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research report presents actionable intelligence on various factors which will help buyer in identifying major parameters impacting the market; analyzing the market performance of key companies; understanding the market dynamics of the key segments; outlining the market performance across regions.
The term 'extremity' is used to refer to a person's limbs and their various parts. The lower extremities include foot, toes, ankles, knees, and thighs. The extremity products are used to treat, repair, replace, or heal extremity injuries such as fractures and damage. These products include external recovery braces, surgical implants, joint replacements, biologics, and external support implants. The braces and supporting systems will drive the overall growth of the market owing to the increasing number of primary knee and hip arthroplasty procedures and revision procedures. The extremity market is a part of the orthopedic devices market and will be the fastest-growing segment of the market during the forecast period.
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Lower Extremities Market Drivers, Challenges and Trends: –
Market Driver: – one driver in market is hip replacement procedures in UK. The joint replacement surgeries such as hip and knee replacement and revision procedures are increasing the need for lower extremity products in the market. For the replacement procedure, artificial implants are used, which replaces the joints in hip and knees. In 2002, the National Joint Registry was set up by the Department of Health and Welsh Government, UK. The registry collects the orthopedic reconstruction data from the NHS and procedures performed in the NHS hospitals. According to the National Joint Registry, the number of revision hip replacement procedures performed in 2014 and 2015 were 8,176 and 7,214, respectively. For hip replacement revision cases, a dip in the number of cases was observed in 2015 owing to the increased use of advanced lower extremity products.
Market Challenge: – one challenges in market is high procedure cost. Hospitals and surgical centers are under constant pressure to deliver quality care at low cost. However, this has become difficult due to the implementation of advanced procedures that involve the use of sophisticated devices. Hospitals and ASCs need to consider various procurement processes and budget allocation considerations before purchasing such devices. To increase their budget, hospitals sometimes implement the procedure cost, which can be high for the individuals. It increases cost burden on them, which hinders the market adoption. High procedure cost can impact the market growth negatively.
Market trend: – One trend in market is growing popularity of MI procedures. Traditional open surgeries can cause post-operation complications such as pain, partially collapsed lungs, blood clots, fatigue, muscle atrophy, and infections. The anesthesia administered before surgeries can cause nausea, sore throat, confusion, and sleepiness. To reduce such complications, medical facilities have started implementing MI techniques in their surgical procedures
Market segmentation by products:- Braces and supporting systems, Accessories, OrthobiologicsMarket segmentation by procedures, Joint replacement and fracture, Nerve diseases and soft tissue injuriesMarket segmentation by end user, Hospitals and clinics, ASCs ; Geographic Segmentation: – Americas, APAC, EMEA
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To determine the Lower Extremities market size the report considers the revenue generated from the sales of various types of products that are used for treatment purposes. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Lower Extremities market space like DePuy Synthes, Stryker, Zimmer Biomet, Active Implants, Acumed and many more.
Some key points of Lower Extremities Market research report: –
What is status of Lower Extremities Market? This Overview Includes Analysis of Market trends, Prospect, Growth trend, Key buying criteria, Product offerings, Key takeaways. What will the market size be in 2021 and what will the growth rate be?
What Is Lower Extremities Competitive landscape considering Manufacturers, Types, Application; their business segmentation by revenue?
Market Effect Factors Analysis: What Are Drivers, Challenges and their impact? What are the crucial market trends?
Decision framework of Lower Extremities Industry; Consumer Needs or What Change Is Observed in Preference of Customer of Lower Extremities Market
What is Lower Extremities Market forecast Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.
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