Lower Extremity Devices Market size was valued at USD 1.12 Bn. in 2021 and the total Lower Extremity Devices revenue is expected to grow by 7.5 % from 2022 to 2029, reaching nearly USD 2 Bn.
The lower extremity devices market refers to the market for medical devices that are used to treat or manage conditions affecting the lower limbs, such as the foot, ankle, knee, and hip. These devices include orthopedic implants, prosthetics, braces, and other devices used for surgical and non-surgical interventions.
The market for lower extremity devices has been growing in recent years due to factors such as an aging population, rising prevalence of chronic diseases such as osteoarthritis and diabetes, and increasing adoption of minimally invasive surgical techniques. The demand for these devices is also driven by a growing awareness among patients and healthcare professionals about the benefits of early intervention and the importance of maintaining mobility and function in the lower limbs.
The market for lower extremity devices is segmented by product type, end-user, and geography. Product types include prosthetics, orthopedic implants, braces and supports, and others. End-users include hospitals, orthopedic clinics, and ambulatory surgical centers. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
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Market Segmentations:
Market: By Company
- DePuy Synthes
- Stryker Corporation
- Zimmer Biomet
- DJO Global
- CONMED
- Bone Therapeutics
- Active Implants
- OsteoMed
- Medtronic PLC
Market: By Type
- Daily Support Devices
- Rehabilitation Devices
Market: By Application
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Lower Extremity Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
The report has helped our clients:
- To describe and forecast the Market size, on the basis of various segmentations and geography, in terms of value and volume
- To measure the changing needs of customers/industries
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the Market
- To gain competitive intelligence and uncover new opportunities
- To analyse opportunities in the Market for stakeholders by identifying high-growth segments in Market
- To strategically profile key players and provide details of the current competitive landscape
- To analyse strategic approaches adopted by players in the Market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships
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