Global Wrist Joint Market Overview:
The wrist joint also known as the radiocarpal joint is a condyloid synovial joint of the distal top limb that connects and serves as a transition factor among the forearm and hand. A condyloid joint is a changed ball and socket joint that permits for flexion, extension, abduction, and adduction movements. There is a growth has been witnessed within side the call for scientific resources wanted for the inflamed populace. Respiratory assist gadgets consisting of atomizers, lifestyles assist machines, oxygen generators, and video display units are a number of the mostly used scientific gadgets in scientific treatment. Moreover, COVID-19 has additionally led to good sized growth within side the call for scientific resources consisting of non-public protecting system consisting of masks, gloves, and protecting eyeglasses. The want for scientific resources has multiplied amongst each from the healthcare specialists and the civil populace for precautionary measures, thanks to upward thrust in wide variety of COVID-19 instances worldwide. Manufacturers of those merchandise have a possibility to benefit from this multiplied call for scientific resources to make sure suitable and regular deliver of private protecting system within side the market. Therefore, COVID 19 is anticipated to have a good sized effect at the wrist joint orthopedic gadgets market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Wrist Joint Market Dynamics:
Attributes | Details |
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Growth Drivers | - Surge in Demand for Orthopedic Implants
- Increase in Geriatric Population
- Rise in Risk of Osteoporosis and Osteoarthritis
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Restraints | - High Risk of Infection
- Expensive in Procedure
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Road Blocks / Challenges | - Stringent Government Policies for Orthopedic Implants
- Approval Limit the Growth of the Wrist Replacement
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Gaps & Opportunities | - Increase in healthcare costs
- R&D Activities to Improve Orthopedic Devices Quality
- Launch of Novel Orthopedic Devices
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Competitive Landscape:
Market players are focusing on expanding their presence in the global wrist joint market by adopting the inorganic growth strategy. Leading players in the global wrist replacement market are: Medtronic, Kyocera, Integra, Jennifer FitzPatrick, and others.
Some of the key players profiled in the report are Zimmer (United States), North Yorkshire Orthopaedic (United Kingdom), Medtronic (Ireland), Kyocera (Japan), Integra (United States), Jennifer FitzPatrick (United States), Total Ankle Institute (United States), Biomet (United States), Stryker (United States) and WEGO (Singapore). Additionally, following companies can also be profiled that are part of our coverage like Dolomiti Sportclinic (Italy), ZT Medical (United States) and Teijin (Japan). Analyst at AMA Research see United States Players to retain maximum share of Global Wrist Joint market by 2027. Considering Market by End -users, the sub-segment i.e. Hospital will boost the Wrist Joint market. Considering Market by Joint, the sub-segment i.e. Ulnocarpal Joint will boost the Wrist Joint market.
Latest Market Insights:
In 2022, Innovative solutions used in sinus treatments to enhance post-operative outcomes and treat nasal polyps have been added to the full ENT portfolio of Medtronic plc, a world leader in healthcare technology, with the completion of the purchase of Intersect ENT.
In 2020, The U.S. Food and Drug Administration granted 510(k) clearance to the WristMotion Total Arthroplasty System, according to Anika Therapeutics, Inc. The WristMotion System replaces painful wrist joints caused by osteoarthritis, post-traumatic arthritis, or rheumatoid arthritis while preserving the patient's natural biomechanics. This replacement implant represents a completely novel method of wrist replacement. In the past, surgeons would use hardware-intensive methods to try to restore the natural wrist structure.
What Can be Explored with the Wrist Joint Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Wrist Joint Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Wrist Joint
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wrist Joint market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wrist Joint market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Healthcare Service Providers, Hospitals and Clinics, Government Regulations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.