Press release
Minor Orthopedic Implants Replacement Market Growth Analysis, Trends and Future Insights
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.
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Proximal humerus fractures are the most common shoulder injuries, especially due to osteoporosis in elders over 70 years. The incidence rate of proximal humerus fractures has increased by 15% per year. Of these fractures around 5% require shoulder arthroplasty.
Minor joint implants have relatively short life spans compared to hip and knee implants. The life span for shoulder and elbow replacement implants is around 10-15 years. Ankle implants are intact for 5 to 8 years. Due to their short lifespan these procedures are not recommended for young people.
Minor Orthopedic Replacement Implants Market Segmentation: -
By Service Type - The minor orthopedic replacement implants market is segmented by type into
1. Shoulder Replacement Implants
2. Foot & Ankle Replacement Implants
3. Elbow Replacement Implants
4. Wrist Replacement Implants
Foot & ankle replacement implants had the highest growth rate of nearly 8.1% during the historic period.
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By Geography - The minor orthopedic replacement implants market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
North America is the largest market for minor orthopedic replacement implants, accounting for 62.2% of the global market. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, Asia-Pacific and North America will be the fastest growing regions in this market.
Some of the major key players involved in the minor orthopedic replacement implants market are Depuy Synthes, Wright Medical Group, Zimmer Biomet, Stryker, Exactech, Integra.
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