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Orthopedic Digit Implants Market share research by applications and regions for 2017-2024

Author : Rahul Sankrityayan | Published Date : 2019-08-08 

Orthopedic Digit Implants Market size is expected to grow significantly from 2019 to 2025. Orthopedic digit implants industry is anticipated to witness robust CAGR during the forecast timeline. The growth is attributable to factors such as surging prevalence of rheumatoid and osteoarthritis diseases. Orthopedic digit implants are used for substituting damaged bone and joints including toes, knee, fingers, ankle, and elbow. Moreover, technological advances such as patient specific implants (PSI) technology that is aimed at maximizing patient outcomes, lessen surgical time, and reducing total procedure cost are factors expected to boost orthopedic digit implants industry growth. Growing demand for minimally invasive surgeries should further propel orthopedic digit implants market growth over the coming years.

Increasing prevalence of degenerative joint diseases coupled with growing elderly population will foster business growth. Additionally, elderly population prone to degenerative joint diseases accelerates orthopedic digit implants market growth. Furthermore, supporting initiatives undertaken by government to spread awareness regarding the treatment of orthopedic digit implants is anticipated to boost industry growth. However, stringent regulations might hamper orthopedic digit implants industry growth to some extent.

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Metatarsal joint implants (lower extremity) segment will grow considerably during the forecast period owing to increasing prevalence of rheumatoid arthritis or osteoarthritis. Moreover, medial soft tissue enlargement of first metatarsal head is associated with conditions such as trauma, connective tissue disorders, biomechanical instability, and neuromuscular disease. Rising cases of such conditions is anticipated to boost segmental growth.

Nitinol segment is expected to grow significantly over the coming years on an account of advantages associated with nitinol material. Aforementioned advantages include active multi-axial stabilization for hammertoe arthrodesis without the requirement to freeze device before usage.

Hospitals segment is estimated to grow at a robust CAGR during the forecast timeline. The growth is attributable to factors such as increasing prevalence of osteoarthritis and rheumatoid diseases, thereby, rising orthopedic procedures in hospital settings. Additionally, surging number of degenerative joint disease cases coupled with growing demand for minimally-invasive surgical procedures are aspects expected to boost segmental growth over the analysis timeframe.

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North America orthopedic digit implants market will grow substantially during the forecast period owing to growing elderly population that is more prone to degenerative joint diseases coupled with technologically advances in orthopedic digit implants. Moreover, increasing healthcare expenditure and well-established healthcare infrastructure should favor regional growth.

Asia Pacific orthopedic digit implants industry is anticipated to witness robust CAGR over the coming years on an account of increasing number of road accidents coupled with escalating number of bone injuries. Moreover, business players focusing on emerging countries to capture more market share are factors that will boost regional growth.

Some of the major industry players operational in the orthopedic digit implants industry includes Integra LifeSciences Holdings, Merete, DePuy Synthes,    Stryker, Wright Medical, VILEX IN TENNESSEE, and TEIJIN NAKASHIMA MEDICAL. Prominent industry players focus on strategic initiatives such as acquisitions, new product launches, and mergers to capture more market share and sustain the competition in the market.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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