NEW YORK, Aug. 30, 2021 /PRNewswire/ -- A new market research report on the global extremities market has been released by Technavio. The market is expected to grow by USD 3.24 billion, progressing at a CAGR of over 8% during 2021-2025. The report presents detailed information on the upcoming trends, challenges, and uncovers successful business strategies adopted by vendors during the crisis.
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Extremities Market Report: Major Facts
Released: Aug 2021
Forecast years: 2021-2025
No. of Exhibits: 101
Companies covered: 25+ companies including dominant players such as Arthrex Inc. (US), CONMED Corp. (US), Exactech Inc. (US), Integra LifeSciences Holdings Corp. (US), Johnson and Johnson Inc. (US).
Coverage: Anatomy segment and geographical landscape.
Segmentation by Anatomy: Based on the anatomy, the market is segmented by upper extremities and lower extremities. The upper extremities segment generated maximum revenue in the market in 2020. The growth of the segment can be attributed to the increasing number of work-related injuries and road accidents. Also, the increasing incidence of sports injuries will contribute to the growth of the market during the forecast period.
Segmentation by Geography: The extremities market size is analyzed across APAC, Europe, North America, South America, and MEA. North America is currently the largest market for extremities and the region is expected to retain its position over the forecast period. The extremities market in North America is mainly driven by the presence of favorable reimbursement programs such as the Comprehensive Care for Joint Replacement (CJR) Model, the Surgical Hip and Femur Fracture Treatment (SHFFT) Model, and the Merit-based Incentive Payment System (MIPS) in the region. The US and Canada are the key markets for extremities in North America.
Major Growth Driver:
The global extremities market is driven by technological innovations. Vendors operating in the extremities market are offering technologically advanced products that can benefit both patients and healthcare professionals. For instance, the adoption of 3D printing is helping healthcare professionals and increasing the efficiency of medical procedures. Similarly, the incorporation of robotics is reducing the time required for surgeries. These technologies also help surgeons to customize implants according to patient's anatomy. Such technological advances are increasing the adoption of extremities products among end-users, thereby driving the market growth.
Gain access to a detailed customer landscape matrix comparing key industry-driven parameters by requesting a free sample: www.technavio.com/talk-to-us?report=IRTNTR45790
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Table of contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Anatomy
Comparison by Anatomy
Upper extremities - Market size and forecast 2020-2025
Lower extremities - Market size and forecast 2020-2025
Market opportunity by Anatomy
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
Asia - Market size and forecast 2020-2025
ROW - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Integra LifeSciences Holdings Corp.
Johnson and Johnson Inc.
RTI Surgical Inc.
Smith and Nephew plc
Wright Medical Group NV
Zimmer Biomet Holdings Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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