segments
- By Product
- Upper Extremity
- Lower Extremity
- By Material
- Metallic Material
- Ceramic Material
- Polymeric Material
- Natural Material
The increase in incidences of accidents, abnormalities, and congenital defects in the upper and lower extremities of the human body fuels the demand for reconstructive surgery. The extremity reconstruction market includes implant devices for the shoulder, wrist, ankle joints, digits, elbow, and foot. The rise in geriatric population is the key driver for the growth of the global extremity reconstruction market. According to the Centers for Disease Control and Prevention, the number of individuals affected by arthritis in the U.S. is predicted to climb to 78 million by 2040 due to increase in older population.
Key Market Players
- CONMED Corp.
- Smith & Nephew plc
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- depuy synthes
- Integra LifeSciences Holdings Corporation
- Wright Medical Group N.V.
- Acumed, Inc.
- Arthrex, Inc
- Skeletal Dynamics LLC.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the extremity reconstruction market share, segments, current trends, estimations, and dynamics of the extremity reconstruction market analysis from 2020 to 2030 to identify the prevailing extremity reconstruction market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
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