Minor Orthopedic Replacement Implants Market Definition
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.
Minor Orthopedic Replacement Implants Market Drivers
The key drivers of the minor orthopedic replacement implants market include:
Increase In Proximal Humerus Fractures - 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. The increased incidence of these fractures has driven the minor orthopedics joint replacement market historically.
Minor Orthopedic Replacement Implants Market Restraints
The key restraint on the minor orthopedic replacement implants market include:
Life Span Of Implants - 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 Trends
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.
Minor Orthopedic Replacement Implants Market Segmentation
The minor orthopedic replacement implants market is segmented by specialty, and by geography.
By Service Type -
The minor orthopedic replacement implants market is segmented by type into
Foot & ankle replacement implants had the highest growth rate of nearly 8.1% during the historic period.
- a) Shoulder Replacement Implants
- b) Foot & Ankle Replacement Implants
- c) Elbow Replacement Implants
- d) Wrist Replacement Implants
By Geography - The minor orthopedic replacement implants market is segmented into
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.
- o North America
- o Western Europe
- o Asia Pacific
- o Eastern Europe
- o South America
- o Middle East
- o Africa
Minor Orthopedic Replacement Implants Market Competitive Landscape
Major Competitors are:
- • Depuy Synthes
- • Wright Medical Group
- • Zimmer Biomet
- • Stryker
- • Exactech
- • Integra