Extremity Products Market Size

Extremity Products Market size is anticipated to reach USD 24 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of extremity products was USD 12 Billion. The reason behind the growth is due to the growing incidence of arthritis across the globe driven by growing aging populations, rising rates of obesity and high BMI, physical inactivity, and deteriorating physical and mental health. It is frequently the cause of morbidity, and joint inflammation and one of the main reasons for discomfort in the upper extremity or arm including hand, wrist, and elbow. For instance, osteoarthritis is a prevalent condition that has affected more than 14% of those over 30 worldwide over the past few decades.

The growing technological advancements in orthopedic implant technology are believed to fuel the market growth. For instance, the creation of biodegradable implants is a trend toward integration in orthopedic implant technology which may lower implant rejection rates, enhance long-term results, and remove the need for follow-up surgeries.