Healthcare

Orthopedic Digit Implants Market is Expected to Accumulate Revenues Worth US$ 130 Mn by the End of 2026

Press Release

An orthopedic digit implant is a medical device used for replacing a damaged bone or a missing joint in small joints segment, such as fingers, toes, ankle, elbow, and knee. Orthopedic digit implants are biocompatible, produced from materials such as stainless steel or titanium, and topped with a plastic coating that performs functioning as an artificial cartilage. Types of orthopedic digit implants currently available in the market include metacarpel joint implants (upper extremity), metatarsal joint implants (lower extremity), hemi phalangeal implants, scaphoid bone implants, and toe intramedullary implants.

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Increasing Preference for Minimally Invasive Surgeries to Treat Orthopedic Diseases will drive Market Expansion

Prevalence of rheumatoid arthritis has witnessed a surge, resulting into an increasing demand for orthopedic procedures. With increasing awareness about health, the elderly cohort is leading more active lifestyles across the globe, particularly in developed regions, which in turn has led toward more stress and joint injuries. These factors have driven the demand for various orthopedic implants such as the digit implants. Orthopedic digit implants find widespread application in areas such as oncology, and traumatology. With increasing preference for minimally invasive surgeries to treat orthopedic diseases, and rapidly penetration of 3D printing technology in orthopedics, potential opportunities will be created for the market expansion in the foreseeable future.

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However, stringent regulatory approval procedures, and limited medical insurance coverage are likely to impede adoption of orthopedic digit implants. In addition, hypersensitivity, implant dislocation, post-surgery infections, and toxicity are major concerns among patients which might hinder growth of the market. A new report by Transparency Market Research (TMR) projects the global orthopedic digit implant market to reflect an impressive expansion over the forecast period (2017-2026). Global sales of orthopedic implants are estimated to exceed US$ 100 Mn by 2026-end.

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