The analysts forecast global extremities market to grow at a CAGR of 6.71% during the period 2018-2022. One trend in the market is increasing M&A activity.
The global extremities market is witnessing several M&A and partnerships. This is helping the leading vendors to increase their respective market shares and expand their operations in new geographic regions.
Companies with strong financials acquire companies that have a strong focus on R&D, which helps the acquirer develop new products.
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According to the extremities market report, one driver in the market is technological innovations. Technological innovations in extremity products have provided several benefits to both patients and HCPs.
For patients, a technologically advanced product is likely to restore mobility faster. For HCPs technological innovations help perform procedures efficiently.
For instance, the emergence of robotics and 3D printing has helped HCPs improve the efficiency of procedures. Robotics reduces the time required for surgeries.
3D printing helps surgeons customize implants according to the patient’s anatomy. Hence, the success rate of procedures are higher.
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Further, the extremities market report states that one challenge in the market is high cost of extremity procedures. Hospitals and surgical facilities are under constant pressure to deliver quality healthcare at low cost.
However, this has become difficult due to the focus on advanced procedures that involve the use of sophisticated devices. Healthcare facilities must consider various procurement processes and budget allocation considerations before they provide reimbursements for such devices.
To increase their budget, hospitals sometimes increase the procedure cost, which can be high for patients as it increases their cost burden, which affects the adoption of such procedures. High procedure cost can affect the growth of the global extremities market.
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Key players in the global extremities market: Johnson & Johnson, Smith & Nephew, Stryker, Wright Medical, Zimmer Biomet, Arthrex, Biotech Limb and Brace, Bioventus, Ceramisys, CollPlant, Colson Associates, CONMED, Corin, DJO Global, EVOLUTIS, EXACtech, GROUP FH ORTHO, FX Solutions, Graftys, implantcast, Integra LifeSciences, Isto Biologics, Lima Corporate, Merete Technologies, Myomo, NovaBone, Orthofix, Ossur, Promedics Orthopaedic, Regennex, RTI Surgical, Silver Bullet Therapeutics, Skeletal Dynamics, Skye Biologics, Surgical Appliance Industries, Trimed and Xtant Medical
Few Points from List of Exhibits Market:
Exhibit 1: Parent Market: Global Orthopedic Devices Market
Exhibit 2: Global Orthopedic Devices Market: Segments
Exhibit 3: Global Extremities Market: Market Characteristics
Exhibit 4: Global Extremities Market: Overview of Segmentation
Exhibit 5: Global Upper Extremities Market: Overview of Segments
Exhibit 6: Global Lower Extremities Market: Overview of Segments
Exhibit 7: Market Definition: Inclusions and Exclusions Checklist
Exhibit 8: Global Extremities Market: Market Size 2017
Exhibit 9: Validation Techniques Employed For Market Sizing 2017
Exhibit 10: Global Extremities Market 2017-2022 ($ Millions)
Exhibit 11: Global Extremities Market: Year-Over-Year Growth 2018-2022 (%)
Exhibit 12: Five Forces Analysis 2017
Exhibit 13: Five Forces Analysis 2022
Exhibit 14: Bargaining Power of Buyers
Exhibit 15: Bargaining Power of Suppliers
Exhibit 16: Threat of New Entrants
Exhibit 17: Threat of Substitutes
Exhibit 18: Threat of Rivalry
Exhibit 19: Market Condition: Five Forces 2017
Exhibit 20: Market Condition: Five Forces 2022