Global Extremity Reconstruction Market: Overview
Over the years, reconstructive surgical procedures have proved useful for various injuries, abnormalities, and congenital defects in either upper extremity or lower extremity of human body. The increased awareness amongst patients to lead a healthy lifestyle has led the patients and healthcare providers to adopt extremity reconstruction surgeries to meet the functional restoration of limbs and organs. Coupled with this, constant technological advancements in the reconstruction implants, most notably the developments in biomaterials, have provided a robust background for the expansion of the global extremity reconstruction market.
The report is prepared with the help of a wide spectrum of primary and secondary researches and offers comprehensive insight into the key dynamics, the current market status, and offerings of key players including major marketed and pipeline products. The research analysis provides a detailed assessment of the strategic dynamics, regulatory landscape, and disruptive technologies expected to shape the competitive scenario in major regions.
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An elaborate analysis of the reimbursement considerations and innovations in implants help market participants identify the factors that are likely to stir up the demand for various extremity reconstruction materials in major regions. The report takes a closer look at various trends and analyzes the prominent trends and identifies the unmet needs in major regions in the market.
Global Extremity Reconstruction Market: Trends and Opportunities
The increasing incidence of degenerative joint disease, traumatic and sports related injuries, and congenital diseases of the limbs, combined with the rising awareness among patients to lead an active lifestyle, is driving the market. Technological advances related to innovative implants for the extremity reconstruction are expected to propel the growth of the market. Furthermore, an alarming rise in obesity has augmented the risk of degenerative joint diseases. Coupled with this, the rising prevalence of arthritis is anticipated to propel the demand for extremity reconstruction. In addition, reconstruction in lower extremity has witnessed vast developments boosting the market growth in major regions.
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High cost of reconstruction surgeries and the inherent complications are significant considerations for the patients and care providers. In addition, lack of careful preoperative planning and inability to meet the site-specific requirements are the factors likely to impede the market growth. However, emerging implant technologies that focus on recreating patient’s anatomy and restoring natural joint functions are expected to unlock exciting opportunities for the market players to capitalize on. In addition, the preference of stem-less shoulder replacement over conventional stemmed prosthesis for patients with post-traumatic osteoarthritis of the shoulder is expected to create prominent investment pockets across major geographic regions.
Global Extremity Reconstruction Market: Regional Outlook
The developing countries in Asia Pacific region are expected to exhibit vast potential for the growth of the extremity reconstruction market. Advances in biomaterial implants and reconstruction procedures have stimulated the demand for lower extremity reconstruction market in emerging and developed regions. A continuous increase in the aging population in various developed regions, such as the U.S., has augmented the incidence of arthritis propelling the demand for extremity reconstruction. In addition, approval of new total ankle replacement system by the U.S. FDA has fuelled the regional growth.
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Global Extremity Reconstruction Market: Competitive Landscape
Key manufacturers of the extremity construction materials are bringing out innovative implants that are wear and corrosion resistant to gain a stronghold in the market. Leading players are making improvements in reconstruction procedures to boost clinical outcomes. Prominent market players operating in the extremity reconstruction market include Stryker Corporation, Smith & Nephew plc, Zimmer Biomet Holdings, Inc., Wright Medical Group N.V., Integra Lifesciences Holdings Corporation, CONMED Corporation, and Arthrex, Inc.
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