Upper Extremities Market to Grow at 6.84% CAGR to 2021: Analysis of Key Players, Trends, Drivers, & Challenges

Upper Extremities Market is Projected to grow at 6.84% CAGR during the period 2017-2021. Network Consulting Industry research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Marketsizeforecasters.com adds new global Upper Extremities market: report that lists top active companies as DePuy Synthes, Stryker, Wright Medical, and Zimmer-Biomet.

Other Prominent Vendors in the market are: Acumed, Arthrex, Avitus Orthopaedics, Biotech Limb and Brace, Bioservo Technologies, Bioventus, Bone Therapeutics, Bone Biologics, Ceramisys, CONMED, CollPlant, DJO Global, Evolutis, Exactech, FH Orthopedics, FX Solutions, Graftys, ICONACY Orthopedic Implants, Integra LifeSciences, implantcast, ISTO Technologies, Lima Corporate, Medtronic, Merete Group, Myomo, NovaBone, ?ssur, OsteoMed, Orthofix, Orthogem, Promedics Orthopaedic, Regenexx, RTI Surgical, Sigma Graft, Silver Bullet Therapeutics, Skeletal Dynamics, Smith & Nephew, Stanmore Implants, Surgical Appliance Industries, TriMed, and Xtant Medical.

Research Analysts forecast the global Upper Extremities market to grow at a CAGR of 6.84% during the period 2017-2021.

Request a sample copy of Upper Extremities Market Research Report @ https://marketsizeforecasters.com/get-sample/18382

Commenting on the report, an analyst team said: One trend in market is technological advances. With advances in technology finding their way to the healthcare field, there have been several innovations in terms of product design, function, and the processes employed for surgeries and recovery. The integration of optoelectronic drilling systems to ensure the accurate placing of metallic wires for knee and other common fracture surgeries has led to a significant rise in the success rate of these surgeries while reducing hospitalization time and cost. The growing popularity of less invasive partial knee replacements, which was a recent innovation in the healthcare industry, has led to a faster healing process. The innovations in the materials used in extremity products as well as the adoption of new, less invasive procedures will allow much quicker recovery of the extremity while allowing greater freedom of motion and comfort for the patient.

The listed pricing for this Upper Extremities Market report starts at $ 3500.
Request Discount for Upper Extremities Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/18382

According to the report, one driver in market is increasing number of shoulder and elbow procedures in Europe and APAC. The joint replacement surgeries such as shoulder and elbow replacement and revision procedures are increasing the need for upper extremity product in the market. For the replacement procedure, artificial implants are used to replace the elbow or shoulder joints. In 2002, the National Joint Registry was set up by the Department of Health and Welsh Government, UK. The registry collects the orthopedic reconstruction data from NHS as well as the data of procedures performed in NHS hospitals. According to the National Joint Registry, in 2016, the number of primary shoulder and elbow surgical cases and shoulder revision cases increased from 2013 to 2015. For elbow revision cases, a dip in the number of cases was observed in 2015. An increasing number of primary shoulder and elbow surgery and shoulder and elbow revision cases increased the market for upper extremity products in the UK. The growing adoption of upper extremity products for the treatment of revision cases will move the market in EMEA from slow to moderate during the forecast period.

Further, the report states that one challenge in market is increased pricing pressure. The global upper extremities market is under increased cost burden because of high competition and an increase in the prices of raw materials. The intense competition among companies in the market is largely based on the design and manufacturing costs of the products. For instance, a prosthetic hand costs around $40,000. However, with the help of 3D printing, the manufacturers and suppliers are spending only around $50-$70 to develop the prosthetic limb. Low cost in upper limb product development has encouraged many small and large companies to purchase 3D printing machines, which has eased the manufacturing-related cost burden on them. Also, they use medical grade plastic to manufacture the limbs, which helps the manufacturers to save around $20 per implant. The low manufacturing cost of prosthetic limbs has increased the market competition. The products are sold at a high price in the market as the companies are under increased pressure from insurance companies and hospitals to keep the prices fixed. In addition, local vendors offer products at low costs compared with global players, which allows consumers to select from a wide range of products. Since customers from developing countries have low awareness of new products and possess less purchasing power, they trust local companies to provide better after-sales support, which compels multinational companies to scale down their product prices, leading to price wars. This factor leads to a decrease in profit margins and an overall decline in revenue.

Browse full table of contents and data tables For Upper Extremities Market Report of 70 pages https://marketsizeforecasters.com/global-upper-extremities-market

Related Reports: -
Global Scaffold Free 3D Cell Culture Market by Manufacturers, Countries, Type and Application, Forecast to 2022
3D cell culture is an artificially-created environment in which biological cells are permitted to grow or interact with their surroundings in all three dimensions. Unlike 2D environments, a 3D cell cu...

MarketSizeForecasters.com, a Skyline Market Research LLP brand, is an online aggregator of market research reports. MarketSizeForecasters.com offers a comprehensive collection of full length reports on global and regional markets in 100+ industry verticals. We have partnered with some of the leading business and market research publishing houses and regularly update our online library to offer wide range of reports to our customers.

Market size forecasters
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketsizeforecasters.com
Website: http://marketsizeforecasters.com/

This release was published on openPR.