Total Wrist Replacement Market - By Technology (Total Wrist Replacement (TWR), Total Wrist Fusion (TWF)), Fixation Type (Cemented, Cement-less, Hybrid, Reverse Hybrid), End-Use (Hospitals and Clinics, ASCs) & Global Forecast, (2024 – 2032)

Total Wrist Replacement Market - By Technology (Total Wrist Replacement (TWR), Total Wrist Fusion (TWF)), Fixation Type (Cemented, Cement-less, Hybrid, Reverse Hybrid), End-Use (Hospitals and Clinics, ASCs) & Global Forecast, (2024 – 2032)

Total Wrist Replacement Market Size

Total Wrist Replacement Market size was valued at around USD 186.4 million in 2023 and is expected to reach around USD 331.2 million by 2032 at a CAGR of 6.5% during the forecast period. Factors such as increasing cases of trauma and accidents, rising prevalence of rheumatoid arthritis and osteoarthritis along with technological advancements in products is anticipated to propel the market growth.

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The increasing rates of rheumatoid arthritis (RA) and osteoarthritis present significant market challenges globally, impacting productivity, healthcare costs, and individual well-being. Factors like obesity, sedentary lifestyles, and an aging population exacerbate this trend. For instance, as per the data reported by Centers for Disease Control and Prevention (CDC), the prevalence of diagnosed arthritis in the U.S. is significant, with about 21.2% of adults aged 18 years and older reporting diagnosed arthritis during the period from 2019 to 2021. Overall, this rising prevalence of these disorders underscores the importance and necessity of early diagnosis, better treatment, and effective management strategies for such conditions.
 

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Total wrist replacement is a surgical procedure aimed at relieving pain and restoring function in patients with severe wrist arthritis or other conditions that have led to irreparable damage in the wrist joint. This procedure involves replacing the damaged parts of the wrist joint with artificial components made of metal and plastic.

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.

 Total Wrist Replacement Market Analysis

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Based on technology, the market is segmented into total wrist replacement (TWR) and total wrist fusion (TWF). The total wrist replacement segment held the leading position in 2023 and is anticipated to reach USD 218.7 million by 2032.

• Patients undergoing TWR typically experience better postoperative range of motion and functional outcomes. As a result, individuals may prefer TWR for its ability to maintain wrist mobility and flexibility, thereby increasing its demand.   
• Moreover, recovery and rehabilitation following TWR are generally shorter and less intensive compared to TWF making it more cost-effective, hence contributes to the segment growth. 

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>Based on fixation type, the total wrist replacement market is segmented into cemented, cement-less, hybrid, and reverse hybrid. The cemented segment held majority revenue share and was valued at around USD 86.3 million in 2023.

• Cemented fixation is favored for its stability, reliability, and lower revision rates, especially suitable for the elderly population undergoing total wrist replacement procedures. 
• Moreover, surgeon experience and preference play a significant role in the choice of fixation method in TWR surgeries. Some surgeons may have more expertise and confidence in using cemented fixation techniques, leading them to prefer this approach in certain cases based on their clinical judgment and surgical skill set.

The total wrist replacement market by end-use is categorized into hospitals and clinics, ambulatory surgical centers, and other end-users. The hospitals and clinics segment dominated the market with a revenue around USD 98.3 million in 2023.

• Hospitals have access to a wide range of resources, including availability of medical supplies, expert healthcare professionals, and various other support services, that are necessary for performing replacement surgical procedures. Hospitals also have systems in place for managing inventory, scheduling surgeries, and coordinating care for patients undergoing TWR. Hence, owing to the aforementioned variables, the hospital settings are among the primary end-users in the industry.
• Moreover, hospitals provide comprehensive preoperative, intraoperative, and postoperative care for patients undergoing total wrist replacements and have multidisciplinary teams comprising surgeons, nurses, anesthesiologists, physical therapists, and other healthcare professionals who work in tandem to ensure optimal outcomes for patients undergoing TWR. Hence, due to such factors, increasing number of patients opt for treatment in hospital facilities which is expected to fuel the market expansion.

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North America total wrist replacement market accounted for USD 74.5 million revenue in 2023 and is anticipated to witness substantial market growth.

• The surge in fracture and accident cases in North America is a notable concern, with various factors contributing to the increase in such incidents. Fractures, particularly distal radius fractures are becoming more prevalent across different age groups, including children, young adults, and the elderly, thus, anticipating the increasing demand for the treatment in the region.
• Furthermore, increasing awareness about treatment options for wrist arthritis, including TWR, has empowered patients to make informed decisions about their healthcare choices. Educational campaigns led by healthcare providers, patient advocacy groups, and online platforms have significantly bolstered understanding about TWR's effectiveness in managing severe wrist arthritis. This surge in awareness has consequently driven up demand for such procedures.

Total Wrist Replacement Market Share

The total wrist replacement industry is competitive in nature, with numerous large multinational corporations as well as small and mid-sized companies vying for market share. A crucial aspect of market strategy involves the continual development and introduction of innovative products based on various technologies. Further, continuous innovation, clinical evidence generation, and customer-centric strategies are crucial for success in this competitive market.

Total Wrist Replacement Market Companies

Some of the eminent market participants operating in the total wrist replacement industry include

• 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.
• Zimmer Biomet

Total Wrist Replacement Industry News

• In January 2024, Extremity Medical has announced a strategic relationship with Henry Schein, a global healthcare solutions company, to expand its innovative orthopedic extremity implant systems. This collaboration aims to enhance market reach of both the companies and their reputation in the market.
• In January 2022, MicroPort Orthopedics China developed a "personalized and precise" wrist joint prosthesis, offering a new option for patients suffering from wrist deformities and conditions. This key development enabled the company to expand its customer base and product offering for better business results.

Total wrist replacement market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments

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Market, By Technology

• Total wrist replacement (TWR)
• Total wrist fusion (TWF)

Market, By Fixation Type

• Cemented
• Cement-less
• Hybrid
• Reverse hybrid

Market, By End-use

• Hospitals and clinics
• Ambulatory surgical centers
• Other end-users

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa