Digit Joint Implant Market Scope
In a joint replacement, the anomalous bone and lining structures of the joint are detached surgically, and new parts are implanted in their places. These new parts are made of plastic or special metal or specific kinds of carbon-coated implants. These new parts permit the joints to move again with little or no pain. The main goals of implant arthroplasty of the finger joints are pain relief, correction of deformity, and development in the function and appearance of the hand. Numerous prosthetic implants have been intended for the replacement of MCP and PIP joints.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Integra LifeSciences Corp. (United States), Johnson & Johnson Services Inc. (United States), Stryker Corp. (United States), Wright Medical Group NV (United States), Zimmer Biomet Holdings Inc. (United States), Beznoska, s.r.o. (Czech Republic), Groupe Lpine (France), KeriMedical (Switzerland), in2bones (United States) and Evolutis (France) |
CAGR | % |
Leading key players are focusing on strategic partnerships, acquisitions, and new product launch to improve their services and also focusing on increasing their client base to strengthen market position. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Digit Joint Implant market throughout the predicted period.
Integra LifeSciences Corp. (United States), Johnson & Johnson Services Inc. (United States), Stryker Corp. (United States), Wright Medical Group NV (United States), Zimmer Biomet Holdings Inc. (United States), Beznoska, s.r.o. (Czech Republic), Groupe Lpine (France), KeriMedical (Switzerland), in2bones (United States) and Evolutis (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Arthrosurface (United States), Skeletal Dynamics (United States) and MatOrtho (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Digit Joint Implant market by Type , by Application (Hospitals, Specialty Orthopedic Clinics, Medical Center and Others) and Region with country level break-up.
On the basis of geography, the market of Digit Joint Implant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2020, DJO, LLC a leading global provider of medical technologies to get and keep people moving, today announced that it has completed the acquisition of total ankle and finger arthroplasty product lines from international medical technology company Stryker.
In June 2023, Celebrating the successful completion of the 2500 knee replacement surgeries at Aster Medcity, the leading healthcare brand launched the fully automated, high precision, joint replacement robot for knee replacement surgeries.
Influencing Trend:
Increasing Popularity of Biodegradable Digit Joint Implants and Accessibility of Custom Digit Joint Implants
Market Growth Drivers:
Increasing Ageing Population across the Globe and Rising Demand for Minimally Invasive Surgeries for Treatment of Orthopedic Diseases
Challenges:
Lack of Healthcare Infrastructure in Developing Region
Restraints:
Strict Rule Related to Approval of Procedures
Opportunities:
Technological Advances in the Digit Joint Implant
Key Target Audience
Manufacturers of Digit Joint Implant, Suppliers of Raw Materials, Healthcare Industry, Governmental Bodies, Regulatory Bodies and Research Firms