What’s The Growth Forecast For Genu Recurvatum Market Through 2023-2032?
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The global genu recurvatum market is projected to increase from $6.69 billion in 2022 to $7.12 billion in 2023, with a 6.4% CAGR, and is anticipated to reach $9.02 billion in 2027, with a 6.1% CAGR, according to The Business Research Company’s Genu Recurvatum Global Market Report 2023.
What was the major driver in the genu recurvatum market?
The genu recurvatum market is expected to thrive due to the increasing prevalence of orthopedic disorders. Orthopedic disorders impact the musculoskeletal system, encompassing bones, joints, muscles, tendons, ligaments, and cartilage. Genu recurvatum leads to knee pain, knee osteoarthritis, and other orthopedic conditions, necessitating treatment to support market growth. For example, the Office of Disease Prevention and Health Promotion predicted that by 2040, 78.4 million adults would have arthritis, with over 52.5 million American adults affected in 2022. Similarly, in 2021, Versus Arthritis reported 20,295,706 people with musculoskeletal conditions in the UK. This increasing prevalence of orthopedic disorders is a key driver of the genu recurvatum market.
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What was the key trend in the genu recurvatum market?
Technological advancements are a prominent trend in the genu recurvatum market. Leading companies are creating technologically advanced products to maintain their market presence. For instance, in November 2022, Ortho Development Corporation, in collaboration with Materialize NV, launched BKS Total PSI, enhancing predictability and control in total knee arthroplasty through patient-specific virtual visualization, preoperative planning, and precise 3D-printed guidance.
Which was the largest region in the genu recurvatum market?
North America was the largest region in the genu recurvatum market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in genu recurvatum report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the genu recurvatum market prominent players?
Major players in the genu recurvatum market are Medtronic plc, Johnson & Johnson MedTech,Stryker Corporation, DePuy Synthes Inc., Zimmer Inc., Smith & Nephew plc, Arthrex, NuVasive Inc., DJO Global Inc., Globus Medical, Inc., Össur hf, AliMed, Inc., Thuasne Ltd., Orthofix Inc, Prim SA, OrthoPro Inc., Performance Health, Trulife Group Limited, Breg Inc., Allard USA, Capstone Orthopedic Inc., Twin Cities Orthopedics, ReWalk Robotics, BraceAbility, and KevinRoot Medical.
Key genu recurvatum market segments
The global genu recurvatum market is segmented –
1) By Type: External Rotatory Deformity (ERD), Internal Rotatory Deformity (IRD), Non-Rotatory Deformity (NRD)
2) By Diagnosis: Magnetic Resonance Imaging (MRI), X-Rays, Other Diagnosis
3) By Treatment: Physical Therapy, Orthoses, Bracing, Surgery
4) By End-Users: Hospital, Clinics, Other End-Users
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The Genu Recurvatum Global Market Report 2023 provides a comprehensive overview on the genu recurvatum market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies
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