Published on : May 02, 2017
Albany, New York, May 2, 2017: According to the latest analyst’s estimation, the growing incidences of accidental injuries including road accidents and sports injuries can increase the need of lower extremities such as bone repair and soft tissue repair devices. This has boosted the demand for extremities products. The analysts have estimated that the global lower extremities market will gain a rapid growth with a CAGR of 7.66% till 2021. To explore the market trends and factors contributing towards this growth, a forecasted study titled “Global Lower Extremities Market 2017-2021” has been recently published to the online repository of Market Research Hub (MRH). This study offers a comprehensive evaluation of the market, by considering 2016 as a base year. To explore the market size, the report studies the revenue generated from the sales of lower extremities products used for treatment purposes.
Regionally, this report analyzes the global market into some of the major regions including Asia-Pacific, Americas, Europe and Middle East & Africa (MEA) together with the focus on some major countries. It has been observed that there is an increase in the number of road and sports injuries in both the developing and developed countries are one the major factors fuelling the market growth. The market study estimates that The Americas will be the leading revenue generator throughout the forecast period, due to the rapid sales of lower extremity products.
An extremity is an appendage of the body which has been classified into two parts; upper extremity and lower extremity. Extremity injuries can happen to anyone during sports, sudden falling or some other physical activities. Lower extremity includes hips, knees and ankle joints and bones of thigh, leg and foot. Road accidents can lead to injury in lower extremity regions, which requires bone repair products to fix. While, sports injuries can lead to injury in the legs and ankle, which are complex procedures to treat as they involve both skeleton and soft tissues. Owing to these reasons, the extremity market is considered as a part of the orthopedic devices market and also will be the fastest-growing segment of the market during the forecast period.
The extremity products are used to treat, repair or heal extremity injuries such as fractures and damage. These products include, External recovery braces, Surgical implants, Joint replacements, Orthobiologics and External support implants. As per the research findings, the braces and supporting systems will drive the overall growth of the market owing to the increasing number of primary knee and hip arthroplasty procedures and revision procedures. By procedures, the market has been segmented into joint replacement and fracture; nerve diseases and soft tissue injuries. Growing popularity of minimally invasive surgical procedures and the increase in orthopedic outsourcing are also prompting the market growth.
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Moreover, the research has also listed the leading vendors in the market, such as DePuy Synthes, Stryker and Zimmer Biomet. This subsequent section highlights the competitive landscape of the market in brief.
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