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Total Wrist Prosthesis Market by Product Type (Implants and Accessories), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) is expected to advance at a substantial CAGR forecast till 2032 owing to the increasing prevalence of chronic disorders and rising number of trauma cases across the globe
The total wrist prosthesis market is estimated to grow at a CAGR of 4.34% during the forecast period from 2025 to 2032. The total wrist prosthesis market is growing significantly due to the increasing cases of degenerative bone-related disorders such as rheumatoid arthritis & osteoarthritis, increasing instances of trauma cases resulting from road traffic accidents, and the rising number of sports-related injuries, growing product developmental activities globally acting as major factors contributing to the overall growth of the total wrist prosthesis market during the forecast period from 2025 to 2032.
Total Wrist Prosthesis Market Dynamics:
Osteoarthritis is a degenerative joint disease characterized by the breakdown of cartilage in the joint, leading to pain, stiffness, and reduced range of motion. As per data from the World Health Organization (WHO) 2023, 344 million individuals are affected by osteoarthritis globally on average. Among this population, 73% of people with osteoarthritis are older than 55, and 60% are female. The same source further stated that 13 million people were living with rheumatoid arthritis. This causes the joint lining to become inflamed and eroded, leading to progressive destruction of the cartilage and bone.
According to the WHO factsheet (2023) on road traffic injuries, road traffic injuries are the leading cause of fatality in children and young adults in the age group of 5 to 29 years. The same factsheet further stated that globally nearly 20 to 50 million people suffer from non-fatal injuries in road accidents resulting in disability as a result of their injury each year. These incidents majorly result in bone fractures and dislocations.
The high prevalence of osteoarthritis and rheumatoid arthritis with the rise in non-fatal road injuries causing bone fractures and dislocations, is driving the demand for total wrist prosthesis. These conditions often result in joint damage and loss of function, making wrist replacement surgery a vital option to restore mobility and alleviate pain. Additionally, advancements in prosthetic design and materials are increasing their application in managing complex joint injuries and degenerative diseases, further expanding their market.
Hence, the interplay of all the above-mentioned factors are expected to drive the market for total wrist prosthesis market during the given forecast period from 2025 to 2032.
However, the stringent regulatory requirements for total wrist prosthesis, risks & complications associated with these, and others may restrict the market growth.
Total Wrist Prosthesis Market Segment Analysis:
Total Wrist Prosthesis Market by Product Type (Implants and Accessories), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the product type segment of the total wrist prosthesis market, the implants category is expected to have a significant revenue share in the year 2024. The implant category in the total wrist prosthesis market is growing due to the advancements in features and their expanded applications.
Modern wrist implants are designed with improved biocompatibility, durability, and anatomical customization, ensuring better patient outcomes and longer implant lifespan. Their ability to restore mobility and alleviate pain in conditions like arthritis, trauma, and degenerative joint diseases has made them increasingly popular.
Additionally, innovations like 3D-printed and bio-integrative implants have enhanced surgical precision and adaptability, broadening their use across diverse patient demographics and complex cases.
Therefore, the presence of a robust product portfolio in the implants category with a wide range of features and applications is expected to witness considerable growth, eventually contributing to the growth of the overall total wrist prosthesis market during the forecast period from 2025 to 2032.
North America is expected to dominate the overall total wrist prosthesis market:
Among all the regions, North America is estimated to hold a significant revenue share in the total wrist prosthesis market in 2024. This can be attributed to several factors, including the high prevalence of psoriatic arthritis, combined with the growing need for effective treatment options, and the strong presence of market players & supportive healthcare infrastructure in the region driving the market for total wrist prosthesis in the North America region during the forecast period from 2025 to 2032.
As per updated data from the National Psoriasis Foundation (2022), over 8 million Americans were diagnosed with psoriasis in 2021 and approximately 30% of individuals with psoriasis developed psoriatic arthritis. The increasing prevalence of psoriatic arthritis is a common complication of psoriasis, thus driving the demand for total wrist prostheses as more patients seek solutions for joint damage and pain relief.
Various product developmental strategies such as product launches in the region also play a major role in pushing forward the revenue shares of total wrist prosthesis in the region. For example, in August 2022, OSSIO, Inc., a fast-growing orthopedic fixation technology company, announced the U.S. launch and first commercial use of OSSIOfiber(R) Suture Anchors, which expanded patient access to the company's growing portfolio of bio-integrative implants for use in foot/ankle, shoulder, knee, hand/wrist, and elbow surgery.
The prompt and well-established healthcare services and infrastructure further contribute to the growth of the total wrist prosthesis market growth in North America. The presence of key players such as Johnson & Johnson Services, Inc., Stryker, and Zimmer Biomet with their strong distribution networks ensure widespread availability and accessibility of these devices across the region, increasing their market position in North America.
