FEATURED COMPANIES
- Acumed LLC
- DJO Global
- Johnson and Johnson
- Medartis
- Small Bone Innovations
- Stryker Corporation
The total wrist replacement market is majorly driven by the increasing aging population and the increasing prevalence of rheumatoid and osteoarthritis.
According to the International Osteoporosis Foundation, osteoporosis causes more than 8.9 million fractures globally, resulting in an osteoporotic fracture every 3 seconds. The osteoporosis and low bone mass are currently estimated to be a major public health threat for almost 44 million US women and men aged 50 years and older. According to the report published by the US FDA during the year 2017, around 1.5 million U.S. adults have rheumatoid arthritis and 3.0 million U.S. adults are living with gout. An estimated 2,94,000 U.S. children under age 18 (or one in 250 children) have been diagnosed with arthritis or another rheumatologic condition. Hence, the number of osteoporosis and rheumatoid arthritis is increasing continuously and affecting the population, which is ultimately increasing the demand for total wrist replacement procedures.
Key Market Trends
Total Wrist Fusion Surgery is Expected to Witness a Healthy Growth
Total wrist arthrodesis, also known as total wrist fusion (TWF) is a surgical procedure in which the wrist joint is stabilized or immobilized by fusing the forearm bone with the small bones of the wrist. This procedure is performed to relieve the pain after severe trauma to the wrist. Total wrist arthrodesis may be recommended by the doctor when conservative treatments such as rest, medications, injections and physical therapy do not relieve the pain.
Some of the indications for which TWF is recommended include:
TWF surgery results in a high degree of patient satisfaction with respect to pain relief as well as correction of deformity which is the prime factor augmenting the demand for this surgery.
United States Holds Largest Share of the Market
The United States is dominating the market studied due to the rise in procedures being performed in the country. Owing to the convenient reimbursement policies, people across the country are able to opt for the surgery easily if the doctor recommends the same. With the presence of key market players in the country, new product launches are majorly done in the United States. Therefore, the country has a significant share of the total wrist replacement market.
Competitive Landscape
The market studied is moderately competitive. Market players focus on continuous product development and offering devices at competitive prices, especially in developing countries. Minimally invasive devices, which do not require repeat procedures, are expected to boost the number of procedures in the developed and developing regions.
Reasons to Purchase this report:
This product will be delivered within 2 business days.
According to the International Osteoporosis Foundation, osteoporosis causes more than 8.9 million fractures globally, resulting in an osteoporotic fracture every 3 seconds. The osteoporosis and low bone mass are currently estimated to be a major public health threat for almost 44 million US women and men aged 50 years and older. According to the report published by the US FDA during the year 2017, around 1.5 million U.S. adults have rheumatoid arthritis and 3.0 million U.S. adults are living with gout. An estimated 2,94,000 U.S. children under age 18 (or one in 250 children) have been diagnosed with arthritis or another rheumatologic condition. Hence, the number of osteoporosis and rheumatoid arthritis is increasing continuously and affecting the population, which is ultimately increasing the demand for total wrist replacement procedures.
Key Market Trends
Total Wrist Fusion Surgery is Expected to Witness a Healthy Growth
Total wrist arthrodesis, also known as total wrist fusion (TWF) is a surgical procedure in which the wrist joint is stabilized or immobilized by fusing the forearm bone with the small bones of the wrist. This procedure is performed to relieve the pain after severe trauma to the wrist. Total wrist arthrodesis may be recommended by the doctor when conservative treatments such as rest, medications, injections and physical therapy do not relieve the pain.
Some of the indications for which TWF is recommended include:
- Correction of wrist deformities in patients with spastic hemiplegia
- Advanced symptomatic arthritis secondary to a degenerative, post-traumatic, inflammatory, or post-infectious condition
- Joint destruction due to tumors
- Wrist trauma and instability
- Unsuccessful wrist reconstruction or arthroplasty with or without joint replacement
TWF surgery results in a high degree of patient satisfaction with respect to pain relief as well as correction of deformity which is the prime factor augmenting the demand for this surgery.
United States Holds Largest Share of the Market
The United States is dominating the market studied due to the rise in procedures being performed in the country. Owing to the convenient reimbursement policies, people across the country are able to opt for the surgery easily if the doctor recommends the same. With the presence of key market players in the country, new product launches are majorly done in the United States. Therefore, the country has a significant share of the total wrist replacement market.
Competitive Landscape
The market studied is moderately competitive. Market players focus on continuous product development and offering devices at competitive prices, especially in developing countries. Minimally invasive devices, which do not require repeat procedures, are expected to boost the number of procedures in the developed and developing regions.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format.
- Report customization as per the client's requirements.
- 3 months of analyst support.
This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Acumed LLC
- DJO Global
- Johnson and Johnson
- Medartis
- Small Bone Innovations
- Stryker Corporation
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Small Bone Innovations
- Zimmer Biomet
- Integra Lifesciences Holdings Corporation
- Johnson and Johnson
- Acumed LLC
- Medartis
- Stryker Corporation
- DJO Global
Note: Product cover images may vary from those shown
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