Orthopedic Devices are used to treat the disorders and injuries of the musculoskeletal system of human body. A Wrist Replacement is a surgical intervention in which a damaged wrist joint is replaced with an artificial joint, also known as a prosthesis. GlobalData uses proprietary data and analytics to provide a comprehensive report on the wrist replacement market in Canada. Buy the latest report here.
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In 2023, GlobalData’s Market Model methodology determined that the leading player in the wrist replacement market in Canada was Smith & Nephew followed by KLS Martin and Stryker.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
The wrist joint connects the two forearm bones, the radius and ulna, with the bones of the hand, allowing for bending and twisting of the wrist. It includes Total Wrist Replacement and Ulnar Head Replacement. Total Wrist Replacement is a surgery performed for diseased or degenerated components of the carpals at the wrist joint which are surgically replaced with artificial materials (implants). Ulnar Head Replacement is a surgical intervention whereby the damaged parts of the lower end of the ulnar bone are replaced with an artificial implant.
The wrist replacement market in Canada can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size wrist replacement in Canada, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
