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Total Wrist Replacement Market Trends

Report ID: GMI8598
Published Date: Mar 2024
Report Format: PDF

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Total Wrist Replacement Market Trends

Advancements in product development and approvals have spurred the creation of innovative surgical solutions, enhancing patient care. Specifically, research and development efforts focused on wrist replacement devices have significantly expanded the market, providing tailored interventions to improve surgical outcomes.

Pioneering technologies like the DRPx system for wrist fracture plating and the KinematX total wrist arthroplasty system leverage modern bioengineering principles to mimic natural wrist movements. These advancements drive market growth by offering patients enhanced treatment options that closely resemble physiological functions.
Additionally, the utilization of 3D printing materials and technology to create customized wrist implants have led to enhanced and improved product appealing in the industry. This innovative approach allows to produce implants tailored to the patient's unique anatomy, leading to better fit, reduced complications, and improved overall outcomes in wrist replacement surgeries, hence anticipating the market growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Total wrist replacement (TWR) industry size was USD 186.4 million in 2023 and is set to expand at 6.5% CAGR during 2024-2032 attributed to the increasing cases of trauma and accidents, rising prevalence of rheumatoid arthritis and osteoarthritis along with technological advancements.

Total wrist replacement segment is anticipated to reach USD 218.7 million by 2032 owing to its growing demand as patients undergoing TWR typically experience better postoperative range of motion and functional outcomes.

North America total wrist replacement industry size accounted for USD 74.5 million in 2023 and is set to expand at a notable CAGR between 2024 and 2032 owing to the surge in fracture and accident cases along with the increasing awareness about treatment options in the region.

Some of the top firms engaged in the total wrist replacement industry are Acumed LLC, Anika Therapeutics Inc., Arthrex, Inc, DJO, LLC, Extremity Medical, Integra LifeSciences Corporation, MicroPort Orthopedics, Inc, Smith+Nephew, Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet.