Extremities (Shoulder and Small Joint Implants)

Oct. 28, 2011 - PRLog -- The global extremities market is forecast to reach $1.4 billion by 2017, with a Compound Annual Growth
Rate (CAGR) of 7% from 2010–2017. Extremity joint implants are used to replace joints which are worn out due to arthritis or injuries. Technological advancements in the field of extremity devices have resulted in products with better design and improved functionality. Technological advancements along with an increase in incidence of arthritis are driving the growth of the global extremities market.

The key factor behind the growth of the extremities market is an increase in prevalence of osteoarthritis. Increase in prevalence of osteoarthritis can be attributed to aging population. Osteoarthritis is a degenerative disease and extremity devices are used to replace the joints which are worn out due to osteoarthritis. Knee, hip, hand, spine, neck and big toe joints are the areas most commonly affected by osteoarthritis.

Globally, the population of those aged 65 years and above is growing at a rate of 6.4% per annum. In the
US, the percentage of people aged 65 years and above is forecast to grow from 19.4% in 2010 to 35.1% in 2050. Furthermore, emerging economies such as China are also expected to experience an increase in the population aged 65 years and above. In China, this age group is expected to grow from 11.4% in 2010 to 38% in 2050. According to Arthritis Research UK, 16% of people in the UK who are aged 65 and above have consulted a doctor regarding osteoarthritis.

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In 2010, the US’ revenue contribution towards the global extremities market was 53%. By 2017, the US extremities market is forecast to reach $777.4m, at a CAGR of 9%. The market is expected to grow as a result of rapid technological advancements in the field of extremities.

DePuy Orthopedics, Inc., Tornier Inc. and Zimmer Holdings, Inc. were the top three companies in the global extremities market, and accounted for a 55% share of the total market in 2010. All three companies operate in similar segments, have strong product lines and are present across most geographic regions.

GlobalData’s new report, “Extremities (Shoulder and Small Joint Implants) - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global extremities market. The report provides market landscape, competitive landscape and market trends information on the extremities market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.


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