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Orthopedic Digit Implants Market Size

Report ID: GMI4049
Published Date: Jan 2024
Report Format: PDF

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Orthopedic Digit Implants Market Size

Orthopedic Digit Implants Market size was valued at around USD 387.2 million in 2022 and is estimated to grow at over 6.2% CAGR between 2023 and 2032. The increasing prevalence of orthopedic diseases, surging preference for minimally invasive surgeries, and technological advancements in orthopedic digit implants are some of the key factors driving the market growth.

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The rising incidence of orthopedic diseases, such as osteoarthritis, rheumatoid arthritis, and traumatic injuries, has spurred an increased demand. These health conditions often require the use of orthopedic digit implants to provide support, stability, and assistance in managing functional limitations associated with various orthopedic conditions. According to the World Health Organization, in 2019, approximately 528 million people worldwide were living with osteoarthritis, marking a 113% increase since 1990.

The significant and escalating number of individuals living with various orthopedic conditions, resulting in functional limitations, is attributed to rapid population growth and an increase in the aging population. Consequently, the substantial disease burden and the high prevalence of related disorders are expected to propel the growth of the market in the near future.

Orthopedic digit implants refer to specialized orthopedic devices or prosthetics component designed to address various orthopedic conditions affecting the fingers and toes. These implants are specifically crafted to provide support, stability, and functional assistance to individuals experiencing musculoskeletal discomfort, deformities, or limitations in their digital joints.

Orthopedic Digit Implants Market Report Attributes
Report Attribute	Details
Base Year:	2022
Orthopedic Digit Implants Market Size in 2022:	USD 387.2 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 695.5 Million
Historical Data for:	2018 to 2022
No. of Pages:	160
Tables, Charts & Figures:	217
Segments covered:	Product Type, Material, End-use, and Region
Growth Drivers:	Increasing prevalence of orthopedic diseases Technological advancements Surging preference for minimally invasive surgeries
Pitfalls & Challenges:	Post-surgery complications

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The post-surgery complications related to orthopedic digit implant procedures may impact both patient outcomes and market dynamics. Complications such as infections, implant rejection, malalignment, limited range of motion, and issues related to implant durability can hinder the intended benefits of these innovative solutions designed to enhance digit functionality post-amputation.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Orthopedic digit implants industry size was USD 387.2 million in 2023 and is expected to reach over USD 695.5 million by 2032 owing to increasing prevalence of orthopedic diseases, surging preference for minimally invasive surgeries, and technological advancements in orthopedic digit implants.

Orthopedic digit implants industry from the metatarsal joint implants segment reached USD 387.2 million in 2023 owing to the rising burden of arthritis, deformities, and traumatic injuries.

U.S. orthopedic digit implants industry is expected to record USD 285 million by 2032 due to the presence of leading industry players, increasing demand for orthopedic digit implants, and the rising incidence of orthopedic diseases in the region.

Smith & Nephew, Stryker Corporation, Johnson & Johnson, Arthrex GmbH, Merete GmbH, Acumed LLC, Vilex, LLC, Zimmer Biomet, Wright Medical, and Anika Therapeutics, Inc. are some of the major orthopedic digit implants companies worldwide.