Prevalence of rheumatoid arthritis has witnessed a surge, resulting into an increasing demand for orthopedic procedures.
Albany, NY -- (SBWIRE) -- 12/28/2017 -- In recent times, increasing prevalence of osteoarthritis and rheumatoid diseases, along with the rise in geriatric population globally has led to an increase in patient pool requiring various orthopedic procedures for treatment. These factors have motivated the demand for several orthopedic implants such as the digit implants. Increased life expectancy, coupled with patient demands for therapeutics offering improved life quality and mobility are predominant trends driving patient acceptance of digit implants. Considering this fact, Market Research Hub (MRH) has announced the inclusion of a new study to its wide repository, which is titled as "Orthopedic Digit Implants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026". This 170-page study provides an in-depth analysis on the global orthopedic digit implants market. The report also incorporates imperative factors propelling the market expansion, untapped opportunities for key market participants, and trends & developments molding the market dynamics.
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An orthopedic digit implant is a medical device used for replacing a damaged bone or a missing joint in small joints segments, such as fingers, toes, ankle, elbow, and knee. With increasing awareness about health, the elderly group is leading more active lifestyles across the globe, particularly in developed regions, which in turn has led to more stress and joint injuries. This acts favorably in the market expansion of orthopedic digit implants. Orthopedic digit implants find widespread application in areas such as oncology, and traumatology.
As per the study key findings, the global market for orthopedic digit implants will exhibit a remarkable expansion during the forecast period, 2017 to 2026. Revenues from the global orthopedic digit implants market are projected to reach near US$ 130 Mn by 2026-end.
The beginning chapter of the report offers an executive summary of the global orthopedic digit implants market, followed by a chapter offering the market's overview. Further, it also offers insights about the global market in the form of a segmentation analysis. It has been characterized on the basis of product type, end-user, material and region. Geographical expansion of the report highlights some of the prime regions including North America, Japan, Middle East & Africa (MEA), Asia-Pacific excluding Japan, Europe, and Latin America. The report also delivers an insightful analysis of the competitive landscape of global orthopedic digit implants market. The market participants identified by the report are analyzed on the basis of their current market scenario, strategic partnerships, and key developments.
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As per the market segmentation analysis, Based on material, Nitinol is anticipated to remain sought-after among manufacturers of orthopedic digit implants, with sales estimated to reach nearly US$ 90 Mn by 2026-end. Hospital will continue to be the largest end-users of orthopedic digit implants. Geographically, Latin America is projected to be the fastest expanding market for orthopedic digit implants by 2026-end.
Key market players operating in the global orthopedic digit implants include Stryker Corporation, Wright Medical Group N.V., VILEX IN TENNESSEE, INC., Integra LifeSciences Corporation, TEIJIN NAKASHIMA MEDICAL CO., LTD., DePuy Orthopaedics, Inc. (Johnson & Johnson), and Merete Medical.
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