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Digit Replacement Market Worth $92.2M by 2020- Global Analysis and Market Forecasts

Press Release   •   Jun 08, 2017 05:46 EDT

Summary

GlobalData estimates sales of digit replacement implants to be approximately $65.5M across all 39 countries in 2016. This market will grow at a CAGR of 5% over the forecast period, reaching sales of $92.2M by 2023. The primary driver for growth in the digit replacement market d is the aging population and a consequent rise in the prevalence of arthritis. However, its general lack of efficacy, based on long-term data, and inferiority to arthrodesis are important obstacles to be overcome. Advancement in materials research for joint reconstruction will propel the adoption of digit replacement through the forecast period; however, excessive short-term complications and superior results from arthrodesis or joint fusion threaten the widespread adoption of these devices.

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Scope

- Outlook of sales volume, pricing trends, revenue trends with 2016 as base year and forecasts until 2023, for digit replacement implants.

- Company share analysis in 2016, for digit replacement implants.

- Market insights and competitive assessment of the key players within the digit replacement market.

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Reasons to buy

- Identify the unmet needs with the current generation of digit replacement implants and understand how emerging technologies will meet these unmet needs.

- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the digit replacement market in the future

- Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing the performance of various competitors.

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