The Business Research Company’s “Minor Orthopedic Implants Replacement Market By Types (Shoulder Replacement Implants, Wrist Replacement Implants, Elbow Replacement Implants, Foot & Ankle Replacement Implants), By Geography, By Key Players And By Trends – Global Forecast To 2021” under Medical Equipment category covers market characteristics, key players, market size and trends from 2019 to 2022
Minor orthopedic implants include implants used in shoulder, wrist, ankle and foot joints. These implants are used to restore joint function (movement), and relieve pain.
Minor orthopedic joint replacement surgery for shoulder, wrist, ankle and foot is growing because of the high incidence of arthritis and fractures. Osteoarthritis and rheumatoid arthritis are the major causes for joint replacement surgery including minor orthopedic joints. The other cause for joint replacement surgery is failed previous joint replacement surgery. The purpose of joint replacement surgery is to restore joint motion for activities of daily living and to alleviate pain. A joint replacement helps to restore the power and movement of the joint which is lost due to age-related changes, i.e. wear and tear of muscles.
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The Minor Orthopedic Replacement Implants Market Segmentation
By Service Type – The minor orthopedic replacement implants market is segmented by type into
- a) Shoulder Replacement Implants
- b) Foot & Ankle Replacement Implants
- c) Elbow Replacement Implants
- d) Wrist Replacement Implants
Foot & ankle replacement implants had the highest growth rate of nearly 8.1% during the historic period.
Major trends influencing the minor orthopedic replacement implants market include:
Generic Companies Gain Traction – Following the expiry of patents for implants, around sixteen generic companies have entered the orthopedic replacement implants market in the USA, including Orthosolutions, Covenant Orthopedics, Ortho Direct USA, and Emerge Medical. These generic companies are making copies of legacy implants with proven designs and biomaterials. These generic orthopedic implant companies’ offer lower prices compared to branded implants and are thus a big threat for the big orthopedic devices manufacturers such as Stryker, J&J/DePuy/Synthes, Zimmer/Biomet, Smith & Nephew and Medtronic Spine.
Increased use of reverse shoulder arthroplasty – The procedure numbers for reverse shoulder arthroplasty are continuously increasing. Approximately 50% of shoulder replacements in the US, and 70% of shoulder replacements in Europe are reverse shoulder replacement surgery. The balance of shoulder replacements are total shoulder arthroplasty or hemi-arthroplasty. This increased trend towards reverse shoulder arthroplasties are due to their increasing utilization to treat shoulder fracture patients, expanding applications to both elderly and more active patients, the highly successful outcomes of the procedure, and surgeons becoming more comfortable with the procedure.
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