Wrist Fixator Procedure Kit Market to Reflect Impressive Growth Rate During 2018-2028
The wrist fixator procedure kit is a locked and flexible intramedullary nail system for wrist fractures. Wrist fixator procedure kit is mainly indicated for unbalanced fractures of distal radius, uncluttered fractures of fractures related with radiocarpal dislocations and severe soft tissue injury. These systems are available as screws and plates in a sterile pack with the implant and instruments to help reduce the surgical time in multiple fracture injuries of hand and foot. Increasing number of manufacturers in wrist fixator procedure kit market are launching new products to streamline the surgical procedures and provide more flexibility to the surgeons while operating.
Wrist fixator procedure kit market comprises of plating systems and fixation systems available for the small bones of hand and foot. Wrist fixator procedure kits are envisioned as a means to alleviate bone segments in a comprehensive range of signs, including joint fusion, fractures, joint distraction, lengthening bone transport and angular corrections. Many of the external wrist and hand fixation devices are cumbersome and badly arranged for patients, meddling with day by day exercises, individual cleanliness and clothing. It has been proposed that outer fixators for distal range breaks ought to be ideally low profile and one-sided designs are viewed as more attractive. Ergonomics is another critical angle for patient wellbeing.
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Wrist fixator procedure kit market revenue is growing with a significant rate, this is attributed to increasing number of hand fractures due to crush injuries. An expected 640,000 wrist fractures or injuries happen every year in men and women of any age in the U.S. and are a standout amongst the most much of the time seen fractures in the emergency centres and hospitals in individuals under 65. With such a high volume of strategies, specialist and supplier clients need an answer that empowers great treatment for patients while enhancing productivity, lessening costs and limiting deferrals related with instrumentation and disinfection issues.
Newly manufactured wrist fixator devices are light weight, patient friendly, radiolucent for easy x-ray visualization of the fracture during the reduction and follow-up and has greater controlled intraoperative distraction for final fracture reduction. In addition to this, increasing prevalence of osteoporosis and osteoarthritis leads to increase in the number of fractures which in turn drives the demand for wrist fixator procedure kit. Growing insurance coverage and reimbursement plans for fracture cases aids in the revenue growth of wrist fixator procedure kit market. Increasing number of new product launches also drives the market for Wrist fixator procedure kit as more number of companies are entering this lucrative market space. However complications associated with the corrosion of metal implant, loosening of fixation systems is expected to hamper the revenue growth of wrist fixator procedure kit market over the forecast period.
The wrist fixator procedure kit market is segment based on the product type, and end user.
Wrist fixator procedure kit market is segmented into following types:
By Product Type
By End User
Wrist fixator procedure kit market revenue is expected to grow at a healthy growth rate, over the forecast period attributed to increasing number of fracture cases over the forecast period. The market is anticipated to perform well in the near future due to increasing number of sports injuries which leads to fractures of hand and foot. Also the market is anticipated to grow with a fastest CAGR over the forecast period, attributed to growing geriatric population leading to increase in the number of cases with osteoporosis, which in turn increases the chances of fracture injuries in elderly. Also Increasing investment in R&D and increasing number of new product launches are the major factors estimated to drive the revenue growth of Wrist fixator procedure kit market.
Depending on geographic region, the wrist fixator procedure kit market is segmented into five key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (APEJ) Japan, and Middle East & Africa (MEA).
North America is occupying the largest regional market share in the global wrist fixator procedure kit market owing to the presence of more number of market players and effective reimbursements for fracture injuries. Healthcare expenditure and relatively larger number of R&D exercises pertaining to product manufacturing and marketing activities in the region. Also Europe is expected to perform well in the near future due to increasing number of sports injuries in the region.
Asia Pacific is expected to grow at the fastest CAGR because of increase in the number of hospital admissions and growing geriatric population in the region, thus boosting the market growth of wrist fixator procedure kit market throughout the forecast period.
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Some players of Wrist fixator procedure kit market includes Acumed, Citieffe s.r.l., DePuy Synthes, Biomet, Stryker, Zimmer, Smith & Nephew, Orthofix, Aike(Shanghai) Medical Instrument Co.,Ltd., DJO Global and Otehrs. The companies in wrist fixator procedure kit market are increasingly engaged in strategic acquisitions and collaborations to lead wrist fixator procedure kit market.