Global Radial Head Resection Implants Market By Product Type (Standard, Recon, and Lateral) By Fracture Type (Type III, Type IV, Material, Titanium, and Silicone) By End Users (Orthopaedic and Trauma Centres, Hospitals, and Orthopaedic Clinics)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the report

How are the prominent segments performing in the radial head resection implants market?

• In 2022, the lateral segment accounted for the largest market share due to the growing incidence of accidents.
• In 2022, the hospital segment was anticipated to hold a major share of the global radial head resection implants market due to rising healthcare infrastructure in hospitals and the presence of advanced facilities.
• In 2022, the titanium segment was anticipated to hold a prominent share of the global radial head resection implants market. The increase in its applications in various therapeutic areas and increased demand for prostheses are fuelling the segment.

Which region dominated the radial head resection implants market?

In 2022, the North America region was anticipated to hold a major share of the global radial head resection implants market. The market in this region is characterized by an increase in the number of elbow surgeries coupled with adequate reimbursement policies for radial head resection implants. These factors, along with higher awareness among patients regarding technologically advanced orthopedic devices and new treatment options present in the region, are responsible for the dominant market share of the region in the global market.

How is the US market performing in the radial head resection implants market?

In 2022, an increase in the number of patients diagnosed with an elbow injury and an increase in the senior population was the major factors likely to boost the demand for radial head resection implants during the forecast period. In addition, the presence of key players engaged in developing innovative products in the US is likely to boost the radial head resection implants revenue growth in the US.

How is the economy impacting the global radial head resection implants growth?

The cancellation of surgical treatments, especially radial head resection implants, had a direct influence on the global demand for implants. Participants in the business saw a decline in their income from implant sales due to the COVID-19 pandemic. The overall impact of the COVID-19 pandemic remained negative for key players in the radial head resection implants industry. For instance, 12-month revenue from Zimmer Biomet declined by 12% to around $7 billion in 2020, while revenue from Johnson & Johnson decreased by 12.2%.

What is the competitive environment of the radial head resection implants market?

The radial head resection implants industry’s competitive environment delivers information on the whole economic profit made by suppliers and businesses, the sales and profits created in this sector, and the radial head resection implants market share worldwide. Increasing research and developments related to radial head resection implants is expected to boost the market growth. For instance, in June 2019, researchers from Soonchunhyang University Cheonan Hospital evaluated the clinical and radiographic results of patients who sustained non-reconstructible radial head fractures that subsequently were treated with a metallic press-fit radial head prosthesis (RHP) and found that the use of a metallic press-fit RHP for non reconstructible radial head fractures offers satisfactory outcomes.

Executive Summary

What are the major trends in the radial head resection implants market?

• The rise in the frequency of accidents, sports, and adventure-related injuries. As per the research by the American Academy of Orthopedic Surgeons (AAOS), 25% of sports injuries drive market growth.
• The rise in the prevalence of bone diseases coupled with low bone mass density is likely to fuel the demand for the market during the forecast period. According to the WHO, the proportion of the global population over 60 years will almost double from 12% to 22% between the years 2015 and 2050.

How COVID-19 pandemic has affected the radial head resection implants market?

The COVID-19 pandemic has disrupted workflows in the healthcare sector around the world. Nearly all industries were impacted by COVID-19. COVID-19 crises led to strictly following social distancing rules and visiting hospitals only for emergency needs, resulting in a significant decrease in demand for radial head resection implants. For instance, the Commonwealth Fund reported that by May 2020, it was anticipated that COVID-19 would have caused an initial drop in outpatient appointments of nearly 60%. This was expected to affect the demand for radial head resection surgery implants negatively. The COVID-19 pandemic impacted the market, as hospital and healthcare services were significantly decreased due to social distancing measures taken by governments to stop COVID-19 spread.

Which are the key investments by the Radial Head Resection Implants market players?

Leading players operating in the Radial Head Resection Implants market are focusing on expanding production capacities for the vaccine. Apart from this, players are concentrating on strategic mergers, acquisitions, and market collaborations to gain a competitive edge. For instance, in March 2021, by taking the assistance of South Korea, the TB Alliance launched an initiative known as LIFT-TB. LIFT-TB stands for Leveraging Innovation for Faster Treatment of Tuberculosis. The prominent purpose of this initiative is to fasten the R&D of TB treatments by providing the required funding and other support.

Some major players in the radial head resection implants market are Medartis AG, Biomet, Inc., Wright Medical Technology, Inc., Smith & Nephew Plc, Integra LifeSciences, Tornier, Inc., J&J Medical Devices, Auxein Medical, Acumed, Stryker and others.

What are the prominent driving factors for the radial head resection implants market?

Numerous companies strive to supply advanced technologies to manufacture customized radial head resection implants. A new technology known as 3D printing has also seen great demand from the present market due to its high accuracy and precision regarding the structure and the anatomical setting of radial head resection implants. Numerous companies are developing technologies that can supply a cutting-edge variety to boost the market’s demand.

What are the major risks for the radial head resection implants market?

Despite the increasing incidence of elbow injuries and an increase in the geriatric population globally, the high cost of the procedure and post-surgical complications limit the market growth. A few risks and complications associated with surgical procedures include postoperative infections, neuroparalysis, and a lack of full range of motion that may restrain the market growth over the forecast period.

Which is the key end user in the radial head resection implants market?

The hospital segment is expected to hold a major share of the global radial head resection implants market during the forecast period. This is attributed to the increase in the number of elbow fracture surgeries performed in hospitals and the growing number of hospital visits by patients with orthopedic fractures. The increasing number of road accidents and the rising need for improved care among the expanding population worldwide play a key role in the increasing adoption of radial head resection implants among hospitals. The rising incidence of road accidents, fall-related injuries, and sports injuries has resulted in increased elbow surgeries performed in hospitals.

How is the Radial Head Resection Implants market performing in regions?

Europe is expected to show the fastest-growing region in the global radial head resection implants market during the forecast period. This is majorly owing to the rise in the number of degenerative joint diseases. Growing product launches and the growing presence of leading players with a strong distribution network will likely boost the market growth in Europe. The increasing prevalence of elbow bone diseases, rising disposable incomes, growing patient population, and gradually improving healthcare infrastructure.

What is the regulatory landscape for the radial head resection implants market?

Radial head arthroplasty is an ordinary procedure in elbow surgery. It is an advantage for the patients, but there also are relevant complications that should be controlled if possible. One substantial complication is the overlengthening of the radial head prosthesis. In overlengthening, the head of the prosthesis exceeds the physiological level of the born radial head and leads to overcompression in the radiohumeral joint. Immediate erosion and arthritic modifications may then impede the clinical outcome.

What is the market size of radial head resection implants regarding value?

The global radial head resection implant market is expected to grow at a substantial CAGR of XX% in the upcoming years. The global radial head resection implants industry was evaluated to be worth USD XX billion in 2022 and was anticipated to be worth USD XX billion by 2028.

What are the prominent players planning for the future of the radial head resection implants market?

Treatment with radial head arthroplasty is also associated with less inclination to physical activity post-treatment. For instance, in June 2019, a study by the University of Heidelberg found low return-to-sports rate after the radial head replacement.

Segmentation of Global Radial Head Resection Implants Market-

Global Radial Head Resection Implants Market – By Product Type

• Standard
• Recon
• Lateral

Global Radial Head Resection Implants Market – By Fracture Type

• Type III
• Type IV
• Material
• Titanium
• Silicone

Global Radial Head Resection Implants Market – By End User

• Orthopedic and Trauma Centers
• Hospitals
• Orthopedic Clinics

Global Radial Head Resection Implants Market – By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa