StageAcq - P2P | Acquired
About Wright Medical Group
Wright Medical Group operates a specialty orthopedic company that provides extremity and biologic solutions that enable clinicians to alleviate pain and restore their patients' lifestyles. On January 22nd, 2021, Wright Medical Group was acquired by Stryker.
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Expert Collections containing Wright Medical Group
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Wright Medical Group is included in 1 Expert Collection, including Medical Devices.
https://www.advamed.org/membership-join/membership-directory/ - excludes those without working websites.
Wright Medical Group Patents
Wright Medical Group has filed 178 patents.
The 3 most popular patent topics include:
- Orthopedic surgical procedures
- Implants (medicine)
- Muscles of the upper limb
Surgical instruments, Orthopedic surgical procedures, Implants (medicine), Prosthetics, Surgery
Surgical instruments, Orthopedic surgical procedures, Implants (medicine), Prosthetics, Surgery
Latest Wright Medical Group News
May 30, 2023
16.7 Billion By 2032 | CAGR of 5.6%; Spherical Insights & Consulting The Global Orthopedic Digit Implants Market Size was valued at USD 9.8 Billion in 2021 and the worldwide Orthopedic Digit Implants Market size is expected to reach USD 16.7 billion by 2032, according to a research report published by Spherical Insights & Consulting. Companies Covered: Johnson and Johnson Services, Inc. (DePuy Synthes), Smith and Nephew, Stryker Corporation, Integra Lifesciences, Acumed LLC., Wright Medical Group N.V., Teijin Nakashima Medical Co., Ltd., Merete Medical GmbH, Zimmer Biomet Holdings, Inc., VILEX IN TENNESSEE, INC. and among others. May 30, 2023 09:30 ET Pune, INDIA New York, United States , May 30, 2023 (GLOBE NEWSWIRE) -- The Global Orthopedic Digit Implants Market Size to grow from USD 9.8 billion in 2021 to USD 16.7 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period due to the increasing geriatric population worldwide and the rise of arthritis are the mainstays of the orthopedic digit implants market. In addition, growing awareness about less intrusive technology and the advent of 3D printing technology has revolutionized the use of orthopedic technology. Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/1939 An orthopaedic digit implant is a docile medical device that is covered in a plastic coating that mimics cartilage. It is constructed of biocompatible materials like titanium or stainless steel. The knee, ankles, toes, elbows, and fingers are just a few examples of minor joint segments where these implants are used to replace missing or damaged bones. The market for orthopaedic digit implants is primarily driven by rising incidences of orthopaedic diseases and an ageing global population. Orthopaedic digit implants available on the market include scaphoid bone implants, metacarpal joint implants, hemi phalangeal implants, and intramedullary toe implants. The market for orthopaedic digit implants is expanding primarily as a result of the rising older population worldwide and the rising prevalence of arthritis. Additionally, the usage of orthopaedic technology has been significantly altered by growing awareness of less intrusive technology and the introduction of 3D printing technology. According to NCBI data, 43 million individuals would experience moderate to severe disability as a result of osteoarthritis worldwide in May 2022, affecting 3.3% to 3.6% of the population. This places it as the 11th most debilitating illness in the world. The report also stated that in the U.S., it is anticipated that over 80% of those over 65 have radiographic evidence of osteoarthritis, with 60% of those individuals exhibiting clinical symptoms. The market is expected to be driven by the rise in arthritis cases and the increased burden of arthritis problems among the elderly. The primary elements influencing rest training that have an impact on the market's revenue growth are the lengthier recovery times and probable problems associated with orthopaedic digit implant surgery. A lengthier recovery period is required after joint replacement surgery for digits because these procedures can be complicated. Because of this, some patients—particularly those who are elderly or have other health issues—may find the operation less enticing. In addition to this, the possibility of complications from the treatment, such as bleeding, infection, and nerve damage, may reduce demand for orthopaedic digit implants worldwide. Browse key industry insights spread across 213 pages with 122 market data tables and figures & charts from the report on “ Global Orthopedic Digit Implants Market Size , Share, and COVID-19 Impact Analysis, By Product (Metatarsal Joint Implants, Metacarpal Joint Implants), By Material (Pyrocarbon, Titanium, Nitinol, Others), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2032" Get Detailed Report Description Here: Buy Now Full Report: https://www.sphericalinsights.com/checkout/1939 Product Insights Metatarsal joint implants segment is anticipated to dominate the market over the forecast period On the basis of product, the global orthopedic digit implants market is segmented into metatarsal joint implants, metacarpal joint implants, toe intramedullary digit implants, scaphoid bone digit implants, and hemi phalangeal digit implants. Among these, metatarsal joint implants segment is estimated to dominate the market with the largest market share over the forecast period. In essence, metatarsal joint implants are a type of orthopaedic implant that are used to treat diseases that affect the foot's metatarsal joints, which are situated between the bones in the toes and midfoot. Osteoarthritis, trauma, and rheumatoid arthritis are three disorders that might damage these joints. On the other hand, the market