According to the recently released report by Bekryl, Global Limb Lengthening Market is estimated to be valued at US$ 90.4 million in 2022 and is expected to register 9.3% CAGR during the forecast period. Demand for limb lengthening is increasing due to prevalence of leg length discrepancy, and prevalence of short stature. Accroding to National Center for Biotechnology Information, U.S. National Library of Medicine, 2.5% of the population has short stature. However, the prevalence rate may vary with the climatic conditions of the geographical area
Excerpts from the report states that North America Limb Lengthening market is estimated to dominate the global revenue in 2022. The market in the region accounted for above 47% share in 2021. However, the region will lose basis points to Asia Pacific and Latin America. This signifies increasing product penetration in developing economies. India Limb Lengthening market is estimated to be valued at US$ 2.1 Mn in 2022.
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Few key trends from limb lengthening market:
Trend#1: Key players focus on product launches, design, regulatory approvals and venturing into pediatric end-use applications in order to broaden their solution portfolio
- In September 2021, Orthofix Medical Inc. announced its first US Pediatric implant of the Fitbone limb-lengthening system
- In 2020, WishBone Medical Inc., received FDA 510(k) clearance to market the Smart Correction External Fixation System, a hexapod external fixator solution, in order to broaden its product offerings
Trend#2: by 2030, 66.8% of Total Limb Lengthening Sales will be Dominated by Intramedullary Fixators Segment
As of 2022, over 1/2 of global limb lengthening is estimated to dominated by intramedullary fixators segment. In September 2020, NuVasive, Inc. expanded its Precice portfolio with plate for pediatric limb lengthening and reconstruction procedures. The company has received expanded FDA 510 (k) clearance for PRECISE in 2017.
Trend#3: Large orthopedic and spinal implant players in the industry focus on acquiring intramedullary implant system manufacturers
- In March 2021, Blue Ocean Spine GmbH acquired Prolixo GmbH, a German-based limb lengthening device manufacturer, in order to complement its solution portfolio. The company is expecting full scale commercialization by the end of 2023
- In March 2020, Orthofix Medical Inc. acquired assets associated with FITBONE from Wittenstein SE, a German-based manufacturer of planetary gearheads, gearing technology, and AC servo systems. The company paid US$ 18 Mn for this assets acquisition.
To purchase the report or know more about the industry, visit: https://bekryl.com/industry-trends/limb-lengthening-market-size-analysis
The top six limb lengthening manufacturers are:
- Blue Ocean Spine GmbH
- Orthofix Medical Inc.
- NuVasive, Inc.
- Zimmer Biomet
- Smith & Nephew PLC
- Stryker Corp.
About Bekryl
Bekryl Market Analysts is a global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today’s disruptive business environment. We bring together data, leader’s opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.
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