An orthopedic digit implant is a medical device that is docile with the biocompatibility of materials like titanium or stainless steel and has a plastic coating that works as artificial cartilage. These implants are utilized in small joint-segment to replace a missing bone or damaged bones like the knee, ankles, toes, elbow, fingers. The main factors that drive the growth of the orthopedic digit implants market include increase in cases of orthopedic diseases and rise in the global geriatric population. Intramedullary toe implants, Hemi phalangeal implants, metacarpal joint implants, scaphoid bone implants are the types of orthopedic digit implants that are available in the market.
COVID-19 Impact analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the orthopedic digit implants market.
Top Impacting Factors
- Surge in awareness about health, rise in incidence of rheumatoid arthritis, increase in geriatric population, rise in demand for cost-effective orthopedic treatment options, the surge in choice for minimally invasive surgeries to treat orthopedic diseases fuel the growth of the orthopedic digit implants market.
- Orthopedic digit implants find widespread application in areas such as traumatology and oncology, is the key factor that looks forward to propelling the demand in the orthopedic digit implants market
- Favorable reimbursement policies and healthcare policies as well as entry of 3D printing technology in orthopedics and growing research efforts show a profitable difference in the healthcare industry and look for better opportunities for the orthopedic digit implants market growth in the coming years.
- However, limited medical insurance coverage and strict regulatory approval procedures are may prevent the selection of orthopedic digit implants.
- In addition, implant dislocation, toxicity, hypersensitivity, post-surgery infections, are major problems between patients which might hinder the growth of the orthopedic digit implants market.
Orthopedic Digit Implants Market Trends
New product launches to flourish the market
In November 2020, the ankle and finger arthroplasty product lines was acquired by DJO Global from Stryker.
In November 2020, Stryker acquired Wright Medical Group N.V., a global medical device company focused on extremities and biologics.
Key Benefits of the Report
- This study presents the analytical depiction of the orthopedic digit implants industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the orthopedic digit implants market share.
- The current market is quantitatively analyzed to highlight the orthopedic digit implants market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the orthopedic digit implants market .
- The report provides a detailed orthopedic digit implants market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the orthopedic digit implants Report
- Which are the leading players active in the orthopedic digit implants market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the orthopedic digit implants market ?
- What future projections would help in taking further strategic steps?
- What is “Orthopedic digit implants"?
- What is “Orthopedic digit implants” market prediction in the future?
- Who are the leading global players in the “Orthopedic digit implants” market?
- What are the current trends and predicted trends?
- What are the key benefits of the “Orthopedic digit implants” market report?
Orthopedic Digit Implants Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Material |
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 By End User |
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 By Region |
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 Key Market Players | Smith and Nephew, Johnson and Johnson Services, Inc. (DePuy Synthes), Acumed LLC., Integra Lifesciences, Zimmer Biomet Holdings, Inc., Merete Medical GmbH, Wright Medical Group N.V. (NASDAQ: WMGI), Teijin Nakashima Medical Co., Ltd., Stryker Corporation, VILEX IN TENNESSEE, INC. |
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