Interphalangeal Fusion Market Value Projected to Expand by 2018 to 2028
Interphalangeal fusion or arthrodesis is a surgical technique for immobilizing the distal or proximal joints of hands or legs for the treatment of pain, deformity or instability of the joint resulting from degenerative, inflammatory or posttraumatic disorders such as hammertoe and arthritis.Interphalangeal Fusion Market: Drivers and Restraints
The rising incidence rate of hammertoe and arthritis is the prime driver of the market growth. According to Center for Disease Control, an estimated 54.4 Million U.S. adults suffer from arthritis, rheumatoid arthritis, gout, lupus or fibromyalgia annually. CDC further predicts that an estimated 78 Million U.S. adults will suffer from arthritis by 2040. The percentage of the older population, aging 65 years or older, suffering from arthritis is a staggering 49.6% with osteoarthritis being the most common form, affecting an estimated 31 Million Americans per year. According to the National Foot Health Assessment about 3% of U.S. adults aged 21 and older, reflecting approximately 7 Million people, suffered from hammertoe in 2015. Thus, a large and sustainable market exists in the region, which is easily comprehendible.
Request for Brochure @ https://www.factmr.com/connectus/sample?flag=B&rep_id=1346
Technological developments such as the development of lightweight and strong fixation implants made of titanium and other materials, customization of implant screws according to patient sizes and others are driving larger market uptake.
The high cost of surgery and lack of awareness are some of the restraints in the global interphalangeal fusion market. Surgical complications such as risk of infection and pain, coupled with the poor healthcare infrastructure in developing regions, are other constraints that impede the growth of the interphalangeal fusion market. The market also suffers from competition from external fixation as well as shoe inserts, which may hamper the growth of the market.
Interphalangeal Fusion Market: Segmentation
The global interphalangeal fusion market can be segmented on the basis of the device, end user and region.
Based on the device, the global interphalangeal fusion market has been segmented into:
Implants
Screws
Wire
Pads
Others
Based on the material of construction, the global interphalangeal fusion market has been segmented into:
Polymers
Metals
Others
Based on the end user, the global interphalangeal fusion market has been segmented into:
Hospitals
Clinics
Ambulatory Surgical centers
Interphalangeal Fusion Market: Overview
The global market for interphalangeal fusion is highly consolidated with a handful players dominating the scene. The interphalangeal fusion market shows a definite shift in favor of the developing regions of Asia Pacific, such as India and China. There is also a strong trend of collaboration between large hospitals and third party payers, owing to distribution efficiency and strategic partnerships. Technology gains from product development represent largest value proposition over cost.
For example, BioPro implants developed the Osteotec Silicone Finger Implant using high tear resistant implant grade silicone, replacing the traditional cobalt chromium metals. Companies are also developing titanium metal implants for patients suffering from metal allergies related to standard cobalt chrome.
Product development is another attractive strategy followed by many companies. For example, Centric Medical announced the FDA clearance of the metatarsal hemi implant system in February 14, 2017, followed by the FDA 510(k) clearance of its cannulated screw internal fixation system in January 18, 2018.
Interphalangeal Fusion Market: Regional Outlook
The global interphalangeal fusion market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America, dominated by the U.S., accounts for the largest share in the global interphalangeal fusion market, owing to the concentration of key market players, increasing number of large procedures, rising awareness and faster uptake of latest technologies. The Europe interphalangeal fusion market is expected to be led by Germany, France and the U.K. The advanced medical devices industry in Germany is a significant driver for the European market.
Request Report Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=1346
The Asia Pacific excluding Japan interphalangeal fusion market is expected to grow at the fastest CAGR, owing to the growing healthcare expenditure and improvements in healthcare infrastructure with China and India expected to hold the lion’s share.
The Middle East and Africa interphalangeal fusion market is expected to be dominated by wealthy gulf economies of Saudi Arabia, Kuwait, UAE and Qatar. The development of healthcare infrastructure, owing to government initiatives, coupled with large public healthcare expenditure, is expected to drive the market for interphalangeal fusion in the Middle East and Africa region.
Interphalangeal Fusion Market: Market Participants
Examples of some of the major players operating in the global interphalangeal fusion market are Arthrex, Inc., Biomet, Inc., Acumed, Nextremity Solutions, Inc., Arthrosurface, Arrowhead Medical Device Technologies, Wright Medical Group N.V., Centric Medical LLC. (Life Spine, Inc.), Lineage Medical, Inc., BioPro implants, Instratek, Stryker, Extremity Medical LLC and others.
The global interphalangeal fusion report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The interphalangeal fusion report covers exhaustive analysis on,
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes,
North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU – (Germany, France, Italy, Spain), U.K., BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep., etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
Report highlights,
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Interphalangeal Fusion Market Value Projected to Expand by 2018 to 2028 here
News-ID: 1169893 • Views: …
More Releases from Fact.MR
Chromatography Syringes Market to Experience Notable Growth by 2032
The market research and competitive intelligence company Fact.MR recently released a report estimating that sales of Chromatography Syringes would reach a valuation of US$ 140 million by 2032, growing at a compound annual growth rate (CAGR) of roughly 6% between 2022 and 2032.
