Radial Head Resection Implants Market, By Product Type (Standard, Recon, Lateral), By Fracture Type (Type III and Type IV), By Material (Titanium and Silicone), By End User (Orthopedic and Trauma Centers, Hospitals, and Orthopedic Clinics) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI7118 | Publish Date: April 2024 | No. of Pages: 180

Global Radial Head Resection Implants Overview

Introduction:

Radial Head Resection Implants  Market was valued at US$ 3.5 Billion in 2024 and is projected to grow at a CAGR of 4.50% to reach US$ 5.3 Billion by 2034.

[PDF] Elbow dislocations are linked to radial head fractures. Operative fixation is typically used to treat displaced or comminuted radial head fractures, and concurrent treatment is given for concomitant fractures and ligament ruptures. Progressive elbow pain and stiffness may be caused by incongruous reduction or late radial head collapse and subsequent arthrosis in such circumstances, the fixation implant is removed and the radial head is resected.

The market for Radial Head Resection Implants is anticipated to expand as there is a rise in elbow fractures from a various causes, including accidents on the road, sports, or daily activities that can cause type 2 and type 3 joint dislocation, which has increased the demand for Radial Head Resection implants. Additionally, a sizable portion of the population, particularly the elderly or physically challenged, has inadequate bone mass, making them more susceptible to severe joint injuries that need implants to be fixed.

For instance, according to National Institute of Health, this form of fracture occurs between 11.5 and 12 times per 100,000 people, and it can be brought on by a number of direct and indirect traumatic causes. Moreover, the market for Radial Head Resection Implants is expected to develop as a result of the growing pediatric population around the world, where elbow fractures are the most common fractures overall.

Global Radial Head Resection Implants Dynamics

Increasing Acceptance of Implants

Due to the growing acceptability of implants globally, the market for Radial Head Resection Implants is anticipated to rise in the future. The demand for different types of implants has increased due to improvements in implant technology, which have provided a viable therapeutic strategy. Additionally, the advancement of biocompatible, low- or non-innate immune response, and development of Bio-compatible materials has made implants more promising. As a result, the market for implants is anticipated to grow, which could eventually lead to Radial Head Resection Implants Market expansion in the upcoming year.

For instance, according to National Institute of Health, from 1019 implants reported to the registry in 2006 to 27,000 implants recorded in 2019 for all of India. The majority of patients (98.5%) had osteoarthritis in the knee, indicating that India will soon have the fastest growth rate in the world for joint implants.

Technological Advancement and New Investments

Radial Head Resection Implants Market is anticipated to grow during the forecast period due to technological advancements in the implants system. The population's dependency rate may rise as a result of technological advancements that focus on existing defects or risks related to implants, thereby expanding the target market. New technologies, such as personalized 3D bio- printed implants, can demonstrate a long-term risk-free approach to treatment and can drive the market for radial head resection implants throughout the forecast period. In addition, fresh investments in technology to support R&D and startups with innovative technologies can ratchet up target market competition, which is predicted to propel the Radial Head Resection Implants Market in the years to come.

Restrains:

High Risk of Reoperation Associated with Implants

Awareness regarding high risk of reoperation associated with implants in population can constrain the market growth for Radial Head Resection Implants in coming years. Various data and personal experiences have shown high risk on the site of implant when reoperation is done for any reason.

For instance, according to the National Institute of Health, a survey 119 patients undergoing reoperation was conducted with different age grouped involved and was concluded that patients are put in high risk while performing surgery. Moreover, after implants the movement of elbow are slow and patients has very low chances of getting back to sports or any other physical activities due to which people tends to choose different treatment method of fracture which is expected to slow the market growth for Radial Head Resection Implants.

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Global Radial Head Resection Implants Segmentation

Segmentation - Radial Head Resection Implants Market

Radial Head Resection Implants Market is segmented based on Product Type, Fracture Type, Material, End-Users and Region.

Product Type Insight

On the basis of Product Type, Radial Head Resection Implants Market is segmented into Standard, Recon, and Lateral. Lateral segment is expected to dominate the target market growth because it provides easy access to the supinator crest of the ulna to address a supinator crest fracture or a Lateral Ulnar Collateral ligament (LUCL) avulsion from the supinator crest which may occur in 5% of terrible triad injuries.

Fracture Type Insights

On the basis of Fracture Type, Radial Head Resection Implants Market is segmented into Type III and Type IV. Type III segment is expected to dominate the target market growth due to increase in the rate of fractures that can be fixed with implants. This intra-articular fracture crosses the physis and enters the epiphysis. 10% of all fractures are of the Type III variety.

Material Insights

On the basis of Material, Radial Head Resection Implants Market is segmented into Titanium and Silicone. Titanium segment is expected to dominate the target market as titanium is extremely lightweight, highly compatible with the body, and has excellent strength and durability and also resists corrosion.

End User Insights

On the basis of End User, Radial Head Resection Implants Market is segmented into Orthopedic and Trauma Centers, Hospitals, and Orthopedic Clinics. Hospitals segment are expected to dominate target market growth due to rising burden of patients with fractures. Hospitals provides intensive care units which may be required in surgical implants, with increasing number of multispecialty hospitals providing better treatment options with skilled personnels and better care this segment is expected to dominate the market.   

Regional Insights:

On the basis of region, the Radial Head Resection Implants Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period, owing to factors such as rising geriatric population with low bone mass and are prone to severe fractures. Also, the highly advanced technology and skilled medical practitioners can increase the dependency on implants in the region. Presence of key players can also be the factor of region to dominate the market in coming years.

Furthermore, North America is anticipated to generate the highest revenue during the forecast period due to factors like its strong healthcare system, rising healthcare spending, favorable healthcare insurance programs that enable the population to afford the high cost of implants, and the presence of cutting-edge intensive care facilities for postoperative care.

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Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product Type - Standard, Recon, Lateral

By Fracture Type - Type III and Type IV

By Material - Titanium and Silicone

By End-Users - Orthopedic and Trauma Centers, Hospitals, and Orthopedic Clinics

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Radial Head Resection Implants Market report based on Product Type, Fracture Type, Material, End-Users and Region:

Radial Head Resection Implants Market, By Product Type:

  • Standard
  • Recon
  • Lateral  

Radial Head Resection Implants Market, By Fracture Type:

  • Type III
  • Type IV

Radial Head Resection Implants Market, By Material:

  • Titanium
  • Silicone

Radial Head Resection Implants Market, By End-Users:

  • Orthopedic and Trauma Centers
  • Hospitals
  • Orthopedic Clinics

Radial Head Resection Implants Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Radial Head Resection Implants Key Players

The key players operating the Radial Head Resection Implants Market includes, Wright Medical Technology, Inc., Biomet, Inc., Smith & Nephew Plc, and Stryker.

Global Radial Head Resection Implants Key Issues Addressed

Recent Development:

  • In October 2020, “DePuy Synthes” released its Radial Head Replacement System in the United States, further enhancing its portfolio in extremities, according to a statement from the Johnson & Johnson Medical Devices Companies. The DePuy Synthes Radial Head Replacement System is the first system to offer radiolucent trials, which allow for direct and radiographic visualization of the elbow joint during trialing and aid in the promotion of proper sizing. Additionally, smooth stemmed implants are available for the DePuy Synthes Radial Head Replacement System. These implants are made to allow for unfettered motion, enabling the stem to self-center inside the radial canal.
  • In February 2020, In2Bones Global, Inc. announced the “Avenger Radial Head Prosthesis System's” introduction in the United States for both primary and revision joint replacement of the radial head. In comparison to existing prosthetic systems, the novel prosthesis restores elbow joint function and offers surgeons and patients a number of benefits. This radial head implant is among the initial to use sterile, single-use equipment. The new Avenger Radial Head Prosthesis System is modular, allowing surgeons to restore the proper height of the radius, which may help with elbow stability. This is made possible by the system's numerous, highly-polished head and stem sizes.

Global Radial Head Resection Implants Company Profile

  • Wright Medical Technology, Inc. *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Biomet, Inc.
  • Smith & Nephew Plc
  • Stryker

“*” marked represents similar segmentation in other categories in the respective section.

Global Radial Head Resection Implants Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Fracture Type
      • Market Snippet, By Material
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Product Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Standard
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Recon
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Lateral
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Market Segmentation, By Fracture Type, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Type III
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Type IV
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Market Segmentation, By Material, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Titanium
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Silicone
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. Market Segmentation, By End-User, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Orthopedic and Trauma Centers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Orthopedic Clinics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  9. Global Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Fracture Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Fracture Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Fracture Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Fracture Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Fracture Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • Wright Medical Technology, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Biomet, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Smith & Nephew Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Stryker
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Radial Head Resection Implants Market is segmented into Product Type, Fracture Type, Material, End-Users and Region.

Radial Head Resection Implants Market is driven by factors like increasing elbow fractures, growing acceptance of implants and technological advancement & new investments in market.

By region, the Radial Head Resection Implants Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Radial Head Resection Implants Market includes, Wright Medical Technology, Inc., Biomet, Inc., Smith & Nephew Plc, and Stryker.