Wrist Replacement Orthopedic Devices Market By Product Type(Equipment, Disposables), By End-User(Hospitals, Clinics, Diagnostic Laboratories, Other End-Users), and by Region and Companies Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032.

Wrist Replacement Orthopedic Devices Market Overview:

The Wrist Replacement Orthopedic Devices Market is projected to reach a valuation of USD 7,866.56 Mn by 2032 at a CAGR of 3.9%, from USD 5,164.33 Mn in 2021.

Orthopedic devices are devices that are designed to prevent or manage musculoskeletal problems, while orthotics support or straighten weak joints and limbs. Orthopedic and orthotic devices include back supports and braces, foot and ankle support, cervical collars, knee, and elbow braces, as well as hip supports, among other solutions.

Wrist replacement is a surgical procedure used to relieve wrist pain and increase joint movement in patients with rheumatoid arthritis. It is the process of replacing damaged cartilage or bone in the wrist joint.

Moreover, to imitate the functions of a healthy joint, the wrist bone is resurfaced with implants comprised of a metal alloy or polyethylene. Wrist replacement orthopedic devices are designed to give the wrist more support in order to prevent complications. These orthopedic devices assist in keeping weak joints and limbs in their proper position.

Detailed Segmentation:

The global wrist replacement orthopedic devices market is segmented on the basis of – Product Type, End-User, and Region.

Based on Product Type

• Equipment
• Disposables

Based on End-User

• Hospitals
• Clinics
• Diagnostic Laboratories
• Other End-Users

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics

The introduction of minimally invasive technologies, related technological advancements, direct-to-consumer marketing techniques, the increased risk of osteoporosis and osteoarthritis, booming geriatric populations that are more susceptible, as well as an increase in the number of road accidents are among certain major factors driving the wrist replacement orthopedic devices market.

Furthermore, an increase in research & development activities, as well as an increase in demand from emerging economies are anticipated to create new opportunities for the wrist replacement orthopedic devices market over the forecast period.

However, an increase in the cost of implants, a greater number of future threats from alternative treatments, and stringent government policies for orthopedic implant approvals are major factors that could potentially restrain the market growth, of the wrist replacement orthopedic devices industry.

Key Players:

• Zimmer Biomet
• Johnson & Johnson Services Inc.
• Wright Medical Group N.V.
• Stryker Corporation
• Smith & Nephew PLC
• Össur hf.
• Nuvasive Inc.
• Lifesciences Inc.
• CONMED Corporation
• Exactech Inc.
• Globus Medical Inc.
• Anika Therapeutics Inc.
• Other Key Players
• Recent Developments

Smith & Nephew has agreed to buy Integra’s orthopedic assets for US$240 million.
DePuy Synthes acquired OrthoSpin Ltd., an Israeli organization. OrthoSpin created and produced a first-of-its-kind automated strut system that works with DePuy Synthes’ MAXFRAMETM Multi-Axial Correction System, an external ring fixation system.

Anika Therapeutics Inc., a global joint preservation company in early intervention orthopedics, announced the limited launch and first surgery performed using Anika’s WristMotion® Total Wrist Arthroplasty (TWA) System.

For the XXXXX Market research study, the following years have been considered to estimate the market size: