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Extremity Reconstruction Devices Market By Product (Plating Systems, Bone Wedge Solutions, Screws Systems¸ Instrumentation Systems, 3D Printed Components, Joint Replacement Systems), By Application (Upper Extremity Reconstruction, Lower Extremity Reconstruction), By Material (Metallic Biomaterials, Ceramic Biomaterials, Polymeric Biomaterials) - Growth, Future Prospects, And Competitive Analysis, 2017 - 2025

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

The report titled "Extremity Reconstruction Devices Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the overall extremity reconstruction devices market, along with the market size and estimates for the duration of 2015–2025. The research study covers an in-depth analysis of market segments based on product types such as plating systems, bone wedge solutions, screw 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 reconstructions.

The market size and forecast for these regional and country-level markets are presented in this study for the period 2015–2025. Market growth rates for the forecast period 2017–2025 are also included in this report, considering 2016 as the base year.

Along with the quantitative information, qualitative evidence sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global market for extremity reconstruction devices. Tools such as key player market positioning and an appealing investment proposition provide readers with insights into the competitive landscape of the global extremity reconstruction devices market. This report concludes with a company profiles section that highlights major information about the key players engaged in the global extremity reconstruction devices market. In-depth competitive environment analysis and historical year (2015) 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 2015 to 2025, keeping in mind the above-mentioned factors.

Based on material types, the global extremity reconstruction devices market is segmented as follows:

  • Metallic Biomaterials
  • Ceramic Biomaterials
  • Polymeric Biomaterials

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 the manufacturing of materials with the ability to interact with human tissue and body fluids and 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 biomaterials (alumina, zirconia, silica, hydroxyapatite, titanium nitride, silicon nitride, etc.), and polymeric biomaterials. However, a combination of materials such as metal-on-metal, ceramic-on-metal, metal-on-polymer, and ceramic-on-polymer are observed in the market.

It is known that, currently, metallic biomaterials are a major revenue contributor due to their better tolerability, durability, and cost-effectiveness. Metallic devices are commonly used as fractured plates, prosthetic stems, shafts, plates, etc. Moreover, it is a 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 a prime component of extremity reconstruction.

Based on product types, the global market for extremity reconstruction devices is segmented as follows:

  • Plating Systems
  • Bone Wedge Solutions
  • Screws Systems
  • Instrumentation Systems
  • 3D-Printed Components
  • Joint Replacement Systems
  • Total
  • Partial
  • Reverse
  • Other (shafts, sockets, connectors, covering for cosmetic appearance, etc.)

The extremity reconstruction devices market is expected to show significant market growth during the forecast period due to the growing incidence of joint diseases such as osteoarthritis and post-traumatic arthritis due to the growing geriatric population and obese population across the globe. Newly approved reconstruction devices such as the 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 the forecast period.

It is studied that, currently, internal fixation devices such as plating systems and screw systems are dominating the market due to their 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 the extremity reconstruction devices market and hold more than 70% of the total market share.

Based on application types, the global extremity reconstruction devices market is segmented as follows:

  • Upper Extremity Reconstruction
  • Shoulder Replacement
  • Total
  • Partial
  • Revision
  • Elbow Replacement
  • Wrist Reconstruction
  • Finger Joint Replacement
  • Lower Extremity Reconstruction
  • Hip Reconstruction
  • Total
  • Partial
  • Revision
  • Knee Reconstruction
  • Total
  • Partial
  • Revision
  • Ankle Replacement

The global extremity reconstruction devices market is expected to show significant market growth during the forecast period due to the growing incidence of joint disabling diseases, trauma, the rising number of sports-related injuries, and technological innovation in reconstruction devices. Moreover, extremity replacement procedures are safe and effective ways to relieve pain and help patients resume their everyday activities. For the purpose of this study, the market for extremity reconstruction devices is segmented on the basis of application, such as upper and lower reconstruction devices. It is observed that, in the base year 2016, upper extremity reconstruction was the major revenue-generating segment due to the 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 the largest market share due to the larger scale of the 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 half of shoulder surgeries are reverse shoulder arthroplasties. The market is seeing an increase in reverse shoulder surgeries due to their growing application to patients, both elderly and geriatrics. Furthermore, surgeons are becoming more accustomed to these surgeries and their successful outcomes. The shoulder replacement market is primarily developed by smaller companies offering differentiated implants and emerging surgical techniques.

For the purpose of this study, the global extremity reconstruction devices market is categorized into:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

In the base year 2016, North America was dominating the global extremity reconstruction devices market, with the United States being the largest country-level market due to factors such as swift adoption of novel technologies, higher reference to medical assistance, better reimbursement policies in healthcare systems, and a higher cost of devices. Furthermore, the inclination to regain an active lifestyle pattern supported by higher disposable income is another factor that is assisting market growth in North America. Extremity implants are approved through the 510(k) pathway of the US FDA, which requires demonstrating the safety of a new medical device by demonstrating that it is identical to one that is already approved and on the market. This pathway decreases regulatory requirements and also allows devices to be introduced into 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 conditions, 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 the forecast period of 2017–2025.

Frequently Asked Questions:

The market for Extremity Reconstruction Devices Market is expected to reach US$ 16,663.2 Mn By 2025.

The Extremity Reconstruction Devices Market is expected to see significant CAGR growth over the coming years, at 6.1%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Zimmer Biomet, DePuy Synthes, Wright Tornier, Exactech etc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Nov 2017
Category:  Medical Devices
Report ID:   58801
Report Format:   PDF
Pages:   120
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
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