In a world witnessing a growing aging population and an upsurge in plastic surgery procedures, the Extremity Tissue Expanders Industry is thriving. Recent research reveals that by 2028, this global market is expected to reach a substantial value of US$ 1,842.6 million. With an impressive average year-on-year growth rate of 6.3% projected for the period from 2018 to 2028, the extremity tissue expanders sector holds immense promise. These findings underscore the dynamic landscape and the pivotal role of this market in meeting the demands of an evolving healthcare industry.
Extremity Tissue Expanders Market: Overview & Analysis
It is observed that reconstructive procedures have undergone a tremendous shift from conventional invasive procedures to minimally invasive surgeries. Advancements and development of long-lasting improved extremity tissue expanders are expected to be the key factors driving the growth of the industry. Presently, advancements in technology have led to the development of extremity tissue expanders, with an expansion of potential shape types. There are several limitations of traditional and conventional medical surgeries, such as long recovery time, more chances of infection, and highly expensive procedures. These limitations have resulted in a shift to minimally invasive procedures. Extremity tissue expanders today have become extremely versatile in nature with patients’ like-mindedness in going forward with the procedure. This transformation has led to a positive impact on the global extremity tissue expanders market growth. The number of surgeries with extremity tissue expanders is expected to increase with other prevalent factors supporting the rise of the extremity tissue expanders market in terms of adoption.
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The availability alternative treatment options for reconstructive surgeries, may hamper the growth of the global extremity tissue expanders market. To leverage the presence of a large patient pool, various medical device companies involved in the extremity tissue expanders market and new entrants are developing treatment options that can improve the care for reconstructive procedures. Moreover, the European Medical Agency has very stringent regulatory approval standards due to which most of the products fail to reach the extremity tissue expanders market. Several extremity tissue eexpandermanufacturers are focusing on the development of new products. However, due to stringent regulations and lengthy approval process, most of the products do not reach the extremity tissue expanders market, which hampers the growth of extremity tissue expanders market to a certain extent, and hence alternative treatment options are getting adopted. Market is segregated into definite terms but the lack of procedure and products in developing countries effect the overall extremity tissue expanders market growth and rise in alternative support care.
Breast reconstruction segment by product type is expected to dominate the global extremity tissue expanders market. The breast reconstruction segment is expected to ain a market value of US$ 943.4 Mn in the global extremity tissue expanders market during 2017. This is due availability of favorable reimbursement scenarios for the treatment of breast cancer. The breast reconstruction segment if extremity tissue expanders by product type are also expected to grow at fa aster rate and it is anticipated to row at a CAGR of 6.3% over the period of 2018-2028 owing to a rise in number of breast reconstruction procedure throughout the globe. Scalp reconstruction and oral and maxillofacial reconstruction segment of extremity tissue expanders market by product type are expected to be the less lucrative in terms of value.
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By shape type, anatomical segment of extremity tissue expanders market is expected to gain maximum market share and estimated to reach a market value of US$ 682.9 Mn in 2028. This is due variety of products with anatomical shape are available in the extremity tissue expanders market. Among all end users, the hospital segment is expected to be the most lucrative segment for the extremity tissue expanders market though a maximum number of breast reconstruction surgeries are performed in hospitals.
North America is the expected to dominate the global extremity tissue expanders market in term of value by region. North American region for extremity tissue expanders is estimated to gain market value of US$ 233.7 Mn in 2018, though this North America hold the maximum number of key manufacturers for extremity tissue expanders. After North America, extremity tissue expanders market is then followed by Europe and APEJ. By region, APEJ is anticipated to show faster growth than other regions in the global extremity tissue expanders market, and the APEJ region is projected to grow at a CAGR of 7.7% over the forecast period.
Extremity Tissue Expanders Market: Companies
FMI’s report tracks some of the key companies operating in the extremity tissue expanders market, such as GC Aesthetics Plc., Koken Co. Ltd., Allergan Plc., Mentor Worldwide LLC, Laboratories Arion, Wright Medical Group N.V. Groupe Sebbin SAS, Sientra Inc., Guangzhou Wanhe Plastic Materials Co. Ltd., and Guangzhou Wanhe Plastic Materials Co., Ltd.
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Segmentation
The report offers a comprehensive taxonomy of ethe extremity tissue expanders market based on product type, shape type, end user, and region. Based on product type extremity tissue expanders market is segmented as Breast Reconstruction, Scalp Reconstruction and Oral and Maxillofacial Reconstruction. Based on shape type extremity tissue expanders market is segmented as round, rectangular, crescent, anatomical, and others.
The global extremity tissue expanders market report also includes the end-user segment which covers hospitals, ambulatory surgical centers, and cosmetics clinics. The extremity tissue expanders market has been analyzed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and MEA.
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