The genu recurvatum market size has grown strongly in recent years. It will grow from $7.12 billion in 2023 to $7.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historic period can be credited to factors such as the increased prevalence of orthopedic conditions, the aging demographic, incidents of trauma and accidents, as well as limited awareness and early diagnosis.
The genu recurvatum market size is expected to see strong growth in the next few years. It will grow to $9.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The projected growth in the forecast period can be linked to increasing awareness and educational efforts, advancements in diverse treatment options, emphasis on sports injury prevention and effective management, and the development of improved rehabilitation programs. Key trends anticipated in the forecast period involve the integration of digital health technologies, enhanced collaboration between orthopedic specialists and physical therapists, research focusing on biomechanics and musculoskeletal health, attention to pediatric and adolescent cases, and an increased emphasis on rehabilitation and strength training.
The increasing prevalence of orthopedic disorders is anticipated to drive the growth of the genu recurvatum market. Orthopedic disorders encompass various conditions affecting the musculoskeletal system, leading to complications in bones, joints, muscles, tendons, ligaments, and cartilage. Genu recurvatum, a condition causing knee pain and contributing to knee osteoarthritis, is among the orthopedic disorders requiring treatment. Notably, the Office of Disease Prevention and Health Promotion reported an expected rise in arthritis cases, with 78.4 million adults projected to have arthritis by 2040. In 2022, more than 22% of the adult American population, totaling 52.5 million individuals, already had arthritis. Additionally, Versus Arthritis noted 20,295,706 people with musculoskeletal conditions in the UK in 2021. The increasing prevalence of orthopedic disorders underscores the demand for genu recurvatum treatment, fueling market growth.
The growth of the genu recurvatum market is expected to be propelled by the rising aging population. This demographic shift involves an increasing proportion of elderly individuals within society. The treatment of genu recurvatum in the aging population aims to address underlying causes and improve functional outcomes. According to the World Health Organization's projections in October 2022, it is expected that by 2030, one out of every six individuals globally will be 60 years old or older. The proportion of the population aged 60 and over is anticipated to rise from 1 billion in 2020 to 1.4 billion by 2030. Furthermore, by 2050, the global population of individuals aged 60 and older is predicted to double, reaching 2.1 billion. This demographic shift toward an older population contributes to the growth of the genu recurvatum market.
Technological advancements emerge as a significant trend in the genu recurvatum market, with major companies focusing on developing advanced products to maintain their market positions. In November 2022, Ortho Development Corporation, a US-based orthopedic device design and manufacturing company, introduced BKS Total PSI in collaboration with Materialize NV, a Belgium-based company specializing in 3D printing and additive manufacturing. BKS Total PSI, driven by Materialize, enhances total knee arthroplasty predictability and control through patient-specific virtual visualization, preoperative planning, and precise 3D-printed guidance.
Companies in the genu recurvatum market are channeling their efforts into the development of innovative solutions such as microprocessor prosthetic knees. A microprocessor prosthetic knee integrates microprocessor technology into artificial knee joints, improving the functionality and performance of prosthetic limbs. In September 2022, Össur, an Iceland-based non-invasive orthopedic equipment manufacturing company, launched the 'POWER KNEE,' touted as the world's first actively powered microprocessor prosthetic knee for individuals with knee amputation or limb differences. This groundbreaking bionic technology incorporates a motor-powered 'smart' prosthesis equipped with advanced algorithms. It can detect human movement patterns, learn from them, and dynamically adjust to the wearer's speed and cadence in real-time.
In April 2023, NuVasive, Inc., a US-based medical device company, completed a merger with Globus Medical, Inc. This strategic union brought together two esteemed technological entities within the Musculoskeletal sector. The merger aimed to enhance innovation, broaden global medical and commercial outreach, and bolster support for a larger patient base. Globus Medical Inc., a US-based firm, specializes in developing, manufacturing, and distributing musculoskeletal device solutions, including revision knee replacements.
Major companies operating in the genu recurvatum market report are Medtronic plc, Johnson & Johnson MedTech,Stryker Corporation, DePuy Synthes Inc., Zimmer Inc., Smith & Nephew plc, Arthrex, NuVasive Inc., DJO Global Inc., Globus Medical Inc., Össur hf, AliMed Inc., Thuasne Ltd., Orthofix Inc, Prim SA, OrthoPro Inc., Performance Health, Trulife Group Limited, Breg Inc., Allard USA, Capstone Orthopedic Inc., Twin Cities Orthopedics, ReWalk Robotics, BraceAbility, KevinRoot Medical.
