The global resection guides market is anticipated to grow at a significant CAGR 5.3% during the forecast period (2024-2031). Resection is the medical term used for surgically removing a part or all of a tissue, structure or organ and is performed for a wide variety of reasons. It may remove a tissue that is cancerous or diseased. The surgery may treat or cure a disease process. The major factor driving the demand for resection guides is the rising number of surgeries across the globe.
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Moreover, the market is also growing due to the new product launches by the players in the market. For instance, in November 2021, Stryker announced the launch of the Prophecy Infinity Resect-Through Guides. It is used for total ankle replacement surgeries and represents the latest refinement of Stryker’s industry gold standard technique that allows surgeons to improve OR efficiency. Additionally, North America is anticipated to hold a prominent share in the market owing to the rising healthcare expenditure along with rising cases of the surgery-related disease.
Some major players in the market include Zimmer Biomet Holdings Inc., and Johnson & Johnson Services, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2020, Intellijoint Surgical announced the launch of its second application, Intellijoint KNEE. It is a quick and easy-to-use surgeon-controlled navigation solution that provides real-time positional measurements of the cutting guides during total knee arthroplasty (TKA).
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Zimmer Biomet Holdings Inc., and Johnson & Johnson Services, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Resection Guides Market Report by Segment
By Type
- Knee Prosthesis
- Hip Prosthesis
- Ankle Prosthesis
- Cranial Prosthesis
By Application
- Hospitals and Surgical Clinics
- Medical Colleges
- Others
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