Market Brief: Extremity Replacement Market Expected To Reach $2Bn By 2024

Despite COVID-19, the market for extremity replacement implants looks healthy in the medium-term, with strong growth predicted as elective surgeries return.

X-ray of a sore shoulder

The market for extremity replacement implants is expected to reach nearly $2bn by 2024, a healthy rebound given the almost 11% dip in 2020 due to COVID-19. This marks a compound annual growth rate (CAGR) of 3.9%, according to a new Meddevicetracker forecast.

Geographically, in 2019, the US accounted for 58% of the extremities replacement implants market. The five major European markets (UK, Germany, Spain, Italy, and France) and Japan accounted for 12%...

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