Total Wrist Replacement Market Size

Total Wrist Replacement Market size was valued at around USD 186.4 million in 2023 and is expected to reach around USD 331.2 million by 2032 at a CAGR of 6.5% during the forecast period. Factors such as increasing cases of trauma and accidents, rising prevalence of rheumatoid arthritis and osteoarthritis along with technological advancements in products is anticipated to propel the market growth.

The increasing rates of rheumatoid arthritis (RA) and osteoarthritis present significant market challenges globally, impacting productivity, healthcare costs, and individual well-being. Factors like obesity, sedentary lifestyles, and an aging population exacerbate this trend. For instance, as per the data reported by Centers for Disease Control and Prevention (CDC), the prevalence of diagnosed arthritis in the U.S. is significant, with about 21.2% of adults aged 18 years and older reporting diagnosed arthritis during the period from 2019 to 2021. Overall, this rising prevalence of these disorders underscores the importance and necessity of early diagnosis, better treatment, and effective management strategies for such conditions.

Total wrist replacement is a surgical procedure aimed at relieving pain and restoring function in patients with severe wrist arthritis or other conditions that have led to irreparable damage in the wrist joint. This procedure involves replacing the damaged parts of the wrist joint with artificial components made of metal and plastic.