About Lower Extremity Devices
The Lower extremity devices used in surgeries of lower extremities such as hip, knees ankle joint, foot, etc. These device facilitates day to day locomotive normal movements to patient. In the disable sports events such as Paralympics these devices play a vital role for players it is like a lifeline to them. The lower extremity is normally indicated part of the body below hips to toes. Lower Extremities include hip, knee, ankle joints, bones of the thigh and foot. In Anatomical terms, extremities refer to Limb or Apppendagesof of the body. In the Winter season, it is important to protect the extremities both upper and lower by gloves, socks, and shoes to avoid the pain. Lower Extremities are equally important to the body as the brain for locomotive activities. Lower extremities disability may cause a life-threatening part of their life.The increasing no of orthopedic surgeons facilitating quick treatments to disorder related bones and muscle.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The growing technological advancement in the medical and healthcare sector giving a lifeline to many patients out there, taking the benefits of device life becoming far easier than before.The manufacturers coming with innovation and easy to use features attracting the medical professionals . There is strong competition between top companies due to technological advancement and innovation in the device. The companies also using options like mergers and acquisitions to earn more profit. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Smith And Nephew (United Kingdom), Acumed (United States), Alphatec Spine (United States), Zimmer Biomet (United States), Integra Life Sciences (United States), Semprus Biosciences (England), DePuy Synthes (United States), Conmed (United States), DIGIMED Ortho (Philippines) and College Park (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Endolite USA (United States), Fillauer (United States), Freedom Innovations (United States) and Ossur (Iceland).
Segmentation Overview
AMA Research has segmented the market of Global Lower Extremity Devices market by Type (Braces & Supporting Systems, Accessories and Ortho-biologics), Application (Surgery and Diagnosis) and Region.
On the basis of geography, the market of Lower Extremity Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Characteristics, the sub-segment i.e. Motion Control will boost the Lower Extremity Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metallic will boost the Lower Extremity Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Lower Extremity Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand For Robot-Assisted Total Hip Arthroplasty(Tha) With Higher Precision In Component Orientation
Market Growth Drivers:
Growing Feet And Bone Associated Disorders, Increasing No Of Orthopedic Surgeons and Highly Used in Accidental Fractures
Challenges:
Low Durability And Shelf Life Of Devices and High-Cost Associated with the Device
Restraints:
Metal Has Corrosion Properties Harmful For Human and Dis-Comfortable And Low Compliance to Adopt The Device
Opportunities:
Advancement In Orthopedic Division, Growing Paralympics Games On National And International Platforms and Advancements In Orthopedic Devices
Market Leaders and their expansionary development strategies
In April 2019 Smith and Nephew the global medical technology business announces completion of the acquisition of Osiris Therapeutics in USD 19.00 per share in cash representing a total equity value of approximately USD 660 million.
In July 2019 Alphate Holdings a medical company announced the commercial release of Invictus a comprehensive spinal fixation platform designed to address a range of pathologies through minimally invasive (MIS) open or a hybrid approach. Invictus platform incorporates and improves upon the learnings and posterior fixation. Invictus will be the foundation for ATEC’s thoracolumbar surgical approaches and is a proxy for the sophistication that will be reflected across the entire ATEC portfolio. With the introduction of the Invictus systems, ATEC has launched seven of twelve products planned for 2019.
FDA promotes a regulation under section 515(b) of the act requiring premarket approval for a device, section 501(f)(1)(A) of the act applies to the device. Because of resurfacing techniques, certain joint prostheses require far less bone resection than other devices intended to repair or replace the same joint.All the above sections required to be approved before it launches in the market
Key Target Audience
Manufacturers, Distributors/Traders/Wholesalers, Subcomponent Manufacturers, Industry Association, Downstream Vendors, Investors and Research firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.