The extremity products market lacks a clear market definition, being a very niche segment. Some of the companies generally combine some other segments, like small joint trauma market, joint replacement and reconstruction market, small joint sports medicine market and extremity biologics market in the extremities market. This lack of proper market definition poses a challenge to the exact market sizing, but on a general basis, the extremity products involve the shoulder and small joints implants. The extremity market can be sub-divided into two categories: lower and upper extremities, where lower extremities mainly involve ankle, foot and upper extremities involve shoulder, hand, elbow, and wrist. Shoulder replacement is the largest segment among all in the extremities market, followed by foot and ankle segment.
Extremity market presently holds a very small share in the orthopaedics market worldwide, as till recently the orthopaedics industry had focused mainly on the large joint and this small joints segment had been ignored, but since the focus has now shifted towards the extremities market due to the decline in the number of large joint implants, the extremities market is considered to be a bright spot and is likely to post double digit growth in the coming years.
The US has been the largest extremity market and holds a significantly large share in the global extremity market. The favoring demographics, like the increasing elderly population, increasing urbanization, growing number of diabetes and obese cases worldwide are likely to boost up the extremities market worldwide. The extremities market worldwide is consolidated, with the major seven players, DePuy, Tornier, Zimmer, Wright Medical, Biomet, Integra, and Exactech, accounting for a major share.
The present report analyzes the global extremity market. The US extremity market is also presented in the report. The report analyzes the major growth drivers which would favor the extremities market in the years to come, as well as the major issues and challenges being faced by the industry. The competitive conditions prevailing in the industry have been discussed, along with profiling of DePuy, Tornier, Zimmer, ArthoCare and Stryker.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS to determine the future direction of the industry. Before deploying the regression model, the relationship between variables was analyzed using standard SPSS output, including charts, tables and tests.