Demand for Acute Surgical Mechanical Circulatory Support System Spurred by Surging Instances of Ankle Fracture or Syndesmotic Injuries: Says Fact.MR
Fact.MR, a global research firm, in its latest study on the syndesmosis repair system market estimated that the market is likely to exhibit a significant CAGR in 2021 & beyond. The growth can be primarily attributed to rising instances of syndesmotic injuries or ankle fracture. However, the higher cost associated with the procedures might hinder the demand for the syndesmosis repair system.
“Market players are focusing on advancement of cutting-edge syndesmosis repair system which will be further adding to the expansion of syndesmosis repair system worldwide.” states Fact.MR.
Technological Progresses to Spur Demand for Syndesmosis Repair System
The rise in several ankle fracture or syndesmotic injuries is projected to increase the demand of the syndesmosis repair system. The technological progresses led to the presentation of affordable, and biodegradable syndesmosis screws which are projected to boost the demand for syndesmosis repair systems.
Fact.MR’s study also states that the surging ablation centers and healthcare infrastructure shall also fuel the global syndesmosis repair system market.
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Bioabsorbable Material Type will Gain Traction
With the emergence of novel technologies and increase in investments for research & development activities are transforming orthopaedics implant systems. There is a notable shift from metal implant systems to bioabsorbale implant systems. This is owing to the benefits that biodegradable material-based implant systems provides in contrast to conventional metal implant systems.
Another huge benefit of utilizing biodegradable material-based implant systems is that they do’nt necessitate a second surgery, since these implants destroy automatically after a period.
The UK will Remain Highly Lucrative for Syndesmosis Repair System
The US is anticipated to contribute leading shares in terms of value as well as is projected to record a notable CAGR in the coming years.
China and India are also contributing moderate shares owing to huge population base and enhancing healthcare infrastructure facilities projected to reflect a remarkable expansion to the industry worldwide.
The UK is the most lucrative region for the syndesmosis repair system. GCC, S. Africa, and N. Africa are still at a nascent stage and are projected to record a moderate growth in the forthcoming years.
Development of Advanced Syndesmosis Repair System Remains Key Focal Area: Fact.MR Survey
Syndesmosis Repair System market growth is attaining impetus due to the presence of prominent players. Fact.MR’s survey with thought leaders revealed that development of advanced syndesmosis repair system will remain a key strategy for market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. Some of the players profiled in the report are Wright Medical Group N.V., Arthrex, Inc., Zimmer Biomet, Acumed, Smith & Nephew, Surgical Frontiers, Acumed and Biomet, Inc. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
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