Global Lower Extremities Market - Size, Projections, Drivers, Trends, Vendors, and Analysis Through 2021 by Technavio

Technavio has published a new report on the global lower extremities market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--According to the latest market study released by Technavio, the global lower extremities market is projected to grow to USD 4.7 billion by 2021, at a CAGR of close to 8% over the forecast period.

This research report titled ‘Global Lower Extremities Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

 
The lower extremities include foot, toes, ankles, knees, and thighs. The lower extremities market includes products that are used to treat, repair, replace, or heal extremity injuries such as fractures and damage. The introduction of technologically advanced products is expected to drive the global lower extremities market over the forecast period.
 

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Based on the product, the report categorizes the global lower extremities market into the following segments:

  • Braces and supporting systems
  • Accessories
  • Orthobiologics

Braces and supporting systems

Braces and supporting systems occupied a majority 56% of the market in 2016, and their share is expected to increase over the forecast period. The introduction of advanced titanium implants and prosthetic limbs will boost the growth of the market segment,” says Srinivas Sashidhar, a lead analyst at Technavio for orthopedics and medical devices research.

The braces and supporting systems include braces, implants, and plates, which are in high demand due to the rise in individuals aged above 50 and the increasing number of accidental cases drives the adoption of these devices in the market.

Accessories

Lower extremities accessories include pins, anchors, nails, and wires, which are used independently or in conjunction with supporting devices such as plates and rods. They are mainly used for trauma and reconstructive products in shoulder replacement and elbow and wrist reconstruction.

Intramedullary (IM) nailing, minimally invasive (MI) osteosynthesis and retrograde nailing are the most adopted procedures which utilize accessories. Also, the increasing partnership between companies and rise in novel product development will boost the growth of the market segment.

Orthobiologics

Orthobiologics empowers the healing process of fractured bones through regenerative procedures such as stem cell therapy and tissue scaffolds. Companies such as OsteoMed, Skye Biologics, and Arthrex are developing orthobiologics for lower extremities,” says Srinivas.

Various entities are funding research institutes to provide quality assurance for the orthobiologic products developed. This enables manufacturers to develop innovative products and expand their portfolio and successfully tap the new markets.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • DePuy Synthes
  • Stryker
  • Zimmer Biomet

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global lower extremities market is projected to grow to USD 4.7 billion by 2021, at a CAGR of close to 8% over the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com