Extremity reconstruction devices include implants used in the shoulder, elbow, ankle, wrist, and the digits of the hands and feet. The global extremity reconstruction devices market expected to show significant market growth during forecast period due to growing incidence of joint disabling diseases, trauma, rising number of sports related injuries and technological innovation in reconstruction devices. Moreover, extremity replacement procedures are safe and effective to relieve pain and help to resume everyday activities.

The report titled “Extremity Reconstruction Devices Market - Growth, Future Prospects and Competitive Analysis, 2021–2029” offers strategic insights into the overall extremity reconstruction devices market along with the market size and estimates for the duration 2019 to 2029. The research study covers in-depth analysis of market segments based on product types such as plating systems, bone wedge solutions, screws systems, instrumentation systems, 3D printed components, joint replacement systems, and others (shafts, sockets, connectors, covering for cosmetic appearance, etc.). Based on material type, this market is segmented into metallic, ceramic and polymeric biomaterials. The applications considered for the purpose of this study are lower and upper extremity reconstruction.

Market size and forecast for these regional and country level markets are presented in this study for the period 2019-2029. Market growth rates for the forecast period 2021-2029 are also included in this report, considering 2020 as the base year.

Along with the quantitative information, qualitative evidence sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global extremity reconstruction devices market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global extremity reconstruction devices market. This report concludes with company profiles section that highlights major information about the key players engaged in global extremity reconstruction devices market. In-depth competitive environment analysis and historical year (2019) market size data are also provided in the report. Thus, the research study provides a holistic view of the global extremity reconstruction devices market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above-mentioned factors. 

Extremity reconstruction devices market is expected to show significant market growth during forecast period due to growing incidence of joint diseases such as osteoarthritis and post-traumatic arthritis due to the growing number of geriatric population and obese population across the globe. Newly approved reconstruction devices such as Ortho System, anatomic total knee system, Alteon HA Femoral Stem, Truliant femoral components, Intellijoint hip generation 2A system, 360KS implant positioning system, Mako total hip application, Mazor X, Moto partial knee system, Y3 proximal femoral plate system, Pantheon medical balanced plating system, etc. are expected to drive significant market growth during forecast period. It is studied that, currently, internal fixation devices such as plating systems and screw systems are dominating the market due to the early functionality, widespread adoption in minimally invasive procedures, and reduced non-union risk associated with these products. Zimmer Biomet, DePuy Synthes, Wright Tornier, Exactech etc. are key players in extremity reconstruction devices market and held more than 70% of total market share.

The global extremity reconstruction devices market expected to show significant market growth during forecast period due to growing incidence of joint disabling diseases, trauma, rising number of sports related injuries and technological innovation in reconstruction devices. Moreover, extremity replacement procedures are safe and effective to relieve pain and help to resume everyday activities. For the purpose of this study, extremity reconstruction devices market is segmented on the basis of application such as upper and lower reconstruction devices. It is observed that, in the base year 2020, upper extremity reconstruction is the major revenue generating segment due to higher incidence of traumatic hand injuries, congenital deformity and growing incidence of diseases such as rheumatoid arthritis, osteoarthritis and tetraplegia.  Among the upper extremity reconstruction devices, shoulder replacement held largest market share due to the higher scale of target population. According to the Agency for Healthcare Research and Quality, approximately 53,000 people in the United States have shoulder replacement surgery each year. Currently, in the United States, more than one half of shoulder surgeries are reverse shoulder arthroplasties. Reverse shoulder surgeries trend is observed in the market due to growing application to patients, both elderly and geriatrics. Furthermore, surgeons are becoming more acclimatized with these surgeries and its successful outcomes. Shoulder replacement market is primarily developed by smaller companies offering differentiated implants and emerging surgical techniques.

In the base year 2020, North America was dominating the global extremity reconstruction devices market with United Sates being the largest county-level market due to the factors such as swift adoption of novel technologies, higher reference to medical assistance, better reimbursement policies in healthcare systems and higher cost of devices. Furthermore, inclination to regain active lifestyle pattern supported by higher disposable income are other factors that are assisting market growth in North America. Extremity implants are approved using the US-FDA’s 510(k) pathway, it requires to demonstrate the safety of a new medical device by showing that it is identical to a device that is already approved in the market. This pathway decreases regulatory requirements and also allows devices to be introduced in the market with minimal clinical data.

Asia Pacific is expected to show significant market growth during the forecast period due to growing awareness related to joint reconstruction procedures among the general population in emerging nations such as India and China. Developing economic condition, rising treatment awareness, developing healthcare infrastructure, populous countries such as China and India, growing investments and partnering of key players with local manufacturers are expected to drive the extremity reconstruction devices market growth in Asia Pacific during forecast period 2021-2029.

Extremity reconstruction devices are used to repair, replace, or heal extremity injuries such as fractures or damage to the musculoskeletal system. At present, the key market players are focusing on manufacturing of materials with abilities to interact with the human tissue and body fluids and to elicit specific biological responses. The biomaterials used in orthopedic surgery are primarily categorized as metallic biomaterials (Fe, Cr, Co, Ni, Ti, Ta, Mo, W etc.), ceramic biomaterial (alumina, zirconia, silica, hydroxyapatite, titanium nitride, silicon nitride etc.) and polymeric biomaterial. However, combination of materials such as metal-on-metal, ceramic-on-metal, metal-on-polymer and ceramic-on-polymeric material trend is observed in the market. It is studied that currently, metallic biomaterials is a major revenue contributing segment due to their better tolerability, durability and cost effectiveness. Metallic devices are commonly used as fractured plates, prostheses stems, shaft, plates etc. Moreover, it is common component in bone fixation (screws, load-bearings, pins etc.). Furthermore, metallic materials such as iron, cobalt, chromium, titanium, and tantalum would assist market growth because metallic prostheses are prime component of extremity reconstruction.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Extremity Reconstruction Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Extremity Reconstruction Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Extremity Reconstruction Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Extremity Reconstruction Devices market?
• Which is the largest regional market for Extremity Reconstruction Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Extremity Reconstruction Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Extremity Reconstruction Devices market worldwide?