Press release
Extremity Reconstruction Market Poised to Attain $6.5 Billion Globally by 2030, Reveals Allied Market Research
Extremity Reconstruction Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/1716
Driving Forces, Challenges, and Prospects:
The surge in joint disorders, such as osteoarthritis and atrophic arthritis, coupled with the escalating prevalence of diabetes and obesity leading to joint disorders, has propelled the expansion of the global extremity reconstruction market. The growing awareness regarding the benefits of small joint reconstruction devices further fuels this growth. Nevertheless, challenges such as unsupportive reimbursement scenarios, the need for surgery revisions after a few years, and complications associated with extremity reconstruction surgeries pose constraints to market expansion. On a positive note, technological advancements present promising opportunities for the industry's future.
For a glimpse into the in-depth analysis, download the sample report here.
Impact of COVID-19:
The pandemic-induced constraints led to a substantial reduction in extremity reconstruction surgeries, as healthcare personnel prioritized the care of COVID-infected patients. Cross-contamination concerns deterred many patients from undergoing these surgeries during the pandemic. However, a post-pandemic resurgence is expected, with a subsequent increase in the number of surgeries.
To delve into a detailed analysis of the COVID-19 impact on the Extremity Reconstruction Market, click here: https://www.alliedmarketresearch.com/request-for-customization/1716?reqfor=covid
Upper Extremity Takes the Lead:
In terms of product segmentation, the upper extremity segment secured the lion's share in 2020, contributing nearly 90% to the global extremity reconstruction market. This dominance is anticipated to persist throughout the forecast period, primarily fueled by the escalating cases of injuries worldwide. Contrarily, the lower extremity segment is poised to witness the highest CAGR of 8.9% from 2021 to 2030, owing to heightened awareness surrounding lower extremity reconstruction devices.
Material Dynamics:
Within the material landscape, metallic materials commanded the highest revenue share in 2020, accounting for approximately 87% of the global extremity reconstruction market. Projected to maintain its leadership status, metallic materials are favored for their diverse applications in orthopedic surgeries. Conversely, the natural material segment is forecasted to register the fastest CAGR of 13.6% from 2021 to 2030, driven by increased demand for its biocompatible, non-toxic, and protein-binding site features in orthopedic surgeries.
๐ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ข๐๐ฌ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ญ๐จ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐ซ๐๐๐๐ก ๐จ๐ฎ๐ญ ๐ก๐๐ซ๐: https://www.alliedmarketresearch.com/purchase-enquiry/1716
Regional Insights:
In 2020, North America emerged as the epicenter of extremity reconstruction market activity, contributing the highest revenue share, approximately two-fifths of the global market. This dominance can be attributed to the region's advanced healthcare infrastructure and a surge in chronic ailments, especially in the United States. Meanwhile, Asia-Pacific is poised to showcase the most significant CAGR of 8.0% during the forecast period, propelled by a rising geriatric population and increased investments and research and development activities in the healthcare sector.
Key Market Players:
The extremity reconstruction market is characterized by the presence of key players committed to innovation and excellence. Notable market leaders include 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., and Skeletal Dynamics LLC.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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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