What is Small Joint Replacement?
In a joint replacement, the anomalous bone and lining structures of the joint are removed surgically, and new parts are implanted in their places. These new parts may be made of plastic or special metal or particular kinds of carbon-coated implants. The new parts permit the joints to move again with little or no pain. Small joints replacement is an effective treatment for moderate to severe osteoarthritis of the hand. Now a days, several design and materials are available for prostethic procedures with very different clinical and functional outcomes.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Johnson & Johnson Services Inc (United States), Zimmer Biomet Holdings (United States), Stryker Corporation (United States), Smith & Nephew (United Kingdom), Wright Medical Group N.V. (United States), B. Braun Melsungen AG (Germany), Integra LifeSciences (United States), Corin Group (United Kingdom), KeriMedical SA (Switzerland) and Marle SA (France) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Ankle Replacement, Digits Replacement, Elbow Replacement and Wrist Replacement) , by application (Hospitals, Orthopedic Centers, Ambulatory Surgery Center and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Small Joint Replacement market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Small Joint Replacement market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Johnson & Johnson Services Inc (United States), Zimmer Biomet Holdings (United States), Stryker Corporation (United States), Smith & Nephew (United Kingdom), Wright Medical Group N.V. (United States), B. Braun Melsungen AG (Germany), Integra LifeSciences (United States), Corin Group (United Kingdom), KeriMedical SA (Switzerland) and Marle SA (France).
Market Overview:
On 23rd February 2022, Stryker announced that the previously announced acquisition of Vocera Communications, Inc., a leader in digital care coordination and communication, has been completed. This acquisition opens up significant opportunities for us to advance innovations and accelerate our digital ambitions.
The CoPs are regulations that are almost entirely focused by statute on protecting the health and safety of all patients, and they are intended to be the baseline health and safety requirements on which hospitals, accreditation organizations, states and localities, and professional organizations can add and build more specific and stringent requirements. We should note that the CoPs already require hospitals to comply with applicable federal laws about patient health and safety.
Among the major players in the global small joint replacement market are Zimmer Biomet, Stryker, Johnson & Johnson (DupeySynthese), Smith & Nephew, Wright Medical, Exactech, Integra Lifesciences, B. Braun Melsungen (Aesculap), Arthrex, Corin Group, and others. To gain a competitive advantage, these companies are pursuing a variety of growth and expansion strategies. Value chain integration with business operations is also followed by industry participants at multiple stages of the value chain.
Small Joint Replacement Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Increasing Prevalence of Osteoporosis and Osteoarthritis
- Growth of Advanced Implants and Materials That Are Long-Lasting
- Rising Awareness Regarding Reconstructive Procedures
|
Major Trends | - Technological Advancements in Small Joint Replacement Sector
|
Restraints | - High Cost Related To Joint Replacement Surgeries
|
Road Blocks / Challenges | - Lack of Healthcare Infrastructure in Under Developed and Developing Regions
|
Gaps & Opportunities | - Promising Reimbursements for Small Joint Replacement
|
Key highlights of the Global Small Joint Replacement market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Small Joint Replacement market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Small Joint Replacement market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Small Joint Replacement Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Small Joint Replacement market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Small Joint Replacement market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Small Joint Replacement Service Providers, Joint Replacement Equipment Manufactures, Suppliers of Medical Equipments, Healthcare Industry, Governmental Bodies and Research Firms.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.