Press release from: Allied Market Research – January 11, 2017
Extremity Reconstruction Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $3,041 million by 2022, registering a CAGR of 7.5% during the period 2016-2022. Shoulder reconstruction segment, which accounted for more than 70% in 2015, is expected to dominate the global market throughout the forecast period. North America held the leading position in 2015, and is expected to maintain this trend throughout.
The key drivers of the market include increase in incidence of joint disorders such as osteoarthritis & rheumatoid arthritis coupled with growth in geriatric population and global rise in the prevalence of diabetes & obesity. In addition, increase in awareness among patients about the benefits of small joint reconstruction implants and improvement of technology such as development of stemless shoulder implants, reverse shoulder implants, and ankle reconstruction implants that assist in regaining ankle mobility are expected to propel the market growth. However, unfavorable reimbursement scenario and complications associated with extremity reconstruction surgeries hamper the market growth.
Summary of Extremity Reconstruction Market Report can be accessed on the website at www.alliedmarketresearch.com/extremity-reconstruction-market
“Shoulder reconstruction segment dominated the upper extremity market owing to technological advancements in shoulder implants such as reverse shoulder implants and stem less shoulder implants, increasing number of patients opting for shoulder reconstruction surgery, and its positive clinical outcomes.‐ ‐In the shoulder reconstruction segment, stemless shoulder implants are expected to grow at a fastest rate, owing to their associated benefits such as minimal pain, less blood loss, and faster recovery” states Deepa Tatkare, Research Analyst, Healthcare Research at AMR.