Digit Joint Implants Market
PUBLISHED: 2022 ID: SMRC18613
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Digit Joint Implants Market

Digit Joint Implants Market Forecasts to 2028 – Global Analysis By Product (Toe Implants, Trapeziometacarpal Joint Implants), Type (Hand, Foot), Application (Clinic, Medical Center, Hospital) and By Geography

4.9 (95 reviews)
4.9 (95 reviews)
Published: 2022 ID: SMRC18613

This report covers the impact of COVID-19 on this global market

Years Covered

2020-2028

CAGR (2021 - 2028)

11%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

North America


According to Stratistics MRC, the Global Digit Joint Implants Market is growing at a CAGR of 11% during the forecast period. Digit joint implants are medical devices used to replace the damaged or diseased bone and joints of body parts or to replace a missing biological structure, or enhance an existing biological structure. They are man-made devices, which is a transplanted biomedical tissue. In some cases, implants contain electronics e.g. artificial pacemaker. The surface of implants that contact the body may be made of biomedical materials such as titanium or silicone depending on the one which is the more functional.



Market Dynamics:

Driver:

Acceptance of Knee- And Hip-Replacement Surgeries


The incidence of various kinds of injuries cannot be attributed to a particular trend or propensity. According to the principle of probability, all individuals, during their normal course of life, are at an equal chance of suffering a bone-damaging injury. Hip-replacement injuries require immense precision at the end of the medical professionals. Hip replacement complications include blood clots, change in leg length, dislocation, fractures, infection and loosening of the implant. This factor has led to increased demand across the market.

Restraint:

Difficulties Connected with the Use Of Digit Joint Implants


The concerns impeding the growth of the market are the complications connected with its use. Implant fracture, infection, stiffness, and other problems are all linked to the usage of digit joint implants. Moreover, allergic reactions, osteolysis, metal debris deposition, bone erosion, silicone synovitis, embolism, and fibrous ankyloses are also hazards connected with digit joint implants. Revision procedures are required as a result of these problems. As a result, during the projection period, the problems associated with the usage of digit joint implants would stifle overall market growth.

Opportunity:

Increasing Acceptance of Biodegradable Digit Joint Implants


Biodegradable digit joint implants are made of biodegradable polymers which degenerate over time and facilitate healing and regeneration of joint tissues. These implants promote regrowth of the bone and do not require revision surgery. Vendors are further incorporating improved features to enhance their medical applications. This development is expected to have a positive impact on the overall market growth.

Threat:

Infection & Common Side Effects


Biodegradable digit joint implants are made of biodegradable polymers which degenerate over time and facilitate the healing and regeneration of joint tissues. These implants promote regrowth of the bone and do not require revision surgery. Vendors are further incorporating improved features to enhance their medical applications. This development is expected to have a positive impact on the overall market growth.

Hospital segment is expected to be the largest during the forecast period

The hospital segment is anticipated to witness growth for the next five years. Huge patient in-flow into the hospital facilities, owing to existence of quality diagnostic and treatment equipment and skilled healthcare professionals are the major contributing factors for the growth of the hospital segment. Supportive healthcare regulation and favourable reimbursement policies are influencing the orthopaedic digit implants market.

The Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants segment is expected to have the highest CAGR during the forecast period

Metacarpophalangeal (MCP) and proximal interphalangeal (PIP) joint implants segment are going to have a lucrative growth during the forecast period. Increasing recommendation to osteoarthritis and rheumatoid arthritis patients to opt for these implants, rising incidence of osteoarthritis and rheumatoid arthritis, and the easy performance of revision procedures with these implants are expected to boost the growth of the market segment during the forthcoming years.

Region with highest share:

The Europe is projected to hold the highest market share; owing to the presence of trained medical practitioners who can effectively lay joint implants is a key consideration for market growth. Several medical guilds, focused on research related to medical implants, have been formed in recent times. The market is driven by the increasing prevalence of osteoarthritis and rheumatoid arthritis with the rise in the geriatric population, the growing number of hand and foot injuries, and rising initiatives and awareness on digit joint implants.

Region with highest CAGR:

North America is projected to have the highest CAGR, due to the factors such as the presence of well-equipped and established healthcare infrastructure, availability of highly skilled professionals, availability of extensive healthcare insurance coverage, and high popularity of minimally invasive surgery in the US are contributing to market growth in this province. The US and Canada are the key markets for the digit joint implants market in North America. Market growth in this province will be faster than the growth of the market in other regions.



Key players in the market:

Some of the key players profiled in the Digit Joint Implants Market include Beznoska, Tornier, Groupe Lpine, Anika Therapeutics, Osteomed, Skeletal Dynamics, KeriMedical, in2bones, Wright Medical Technology, MatOrtho, Evolutis, Stryker.