for intramedullary digit implants is expected to increase at the fastest rate. The current invention provides systems, methods, and implants for implantation inside bone structures known as intramedullary implants. A body with at least two beams positioned in respect to the body's longitudinal axis makes up the implant. Each beam is linked to the body at one end and has an end. The end of the second pair of beams is detachably attached to the first pair. Material Insights Titanium segment holds the largest market share over the forecast period On the basis of material, the global orthopedic digit implants market is segmented into pyrocarbon, nitinol, titanium, and others. Among these, titanium segment is dominating the market with the largest market share over the forecast period. An orthopaedic implant known as a titanium implant is made of a titanium alloy that also contains other metals like vanadium and aluminium. The primary factors driving the need for titanium implants are its strength, biocompatibility, and ability to withstand heavy loads. They also have a longer lifespan and can withstand wear and tear. In addition to this, titanium implants are extensively utilised during orthopaedic procedures and are highly popular in the market. They have a successful track record. On the other hand, the pyrocarbon sector is predicted to experience the quickest market growth throughout the forecast period. The rise is attributed to because of their biocompatibility and long-term endurance. Additionally, because pyrocarbon has a low wear rate and a mechanical strength that is comparable to bone, it is employed in the manufacture of replacement materials for hard tissues. Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/1939 Regional Insights North America is dominating the market with the largest market share over the forecast period North America is dominating the market with the largest market share over the forecast period. The increasing prevalence of osteoarthritis, the ageing population, and the increased desire for less invasive surgical procedures all contribute to growth. Additionally, the introduction of fresh products and the presence of more competitors encourage market expansion in the region. On the other hand, Asia Pacific is predicted to experience the fastest market growth throughout the forecast period. The rise in hand injuries, the ageing population, growing awareness of the advantages and accessibility of these implants are all factors that have contributed to the growth. Additionally, rising disposable income and health care costs in China and India are also predicted to fuel market expansion in the Asia Pacific region. Competitive Analysis: The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Orthopedic Digit Implants Market include Johnson and Johnson Services, Inc. (DePuy Synthes), Smith and Nephew, Stryker Corporation, Integra Lifesciences, Acumed LLC., Wright Medical Group N.V., Teijin Nakashima Medical Co., Ltd., Merete Medical GmbH, Zimmer Biomet Holdings, Inc., VILEX IN TENNESSEE, INC. Get Discount At @ https://www.sphericalinsights.com/request-discount/1939 Market Segment This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Orthopedic Digit Implants Market based on the below-mentioned segments: Orthopedic Digit Implants Market, Product Analysis Optical Coherence Tomography Cataract Hospitals and Eye Clinics
Wright Medical Group Frequently Asked Questions (FAQ)
When was Wright Medical Group founded?
Wright Medical Group was founded in 1950.
Where is Wright Medical Group's headquarters?
Wright Medical Group's headquarters is located at 5677 Airline Road, Arlington.
What is Wright Medical Group's latest funding round?
Wright Medical Group's latest funding round is Acq - P2P.
How much did Wright Medical Group raise?
Wright Medical Group raised a total of $26.61M.
Who are the investors of Wright Medical Group?
Investors of Wright Medical Group include Stryker, Warburg Pincus, The Vertical Group and Thomas McNerney & Partners.
Who are Wright Medical Group's competitors?
Competitors of Wright Medical Group include Active Implants, Cagenix, Netpulse, Stanmore Implants, Tricol Biomedical, Doctors Research Group, Tornier, United Orthopedic Group, Biomimedica, MAKO Surgical and 22 more.
Compare Wright Medical Group to Competitors
TransCorp develops and commercializes minimally invasive surgical instruments and implants for neurosurgical and orthopedic applications.
TrueVision Systems, dba TrueVisions 3D Surgical, provides digital 3D visualization and guidance for microsurgery. The company has developed an intelligent, real-time, 3D surgical visualization and computer-aided guidance platform. TrueVision combines 3D visualization and guidance software applications focused on improving accuracy, efficiency, and outcomes for both surgeons and patients. The company is developing 3D guidance applications for microsurgery to improve surgical efficiencies and patient outcomes. The Refractive Cataract Toolset is a computer-aided software for astigmatic correction and advanced IOL positioning.
Spineworks Medical, Inc. designs and manufactures medical devices for spinal surgery.
iBalance, Inc. is developing an improved method for completing an orthopedic surgical procedure called high tibial osteotomy. The company aims to provide the surgical tools and implant for this knee malalignment corrective surgery.
Cagenix develops and researches new devices for dental implants. The company's main focus is on providing superstructures for multiple dental implants that is used to restore chewing function and aesthetics for patients.
Active Implants develops orthopedic implant solutions that complement the natural biomechanics of the musculoskeletal system, allowing patients to maintain or return to an active lifestyle.
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