Digits Replacement Market: Introduction
Joint replacement is a surgery that replaces a damaged joint in the body with a new joint, which is made of plastic or metal. The new joint works the same as the natural joint.
Digit replacement is an artificial joint replacement of a finger, in which a surgeon removes one or more of the joints in the finger and replaces them with an artificial joint. The two finger joints that can be replaced are:
The PIP joint is the second joint from the end of the finger
The MP joint is the knuckle, the joint at the base of the finger
Digit replacement is used when the joints in the fingers and hands are injured, damaged, or in a lot of pain due to an illness like arthritis
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Key Drivers of Global Digits Replacement Market
Increase in incidence of osteoporosis and osteoarthritis, particularly among the geriatric population, is projected to propel the global digit replacement market. These diseases are known to impact the anatomical joint structures of the human body.
According to the World Health Organization, the global geriatric population was around 524 million in 2010 and is anticipated to reach 1.5 billion by 2050. Moreover, the world is aging at a rapid pace, especially in the developed countries such as the U.S., Germany, and Japan. For instance, the U.S. Census Bureau stated in 2010 that people older than 65 years represented around 12.4% of the total population of the U.S. in 2000 and the percentage is anticipated to reach 19% by 2030.
Therefore, rise in incidence of chronic diseases and increase in the geriatric population across the world are expected to fuel the growth of the digit replacement market
Metallic Biomaterials Segment to Dominate Global Market
In terms of biomaterial, the global digits replacement market can be divided into metallic biomaterials, polymeric biomaterials, ceramic biomaterials, and others
The metallic biomaterials segment held the largest market share in 2019 owing to cost-effectiveness
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The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global Digits Replacement market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global Digits Replacement market.
Key Players Operating in Global Digits Replacement Market
The global digits replacement market is semi-consolidated with the presence of international and local players. Key players operating in the global digits replacement market are:
- Integra LifeSciences
- Wright Medical
- Zimmer Biomet
- Smith & Nephew plc
- Medtronic plc
- DePuy Synthes
- DJO Global
- CONMED Corporation
- Arthrex, Inc.
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