Global Orthopaedic Digit Implants Market Report and Forecast 2024-2032

Global Orthopaedic Digit Implants Market Outlook

The global orthopaedic digit implants market size was valued at USD 6.37 billion in 2023, driven by the increasing prevalence of orthopaedic disorders across the globe. The market size is anticipated to grow at a CAGR of 7.7% during the forecast period of 2024-2032 to achieve a value of USD 12.41 billion by 2032.

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Orthopaedic Digit Implants: Introduction

Devices that are used for the replacement of deformed and damaged bones, cartilage, or joints are known as orthopaedic digit implants. These implants are used to treat severe fractures that require realignment and fixation for adequate healing. They can also be used in cases when bone fails to regenerate, producing bone defects.

Global Orthopaedic Digit Implants Market Analysis

Major companies in the market are initiating strategic mergers and acquisition deals to achieve market growth and stability. For example, Conformis has recently agreed to be acquired by restor3d, a North Carolina startup that spun out of Duke University in 2017. Conformis is nearly two decades old and a major market player that manufactures 3D-printed and personalized orthopaedic implants. restor3d is alleged to dole out USD 2.27 in cash for each of Conformis’ outstanding shares of common stock. Such deals are set to improve the market growth with their upcoming launches and developments influencing the global orthopaedic digit implants market growth.

Increasing technological advancements are also playing a significant role in the market growth and it is also backed by some observational studies. For example, a study published on PMC concluded that there are various advantages associated with the application of 3D printing metal implants in orthopaedic applications, such as personalization, promotion of osseointegration, short production cycle, and high material utilization. Additionally, the increasing knowledge of modeling software among surgeons is also a factor contributing to the advantages.

The key players in the market are focused on launching new and effective products to curb osteoarthritis discomfort in patients which is propelling the market growth. Such as the FDA approved the MISHA Knee System which is an implantable shock absorber effective in partially reducing load on the knee joint. This load reduction is expected to result in reduced pain and preserve the functionality of the knee. This device would be implanted subcutaneously during an outpatient-compatible procedure. Such approvals are directly contributing to market growth.

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Global Orthopaedic Digit Implants Market Segmentations

Market Breakup by Product Type

• Metatarsal Joint Implants

• Metacarpal Joint Implants

• Toe Intramedullary Digit Implants

• Scaphoid Bone Digit Implants

• Hemi phalangeal Digit Implants

Market Breakup by Material

• Pyrocarbon

• Titanium

• Nitinol

• Other Materials

Market Breakup by End User

• Hospitals  

• Orthopaedic Clinics 

• Home Care 

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Global Orthopaedic Digit Implants Market Overview

The increasing prevalence of arthritis and other problems associated with arthritis conditions, among the geriatric population, is a major factor driving the market growth. The rising geriatric population worldwide is a major factor influencing the market growth due to the increasing number of bone issues associated with the geriatric population. The increasing number of mishaps and accidents also contributes to the market growth.

The increasing technological developments are also expected to drive the market growth further. For example, the integration of robotic assistance, coupled with artificial intelligence and machine learning in the orthopaedic operating room is expected to further drive the orthopaedic digit implants market demand in the coming years.

North America is leading the regional market and is expected to keep leading in the coming years as well. The increased prevalence of osteoarthritis, coupled with the rising geriatric population, is a major factor driving the market growth. The presence of key market players and the continuous launches of new products are expected to further propel the regional market growth.

Global Orthopaedic Digit Implants Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Teijin Nakashima Medical Co., Ltd.

• Johnson and Johnson Services, Inc.

• Wright Medical Group N.V.

• Integra Lifesciences

• Stryker

• Smith and Nephew

• Zimmer Biomet Holdings, Inc.

• VILEX IN TENNESSEE, INC.

• Acumed LLC.

• Merete Medical GmbH

• Advin Healthcare

Key Highlights of the Report