North America was the largest region in the genu recurvatum market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genu recurvatum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the genu recurvatum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The various types of genu recurvatum include external rotatory deformity (ERD), internal rotatory deformity (IRD), and non-rotatory deformity (NRD). ERD specifically refers to a rotational deformity where the foot or leg bone is twisted outward. Diagnosis typically involves methods such as magnetic resonance imaging (MRI), x-rays, among others. Treatment options may include physical therapy, orthotic devices, bracing, or surgical intervention. The primary end users for addressing this condition include hospitals, clinics, and similar healthcare facilities.
The genu recurvatum market research report is one of a series of new reports that provides genu recurvatum market statistics, including genu recurvatum industry global market size, regional shares, competitors with a genu recurvatum market share, detailed genu recurvatum market segments, market trends and opportunities, and any further data you may need to thrive in the genu recurvatum industry. This genu recurvatum market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The genu recurvatum market includes of revenues earned by entities by providing services such as physiotherapy and strengthening of calf muscles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The genu recurvatum market size is expected to see strong growth in the next few years. It will grow to $9.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The projected growth in the forecast period can be linked to increasing awareness and educational efforts, advancements in diverse treatment options, emphasis on sports injury prevention and effective management, and the development of improved rehabilitation programs. Key trends anticipated in the forecast period involve the integration of digital health technologies, enhanced collaboration between orthopedic specialists and physical therapists, research focusing on biomechanics and musculoskeletal health, attention to pediatric and adolescent cases, and an increased emphasis on rehabilitation and strength training.
The increasing prevalence of orthopedic disorders is anticipated to drive the growth of the genu recurvatum market. Orthopedic disorders encompass various conditions affecting the musculoskeletal system, leading to complications in bones, joints, muscles, tendons, ligaments, and cartilage. Genu recurvatum, a condition causing knee pain and contributing to knee osteoarthritis, is among the orthopedic disorders requiring treatment. Notably, the Office of Disease Prevention and Health Promotion reported an expected rise in arthritis cases, with 78.4 million adults projected to have arthritis by 2040. In 2022, more than 22% of the adult American population, totaling 52.5 million individuals, already had arthritis. Additionally, Versus Arthritis noted 20,295,706 people with musculoskeletal conditions in the UK in 2021. The increasing prevalence of orthopedic disorders underscores the demand for genu recurvatum treatment, fueling market growth.
The growth of the genu recurvatum market is expected to be propelled by the rising aging population. This demographic shift involves an increasing proportion of elderly individuals within society. The treatment of genu recurvatum in the aging population aims to address underlying causes and improve functional outcomes. According to the World Health Organization's projections in October 2022, it is expected that by 2030, one out of every six individuals globally will be 60 years old or older. The proportion of the population aged 60 and over is anticipated to rise from 1 billion in 2020 to 1.4 billion by 2030. Furthermore, by 2050, the global population of individuals aged 60 and older is predicted to double, reaching 2.1 billion. This demographic shift toward an older population contributes to the growth of the genu recurvatum market.
Technological advancements emerge as a significant trend in the genu recurvatum market, with major companies focusing on developing advanced products to maintain their market positions. In November 2022, Ortho Development Corporation, a US-based orthopedic device design and manufacturing company, introduced BKS Total PSI in collaboration with Materialize NV, a Belgium-based company specializing in 3D printing and additive manufacturing. BKS Total PSI, driven by Materialize, enhances total knee arthroplasty predictability and control through patient-specific virtual visualization, preoperative planning, and precise 3D-printed guidance.
Companies in the genu recurvatum market are channeling their efforts into the development of innovative solutions such as microprocessor prosthetic knees. A microprocessor prosthetic knee integrates microprocessor technology into artificial knee joints, improving the functionality and performance of prosthetic limbs. In September 2022, Össur, an Iceland-based non-invasive orthopedic equipment manufacturing company, launched the 'POWER KNEE,' touted as the world's first actively powered microprocessor prosthetic knee for individuals with knee amputation or limb differences. This groundbreaking bionic technology incorporates a motor-powered 'smart' prosthesis equipped with advanced algorithms. It can detect human movement patterns, learn from them, and dynamically adjust to the wearer's speed and cadence in real-time.
In April 2023, NuVasive, Inc., a US-based medical device company, completed a merger with Globus Medical, Inc. This strategic union brought together two esteemed technological entities within the Musculoskeletal sector. The merger aimed to enhance innovation, broaden global medical and commercial outreach, and bolster support for a larger patient base. Globus Medical Inc., a US-based firm, specializes in developing, manufacturing, and distributing musculoskeletal device solutions, including revision knee replacements.
Major companies operating in the genu recurvatum market report are Medtronic plc, Johnson & Johnson MedTech,Stryker Corporation, DePuy Synthes Inc., Zimmer Inc., Smith & Nephew plc, Arthrex, NuVasive Inc., DJO Global Inc., Globus Medical Inc., Össur hf, AliMed Inc., Thuasne Ltd., Orthofix Inc, Prim SA, OrthoPro Inc., Performance Health, Trulife Group Limited, Breg Inc., Allard USA, Capstone Orthopedic Inc., Twin Cities Orthopedics, ReWalk Robotics, BraceAbility, KevinRoot Medical.
North America was the largest region in the genu recurvatum market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genu recurvatum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the genu recurvatum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The various types of genu recurvatum include external rotatory deformity (ERD), internal rotatory deformity (IRD), and non-rotatory deformity (NRD). ERD specifically refers to a rotational deformity where the foot or leg bone is twisted outward. Diagnosis typically involves methods such as magnetic resonance imaging (MRI), x-rays, among others. Treatment options may include physical therapy, orthotic devices, bracing, or surgical intervention. The primary end users for addressing this condition include hospitals, clinics, and similar healthcare facilities.
The genu recurvatum market research report is one of a series of new reports that provides genu recurvatum market statistics, including genu recurvatum industry global market size, regional shares, competitors with a genu recurvatum market share, detailed genu recurvatum market segments, market trends and opportunities, and any further data you may need to thrive in the genu recurvatum industry. This genu recurvatum market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The genu recurvatum market includes of revenues earned by entities by providing services such as physiotherapy and strengthening of calf muscles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Genu Recurvatum Market Characteristics3. Genu Recurvatum Market Trends and Strategies32. Global Genu Recurvatum Market Competitive Benchmarking33. Global Genu Recurvatum Market Competitive Dashboard34. Key Mergers and Acquisitions in the Genu Recurvatum Market
4. Genu Recurvatum Market - Macro Economic Scenario
5. Global Genu Recurvatum Market Size and Growth
6. Genu Recurvatum Market Segmentation
7. Genu Recurvatum Market Regional and Country Analysis
8. Asia-Pacific Genu Recurvatum Market
9. China Genu Recurvatum Market
10. India Genu Recurvatum Market
11. Japan Genu Recurvatum Market
12. Australia Genu Recurvatum Market
13. Indonesia Genu Recurvatum Market
14. South Korea Genu Recurvatum Market
15. Western Europe Genu Recurvatum Market
16. UK Genu Recurvatum Market
17. Germany Genu Recurvatum Market
18. France Genu Recurvatum Market
19. Italy Genu Recurvatum Market
20. Spain Genu Recurvatum Market
21. Eastern Europe Genu Recurvatum Market
22. Russia Genu Recurvatum Market
23. North America Genu Recurvatum Market
24. USA Genu Recurvatum Market
25. Canada Genu Recurvatum Market
26. South America Genu Recurvatum Market
27. Brazil Genu Recurvatum Market
28. Middle East Genu Recurvatum Market
29. Africa Genu Recurvatum Market
30. Genu Recurvatum Market Competitive Landscape and Company Profiles
31. Genu Recurvatum Market Other Major and Innovative Companies
35. Genu Recurvatum Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Genu Recurvatum Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on genu recurvatum market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for genu recurvatum? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: External Rotatory Deformity (ERD); Internal Rotatory Deformity (IRD); Non-Rotatory Deformity (NRD)
2) By Diagnosis: Magnetic Resonance Imaging (MRI); X-Rays; Other Diagnosis
3) By Treatment: Physical Therapy; Orthoses; Bracing; Surgery
4) By End-Users: Hospital; Clinics; Other End-Users
Key Companies Mentioned: Medtronic plc; Johnson & Johnson MedTech;Stryker Corporation; DePuy Synthes Inc.; Zimmer Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Medtronic plc
- Johnson & Johnson MedTech
- Stryker Corporation
- DePuy Synthes Inc.
- Zimmer Inc.
- Smith & Nephew plc
- Arthrex
- NuVasive Inc.
- DJO Global Inc.
- Globus Medical Inc.
- Össur hf
- AliMed Inc.
- Thuasne Ltd.
- Orthofix Inc
- Prim SA
- OrthoPro Inc.
- Performance Health
- Trulife Group Limited
- Breg Inc.
- Allard USA
- Capstone Orthopedic Inc.
- Twin Cities Orthopedics
- ReWalk Robotics
- BraceAbility
- KevinRoot Medical.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 7.57 Billion |
Forecasted Market Value ( USD | $ 9.71 Billion |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |