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Global Digit Joint Implants Market 2019-2023 | Growing Popularity of Biodegradable Digit Joint Implants to Boost Growth | Technavio
[August 12, 2019]

Global Digit Joint Implants Market 2019-2023 | Growing Popularity of Biodegradable Digit Joint Implants to Boost Growth | Technavio


The global digit joint implants market is expected to post a CAGR close to 7% during the period 2019-2023, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190812005266/en/

Technavio has published a new market research report on the global digit joint implants market from 2019-2023. (Graphic: Business Wire)

Technavio has published a new market research report on the global digit joint implants market from 2019-2023. (Graphic: Business Wire)

Arthritis is the inflammation of joints that affect the connective tissues surrounding the joints. OA and RA are the most common types of arthritis, with symptoms including swelling, pain, stiffness, and decreased mobility. They are caused due to aging, physical injuries, trauma, genetic inheritance, diabetes, obesity, and immune dysfunction. Moreover, OA and RA are more prevalent among the older population aged 65 and above, resulting in increased mortality and morbidity rates. Hence, the increasing prevalence of OA and RA necessitates the use of medical devices used to replace the damaged or diseased joints, such as digit joint implants, thereby driving market growth.

As per Technavio, the growing popularity of biodegradable digit joint implants will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global digit joint implants market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Digit Joint Implants Market: Grwing Popularity of Biodegradable Digit Joint Implants



Biodegradable digit joint implants are made of biodegradable polymers, such as polyglycolic acid (PGA), polylactic acid (PLA), poly-ß-hydroxybutyrate (PHB), which degenerate over time and facilitate healing and regeneration of joint tissues. These implants are used to treat metaphyseal and periarticular fractures of joints. The main advantages of these implants are that they promote regrowth of the bone and do not require revision surgery. For instance, CARTIVA by Wright Medical Group, a synthetic hydrogel polymer of polyvinyl alcohol and saline offers the shock-absorbing ability, high-wear resistance, and biocompatibility. It is used to replace the damaged cartilage in the big toe. CARTIVA improves foot mobility and reduces long term pain in the toe. Therefore, it is mostly preferred among end-users, such as hospitals and clinics. The development of such products is expected to boost market growth during the forecast period.

"Apart from the growing popularity of biodegradable digit joint implants, the increasing number of M&A and product launches along with the availability of custom digit joint implants are some other major factors that will boost market growth during the forecast period," says a senior analyst at Technavio.


Global Digit Joint Implants Market: Segmentation Analysis

This market research report segments the global digit joint implants market by product (MCP and PIP joint implants, trapeziometacarpal joint implants, toe implants, and others), by type (foot and hand) and geographical regions (North America, Europe, Asia, and ROW).

The North American region led the market in 2018, followed by Europe, Asia, and ROW, respectively. However, during the forecast period, the North American region is expected to maintain its dominance over the global market and register the highest incremental growth due to the well-equipped and established healthcare infrastructure and the availability of highly skilled professionals in the region.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


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