Global Limb lengthening Market Size is estimated to be valued at over US$ 90 Million in 2022– and is expected to register a CAGR of above 9.0% between 2021 and 2030. Limb lengthening market is expected to surpass 100 Mn market by end of 2023, primarily due to factors such as prevalence of short stature and leg length discrepancy.
Limb lengthening Competition Landscape
In 2022, the top five limb lengthening manufacturers are NuVasive, Inc., Stryker Corporation, Smith & Nephew plc, Orthofix Medical Inc., Blue Ocean Spine GmbH, and others. These players are currently focusing on acquisitions and new product development. NuVasive, Inc. and Stryker Corp. collectively accounted for over 40% revenue share in the global limb lengthening market.
New partnerships with distributors in order to enhance sales and geographic presence
- In January 2021, NuVasive partnered with Diamond Orthopedic. The latter company will supply faceted bone screws for the former company’s PRECICE Plate for limb lengthening and reconstruction. Diamond Orthopedic screws are used to secure the plate during bone lengthening process.
Key Trends and Factors Driving limb lengthening System Market
- Acquisition Among Implant manufacturers in Order to Enhance Business Activities: Large orthopedic and spinal implant players in the industry focus on acquiring intramedullary implant system manufacturers in order to complement its solution portfolio, gain higher market share, and enhance their presence across various verticals ecosystem.
- 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.
Limb lengthening Market Analysis, By Segments
- On the basis of product type, global limb lengthening market is segmented into monolateral external fixator, circular external fixator, intramedullary fixators, accessories. intramedullary fixators segment is estimated to account for largest share in 2022.
- By user type, the global limb lengthening market is segmented into pediatric, and adult. Pediatric segment is expected to register fastest growth during the forecast period.
- By end-user, the market is segmented into hospitals & surgery centers, specialty clinics, and others. Hospitals & surgery centers accounted for the largest revenue share in 2021.
Limb lengthening Market Analysis, By Region
North America dominated the global limb lengthening market, with an estimated revenue share of above 45% in 2022. The region is expected to lose market share to Asia Pacific and Western Europe. While North America dominated the global share, Asia Pacific is expected to register fastest CAGR of 10% during the forecast period. The region will generate over 3.0 X higher revenue opportunity between 2021 and 2030.
In Asia Pacific, China will continue to dominate the limb lengthening market share during the forecast period. China limb lengthening market is estimated to be valued at over US$ 10 Million in 2022.
In Western Europe, physical limb lengthening dominated the total sales. Majority of the sales was witnessed in Germany.
Leading Limb lengthening Market Players
Some of the key companies covered in the report are:
- NuVasive, Inc.
- Stryker Corporation
- Smith & Nephew plc
- Orthofix Medical Inc.
- Blue Ocean Spine GmbH.
What Will You Discover in the Report?
- An in-depth analysis of the limb lengthening market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the limb lengthening market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the limb lengthening market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the limb lengthening industry during the forecast period
- Who are the limb lengthening industry leaders and what are the key initiatives taken by them for long term growth.
Analyst access with Bekryl Market Analysts
Purchasing of limb lengthening market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.