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A recent report published by Infinium Global Research on orthopedic digit implants market provides an in-depth analysis of segments and sub-segments in global as well as regional orthopedic digit implants market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional orthopedic digit implants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global orthopedic digit implants market. According to the report the global orthopedic digit implants market is projected to grow at a CAGR of 7.3% over the forecast period of 2018-2024.
Orthopedic digit implants is a medical instrument designed for the replacing damaged joint and bone such as knee, fingers, toes, elbow, and ankle. Orthopedic digit implants are fabricated using materials such as stainless steel and titanium alloys, nitinol, cobalt-chromium and the plastic coating that performs functioning of artificial cartilage. Metatarsal joint implants (lower extremity), metacarpal joint implants (upper extremity), scaphoid bone implants, toe intramedullary implants and hemi phalangeal implants are used in orthopedic digit implants.
An autoimmune disorder such as rheumatoid arthritis (RA) is an autoimmune disease that causes joint pain and damage throughout your body. Rheumatoid arthritis is a chronic progressive inflammatory disease of the synovial joint. This disorder is generally found in the patients aging between the ranges of 40 to years. With increasing aging population across the globe, there is a possibility of people getting affected with this disease, which in turn is beneficial for the orthopedic digit implant products. Rising demand for minimally invasive surgeries for treatment of orthopedic diseases and high adoption of 3D printing technology in orthopedics are also contributing to the growth of the global orthopedic digit Implants Market. However, strict rule related to approval of procedures, post-surgery infection, and implant dislocation is some of the factors that may restrain the growth of the market. Moreover, growth and technological advances in the orthopedic digit implant opening doorways of opportunity for the market over the forecast period.
Geographically, North America dominates the orthopedic digit implants market in the year 2017. The factors responsible for the growth of the market are the adoption of orthopedic digit implants devices along with developed healthcare infrastructure facilities. Moreover, high expenditures on healthcare and improved reimbursement policies are the factors augmenting the market growth. In addition, with a rising geriatric population suffering through bone injuries along with rising road accident and sports injury is driving the market in the North America region.
The report on global orthopedic digit implants market covers segments such as product type, end-user, and material. On the basis of product type the global orthopedic digit implants market is categorized into metacarpal joint implants (upper extremity), metatarsal joint implants (lower extremity), hemi phalangeal implants, scaphoid bone implants and toe intramedullary implants. On the basis of end-user the global orthopedic digit implants market is categorized into hospitals and specialty orthopedic clinics. On the basis of material the global orthopedic digit implants market is categorized into nitinol, silicon pyrocarbon, titanium, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global orthopedic digit implants market such as Integra LifeSciences Corporation, Merete Medical, DePuy Orthopaedics, Inc, Stryker Corporation, Wright Medical Group N.V., VILEX IN TENNESSEE, INC. and TEIJIN NAKASHIMA MEDICAL CO., LTD.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global orthopedic digit implants market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of orthopedic digit implants market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the orthopedic digit implants market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the orthopedic digit implants market to understand the present and future trends in this market and formulate their strategies accordingly.
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