According to the current analysis of Reports and Data, the Global Extremities (Shoulder and Small Joint Implants) Market was valued at USD 2.27 Billion in 2020 and is expected to reach USD 3.82 Billion by year 2028, at a CAGR of 6.8%.
The Extremities market is a compact portion of the orthopedic industry which is driven by the rise in procedures for orthopedic, surgeons due to an increase in ageing population and high global awareness for better treatment for such a high cost.
Patients recover quickly due to advancements in technology and due to the introduction of robotics and 3D printing. Development of new shoulder and ankles and less invasive devices have driven the growth in this market. The restraint such as high manufacturing cost of these operations are pressurising hospitals a lot to opt for the procedures at a very low cost is draining the growth of this market.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Johnson Johnson, Smith Nephew, Stryker, Wright Medical and Zimmer Biomet
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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Further key findings from the report suggest:
- Elbow type segment is the growing at a CAGR of 6.3% during the forecasted years of 2019-2026 and accounted a market share of 19.2%
- Extremities Market is fastest growing at a CAGR of 9% in Asia Pacific followed by North America respectively owing to increasing cases of obesity and bone disorders related to it
- Upper Extremity Devices has the dominated the market with a share of 67.9% in 2018 due to high occurrence of orthopedic disorders in shoulders
- Orthopedic clinics are projected to be the fastest expanding end-users in this market at a CAGR of 7.2%
- Revenues from ambulatory surgical centres will increase at a CAGR lower than those from orthopedic clinics and hospitals i.e. 6.2% through 2026
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On basis of product types and application offered by the Extremities (Shoulder and Small Joint Implants) industry, the market is segmented into:
Product Type: (Revenue, USD Million; 2020–2028)
- Upper Extremity Devices
- Hand and Wrist
- Lower Extremity Devices
Material: (Revenue, USD Million; 2020–2028)
End Use: (Revenue, USD Million; 2020–2028)
- Ambulatory Surgical Centres (ASC’s)
- Pharmaceutical and Biotech Companies
- Orthopedic Clinics
The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Extremities (Shoulder and Small Joint Implants) market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
In-depth regional analysis includes:
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of EU)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Benefits of Extremities (Shoulder and Small Joint Implants) Market Report:
- Panoramic overview of the opportunities and risks in the Extremities (Shoulder and Small Joint Implants) sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Extremities (Shoulder and Small Joint Implants) industry
- In-depth assessment of the competitive landscape of the key players of the Extremities (Shoulder and Small Joint Implants) industry
- Analysis of the Extremities (Shoulder and Small Joint Implants) market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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