Pune, India -- (SBWire) -- 11/16/2018 --The main objective of this report is to define, describe, and forecast the global "Orthopedic Digit Implants" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the 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.
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Growing occurrence of Rheumatoid arthritis (RA) driving the growth of Orthopedic digit implants market
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 ageing between the ranges of 40 to years. With increasing ageing 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 are 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 Market over the forecast period.
Stryker Acquired Instratek Extremity Products
In May 2018, Stryker Corporation is expanded the company's extremities offerings by buying all the assets of Restore Surgical LLC. Restore surgical does business as Instratek. Instratek's website said the company has been focused on "the development, manufacturing, and marketing of leading-edge orthopedic implants and endoscopic instrumentation for the field of extremity surgery." The company said its products offer "cost effective solutions for the extremity surgeon and healthcare facilities."
North America dominates the Orthopedic Digit Implants Market
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 rising geriatric population suffering through bone injuries along with rising road accident and sports injury is driving the market in the North America region.
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The major key players in Orthopedic Digit Implants Market are 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.
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Orthopedic Digit Implants Market Insights, Forecast to 2024: Integra LifeSciences Corporation, Merete Medical, DePuy Orthopaedics, Stryker Corporation
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