What’s Driving Growth in the Genu Recurvatum Market? Insights into Key Trends and Opportunities
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What fueled the previous growth in the genu recurvatum market?
In recent times, there has been robust growth in the genu recurvatum market size. Projected growth is set to increase from $7.62 billion in 2024 to $8.06 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. The reasons for this upward trend during the historical period include the widespread presence of orthopedic conditions, an aging demographic, incidents of trauma and accidents, a lack of widespread knowledge, and early detection.
What will be the genu recurvatum market size in the future?
Over the coming years, the genu recurvatum market is predicted to experience significant expansion. With a compound annual growth rate (CAGR) of 7.2%, the market is anticipated to reach a value of $10.66 billion by 2029. This prospective increase in the forecast period is due to factors such as growing awareness and education, advancements in treatment modalities, the prevention and management of sports injuries, and rehabilitation programs. Crucial trends during the forecast period encompass the integration of digital health technologies, the cooperation between orthopedic experts and physiotherapists, research into biomechanics and musculoskeletal health, a focus on pediatric and adolescent cases, and an emphasis on rehabilitative and strength training.
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What main drivers are fueling expansion in the genu recurvatum market?
The rising incidence of orthopedic diseases is predicted to fuel the future expansion of the genu recurvatum market. Orthopedic diseases include conditions that impact the bones, joints, muscles, tendons, ligaments, and cartilage – all parts of the musculoskeletal system. Knee pain is a result of genu recurvatum, which can lead to knee osteoarthritis and other orthopedic conditions. As the number of orthopedic conditions rises, so does the need for treatment, bolstering the market’s growth. For example, data from the U.S. government health agency, the Office of Disease Prevention and Health Promotion, in February 2022 predicts that 78.4 million adults will be affected by arthritis by 2040. Currently, over 52.5 million U.S. adults, comprising more than 22% of the population, suffer from arthritis. Therefore, the escalation in orthopedic diseases is promoting the expansion of the genu recurvatum market.
What key areas define the segmentation of the global genu recurvatum market?
The genu recurvatum market covered in this report 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
Subsegments:
1) By External Rotatory Deformity (ERD): Mild ERD, Moderate ERD, Severe ERD
2) By Internal Rotatory Deformity (IRD): Mild IRD, Moderate IRD, Severe IRD
3) By Non-Rotatory Deformity (NRD): Fixed NRD, Flexible NRD
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Who are the dominant players expanding their reach in the genu recurvatum market?
Major companies operating in the genu recurvatum market include Medtronic plc, Johnson & Johnson MedTech, Stryker Corporation, DePuy Synthes Inc., Zimmer Inc., Smith & Nephew plc, Arthrex, NuVasive Inc., DJO Global 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., BraceAbility, KevinRoot Medical
How are evolving market trends shaping genu recurvatum Strategies?
The genu recurvatum market is seeing a surge in popularity due to technological advancements. To maintain market dominance, major corporations in this industry are developing products that are highly advanced technologically. As an illustration, the Ortho Development Corporation, an American-based orthopedic device design and production company, launched BKS Total PSI in November 2022. This was done in a partnership with Materialise NV, a Belgium-based 3D printing/additive manufacturing company. The BKS Total PSI, powered by Materialise, enhances the predictability and control of total knee arthroplasty by providing patient-specific virtual visualization, preoperative planning, and accurate 3D-printed guidance.
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Which regions are emerging as leaders in the genu recurvatum market?
North America was the largest region in the genu recurvatum market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genu recurvatum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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