Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Extremity Reconstruction Market size is expected to reach $5.5 billion by 2028, rising at a market growth of 6.5% CAGR during the forecast period.
The Metallic segment acquired maximum revenue share in the Global Extremity Reconstruction Market by Material in 2021; thereby, achieving a market value of $3.7 billion by 2028. Metallic materials are incredibly strong and are the material of choice for joint replacement. The metallic materials are widely used in joining the broken bones and joints with high robustness and longevity. There is high preference for biomaterials for joint replacement devices because of the robustness.
The Lower Extremity segment is showcasing a CAGR of 5.8% during (2022 - 2028). The eventual aim of lower limb reconstruction is to provide long-lasting soft-tissue coverage above a stable skeletal repair in order to maximize bone union and maintain sensory and motor function. Flaps are chosen to reduce donor-site morbidity and improve lower-extremity function.
North America is the fastest growing region in the Global Extremity Reconstruction Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.0 billion by 2028. The Europe market is estimated to witness a CAGR of 5.8% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 7.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Smith & Nephew PLC, Stryker Corporation, Zimmer Biomet Holdings, Inc., Johnson & Johnson (DePuy Synthes), Integra LifeSciences Holdings Corporation, Medtronic PLC, ConMed Corporation, Acumed LLC, Skeletal Dynamics, LLC, Arthrex, Inc., and IDS GeoRadar s.r.l.(Hexagon AB)
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