Developments in chromatography syringe design and calibration, such as digitalization leading to appropriate sample pooling, are improving the performance of chromatography columns. These advancements offer benefits such faster…
Sacroiliac Joint Fusion Market: An Overview of the Forecasted CAGR of 20.2% from …
It is projected that the worldwide market for Sacroiliac Joint Fusion would be valued US$ 3,900 million by 2032, up from US$ 620 million in 2022. The market is anticipated to expand at a CAGR of 20.2% between 2022 and 2032. the rapid technological advancement in the healthcare industry and the growing demand for minimally invasive surgical treatments are responsible for the market's progress. orthopedic doctors at Yale Medicine frequently…
Cruelty-Free Makeup Market Projected to Witness a Growth of US$ 12.55 Billion by …
The global Cruelty-Free Makeup Market is expected to grow substantially from US$ 6.26 billion in 2023 to US$ 12.55 billion by the end of 2033. This extensive report expects a 7.2% increase in global demand from 2023 to 2033, with premium makeup items accounting for 64% of the market.
The study looks at how increased knowledge of the terrible processes that animals go through during cosmetic testing is driving the growing…
Snowboard Equipment Market is Expected to reach US$ 455 Million by 2033
The global snowboard equipment market is expected to grow at a 3.9% CAGR over the next decade, reaching $455 million by the end of 2033.
Snowboard equipment is specifically intended for the sport of snowboarding and includes a snowboard, bindings, boots, outerwear, and protective equipment. What distinguishes snowboard equipment from alternatives is its versatility, which makes it easier for beginners to learn while also providing greater control and manoeuvrability on snowy…
More Releases for Interphalangeal
The Rising Incidence Rate Of Hammertoe And Arthritis Is Likely To Drive Growth O …
Fact MR Analysis of Interphalangeal Fusion Market provides compelling insights into the factors propelling sales prospects in key segments. It provides an executive-level blueprint of key market players' strategies and analyses their impact on overall growth projections
According to Fact MR's recent market research, Interphalangeal Fusion Market sales will increase at propelled CAGR by 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncovering…
North America to Continue with its leading Streak in the Psoriatic Arthritis The …
Psoriatic Arthritis is a diseased condition which is prevalent in 25% of the psoriasis patient involving inflammatory arthopathy. It is associated with stiffness in the joints, swelling and joint tenderness including the surrounding ligaments and tendons. This is due to the degeneration of the cartilages present in the joints. One of the peculiar characteristic symptom of twisted small joints like fingers. Patients already affected by psoriasis have symptoms like redness…
Impact of Existing and Emerging Interphalangeal Fusion Market Trends And Forecas …
Interphalangeal fusion or arthrodesis is a surgical technique for immobilizing the distal or proximal joints of hands or legs for the treatment of pain, deformity or instability of the joint resulting from degenerative, inflammatory or posttraumatic disorders such as hammertoe and arthritis.
Interphalangeal Fusion Market: Drivers and Restraints
The rising incidence rate of hammertoe and arthritis is the prime driver of the market growth. According to Center for Disease Control, an estimated…
Global Interphalangeal Fusion Market Scenario Highlighting Major Drivers & Trend …
The high cost of surgery and lack of awareness are some of the restraints in the global Interphalangeal Fusion Market. Surgical complications such as risk of infection and pain, coupled with the poor healthcare infrastructure in developing regions, are other constraints that impede the growth of the interphalangeal fusion market. The market also suffers from competition from external fixation as well as shoe inserts, which may hamper the growth of…
Interphalangeal Fusion Market Size, Analysis, and Forecast Report 2018-2028
Interphalangeal fusion or arthrodesis is a surgical technique for immobilizing the distal or proximal joints of hands or legs for the treatment of pain, deformity or instability of the joint resulting from degenerative, inflammatory or posttraumatic disorders such as hammertoe and arthritis.
Interphalangeal Fusion Market: Drivers and Restraints
The rising incidence rate of hammertoe and arthritis is the prime driver of the market growth. According to Center for Disease Control, an estimated…
Research Study on Global Interphalangeal Fusion Market Highlights Recent Trends, …
Interphalangeal fusion or arthrodesis is a surgical technique for immobilizing the distal or proximal joints of hands or legs for the treatment of pain, deformity or instability of the joint resulting from degenerative, inflammatory or posttraumatic disorders such as hammertoe and arthritis.
Interphalangeal Fusion Market: Drivers and Restraints
The rising incidence rate of hammertoe and arthritis is the prime driver of the market growth. According to Center for Disease Control, an estimated…