Latest News- Extremity Products Market: Upper extremities is expected to lead the Type segment during 2025-2029

The Extremity Products Market is being driven by Rising prevalence of orthopedic conditions

The Extremity Products Market is expected to grow at a CAGR of 9.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2077.8 million. At orthopedic conferences, vendors in the global extremity products market have the opportunity to exhibit their innovative solutions to a targeted audience of orthopedic surgeons. These events serve as valuable platforms for knowledge exchange, with vendors distributing informative materials about their products' clinical applications. These materials may include brochures detailing clinical trial outcomes, demonstrating the efficacy of the offerings. Additionally, policymakers often attend these conferences, issuing guidelines that optimize surgical safety and effectiveness. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Upper extremities
  • Lower extremities
• End-user
  • Hospitals
  • Clinics
  • ASCs
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising prevalence of orthopedic conditions
• Rising awareness and investment in extremity products
• Growing geriatric population

However, the market also witnesses some limitations, which are as follows:

• Post-surgical complications
• High cost of extremity procedures
• Stringent regulations

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Market Scope in Extremity Products Market Research Report

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Research Analysis Overview

The Extremity Products Market caters to various orthopedic conditions including fractures from sports-related trauma, orthopedic diseases such as scoliosis and osteoporosis, spinal abnormalities, tendon injuries, disc degeneration, and joint problems like osteoarthritis and arthritis. With an aging population, there is a rising demand for products made from materials like metallic materials to address issues like broken joints, deformities in limbs, and surgery cases. Lifestyle-related diseases, including obesity and diabetes, also contribute to the market growth. 3D implants offer solutions for complex orthopedic disorders, while the increasing life expectancy fuels the need for products to address arthritis problems.

Market Research Overview

The global healthcare supplies market encompasses businesses involved in the research and development (R&D) of a diverse range of medical product categories, including orthopedic solutions for conditions such as orthopedic diseases, fractures, sports-related trauma, spinal abnormalities, scoliosis, tendon injuries, and disc degeneration. According to Technavio, the healthcare supplies market size is determined by the consolidated revenue generated by manufacturers of medical supplies, including syringes, drapes, gloves, and gowns. Market expansion will be fueled by demographic trends, specifically the increasing aging population. By 2050, approximately one-quarter of the US population and by 2030 in Europe are projected to be over 60 years old, leading to a substantial rise in demand for healthcare supplies to address the needs of this demographic.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/