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The total wrist replacement market share is expected to increase to USD 165.9 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.9%.
The report extensively covers total wrist replacement market segmentations by the following:
The total wrist replacement market report offers information on several market vendors, including Acumed LLC, Anika Therapeutics Inc., Extremity Medical LLC, Integra LifeSciences Corp., Johnson and Johnson, Medartis Holding AG, Skeletal Dynamics LLC, Smith and Nephew plc, Stryker Corp., Wright Medical Group NV, and Zimmer Biomet Holdings Inc. among others.
This total wrist replacement market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The growing number of road accidents and fatal sports injuries is notably driving the total wrist replacement market growth, although factors such as the lack of skilled surgeons may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the total wrist replacement industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Total Wrist Replacement Market Driver
Key Total Wrist Replacement Market Trend
Key Total Wrist Replacement Market Challenge
This total wrist replacement market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the total wrist replacement market encompasses successful business strategies deployed by the key vendors. The total wrist replacement market is concentrated and the vendors are deploying growth strategies such as operational costs, innovation, price, and product quality to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The total wrist replacement market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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43% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for the total wrist replacement market in North America. Market growth in this region will be slower than the growth of the market in Asia.
The increasing prevalence of osteoarthritis involving the wrist joint and related risk factors will facilitate the total wrist replacement market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 led to a slight decline in the growth of the total wrist replacement market in North America in 2020. However, the resumption of canceled and postponed arthroplasty surgeries and the increase in the pace of research programs for total wrist replacement since Q4 2020 will drive the growth of the regional market during the forecast period.
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The total wrist replacement market share growth by the hospitals and clinics segment will be significant during the forecast period. The hospitals and clinics segment comprises smaller hospitals and government-funded general hospitals. Hospitals are the leading end-users of the global total wrist replacement market. Smaller hospitals have technologically improved versions of digital devices for wrist replacement. They have highly skilled physicians and technicians to cater to the needs of an economically affluent section of individuals, and hence, they are always required to upgrade themselves technologically. Thus, the high demand for total wrist replacement in hospitals and clinics will further enhance the growth of the market during the forecast
This report provides an accurate prediction of the contribution of all the segments to the growth of the total wrist replacement market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global total wrist replacement market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the total wrist replacement market during the forecast period.
Our report provides extensive information on the value chain analysis for the total wrist replacement market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Total Wrist Replacement Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.9% |
Market growth 2022-2026 |
$ 165.9 million |
Market structure |
Concentrated |
YoY growth (%) |
3.0 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 43% |
Key consumer countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Acumed LLC, Anika Therapeutics Inc., Extremity Medical LLC, Integra LifeSciences Corp., Johnson and Johnson, Medartis Holding AG, Skeletal Dynamics LLC, Smith and Nephew plc, Stryker Corp., Wright Medical Group NV, and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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