Genu Recurvatum Market Players 2023 High-growth Segments and their Share Forecast till 2030
Genu recurvatum market players and analysis by type, diagnosis, treatment, end user - global forecast till 2030. Genu recurvatum is also known as knee hyperextension or back knee. It is a type of condition that affects the knee joint to bend backward when the person is in standing position. This problem is more common in women than in men and commonly identified in 0.5%-1.0% of patients undergoing Total knee arthroplasty (TKA). This condition leads to stress in the posterior knee structures and anterior cruciate ligaments (ACL) which cause permanent damage of the joint.
Knee osteoarthritis or other diseases like knee discomfort can also be brought on by Genu recurvatum. Genu recurvatum can range from minor to severe. Other medical disorders include quadriceps weakness, bone abnormalities, paralysis, plantar foot flexion, and high tibial ostomies can also cause this deformity. Congenital or acquired genu recurvatum are both possible. The extremely rare syndrome known as congenital genu recurvatum (CGR) has been linked to other birth defects such talipes equinovarus, hip dysplasia, and missing patella.
The market for genu recurvatum will expand as a result of the ageing population, the high unmet needs of present treatments, and the rise in research and development spending. According to data provided by the WHO, one in eight individuals worldwide were 60 years of age or older, and by 2030, it is predicted that older people will make up one in six persons worldwide.
High cost of treatment & management genu recurvatum and related disorders, and lack of infrastructure in the middle and low income countries may hinder the growth of the market.
It is estimated that genu recurvatum market is expected to grow at a CAGR 5.50% during the forecast period of 2022-2030.
Key Players
Some of key the players in the market are DePuy Synthes Companies (Part of Johnson & Johnson Services, Inc.), Globus Medical, Inc., Medtronic plc, NuVasive, Inc., Smith & Nephew plc, Stryker Corporation, Zimmer Inc and others.
Segmentation
The Genu recurvatum market is segmented on the basis of type, diagnosis, treatment, and end-user.
On the basis of type, market is segmented into external rotatory deformity (ERD), internal rotatory deformity (IRD), and non-rotatory deformity (NRD).
On the basis of diagnosis, market is segmented into magnetic resonance imaging (MRI), x-rays, and others.
On the basis of treatment, market is classified into physical therapy, orthoses, bracing, and surgery.
On the basis of end-user, market is segmented into hospital, clinics, and others.
Regional Analysis
The Americas dominate the Genu recurvatum market owing to the rising awareness among people, and increasing healthcare expenditure. Centers for Disease Control and Prevention (CDC) has stated that out of the total annual healthcare expenditure, 86% is for people with chronic health conditions in the United States. Furthermore, increasing participation of bigger players and new marketers towards advancement in treatment approaches have also attracted a great deal of attention.
Europe holds the second position in the Genu recurvatum market. It is expected that the support provided by government bodies for research & development and improvement in reimbursement policies in healthcare will drive the market in the European region.
Asia Pacific is the fastest growing genu recurvatum market owing to the huge patient pool and developing healthcare technology.
The Middle East & Africa has the lowest market for rabies treatment market due to lack of technical knowledge and poor medical facilities.
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