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Home » Press Releases » Global Orthopedic Digit Implants Market will grow to USD 167.53 Mn by 2030 with a CAGR of 6.65%

Global Orthopedic Digit Implants Market will grow to USD 167.53 Mn by 2030 with a CAGR of 6.65%

Published Date: Apr-2022 | Report Format:Electronic (PDF)

The report 'Global Orthopedic Digit Implants' Market By Product type(Metatarsal Joint Implants, Metacarpal Joint Implants, Toe Intramedullary Digit Implants, Scaphoid Bone Digit Implants, Hemi phalangeal Digit Implants). By Material (Pyrocarbon, Titanium, Ninitol, Others). By End-User (Hospitals, Speciality Orthopedic Clinics, Home Cares). By Region (North America, Europe, Asia-Pacific). With a market size of USD 80 Mn in 2020, the Global Orthopedic Digit Implants Market Size will grow to USD 167.53 Mn by 2030 with a CAGR of 6.65%.

 

To know more about the report, Click on the link :-  https://www.strategicmarketresearch.com/market-report/orthopedic-digit-implants-market

 

Key Factors that are expediting the Market growth

  • With an increasing number of the ageing population, more awareness amongst the masses, more surgeries, and a surge in the number of disorders, accidents have been steadily rising. In addition, the growing prevalence of arthritis and the increasing burden of arthritis conditions are expected to boost the market growth.
  • Because of recent technology breakthroughs in smart implants and the growing desire for widespread and individualised treatment, the adoption of non-invasive smart implants is foreseeable. 
  • According to WHO, 9.6% of men and 18.0% of women aged over 60 years have symptomatic Osteoarthritis worldwide. The condition affects more than 31 million people in the United States.

 

Based on Type, the Metatarsal joint Implants held the most significant market share in 2020

By Type, the Metatarsal joint Implants are expected to drive market growth based on the product. Reasons fuelling the development of the segments are the increasing arthritis incidents and growing rates of accidents. 

 

Based on Material, the Metatarsal joint Implants dominated the market share value in 2020

By Material, the Titanium segment has the highest Orthopedic Digit Implants Market Share due to its strength and thermal, elastic, non-reactive, and non-magnetic properties.

 

Based on End-user, the Metatarsal joint Implants held the largest market share in 2020

By End Users, the Hospitals segment held the largest market share due to its improved quality and affordability all around the world.  

 

Based on Type, the Metatarsal joint Implants held the most significant market share in 2020

By Region, North America leads the Orthopedic Digit Implants Market Share due to its better healthcare facilities and efficient reimbursement processes.

 

THE NORTH AMERICAN REGION SIGNIFICANTLY DOMINATED THE MARKET IN 2020

The prevalence of Osteoarthritis in the senior population, insurance coverage availability, and better R&D infrastructure was attributed to the growth. Also, several trauma and accident cases and a trend of Minimally Invasive Surgeries are expected to surge the demand for orthopedic digit Implants in North America.

 

IMPORTANT MARKET PLAYERS:

Some of the key players in this Orthopedic Digit Implants Market field include Johnson and Johnson Services, Wright Medical Group N.V, Teijin Nakashima Medical Co.Ltd., Smith and Nephew, Stryker Corporation, Integra Lifesciences, Acumed LLC. Merete Medical GmbH, Zimmer Biomet Holdings Inc., Vilex In Tennessee Inc., Signature orthopedics Implants

 

Recent Developments

  • In February 2022, DePuy Synthes acquired CrossRoads Extremity Systems, a company that makes procedure-specific, sterile-packed implants and equipment for the lower extremities (a Johnson & Johnson Medical Devices Company).
  • In December 2021, OrthoSpin, an Israeli business that created a robotic-assisted external fixation system for orthopaedic procedures, was bought by DePuy Synthes, a Johnson & Johnson subsidiary.
  • In August 2021, The DRPx System, a wrist fracture plating technology with an enhanced ergonomic design, matched orthopaedic surgeons' approach preferences. The Orthopedic Implant Company was the first to introduce it.
  • In August 2020, DePuy Synthes Products, Inc filed a lawsuit against VOI in August 2020. DePuy Synthes Products, Inc claimed a patent violation on Veterinary Orthopedic Implants Inc.
  • In May 2021, Safe Orthopaedics received CE Mark approval for Hickory, a new treatment for the management of osteoporotic patients. The company specialises in the design, marketing and manufacture of ready-to-use technologies for back surgery, focusing on the safety of vertebral fractures.
  • In November 2020 – Stryker announced the completion of its acquisition of Wright Medical Group N.V., a medical device business specialised in extremities and biologics.
  • November 2020 – Stryker, a worldwide medical technology business, sold the ankle and finger arthroplasty product lines to DJO Global.