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MediPoint: Wrist Replacement - Europe Analysis and Market Forecasts

MediPoint: Wrist Replacement - Europe Analysis and Market Forecasts

  • May 2017
  • 36 pages
  • ID: 5013010
In this report:
THE UK'S WRIST REPLACEMENT MARKET WAS VALUED AT $##.##M IN 2016 AND IS EXPECTED TO GROW TO $##.##M IN 2023 AT A CAGR OF ##.##%, WHILE IRELAND'S MARKET WAS VALUED AT $##.##M IN 2016 AND IS EXPECTED TO GROW TO $##.##M IN 2023 AT A CAGR OF ##.##%.
GERMANY'S WRIST REPLACEMENT MARKET WAS VALUED AT $##.##M IN 2016 AND IS EXPECTED TO GROW TO $##.##M IN 2023 AT A CAGR OF ##.##%, WHILE SWITZERLAND'S WRIST REPLACEMENT MARKET WAS VALUED AT $##.##M IN 2016 AND IS EXPECTED TO GROW TO $##.##M IN 2023 AT A CAGR OF ##.##%.

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MediPoint: Wrist Replacement - Europe Analysis and Market Forecasts

Brief

European wrist replacement market was estimated at US$10.4M in 2016 across the 21 markets included in this market report (Austria (AT), Belgium (BE), Czech republic (CZ), Denmark (DK), Finland (FI), France (FR), Germany (DE), Greece, Hungary (HU), Ireland, Italy (IT), Netherlands, Norway (NO), Poland (PL), Portugal (PT), Russian Federation, Spain (ES), Sweden (SE), Switzerland, Turkey (TR), and UK). By the end of the forecast period in 2023, it is estimated that the industry will grow to approximately US$13.3M at a Compound Annual Growth Rate of 3.50 percent.

Global wrist arthroplasty is a surgical intervention with the goal of reducing wrist pain and growing joint mobility for patients suffering from rheumatoid arthritis and is increasingly being used for other indications including osteoarthritis and posttraumatic arthritis. It is recommended in cases where less invasive operative techniques are ineffective and as an alternative to global wrist fusion. For low-demand patients, global wrist replacement offers the essential range of motion to engage in normal daily activities, although it remains a relatively rare procedure.

Germany (DE) represented the biggest portion of the market in 2016, holding close to 25.0 percent of the regional revenue, and is anticipated to maintain this dominance through the forecast period. Norway (NO) is anticipated to be the quickest-increasing market through 2023, at a CAGR (Compound annual growth rate) of 4.50 percent, while the slowest growth will be observed in Greece with a compound annual growth rate (CAGR) of 1.30 percent.

Most of the wrist replacement market is occupied by a few players, including Stryker, Zimmer Biomet, Wright Medical, and Integra LifeSciences. These companies are dominant players in the medical device industry with meaningful clinical research data driving product adoption as well as expansive sales and distribution networks. Innovation as well as good educational and technical support from these manufacturers can significantly accelerate the uptake of additional technologies. There is need for technology development in the bearing surface and the fixation of the hand component of wrist implants, and top players have incentives to invest in the preoperative training of surgeons. Old and additional medical device companies looking to enter the small joint replacement market should understand that only through well-designed teaching seminars and effective communication with surgeons will the sector enjoy superior growth.

The industry report "MediPoint: Wrist Replacement - Europe Analysis and Market Forecasts" focuses on the market outlook for wrist replacement devices in Europe (EU) (Austria (AT), Belgium (BE), Czech republic (CZ), Denmark (DK), Finland (FI), France (FR), Germany (DE), Greece, Hungary (HU), Ireland, Italy (IT), Netherlands, Norway (NO), Poland (PL), Portugal (PT), Russian Federation, Spain (ES), Sweden (SE), Switzerland, Turkey (TR), and UK). The analysis determines the top unmet needs in the wrist replacement market, discusses the main drivers and barriers of adoption, and provides an detailed understanding of physicians' perceptions and the future outlook for this sector by segment and geography.

Strategic analysis report:

- Overview of new main industry events and analysis of their market impact.

- Annualized global market revenue, procedure trends, and market outlooks by segment and by region through 2023.

- Key topics covered include tactical competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region examined in the study, and implications of the emerging technologies in the industry.

- Analysis of the current and future market competition in the overall wrist replacement market. Insightful review of industry drivers, barriers, and challenges.

Corporations mentioned in this industry report: Integra LifeSciences, Zimmer Biomet, Wright Medical, Stryker, Swemac, Evolutis, Extremity Medical, Arthrosurface.

Overview

- Overview of new top industry events and analysis of their market impact.

- Annualized global market revenue, procedure trends, and market outlooks by segment and by region through 2023.

- Key topics covered include tactical competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region included in the analysis, and implications of the emerging technologies in the sector.

- Analysis of the current and future market competition in the European wrist replacement market. Insightful review of industry drivers, barriers, and challenges.

Great reasons to purchase

The market research will enable you to -

- Develop and design your in-licensing and out-licensing strategies through a review of marketed products and technologies.

- Develop strategic management by understanding the trends shaping and driving the wrist replacement market.

- Drive revenues by understanding the main trends, innovative products and technologies, market segments, and firms likely to impact the wrist replacement market in the outlook.

- Specified effective sales and marketing strategies by understanding the challenging landscape and by analyzing the performance of different competitors.

- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a ambitious advantage.

- Track device sales in country-specific wrist replacement market from 2014-2023.

- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and tactical partnerships.

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