Total Wrist Replacement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Technology (Total Wrist Replacement, Total Wrist Fusion) and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.5 %

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Market Overview

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.

Scope of the Report

Wrist replacement surgery is done to help retain or recover wrist movements. It also improves the ability to perform daily living activities, especially if there is arthritis in the elbow and shoulder. During any total joint replacement, the worn-out ends of the bones are removed and replaced by an artificial joint (prosthesis).

By Technology
Total Wrist Replacement (TWR)
Total Wrist Fusion (TWF)
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East & Africa
GCC
South Africa
Rest of Middle-East & Africa
South America
Brazil
Argentina
Rest of South America

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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.

TWR - 2

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.

TWR - 3

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Global Aging Population

      2. 4.2.2 Increasing Incidences of Arthritis and Osteoporosis

      3. 4.2.3 Increasing Awareness about the Available Treatments for Wrist Injuries and Increase in Disposable Income

    3. 4.3 Market Restraints

      1. 4.3.1 Costs Involved in Wrist Reconstruction Surgeries

      2. 4.3.2 Emergence of Alternative Technologies and Intense Competition from Medicinal Therapy

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 Total Wrist Replacement (TWR)

      2. 5.1.2 Total Wrist Fusion (TWF)

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle-East & Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle-East & Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Small Bone Innovations

      2. 6.1.2 Zimmer Biomet

      3. 6.1.3 Integra Lifesciences Holdings Corporation

      4. 6.1.4 Johnson and Johnson

      5. 6.1.5 Acumed LLC

      6. 6.1.6 Medartis

      7. 6.1.7 Stryker Corporation

      8. 6.1.8 DJO Global

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Total Wrist Replacement Market market is studied from 2018 - 2026.

The Total Wrist Replacement Market is growing at a CAGR of 3.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Zimmer Biomet, Integra Lifesciences Holdings Corporation, Johnson and Johnson, Stryker Corporation, Acumed LLC are the major companies operating in Total Wrist Replacement Market.

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