What is Total Wrist Replacement Market?
Total Wrist replacement is a procedure where the injured wrist is replaced or provided with support which unable to carry out its normal functions. Wrist replacement is often considered as a treatment for various forms of arthritis including osteoarthritis and rheumatoid osteoarthritis. Wrist replacement or reconstruction can also be done for the correction of wrist deformities. According to research Nearly one in seven people in the U.S. suffers from wrist arthritis, one of the most common and debilitating conditions treated by hand surgeons. Recent interventions, such as fusion, relieve pain at the expense of range of motion and quality of life. A number of wrist replacement procedures are elevating owing to the innovation in technology and the manufacturing of advanced orthopedic implants.
The market study is being classified by Type (Total Wrist Replacement (TWR) and Total Wrist Fusion (TWF)), by Application (Hospitals and Medical Institutions) and major geographies with country level break-up.
Zimmer Biomet(United States), Integra Lifesciences Holdings Corporation(United States), Johnson and Johnson(United States), Stryker Corporation(United States), Acumed LLC(United States), Smith and Nephew (United Kingdom), Wright Medical (United Kingdom), Globus Medical (United States), DJO Global (United States) and Medtronic Spinal (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are NuVasive Inc. (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Total Wrist Replacement market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Total Wrist Replacement market by Type, Application and Region.
On the basis of geography, the market of Total Wrist Replacement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The growing prevalence of arthritis and osteoporosis has driven the procedural growth
- Growing Number of surgical process and accident
- The high cost of the wrist replacement surgery
- Strategic collaboration and new product launches have enabled the market booming the growth opportunities manufacturers
- The risks of infection and stiffness
In March 2020 Extremity Medical, a worldwide clinical gadget organization with mastery in creative inserts for upper and lower furthest points declared it has gotten FDA 510(k) leeway for the main absolute wrist substitution embed intended to copy characteristic wrist scope of movement in patients with wrist joint inflammation and other degenerative wrist conditions.
“The US Food and Drug Administration (FDA) has approved a new total wrist replacement device for people seeking relief from painful arthritis. The design is the culmination of three decades of award-winning research by Scott Wolfe, M.D., a hand surgeon at Hospital for Special Surgery (HSS), and Joseph J. Crisco, III, Ph.D., director of the Bioengineering Laboratory at Brown University and Rhode Island Hospital.”
Key Target Audience
Companies Manufacturing Total Wrist Replacement, Medical Device Distributors, Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies), Health Insurance Providers, Research and Consulting Firms and Regulatory Authority
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