Orthopedic Digit Implants Market Report (2022 to 2030) – Smith & Nephew, Stryker Corporation, Biomet, Conamed Corporation, Arthrex and Wright Medical Group NV

Growth Plus Report

NEWARK, NEW CASTLE, USA, Feb. 13, 2023 (GLOBE NEWSWIRE) — According to the latest report published by Growth Plus Reports, the global Orthopedic Digit Implant Market the clock is expected to be US$ 155.85 million by 2030 and one to grow on CAGR of 6.76% during the forecast period. Rising demand for minimally invasive surgery and increasing fracture incidence are driving the global orthopedic digit implant market. This exclusive information has been published by Growth Plus Reports in a report titled “Orthopedic Digit Implants Market – Global Outlook and Forecast 2022-2030”.

Orthopedic digit implants are medical devices that replace or reconstruct missing or damaged fingers, toes, or other parts of a hand or foot. The global orthopedic digit implant market has witnessed significant growth in recent years, driven by technological advances, increasing awareness of orthopedic conditions, and aging population.

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The global Orthopedic Digit Implants market has been analyzed from four different perspectives – Product Type, Material, End User, and Region

Excerpts from ‘Segmentation by product type’

The orthopedic digit implants market can be segmented into several categories by product type. Fingertip implant is one of the primary product categories. The distal phalanx, the bone at the tip of the finger, is replaced by these. They can be used to regain sensation, grip strength, and normal appearance of the finger because they resemble the natural shape and function of the fingers. The market expansion is anticipated to be driven by the metatarsal joint implants segment. Metatarsal joint implants are estimated to hold a huge market share owing to the rising prevalence of arthritis and increasing number of accidents worldwide. One of the most frequently performed surgeries to treat injuries is a first metatarsal-phalangeal (MTP) total joint replacement. The MTP joint, which connects the base of the big toe to the foot, uses a small, two-piece implant to replace injured or missing articular cartilage.

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The World Health Organization predicts that in 2020, approximately 1.35 million people will die as a result of traffic accidents. In addition, 20 to 50 million people are injured or disabled annually as a result of traffic accidents. These amendments are anticipated to have a major impact on the expansion of the market during the projection period.

Excerpts from ‘Partition by Content’

Based on the type of material used, the orthopedic digit implants market can be segmented into several groups. It is anticipated that the titanium segment will gain a major market share during the forecast period. This is mostly due to the many beneficial characteristics of titanium, including its strong corrosion resistance, high strength and low density. The non-toxic and non-magnetic characteristics of the material are also expected to be beneficial for biological applications. The segment will grow during the forecast period due to the similarity between titanium and the coefficient of thermal expansion and modulus of elasticity of bone.

Metal implants are one of the main types of materials. These have a reputation for longevity and biocompatibility and are made of materials such as titanium and stainless steel. Because of their durability and tendency to integrate slowly with the surrounding bone, they are often employed in digit implant surgery. Another type of material is an implant made of polymers or plastics. These are known for their flexibility and biocompatibility and include materials such as polyethylene. They are often employed in digit implant surgery because they can replicate the movement of a finger or toe. Implants made of composite materials, which include metal and polymer components, are a third type of material. Polyethylene materials blend the flexibility of polymeric materials with the strength of metal components. Bio-absorbable implants are available extracellularly and are eventually absorbed by the body, leaving only the freshly produced bone. These materials are used when it is anticipated that the bone can eventually repair and fuse to the implant.

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Excerpts from ‘By Area Division’

On the basis of regional segmentation, the global orthopedic implant market has been segmented into:

• North America

• europe

• Asia Pacific

• rest of the world

The North American region is anticipated to witness considerable market expansion during the projection period. High incidence of osteoporosis, aging population, and increasing acceptance of non-healing-interventional surgical procedures drive growth. Additionally, the emergence of new items and presence of more market participants fuel the expansion of the market in the region. The expansion of the market is anticipated to be fueled by the aging population. The number of senior citizens is increasing annually, according to statistics from Statistics Canada. It said that the population above the age of 65 is expected to account for about 6,845,502 people in 2020 and 7,081,792 people in 2021. The market is anticipated to grow due to the increasing geriatric population, which is more vulnerable to fractures and other chronic conditions.

Additionally, increasing adoption of digital orthopedic digitalization by the region is anticipated to further accelerate the expansion of the market. For example, Ensemble Orthopedics Inc. received 510(k) approval from the US Food and Drug Administration in December 2020 for the incorporation of Ensemble CMC. Ensembl CMC is intended to treat patients with osteoarthritis of the anterior region of the carpometacarpal joint (CMC) using a straightforward, minimally invasive surgical procedure.

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Excerpts from ‘Competitive Landscape’

The most significant rivals operating in the global Orthopedic Digit Implants market are listed in the competitive landscape study. Overall revenue generation, market initiatives, company overview, R&D spending, financials, company strengths and weaknesses, global presence, production capacity, production sites and facilities, market potential, and other factors are taken into consideration when making comparisons.

are among the top competitors in the global orthopedic digit implants market. Notably, several orthopedic implant manufacturers are strongly interested in implementing strategic initiatives such as mergers, acquisitions, product development, collaborations and partnerships to strengthen their market position.

For example, J&J’s DePuy Synthes introduced the Enhance Shoulder System in August 2021, which includes stemmed and stemless implants and allows surgeons to switch from stemless to stemmed during the procedure if needed. A large range of cases can be handled by the integrated system while preserving different implant sizes.

table of content

1. Introduction

   1. market ecosystem

   2. Timeline under consideration

      1. Historical Year – 2020

      2. Base Year – 2021

      3. Forecast Years – 2022 to 2030

   3. reporting currency

2. Research Methodology

   1. research approach

   2. data collection method

   3. data source

      1. secondary source

      2. primary sources

   4. market estimation approach

      1. bottom to top

      2. top down

   5. market forecasting model

   6. Limitations and Assumptions

3. premium insight

   1. Current Market Trends (COVID-19 Perspective)

   2. Key Players and Competitive Position (2021)

4. market dynamics

   1. the drivers

   2. Constraints/Challenges

   3. Occasion

5. Global Orthopedic Digit Implants Market – Analysis and Forecast, by Product Type

   1. metatarsal joint implant

   2. metacarpal joint replacement

   3. Toe Intramedullary Digit Implants

   4. Scaphoid Bone Digit Implants

   5. hemi phalangeal digit implants

6. Global Orthopedic Digit Implants Market – Analysis and Forecast, by Material

   1. pyrocarbon

   2. titanium

   3. ninitol

   4. Other

7. Global Orthopedic Digit Implants Market – Analysis and Forecast, by End User

   1. hospital

   2. Specialty Orthopedic Clinics

   3. home care

TOC issued…
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