Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1398.09 Million | USD 2263.63 Million | 5.5% | 2023 |
According to the report published by Zion Market Research, the global Limb Salvage Systems Market size was valued at USD 1398.09 Million in 2023 and is predicted to reach USD 2263.63 Million by the end of 2032. The market is expected to grow with a CAGR of 5.5% during the forecast period. The report analyzes the global Limb Salvage Systems Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Limb Salvage Systems Market industry.
The alternative name for the limb salvage is limb sparing surgery. In the case of the bone tumors, this is the surgical procedure that is mostly preferred so that there are no chances of amputations. In the limb salvage surgery, the functional limb implant is planted in place of the diseased bone. The chances of the limb loss occur when a person has a peripheral vascular disease, major accident, diabetes, cancer tumor, and neuropathy.
The market for the limb salvage systems is globally fragmented into the application, product type, and end users.
Based on the application, the global market is segregated into ligamentous deficiencies, multiple arthroplasties, bone tumors, significant bone loss, and others.
Based on the product type, the market is categorized into allo-metal prostheses, metal prosthesis, and allograft. The metal prosthesis is further sub-categorized into lower extremity prostheses and upper extremity prostheses.
Based on the end user, the market is divided into hospitals, orthopedic and prosthetic clinics, and others.
At the preliminary stage of the malignancy, the consumers increasingly prefer the limb salvage surgeries to avoid the situation of amputation; this is the key factor that is driving the limb salvage systems market. The factors such as a rise in the incidences of trauma cases and the increasing prevalence of soft tissue sarcomas, bone tumors, and peripheral vascular disease are contributing significantly to the revenue growth of the limb salvage systems market.
In addition to this, the rise in the healthcare expenditure, and the increase in the insurance coverage area are also some other factors that are driving the limb salvage systems market as the number of patients that are opting for the limb sparing procedures have increased tremendously. The market vendors are getting a lot of opportunities in the market due to the wide availability of the advanced limb salvage systems thus driving the limb salvage systems market. The factors that will hamper the market growth is the post-operative complications that occur such as discrepancy in the limb length, contractures, no complete healing of the bones, and prosthetic loosening.
Report Attributes | Report Details |
---|---|
Report Name | Limb Salvage Systems Market |
Market Size in 2023 | USD 1398.09 Million |
Market Forecast in 2032 | USD 2263.63 Million |
Growth Rate | CAGR of 5.5% |
Number of Pages | 193 |
Key Companies Covered | Onkos Surgical, Wright Medical Group N.V., Zimmer Inc., Biomet, Inc., Hanger Inc., and others |
Segments Covered | By application, By product type, By end users and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The geographical diversification of the market for limb salvage systems is given as the Middle East & Africa, Western Europe, Eastern Europe, North America, Latin America, and Asia Pacific. The dominant market for limb salvage systems is North America. The factors that are contributing to this growth are the increasing awareness levels among the patients regarding the surgeries of limb sparing, the rise in the spending for the healthcare, and the increasing investments in the research and development activities. In Asia Pacific region, the market for limb salvage systems is growing with a good speed owing to the increasing cases of the bone tumors in this region.
The key market players that are involved in the limb salvage systems market include:
The Global Limb Salvage Systems Market is segmented as follows:
By application
By product type
By end users
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