The Global Radial Head Resection Implants Market Is Witnessing High Growth Owing To the Increasing Incidence of Radial Head Fractures in the World

 

Global Radial Head Resection Implants Market 

Radial Head Resection Implants Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028.

Market Overview:

Radial head fractures are common injuries that affect both men and women. They are usually caused by a fall onto an extended arm or hand that causes the radial head to strike the humerus. The radial head is a specialized bone in the elbow that helps stabilize the joint during motion. Symptoms of a radial head fracture include pain and swelling in the elbow. It may also be difficult to move the elbow due to the pain and stiffness. The doctor will order X-rays of the elbow to see what is broken and what is not. Loose-stemmed prostheses have been used for comminuted radial head fractures with or without associated elbow instability in the chronic setting. These implants can restore load sharing between the ulna and radius, help prevent proximal migration of the radial head, and improve elbow function. A non-articulating portion of the radial head has been deemed to be a “safe zone” for screw fixation of displaced fractures, as shown in. This safe zone encompasses a 90 degrees angle that is localized by palpation of the radial styloid and Lister’s tubercle.

Competitive Landscape:

Major players operating in the global radial head resection implants market include Stryker, Smith & Nephew Plc, Wright Medical Technology, Inc., and Biomet, Inc.

Key Market Drivers:

The increasing incidence of radial head fractures in the world is expected to augment the growth of the global radial head resection implants market. For instance, according to the Boston Medical Center, radial fractures are common injuries that occur in around 20% of all acute elbow injuries. The radial head is a concave surface that matches the convex surface of the capitellum of the humerus. It articulates with both the capitellum and the ulna, allowing for movement during elbow flexion-extension and supination-pronation. Just distal to the radial head is the annular ligament that holds the radius to the ulna. This ligament also allows some translation during the same movements as the radial head. Moreover, high advancements related to implant technologies are estimated to enhance the growth of the global radial head resection implants market. Global ribonucleic acid (RNA) markers market is estimated to be valued at US$ 226.6 million in 2023 and is expected to exhibit a CAGR of 8.76% during the forecast period (2023-2030).

Covid-19 Impact Analysis:

During the COVID-19 pandemic, the global radial head resection implants market has dealt with several challenges. The global healthcare sector witnessed a heavy burden, owing to the rising COVID-19 positive cases in the world. This affected the quality and quantity of several healthcare services. Moreover, lockdown measures in several regions also impacted market growth.

Key Takeaways:

·         North America is expected to dominate the growth of the global radial head resection implants market, owing to the increasing prevalence of healthcare centers in the region. For instance, according to the American Hospital Association, there are around 6093 hospitals in the United States.

·         The Asia Pacific is estimated to witness high growth in the global radial head resection implants market, owing to the high expansion of hospitals in the region. For instance, according to the Indian Hospital Association, there are around 69 thousand private and public hospitals in India.