The Total Wrist Replacement Market was valued at USD 0.08 billion in 2023. The Total Wrist Replacement Market industry is projected to grow from USD 0.09 billion in 2024 to USD 0.11 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.40% during the forecast period (2024 - 2032). The rising prevalence of wrist arthritis and the surge in sports-related injuries are the primary market drivers propelling the market's expansion.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Total wrist fusion (TWF), also known as complete wrist arthrodesis, is a surgical technique that fuses the wrist's tiny bones with the forearm bone to stabilize or immobilize the wrist joint. This surgery improves discomfort following significant wrist injuries. In cases where conservative measures, including rest, medication, injections, and physical therapy, are ineffective in relieving discomfort, the doctor may suggest complete wrist arthrodesis.
The use of total wrist fusion is expected to see strong interest and supply during the projection time frame because of the maturing populace's expanded affinity for creating joint pain and arm injuries. According to the World Wellbeing Association's October 2021 report, for instance, the quantity of people aged 60 or older is anticipated to rise from 1 billion in 2020 to 2.1 billion by 2050. Also, because the older populace is more susceptible to outer muscle conditions like osteoporosis and joint pain, there will probably be a rise in the requirement for complete wrist fusions during the estimated time frame. Additionally, osteoarthritis is thought to be among the most common articular illnesses in those over 65. The need for complete wrist fusion is therefore anticipated to increase because of the growing elderly population, which will support the segment's growth.
Furthermore, innovative technologies that imitate natural wrist movements include the KinematX complete wrist arthroplasty system and the DRPx system for wrist fracture plating. These technologies are based on contemporary bioengineering ideas. By providing patients with improved treatment alternatives that closely mirror physiological processes, these developments propel market CAGR growth.
Customized wrist implants made possible by the use of 3D printing materials and technology have increased and boosted product appeal in the market. This novel technique anticipates the expansion of the market by producing implants that are customized to each patient's unique anatomy, improving overall results, reducing problems, and improving fit during wrist replacement procedures. Moreover, key players participate in the development of novel items and advancements. For example, in October 2021, Tyber Clinical LLC declared it had gotten the US Food and Medication Organization clearance for its extended line of physical plating frameworks, including wrist fusion plates, thus driving the Total Wrist Replacement market revenue.
Based on Fixation Type, the Total Wrist Replacement Market segmentation includes cemented, cement-less, hybrid, and reverse hybrid. In 2023, the cemented segment dominated the market. Because of its durability, dependability, and reduced revision rates, cemented fixation is preferred; it is particularly well-suited for the older population having complete wrist replacement surgeries. Furthermore, the choice of fixation technique in TWR procedures is heavily influenced by the expertise and preferences of the surgeon. Based on their clinical judgment and surgical skill set, certain surgeons may opt to use cemented fixation procedures since they have greater experience and confidence in doing so.
The cement-less category is anticipated to be the fastest growing. Patients who have had unsuccessful wrist arthroplasty procedures in the past or who have encountered problems with cemented implants may benefit from revision surgeries using cementless complete wrist replacement. The cementless technique enhances surgical results by facilitating the implantation of new components without the need for cement and making it easier to remove existing implants. It also lowers the possibility of developing new issues.
Figure 1: Total Wrist Replacement Market by Fixation Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on End-Users, the Total Wrist Replacement Market segmentation includes hospitals, orthopedic clinics, and others. In 2023, the hospitals category generated the most income. Hospital settings are among the industry's primary end-users due to the availability of medical supplies, skilled healthcare professionals, and a variety of other support services that are required for performing replacement surgical procedures. Hospitals also have systems in place for managing inventory, scheduling surgeries, and coordinating care for patients undergoing TWR.
The Total Wrist Replacement orthopedic clinics segment market is anticipated to grow fastest during the forecast period. Because patients who are experiencing wrist discomfort or dysfunction, orthopedic clinics are frequently the initial point of contact. These clinics' orthopedic physicians perform patient assessments, identify severe injuries or disorders like arthritis, and decide if a whole wrist replacement is the best course of action.
The study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World by region. The North American Total Wrist Replacement market will dominate this market. The region's growing number of cases of arthritis, rising rates of arm injuries, and the existence of significant market participants are all anticipated to fuel the market's expansion.
For instance, the July 2022 NCBI article said that around one in seven Americans, or 13.6% of the total population, suffered from wrist arthritis. In a similar vein, an Ohio State University paper from 2021 stated that 6 million Americans fracture their bones annually. The article also said that 16% of all musculoskeletal injuries that occur in the US each year are fractures. Over 40% of fractures take place in the house. Similarly, the January 2021 NCBI article said that more than 16.5% of Canadians, or around 4.8 million individuals, received a diagnosis of arthritis in 2021 from medical experts. As a result, it is anticipated that the rising prevalence of bone fractures and arthritis will increase demand for total wrist replacement in North America, supporting the market's expansion.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: TOTAL WRIST REPLACEMENT MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Total Wrist Replacement market accounts for the second-largest market share. Numerous European nations have excellent insurance coverage for medical treatments and well-established healthcare systems. Because of this financial stability, patients may choose to have total wrist replacement surgery to restore wrist function and enhance their quality of life. Further, the German Total Wrist Replacement market held the largest market share, and the UK Total Wrist Replacement market was the fastest-growing market in the European region.
