New Technologies Drive Growth In Orthopedic Extremities Market
This article was originally published in Start Up
While the mature hips, knees, and spine segments of the orthopedics industry are growing by low single-digit rates, some sectors of the extremity industry are growing by 13% to 14%. START-UP profiles three companies in different sectors of extremities: Conventus Orthopaedics, in the hand and wrist market, Nextremity Solutions, working on devices for the forefoot, and Cartiva Medical, with a cartilage platform and an initial focus on the great toe.
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The Cartiva synthetic cartilage implant from Cartiva Inc. is mostly water; hence, the hydrogel polymer mimics physical properties of human cartilage. The company is initially focusing on repairing cartilage defects in ankles and feet, specifically the metatarsophalangeal joint at the base of the great toe, to relieve arthritis pain.
Nextremity Solutions Inc. is focusing on devices for the forefoot – treatments for hammertoes and bunions, for example – which, with a projected growth rate of 13% is the fastest growing sector of the foot and ankle market and one of the fastest growing in orthopedic surgery.
Entering a market dominated by invasive metal plates and screws, the founders of Conventus Orthopaedics Inc., who came from the cardiovascular industry, have adapted the concept of minimally invasive self-expanding stents to the problem of treating distal radius fractures, the most common fracture of the forearm.