Key developments:

In February 2020: Anika Therapeutics acquired Arthrosurface. This acquisition significantly enhances commercial capabilities in the U.S. and accelerates product platform strategy by further expanding our portfolio and pipeline across the joint preservation and restoration continuum.

In December 2020: Medartis acquired stake in KeriMedical and strengthens its extremities.  Medartis has acquired a stake of 25% in KeriMedical. A significant share of the capital invested by Medartis will be used for access and development of the US market for the KeriMedical portfolio.

In November 2020; Stryker completes acquisition of Wright Medical. This acquisition enhances global market position in trauma and extremities, providing significant opportunities to advance innovation and reach more patients.

Products Covered: 
• Toe Implants   
• Trapeziometacarpal Joint Implants 
• Metatarsophalangeal Joint Implant 
• Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants
• Interphalangeal Hand Joint Implant 
• Other Products 

Types Covered:
• Hand    
• Foot    

Applications Covered:
• Clinic    
• Medical Center   
• Hospital    
• Other Applications  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
    
2 Preface   

 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   
 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 Product Analysis  
 3.7 Application Analysis  
 3.8 Emerging Markets  
 3.9 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global Digit Joint Implants Market, By Product   
 5.1 Introduction  
 5.2 Toe Implants      
 5.3 Trapeziometacarpal Joint Implants    
 5.4 Metatarsophalangeal Joint Implant    
 5.5 Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants  
 5.6 Interphalangeal Hand Joint Implant    
 5.7 Other Products   
    
6 Global Digit Joint Implants Market, By Type   
 6.1 Introduction  
 6.2 Hand       
 6.3 Foot     
    
7 Global Digit Joint Implants Market, By Application   
 7.1 Introduction  
 7.2 Clinic       
 7.3 Medical Center      
 7.4 Hospital       
 7.5 Other Applications  
    
8 Global Digit Joint Implants Market, By Geography   

 8.1 Introduction  
 8.2 North America  
  8.2.1 US 
  8.2.2 Canada 
  8.2.3 Mexico 
 8.3 Europe  
  8.3.1 Germany 
  8.3.2 UK 
  8.3.3 Italy 
  8.3.4 France 
  8.3.5 Spain 
  8.3.6 Rest of Europe 
 8.4 Asia Pacific  
  8.4.1 Japan 
  8.4.2 China 
  8.4.3 India 
  8.4.4 Australia 
  8.4.5 New Zealand 
  8.4.6 South Korea 
  8.4.7 Rest of Asia Pacific 
 8.5 South America  
  8.5.1 Argentina  
  8.5.2 Brazil 
  8.5.3 Chile 
  8.5.4 Rest of South America 
 8.6 Middle East & Africa  
  8.6.1 Saudi Arabia 
  8.6.2 UAE 
  8.6.3 Qatar 
  8.6.4 South Africa 
  8.6.5 Rest of Middle East & Africa 
    
9 Key Developments   
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 9.2 Acquisitions & Mergers  
 9.3 New Product Launch  
 9.4 Expansions  
 9.5 Other Key Strategies  
    
10 Company Profiling   
 10.1 Beznoska       
 10.2 Tornier       
 10.3 Groupe Lpine       
 10.4 Anika Therapeutics  
 10.5 Osteomed      
 10.6 Skeletal Dynamics      
 10.7 KeriMedical      
 10.8 in2bones       
 10.9 Wright Medical Technology     
 10.10 MatOrtho      
 10.11 Evolutis       
 10.12 Stryker   