The Asia-Pacific Total Wrist Replacement Market is expected to grow at the fastest CAGR from 2024 to 2032. Patient demand for complete wrist replacement procedures is being driven by rising healthcare literacy, patient knowledge of treatment alternatives, and the availability of information through digital media throughout Asia Pacific. Moreover, China’s Total Wrist Replacement market held the largest market share, and the Indian Total Wrist Replacement market was the fastest-growing market in the Asia-Pacific region.
Total Wrist Replacement Key Market Players & Competitive Insights
The industry's leading players will keep spending a lot of money on research and development to increase their product lines, which will propel the Total Wrist Replacement market's growth. Contractual agreements, mergers and acquisitions, increased investments, collaboration with other companies, and the production of new products are examples of significant market developments. To increase their worldwide reach, market players also take part in a variety of strategic initiatives. In order to survive and expand in a more competitive and dynamic market, the Total Wrist Replacement industry must offer reasonably priced products and services.
One of the main strategies manufacturers use in the worldwide Total Wrist Replacement market is local manufacturing, which expands the market sector and helps customers by lowering operating costs. The Total Wrist Replacement industry has recently provided some of the largest medical advantages. Major players in the Total Wrist Replacement market, including Acumed LLC, Arthrex, Inc., Anika Therapeutics Inc., DJO, LLC, Extremity Medical, MicroPort Orthopedics, Inc., Integra LifeSciences Corporation, Stryker Corporation, Smith+Nephew, Wright Medical Group N.V., Zimmer Biomet, and others, are making investments in R&D activities in an effort to boost market demand.
Treatments for traumatic situations and degenerative orthopedic illnesses are developed, produced, and marketed by Anika Therapeutics Inc. (Anika). It provides solutions for veterinary, ophthalmology, cutaneous, orthopedic, and surgical applications. Joint implants, instrumentation devices, joint replacement solutions, regenerative and orthopedic surgery treatments, bone repair therapy, enhanced wound care, and ophthalmic goods are among its main products for both humans and animals. According to its technique, hyaluronic acid (HA) in the solid form known as HYAFF is used to make its goods. Anika is located in Bedford, Massachusetts, and contains research and production facilities. The WristMotion Total Wrist Arthroplasty (TWA) System was introduced during the American Society for Surgery of the Hand (ASSH) 2021 annual conference in San Francisco, according to a September 2021 announcement by Anika Therapeutics, Inc., a worldwide joint preservation firm.
An orthopedic device firm is called Extremity Medical, LLC. In order to meet the demanding demands of surgeons who treat the distal extremities, which include the hand, wrist, foot, and ankle, they are creating next-generation solutions. Their main goals are to find unmet requirements and provide novel solutions for upper and lower extremity fusion, fixation, and mobility preservation systems. The global healthcare solutions business Henry Schein and Extremities Medical formed a strategic partnership in January 2024 with the aim of expanding Extremity Medical's cutting-edge orthopedic extremities implant systems. The purpose of this partnership is to expand the firms' market reach and improve their standing in the industry.
Key Companies in the Total Wrist Replacement market include
Total Wrist Replacement Industry Developments
August 2022: With the introduction of the OSSIOfiber Suture Anchors, Ossio Inc. increased the range of bio-integrative implants that it offers for use in hand, wrist, and other surgeries.
August 2022: Extremity Medical LLC, Medical was awarded a minor joint contract by Vizient. The unique Total Wrist Arthroplasty device and other limb Medical upper and lower limb systems are included in the contract that was granted.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.08 Billion |
| Market Size 2024 | USD 0.09 Billion |
| Market Size 2032 | USD 0.11 Billion |
| Compound Annual Growth Rate (CAGR) | 3.40% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Fixation Type, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Acumed LLC, Arthrex, Inc, Anika Therapeutics Inc., DJO, LLC, Extremity Medical, MicroPort Orthopedics, Inc, Integra LifeSciences Corporation, Stryker Corporation, Smith+Nephew, Wright Medical Group N.V., and Zimmer Biomet. |
| Key Market Opportunities | ยทย ย ย ย ย ย Development of innovative implants and minimally invasive surgical techniques |
| Key Market Dynamics | ยทย ย ย ย ย ย Rising prevalence of wrist arthritis and surge in sports-related injuries |
Frequently Asked Questions (FAQ) :
The Total Wrist Replacement Market size was valued at USD 0.08 Billion in 2023.
The global market is projected to grow at a CAGR of 3.40% during the forecast period, 2024-2032.
North America had the largest share of the global market
The key players in the market are Acumed LLC, Arthrex, Inc., Anika Therapeutics Inc., DJO, LLC, Extremity Medical, MicroPort Orthopedics, Inc., Integra LifeSciences Corporation, Stryker Corporation, Smith+Nephew, Wright Medical Group N.V., and Zimmer Biomet.
The Cemented category dominated the market in 2023.
Hospitals have the largest share of the global market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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