Global Lower Extremities Market 2017-2021 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. —
Complete report on lower extremities market spread across 70 pages, analyzing 3 major companies and provides 58 data exhibits is now available at http://www.reportsnreports.com/reports/966148-global-lower-extremities-market-2017-2021.html .
The report, Global Lower Extremities Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the lower extremities market report, 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.
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The analysts forecast global lower extremities market to grow at a CAGR of 7.66% during the period 2017-2021. Key players in the global lower extremities market: DePuy Synthes, Stryker, and Zimmer Biomet. Other Prominent Vendors in the market are: 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.
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Further, the report states that 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.
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Release ID: 190548