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.This growth is primarily driven by Increasing Prevalence of Osteoporosis and Osteoarthritis, Growth of Advanced Implants and Materials That Are Long-Lasting and Rising Awareness Regarding Reconstructive Procedures.
Globally, a noticeable market trend is evident Technological Advancements in Small Joint Replacement Sector. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On April 17, 2019 - Smith & Nephew plc, the global medical technology business, announces it has completed the acquisition of Leaf Healthcare, Inc., the developer of the unique Leaf Patient Monitoring System to monitor the orientation and activity of patients susceptible to pressure ulcers. and On March 12, 2019 – Exactech, a developer and producer of bone and joint restoration products and biologic solutions for extremities, knee and hip announced that it has acquired XpandOrtho, a designer of soft tissue balancing instruments for knee replacement surgery.
- Increasing Prevalence of Osteoporosis and Osteoarthritis
- Growth of Advanced Implants and Materials That Are Long-Lasting
- Rising Awareness Regarding Reconstructive Procedures
- Technological Advancements in Small Joint Replacement Sector
- High Cost Related To Joint Replacement Surgeries
Promising Reimbursements for Small Joint Replacement
Lack of Healthcare Infrastructure in Under Developed and Developing Regions
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