Therefore, the interplay of all the factors mentioned above would provide a conducive growth environment for the North America region in the Total Wrist Prosthesis market during the forecast period from 2025 to 2032.
Total Wrist Prosthesis Market key players:
Some of the key market players operating in the Total Wrist Prosthesis market include Johnson & Johnson Services, Inc., Stryker, Zimmer Biomet, Smith+Nephew, Enovis Corporation, MicroPort Scientific Corporation, Arthrex, Inc., Exactech, Inc., Acumed LLC, Wright Medical Group N.V., Anika Therapeutics, Inc., Integra LifeSciences Corporation, MICROMED Medizintechnik GmbH, TEIJIN NAKASHIMA MEDICAL CO., LTD., OSSIO, Inc., and others.
Recent Developmental Activities in the Total Wrist Prosthesis Market:
In January 2022, Suzhou Minimally Invasive Orthopedics (Group) Co., Ltd. (MicroPort(R) Orthopedics China) developed a "personalized and precise" wrist joint prosthesis.
In September 2021, Anika Therapeutics, Inc., a global joint preservation company, launched its WristMotion(R) Total Wrist Arthroplasty (TWA) System at the American Society for Surgery of the Hand (ASSH) annual meeting.
Key takeaways from the Total Wrist Prosthesis Market Report study
Market size analysis for current total wrist prosthesis market size (2024), and market forecast for 8 years (2025 to 2032)
Top key product/services developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
Key companies dominating the total wrist prosthesis market
Various opportunities available for other competitors in the total wrist prosthesis market space
What are the top-performing segments in 2024? How these segments will perform in 2032?
Which are the top-performing regions and countries in the current total wrist prosthesis market scenario?
Which are the regions and countries where companies should have concentrated on opportunities for total wrist prosthesis market growth in the coming future?
Target audience who can be benefited from this Total Wrist Prosthesis market report study
Total wrist prosthesis device providers
Research organizations and consulting companies
Total wrist prosthesis related organizations, associations, forums, and other alliances
Government and corporate offices
Start-up companies, venture capitalists, and private equity firms
Distributors and traders dealing in total wrist prosthesis
Various end-users who want to know more about the total wrist prosthesis market and the latest developments in the total wrist prosthesis market
Frequently Asked Questions for the Total Wrist Prosthesis Market:
1. What are Total Wrist Prosthesis?
Total Wrist Prosthesis are procedures involving surgical implants designed to replace damaged or arthritic wrist joints, restoring function and alleviating pain.
2. What is the market for Total Wrist Prosthesis?
The total wrist prosthesis market is estimated to grow at a CAGR of 4.34% during the forecast period from 2025 to 2032.
3. What are the drivers for the Total Wrist Prosthesis market?
The total wrist prosthesis market is growing significantly due to the increasing cases of degenerative bone-related disorders such as rheumatoid arthritis & osteoarthritis, increasing instances of trauma cases resulting from road traffic accidents, and the rising number of sports-related injuries, growing product developmental activities that are acting as major factors contributing to the overall growth of the total wrist prosthesis market during the forecast period from 2025 to 2032.
4. Who are the key players operating in the Total Wrist Prosthesis market?
Some of the major market players operating in the Total Wrist Prosthesis market include Johnson & Johnson Services, Inc., Stryker, Zimmer Biomet, Smith+Nephew, Enovis Corporation, MicroPort Scientific Corporation, Arthrex, Inc., Exactech, Inc., Acumed LLC, Wright Medical Group N.V., Anika Therapeutics, Inc., Integra LifeSciences Corporation, MICROMED Medizintechnik GmbH, TEIJIN NAKASHIMA MEDICAL CO., LTD., OSSIO, Inc., and others.
5. Which region has the highest share in the Total Wrist Prosthesis market?
Among all the regions, North America is estimated to hold a significant revenue share in the Total Wrist Prosthesis market in 2024. This can be attributed to several factors, including the high prevalence of psoriatic arthritis, combined with the growing need for effective treatment options, and the strong presence of market players, supportive healthcare infrastructure in the region that drives the market for Total Wrist Prosthesis market in the North America region during the forecast period from 2025 to 2032.
Table of Contents
1. Total Wrist Prosthesis Market Report Introduction
1.1. Scope of the Study
1.2. Market Segmentation
1.3. Market Assumption
2. Total Wrist Prosthesis Market Executive Summary
2.1. Market at Glance
3. Competitive Landscape
4. Regulatory Analysis
4.1. The United States
4.2. Europe
4.3. Japan
4.4. China
5. Total Wrist Prosthesis Market Key Factors Analysis