Although one of the smallest orthopedic markets by revenue in 2016, small joint replacement is expected to experience the fastest growth of all orthopedic markets through 2023. This is driven largely by the growing ageing population’s desire to maintain an active lifestyle and the increasing adoption of shoulder and ankle replacement implants.

While encompassing the shoulder, elbow, wrist, digit, and ankle joints, small joint replacements historically focused on the more lucrative hip and knee implants. Manufacturers have recently made a push to improve the materials and function of small joint implants as the mature hip and knee replacement markets creep towards stagnancy. 

Wright Medical Group has been established as a pure play extremities and biologics company, competing exclusively in the small joint arena. Such companies focused on solutions for the small joints can anticipate high growth over the next ten years as surgeons and patients become more educated on novel small joint implant options.

Improved surgeon training is particularly necessary to combat a steep learning curve for small joint replacement surgeries, perpetuated by limited exposure and low procedure volumes.

Medical devices

According to GlobalData’s research, the market for small joint replacement is projected to grow from $1.4bn in 2016 to $2.2bn in 2023 at a compound annual growth rate (CAGR) of 6.2%. Shoulder replacement will remain the most profitable segment of the small joints market primarily due to a high procedure volume, although ankle replacement is also expected to expand quickly at a CAGR of 6.3%. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.