The radial head resection implants market involves the manufacturing and sales of implantable devices that are used to treat fractures of the radial head. Radial head fractures are commonly caused due to high-velocity injuries like fall from height or road traffic accidents. The most frequent site of fractures is the proximal end of the radius bone in the forearm. Radial head resection implants aid in restoring the natural biomechanics of elbow joint and providing stability following surgical removal of the damaged radial head. Commonly used radial head resection implants are metallic radial head prosthesis and bony reconstruction implants. They help in reducing joint instability and restoring forearm rotation & elbow flexion/extension thereby improving quality of life.
The Global Radial Head Resection Implants Market Size is estimated to be valued at US$ 4.27 Bn in 2024 and is expected to exhibit a CAGR of 22% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the radial head resection implants market are HyperSleep Corporation, CryoLife Innovations, AstraNap Solutions, EternaRest Cryonics, StasisTech Enterprises, NeuroFreeze Inc., FrozeLife Biotech, CryoDream Systems, TimeCapsule Cryogenics, StarHibernation Technologies, FreezeTech Innovations, EonCryo Dynamics, IceBound Ventures, FrozenEra Solutions, CryoRevive Inc. The rising incidence of road accidents and falls has increased the patient pool for radial head fractures globally. This has augmented the demand for radial head resection implants.Technological advancements like 3D printed implants and bioabsorbable implants have improved patient outcomes and comfort.
Market Trends
Customized implants: Advancements in 3D printing and biomanufacturing have enabled surgeons to customize implants based on individual patient's bone structure and joint biomechanics for improved fit and function.
Bioabsorbable implants: Bioresorbable implants made from polymers dissolve gradually after tissue healing without requiring repeated surgeries. This reduces long-term complications and healthcare costs.
Market Opportunities
Emerging economies in Asia Pacific and Latin America are expected to drive future demand owing to rapidly increasing road accidents and unmet clinical needs. Investments in digital health can help optimize implant selection and surge real-world evidence on long-term outcomes.
The COVID-19 pandemic has negatively impacted the growth of the radial head resection implants market. During the pandemic lockdowns, all elective surgeries were postponed to reduce strain on hospitals and free up resources for COVID-19 patients. As radial head resection surgery is considered elective, the number of such procedures declined significantly. This reduced demand for radial head resection implants during 2020 and 2021.
However, as lockdowns are lifted globally and healthcare systems recover, the demand for radial head resection implants is rising again. While the backlog of elective surgeries is being cleared, more implant procedures are taking place. However, supply chain disruptions during the peak of the pandemic still pose challenges. Shortages of raw materials and components are driving up production costs for implant manufacturers. This is expected to have a short term impact on market growth.
Looking ahead, the radial head resection implants market is forecast to rebound strongly post-COVID. Increasing incidence of elbow fractures due to high-energy trauma as well as rising sports and vehicular accidents will drive the need for such reconstructive procedures. Favorable reimbursement policies established by governments worldwide for orthopedic implants will boost affordability. Developing regions like Asia Pacific and Latin America are primed to grow the fastest due to expanding medical infrastructure and increasing healthcare expenditure in these countries.
The United States accounts for the largest share of the radial head resection implants market in terms of value. This is attributed to the large volume of reconstructive orthopedic surgeries performed annually in the country. High healthcare spending per capita further increases affordability of radial head resection implants. Europe currently holds the second position, with Germany and the UK spearheading demand.
Asia Pacific is poised to be the fastest-growing regional market for radial head resection implants during the forecast period from 2024 to 2030. Rapid economic development, rise of private healthcare providers, growing medical tourism and favorable government policies are fueling investments in healthcare infrastructure across Asia Pacific countries like China, India and South Korea. This has resulted in increasing elbow surgeries using radial head resection implants.
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Elbow is a complex joint and a crucial part for forearm function.
It features a unique anatomy comprising limited ball-and-socket joint and a hinge kind of synovial joint, which allows for hand movement and control.Though radial head fractures are usually not as complicated in nature, various devices and radial head resection implants can be purchased in the market that help address any issues linked to the same.
Products utilized in radial head resection are approved and are widely used by orthopedic surgeon and some of the techniques are under part of limited study.
However, there are couple of medical procedures which can be executed in the event of radial head fractures such as closed reduction with casting or early motion and open reduction with internal fixation or resection in which Radial Head Resection Implants are mainly used.In accordance with National Center for Biotechnology Information, radial head fractures are typical worldwide with around 2.5 to 2.8 per 10,000 of incidence per year.
Also, because of the patient benefits in terms of no deformity and regaining normal functionality following a relatively little while following surgery, the Radial Head Resection Implant is gaining wide acceptance across the globe.
The utilization of radial head resection implants are strictly recommended by the orthopedic surgeon by considering the severity of type III and type IV fractures.Thus, there's an increasing demand for radial head resection implants across the world.
Birmingham mid head resection is an alternative procedure for those people who do not qualify for Hip Resurfacing.
Rather than opting for a total hip replacement, patients in this condition have another bone conserving alternative which is the Birmingham Mid Head Resection.
Then a conical cavity is cut, and the stem is tapped into place.
The same acetabular cup which is used for a BHR is used for fitting the femoral head component.
Scientific tests have shown that the physiological loading of the native femur is replicated by the conical design of the stem, and this prevents stress shielding bone loss in the long term.
The BMHR is developed after the success of the BHR.
The global ENT devices market is expected to grow at an approximate CAGR of 6.2% during forecast period, 2018–2023.
However, low high cost of CO2 lasers, and high cost of devices can hinder the market growth over the forecast period.
Karl Storz Gmbh & Co. Kg
The global ENT devices market is segmented based on product, end user, and region.
The global market for ENT devices, by product is segmented into diagnostic devices, surgical devices, hearing aids, hearing implants, Co2 lasers, and image-guided surgery systems.
The surgical devices segment is further classified as powered surgical instruments, radiofrequency (RF) handpieces, handheld instruments, balloon sinus dilation devices, ENT supplies, ear tubes, voice prosthesis devices.