List of Tables    
1 Global Digit Joint Implants Market Outlook, By Region (2020-2028) (US $MN)    
2 Global Digit Joint Implants Market Outlook, By Product (2020-2028) (US $MN)    
3 Global Digit Joint Implants Market Outlook, By Toe Implants (2020-2028) (US $MN)     
4 Global Digit Joint Implants Market Outlook, By Trapeziometacarpal Joint Implants (2020-2028) (US $MN)    
5 Global Digit Joint Implants Market Outlook, By Metatarsophalangeal Joint Implant (2020-2028) (US $MN)    
6 Global Digit Joint Implants Market Outlook, By Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants (2020-2028) (US $MN)    
7 Global Digit Joint Implants Market Outlook, By Interphalangeal Hand Joint Implant   (2020-2028) (US $MN)    
8 Global Digit Joint Implants Market Outlook, By Other Products (2020-2028) (US $MN)    
9 Global Digit Joint Implants Market Outlook, By Type (2020-2028) (US $MN)    
10 Global Digit Joint Implants Market Outlook, By Hand (2020-2028) (US $MN)    
11 Global Digit Joint Implants Market Outlook, By Foot (2020-2028) (US $MN)    
12 Global Digit Joint Implants Market Outlook, By Application (2020-2028) (US $MN)    
13 Global Digit Joint Implants Market Outlook, By Clinic (2020-2028) (US $MN)    
14 Global Digit Joint Implants Market Outlook, By Medical Center (2020-2028) (US $MN)    
15 Global Digit Joint Implants Market Outlook, By Hospital (2020-2028) (US $MN)    
16 Global Digit Joint Implants Market Outlook, By Other Applications (2020-2028) (US $MN)    
17 North America Digit Joint Implants Market Outlook, By Country (2020-2028) (US $MN)    
18 North America Digit Joint Implants Market Outlook, By Product (2020-2028) (US $MN)    
19 North America Digit Joint Implants Market Outlook, By Toe Implants (2020-2028) (US $MN)    
20 North America Digit Joint Implants Market Outlook, By Trapeziometacarpal Joint Implants (2020-2028) (US $MN)    
21 North America Digit Joint Implants Market Outlook, By Metatarsophalangeal Joint Implant (2020-2028) (US $MN)    
22 North America Digit Joint Implants Market Outlook, By Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants (2020-2028) (US $MN)    
23 North America Digit Joint Implants Market Outlook, By Interphalangeal Hand Joint Implant   (2020-2028) (US $MN)    
24 North America Digit Joint Implants Market Outlook, By Other Products (2020-2028) (US $MN)    
25 North America Digit Joint Implants Market Outlook, By Type (2020-2028) (US $MN)    
26 North America Digit Joint Implants Market Outlook, By Hand (2020-2028) (US $MN)    
27 North America Digit Joint Implants Market Outlook, By Foot (2020-2028) (US $MN)    
28 North America Digit Joint Implants Market Outlook, By Application (2020-2028) (US $MN)    
29 North America Digit Joint Implants Market Outlook, By Clinic (2020-2028) (US $MN)    
30 North America Digit Joint Implants Market Outlook, By Medical Center (2020-2028) (US $MN)    
31 North America Digit Joint Implants Market Outlook, By Hospital (2020-2028) (US $MN)    
32 North America Digit Joint Implants Market Outlook, By Other Applications (2020-2028) (US $MN)    
33 Europe Digit Joint Implants Market Outlook, By Country (2020-2028) (US $MN)    
34 Europe Digit Joint Implants Market Outlook, By Product (2020-2028) (US $MN)    
35 Europe Digit Joint Implants Market Outlook, By Toe Implants (2020-2028) (US $MN)    
36 Europe Digit Joint Implants Market Outlook, By Trapeziometacarpal Joint Implants (2020-2028) (US $MN)    
37 Europe Digit Joint Implants Market Outlook, By Metatarsophalangeal Joint Implant (2020-2028) (US $MN)    
38 Europe Digit Joint Implants Market Outlook, By Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants (2020-2028) (US $MN)    
39 Europe Digit Joint Implants Market Outlook, By Interphalangeal Hand Joint Implant   (2020-2028) (US $MN)    
40 Europe Digit Joint Implants Market Outlook, By Other Products (2020-2028) (US $MN)    
41 Europe Digit Joint Implants Market Outlook, By Type (2020-2028) (US $MN)    
42 Europe Digit Joint Implants Market Outlook, By Hand (2020-2028) (US $MN)    
43 Europe Digit Joint Implants Market Outlook, By Foot (2020-2028) (US $MN)    
44 Europe Digit Joint Implants Market Outlook, By Application (2020-2028) (US $MN)    
45 Europe Digit Joint Implants Market Outlook, By Clinic (2020-2028) (US $MN)    
46 Europe Digit Joint Implants Market Outlook, By Medical Center (2020-2028) (US $MN)    
47 Europe Digit Joint Implants Market Outlook, By Hospital (2020-2028) (US $MN)    
48 Europe Digit Joint Implants Market Outlook, By Other Applications (2020-2028) (US $MN)    
49 Asia Pacific Digit Joint Implants Market Outlook, By Country (2020-2028) (US $MN)    
50 Asia Pacific Digit Joint Implants Market Outlook, By Product (2020-2028) (US $MN)    
