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Global Lower Extremities Market 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12470
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This market research report identifies suppliers like DePuy Synthes, Stryker, and Zimmer Biomet to be the key vendors in the global lower extremities market. It also presents a detailed segmentation of the global market by product (braces and supporting systems, orthobiologics, and accessories), by procedure (joint replacement and fracture and nerve disease and soft tissue injury), by end-users (hospitals and clinics and ASCs), and by geography (the Americas, APAC, and EMEA).

Overview of the global lower extremities market

Technavio’s market research analyst predicts the global lower extremities market to grow steadily at a CAGR of around 8% by 2021. One of the primary drivers for this market is the steady rise in the number of accidental injuries across the globe. It has been observed that there is an increase in the number of road and sports injuries in both the developing and developed countries. Road accidents can lead to injury in lower extremity regions, which requires bone repair products to fix. While, sports injuries can lead to injury in the legs and ankle, which are complex procedures to treat as they involve both skeleton and soft tissues. It can lead to a complex tear in the meniscal and fracture in the hip and knee, which are common sports injuries. To treat them, physicians use rotation correction plates, screws, and modular hand systems. Consequently, the growing incidences of accidental injuries (road accidents and sports injuries) can increase the need for lower extremities such as bone repair and soft tissue repair devices. These products can help in osteosynthesis and augmentation processes. This, in turn, is expected to propel the growth of the global lower extremities market during the forecast period.

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the lower extremities market throughout the forecast period. The US, accounted for almost one-third of the unit sales of lower extremity products, followed by Canada and Mexico. This is due to the availability of a wide range of products, high consumer awareness, and the presence of international brands providing innovative products. The market is largely driven by the strong performance of the hip replacement and knee reconstruction segment. Also, a rapid increase in the number of surgeons in the region is expected to augment the growth of the lower extremities market in the region during the next four years.

Competitive landscape and key vendors

The global lower extremities market is highly fragmented due to the presence of several international and regional vendors. This has influxed intense competition among players. Distribution partnerships and partnership with research institutes will help to improve product quality and product development, which in turn, can help the Tier-1 and Tier-2 companies grow in the market.

Leading vendors in the market are –

  • DePuy Synthes
  • Stryker
  • Zimmer Biomet

Other prominent vendors in the lower extremities market include Active Implants, Acumed, Arthrex, Avitus Orthopaedics, Biotech Limb and Brace, Bioventus, Bone Therapeutics, Bone Biologics, Ceramisys, ConforMIS, CONMED, CollPlant, DJO Global, Evolutis, Exactech, FH Orthopedics, Graftys, ICONACY Orthopedic Implants, Integra LifeSciences, implantcast, Isto Biologics , Lima Corporate, Medtronic, Merete Group, Össur, OsteoMed, Orthofix,  Orthogem, Promedics Orthopaedic, Regenexx,, RTI Surgical, Sigma Graft, Silver Bullet Therapeutics, Skye Biologics, Smith & Nephew, Stanmore Implants Worldwide, Surgical Appliance Industries, Wright Medical Group, and Xtant Medical.

Segmentation by product and analysis of the lower extremities market

  • Braces and supporting systems
  • Orthobiologics
  • Accessories

During 2016, the braces and supporting systems segment dominated the lower extremities market and accounted for a major part of the overall market share. Age-related conditions such as osteoporosis and arthritis coupled with the increasing number of accidental cases is the key contributor to the dominance of this segment in the lower extremities market.

Segmentation by end-user and analysis of the lower extremities market

  • Hospitals and clinics
  • ASCs

In this market study, analysts have estimated the hospitals and clinics segment to dominate the lower extremities market during the forecast period. Factors such as the hospitals’ focus on improving their brand image coupled with the capability of hospitals to procure devices in bulk, are the key contributors to the dominance of this segment in the global market.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global lower extremities market?
  • What are the key market trends impacting the growth of the global lower extremities market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global lower extremities market?
  • What are the market opportunities and threats faced by the vendors in the global lower extremities market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global lower extremities market? 

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Five forces analysis

PART 06: Market segmentation  by products

  • Braces and supporting systems
  • Accessories
  • Orthobiologics

PART 07: Market segmentation by procedures

  • Joint replacement and fracture
  • Nerve diseases and soft tissue injuries

PART 08: Market segmentation by end user

  • Hospitals and clinics
  • ASCs

PART 09: Geographical segmentation

  • Lower extremities market in Americas
  • Lower extremities market in EMEA
  • Lower extremities market in APAC

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments

PART 12: Market trends

  • Growing popularity of MI procedures
  • Technological advances
  • Increase in orthopedic outsourcing

PART 13: Vendor landscape

  • Competitive landscape

PART 14: Key vendor analysis

  • DePuy Synthes
  • Stryker
  • Zimmer Biomet
  • Other prominent vendors

PART 15: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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