$3.6+ Billion Extremity Reconstruction Market: 2021-2030 Insights Study by Allied Market Research

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/1716

A new study by Allied Market Research reveals significant growth in the extremity reconstruction market, projected to rise from $3.6 billion in 2020 to $6.5 billion by 2030, with a compound annual growth rate (CAGR) of 6.3%. Extremity reconstruction devices play a crucial role in repairing and replacing damaged extremities, including shoulder, elbow, wrist, foot, and ankle joints. Below are key insights from the report:

Market Overview
• Market Size (2020): $3.6 billion
• Market Size (2030): $6.5 billion
• CAGR: 6.3% (2021-2030)

Key Market Drivers
• Aging Population: The increase in the geriatric population, leading to a rise in arthritis cases, fuels the market growth.
• Accidents & Abnormalities: Growing incidences of extremity injuries due to accidents and congenital defects are boosting the demand for reconstruction surgeries.
• Technological Advancements: The adoption of 3D-printed implants and improved surgical techniques enhances the reconstruction outcomes.

Market Segmentation
1. By Product Type:
• Upper Extremity Devices: Shoulder, elbow, hand, and wrist reconstruction.
• Expected to grow at the fastest rate.
• Shoulder reconstruction is the largest revenue generator due to technological advancements and increasing patient preference.
• Lower Extremity Devices: Foot fusion, ankle fusion, and ankle reconstruction.
2. By Material:
• Metallic Materials: Dominating the market due to their strength and suitability for joint replacements.
• 2020 Value: $3.1 billion
• 2030 Projection: $5.4 billion
• Other materials include ceramic, polymer, and natural materials.

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3. By Region:
• North America: Leading the market with $1.3 billion in 2020, expected to reach $2.0 billion by 2030.
• Asia-Pacific: Fastest-growing region, projected to grow from $1.1 billion in 2020 to $2.4 billion by 2030, driven by a rapidly aging population.

Key Trends
• 3D-Printed Implants: Companies like Stryker are heavily investing in 3D-printed components for better outcomes in knee and shoulder surgeries.
• Focus on Shoulder Arthroplasty: This area is gaining traction due to its ability to treat glenohumeral articulation disorders, improving patient quality of life.

Major Players in the Market
• DePuy Synthes (Johnson & Johnson)
• Stryker Corporation
• Smith & Nephew plc
• Integra Lifesciences Holdings Corporation
• Arthrex, Inc.

Full Research@https://www.alliedmarketresearch.com/purchase-enquiry/1716

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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