51 Asia Pacific Digit Joint Implants Market Outlook, By Toe Implants (2020-2028) (US $MN)    
52 Asia Pacific Digit Joint Implants Market Outlook, By Trapeziometacarpal Joint Implants (2020-2028) (US $MN)    
53 Asia Pacific Digit Joint Implants Market Outlook, By Metatarsophalangeal Joint Implant (2020-2028) (US $MN)    
54 Asia Pacific Digit Joint Implants Market Outlook, By Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants (2020-2028) (US $MN)    
55 Asia Pacific Digit Joint Implants Market Outlook, By Interphalangeal Hand Joint Implant   (2020-2028) (US $MN)    
56 Asia Pacific Digit Joint Implants Market Outlook, By Other Products (2020-2028) (US $MN)    
57 Asia Pacific Digit Joint Implants Market Outlook, By Type (2020-2028) (US $MN)    
58 Asia Pacific Digit Joint Implants Market Outlook, By Hand (2020-2028) (US $MN)    
59 Asia Pacific Digit Joint Implants Market Outlook, By Foot (2020-2028) (US $MN)    
60 Asia Pacific Digit Joint Implants Market Outlook, By Application (2020-2028) (US $MN)     
61 Asia Pacific Digit Joint Implants Market Outlook, By Clinic (2020-2028) (US $MN)    
62 Asia Pacific Digit Joint Implants Market Outlook, By Medical Center (2020-2028) (US $MN)    
63 Asia Pacific Digit Joint Implants Market Outlook, By Hospital (2020-2028) (US $MN)    
64 Asia Pacific Digit Joint Implants Market Outlook, By Other Applications (2020-2028) (US $MN)    
65 South America Digit Joint Implants Market Outlook, By Country (2020-2028) (US $MN)    
66 South America Digit Joint Implants Market Outlook, By Product (2020-2028) (US $MN)    
67 South America Digit Joint Implants Market Outlook, By Toe Implants (2020-2028) (US $MN)    
68 South America Digit Joint Implants Market Outlook, By Trapeziometacarpal Joint Implants (2020-2028) (US $MN)    
69 South America Digit Joint Implants Market Outlook, By Metatarsophalangeal Joint Implant (2020-2028) (US $MN)    
70 South America Digit Joint Implants Market Outlook, By Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants (2020-2028) (US $MN)    
71 South America Digit Joint Implants Market Outlook, By Interphalangeal Hand Joint Implant   (2020-2028) (US $MN)    
72 South America Digit Joint Implants Market Outlook, By Other Products (2020-2028) (US $MN)    
73 South America Digit Joint Implants Market Outlook, By Type (2020-2028) (US $MN)    
74 South America Digit Joint Implants Market Outlook, By Hand (2020-2028) (US $MN)    
75 South America Digit Joint Implants Market Outlook, By Foot (2020-2028) (US $MN)    
76 South America Digit Joint Implants Market Outlook, By Application (2020-2028) (US $MN)    
77 South America Digit Joint Implants Market Outlook, By Clinic (2020-2028) (US $MN)    
78 South America Digit Joint Implants Market Outlook, By Medical Center (2020-2028) (US $MN)    
79 South America Digit Joint Implants Market Outlook, By Hospital (2020-2028) (US $MN)    
80 South America Digit Joint Implants Market Outlook, By Other Applications (2020-2028) (US $MN)    
81 Middle East & Africa Digit Joint Implants Market Outlook, By Country (2020-2028) (US $MN)    
82 Middle East & Africa Digit Joint Implants Market Outlook, By Product (2020-2028) (US $MN)    
83 Middle East & Africa Digit Joint Implants Market Outlook, By Toe Implants (2020-2028) (US $MN)     
84 Middle East & Africa Digit Joint Implants Market Outlook, By Trapeziometacarpal Joint Implants (2020-2028) (US $MN)    
85 Middle East & Africa Digit Joint Implants Market Outlook, By Metatarsophalangeal Joint Implant (2020-2028) (US $MN)    
86 Middle East & Africa Digit Joint Implants Market Outlook, By Metacarpophalangeal(MCP) and Proximal Interphalangeal(PIP) Joint Implants (2020-2028) (US $MN)    
87 Middle East & Africa Digit Joint Implants Market Outlook, By Interphalangeal Hand Joint Implant   (2020-2028) (US $MN)    
88 Middle East & Africa Digit Joint Implants Market Outlook, By Other Products (2020-2028) (US $MN)    
89 Middle East & Africa Digit Joint Implants Market Outlook, By Type (2020-2028) (US $MN)    
90 Middle East & Africa Digit Joint Implants Market Outlook, By Hand (2020-2028) (US $MN)    
91 Middle East & Africa Digit Joint Implants Market Outlook, By Foot (2020-2028) (US $MN)    
92 Middle East & Africa Digit Joint Implants Market Outlook, By Application (2020-2028) (US $MN)    
93 Middle East & Africa Digit Joint Implants Market Outlook, By Clinic (2020-2028) (US $MN)    
94 Middle East & Africa Digit Joint Implants Market Outlook, By Medical Center (2020-2028) (US $MN)    
95 Middle East & Africa Digit Joint Implants Market Outlook, By Hospital (2020-2028) (US $MN)    
96 Middle East & Africa Digit Joint Implants Market Outlook, By Other Applications (2020-2028) (US $MN)    

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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