Wrist Replacement Market Size, Share and Global Trend By Technology (Total Wrist Replacement, Total Wrist Fusion), By End User (Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers, Others), and Regional Forecast, 2024-2032

Wrist replacement refers to the procedure of the replacement of the wrist or the provision of support to the wrist that is damaged or unable to undertake its normal functions. Wrist replacement is often undertaken as a treatment for various forms of arthritis such as osteoarthritis and rheumatoid arthritis. It can also be done for injuries relating to the wrist and for the correction of deformities. The number of wrist replacement procedures are increasing gradually owing to the innovative technology for manufacturing orthopedic implants and rise in procedures in the outpatient setting. Furthermore, new product launches and strategic collaboration are expected to augment the global wrist replacement market. For example, in December 2017, OrthoPediatrics Corp. launched Wrist Fusion Plate System for pediatrics to expand their PediFrag franchise.

The global wrist replacement market is anticipated to grow, owing to several factors such as the increased prevalence of various forms of arthritis such as osteoarthritis & rheumatoid arthritis, increase in injuries, increasing demand for normal functioning, increase in comorbidities, and increase in awareness of the medical procedures. According to the Arthritis Foundation, arthritis is the leading cause of disability in the U.S., with the most common type of arthritis being osteoarthritis. This trend, combined with other factors, are expected to positively drive the market forward.

Some of the factors that are expected to limit the growth of the global wrist replacement market include the high rates of wrist replacement failures, high costs involved, and competition from alternative treatments such as medication therapy.

KEY PLAYERS COVERED

Some of the major companies that are present in the global wrist replacement market are Stryker, Acumed LLC, Zimmer Biomet, Integra LifeSciences, and DePuy Synthes.

SEGMENTATION

The total wrist replacement segment is estimated to expand in the projected period owing to the increasing number of wrist implants, rising number of total wrist procedures, and increasing trend of minor joint replacement surgery in an outpatient setting.

KEY INSIGHTS

Number of wrist replacement surgery for key countries

Prevalence of osteoarthritis for key countries

New product launch

Regulatory scenario for key countries

Reimbursement Scenario for key countries

Recent industry developments such as partnerships, mergers, and acquisitions

REGIONAL ANALYSIS

North America accounts for the largest share in the global wrist replacement market due to the increasing incidences of sports injuries, rapid adoption of 3-D printing technology, and favorable healthcare reimbursement. The wrist replacement market in Europe is poised to surge due to the increasing number of joint replacement procedures and increasing demand for orthopedic implants. Asia Pacific is the fastest emerging wrist replacement market due to the increasing incidences of arthritis, increasing disposable income, and developing healthcare systems.