Market Overview:
The global orthopedic digit implants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of finger and hand injuries, rising geriatric population, and technological advancements in implant design and materials. Based on type, the global orthopedic digit implants market is segmented into silicon pyrocarbon, nitinol, titanium, and others. Silicon pyrocarbon is expected to be the fastest-growing type segment during the forecast period due to its high strength-to-weight ratio and biocompatibility. Based on application, hospitals are expected to account for the largest share of the global orthopedic digit implants market in 2018 followed by orthopedic clinics.
Product Definition:
An orthopedic digit implant is a medical device that is used to replace a bone in the hand or foot. This type of implant is often used to treat injuries or deformities that have caused damage to the bones in these areas. Orthopedic digit implants can help improve function and mobility in the hand or foot, and can also help improve appearance.
Silicon Pyrocarbon:
Silicon pyrocarbon is a new material that has gained popularity in the orthopedic industry. It is a type of ceramic that contains silicon and carbon. Silicon pyrocarbon has applications as bone cement, hard tissue fillers, and soft tissue repair devices among others.
Nitinol:
Nitinol is a chemical compound derived from the nitric acid and amylose. It was first discovered in 1875, by an Englishman named Alfredo Gattes who was working for a company called Industrial Chemical Manufacturers Ltd. (ICM). The company later changed its name to Amsyn Inc., which is now known as AMSCAN, one of the major global manufacturers of medical-grade stainless steel products.
Application Insights:
The others segment held the largest market share in 2017. This is due to an increase in the adoption of these devices for various orthopedic applications such as hand, hip and knee replacement surgery. The hospitals segment is expected to witness lucrative growth over the forecast period owing to a rise in geriatric population, which increases the risk of developing conditions like osteoarthritis and rheumatoid arthritis. As a result, there has been an increase in demand for total hip replacement procedures across hospitals globally.
On average, around 20 million people suffer from some form of arthritis every year - this number is expected to reach 50 million by 2050 according to WHO¢â‚¬â„¢s estimates. Thus rising healthcare costs coupled with increasing prevalence rates are anticipated drive industry growth over the forecast period (2017 & 2018).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of orthopedic clinics and hospitals, high patient awareness levels coupled with relatively higher healthcare expenditure in this region as compared to other regions. The U.S., which is one of the most developed countries regarding technology adoption, is also considered as one of the major markets for these implants due to its advanced medical infrastructure and highly developed economy.
Asia Pacific region is expected to grow at a lucrative CAGR over the forecast period owing to improving economic conditions, increasing geriatric population base along with rising healthcare spending by various governments in order for better healthcare facilities & services leading towards improved outcomes & quality care delivery system are some factors responsible for regional growth.
Growth Factors:
- Increasing incidence of chronic diseases such as arthritis, diabetes, and obesity is expected to drive the demand for orthopedic digit implants over the forecast period.
- Rising geriatric population is also anticipated to boost the market growth as this population is more susceptible to chronic diseases that lead to amputation or require surgical intervention.
- Technological advancements in digit implant products are likely to propel the market growth over the forecast period. For instance, manufacturers are increasingly focusing on developing minimally invasive procedures and products that offer better patient outcomes and comfort levels. This is expected to increase adoption of these devices among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Digit Implants Market Research Report
By Type
Silicon Pyrocarbon, Nitinol, Titanium, Others
By Application
Hospitals, Orthopedic Clinics, Others
By Companies
Wright Medical Group, Integra LifeSciences, TEIJIN NAKASHIMA MEDICAL, Stryker, DePuy Orthopaedics, VILEX IN TENNESSEE, Merete Medical, Wright Medical Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Digit Implants Market Report Segments:
The global Orthopedic Digit Implants market is segmented on the basis of:
Types
Silicon Pyrocarbon, Nitinol, Titanium, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Orthopedic Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wright Medical Group
- Integra LifeSciences
- TEIJIN NAKASHIMA MEDICAL
- Stryker
- DePuy Orthopaedics
- VILEX IN TENNESSEE
- Merete Medical
- Wright Medical Group
Highlights of The Orthopedic Digit Implants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Silicon Pyrocarbon
- Nitinol
- Titanium
- Others
- By Application:
- Hospitals
- Orthopedic Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Orthopedic Digit Implants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Orthopedic digit implants are a type of prosthetic device that are inserted into the hand or foot to replace missing digits. These devices can be used to help people with various hand and foot conditions, including arthritis, loss of function, and amputation. Orthopedic digit implants typically consist of a metal frame covered in silicone material. They may also include sensors that allow the user to control their devices using electrical signals sent through nerves in their hands or feet.
Some of the major players in the orthopedic digit implants market are Wright Medical Group, Integra LifeSciences, TEIJIN NAKASHIMA MEDICAL, Stryker, DePuy Orthopaedics, VILEX IN TENNESSEE, Merete Medical, Wright Medical Group.
The orthopedic digit implants market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Digit Implants Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Orthopedic Digit Implants Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Orthopedic Digit Implants Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Orthopedic Digit Implants Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Orthopedic Digit Implants Market Size & Forecast, 2020-2028 4.5.1 Orthopedic Digit Implants Market Size and Y-o-Y Growth 4.5.2 Orthopedic Digit Implants Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Silicon Pyrocarbon
5.2.2 Nitinol
5.2.3 Titanium
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Orthopedic Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Digit Implants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Orthopedic Digit Implants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Silicon Pyrocarbon
9.6.2 Nitinol
9.6.3 Titanium
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Orthopedic Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Silicon Pyrocarbon
10.6.2 Nitinol
10.6.3 Titanium
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Orthopedic Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Silicon Pyrocarbon
11.6.2 Nitinol
11.6.3 Titanium
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Orthopedic Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Silicon Pyrocarbon
12.6.2 Nitinol
12.6.3 Titanium
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Orthopedic Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Silicon Pyrocarbon
13.6.2 Nitinol
13.6.3 Titanium
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Orthopedic Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Orthopedic Digit Implants Market: Competitive Dashboard
14.2 Global Orthopedic Digit Implants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wright Medical Group
14.3.2 Integra LifeSciences
14.3.3 TEIJIN NAKASHIMA MEDICAL
14.3.4 Stryker
14.3.5 DePuy Orthopaedics
14.3.6 VILEX IN TENNESSEE
14.3.7 Merete Medical
14.3.8 Wright Medical Group