Wrist Replacement Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033

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Wrist Replacement Market Report Overview

The Wrist Replacement market size was valued at $85.3 million in 2023 and is forecast to grow at a CAGR of more than 3% during the forecast period 2023 and 2033. Joint replacement in the wrist is less common than knee or hip and is considered an option only if arthritis does not respond to other treatments. The physical impairments caused by small joint arthritis are equivalent to those with arthritis at the large joints.

Wrist Replacement Market Outlook, 2023-2033 ($ Million)

Wrist Replacement Market Outlook, 2023-2033 ($ Million)

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The Wrist Replacement market research report explains the market behavior, which will help identify quantitative market trends within the orthopedic devices therapeutic area. The model discusses in detail the impact of COVID-19 on the Wrist Replacement market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.

Market Size (2022) $85.3 million
CAGR >3%
Forecast period 2023-2033
Historical Period 2015-2022
Key Regions North America, Europe, Asia Pacific, South Central America, and The Middle East and Africa
Key Segments Total Wrist Replacement and Ulnar Head Replacement
Leading Companies Wright Medical Group NV, Integra Lifesciences Holdings Corp, and KLS Martin LP

Wrist Replacement Market Dynamics

The factors driving the Wrist Replacement market include an increasing elderly population with Osteoarthritis (OA) and Rheumatoid Arthritis (RA), and post-traumatic arthritis, who are interested in maintaining an active lifestyle through joint replacement procedures. Improving patient awareness of wrist replacement option, evolution of prosthetic designs, and better training of surgeons to perform wrist replacements are other market drivers.

Wrist Replacement Market Segments

The key segments in the Wrist Replacement market are Total Wrist Replacement and Ulnar Head Replacement. Total Wrist Replacement accounted for the largest market share in 2023. Total Wrist Replacement is a surgery performed for diseased or degenerated components of the carpals at the wrist joint and Ulnar Head Replacement is a surgical procedure whereby the damaged parts of the lower end of the ulnar bone are replaced with an artificial implant.

Wrist Replacement Market Analysis by Segments, 2023 (%)

Wrist Replacement Market Analysis by Segments, 2023 (%)

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Wrist Replacement Market Segmentation by Regions

The key regions in the Wrist Replacement market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. North America is expected to have an increase in wrist replacements due to an increase in the prevalence of hand OA and RA in the forecast period.

Wrist Replacement Market Analysis by Regions

Wrist Replacement Market Analysis by Regions

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Wrist Replacement Market - Competitive Landscape

Some of the leading companies in the Wrist Replacement market are Wright Medical Group NV, Integra Lifesciences Holdings Corp, and KLS Martin LP. Wright Medical Group NV held the largest share of the market in 2023.

Wrist Replacement Market Analysis by Companies, 2023 (%)

Wrist Replacement Market Analysis by Companies, 2023 (%)

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Segments Covered in the Report

Wrist Replacement Segments Outlook (Value, $ Million, 2015-2033)

  • Total Wrist Replacement
  • Ulnar Head Replacement

Wrist Replacement Regional Outlook (Value, $ Million, 2015-2033)

  • North America
  • Europe
  • Asia Pacific
  • South Central America
  • Middle East and Africa


This report provides:

  • Currently marketed Wrist Replacement Devices and evolving competitive landscape.
  • Insightful review of the key industry trends.
  • Annualized total Wrist Replacement Devices market revenue by segment and market outlooks.
  • Granular data on total procedures, units, average selling prices, and market values by segment.
  • Global, regional, and country-level market-specific insights.
  • Qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
  • SWOT analysis for Wrist Replacement Devices market.
  • Competitive dynamics insights and trends provided for the Wrist Replacement Devices market.
  • Country-specific overview of the healthcare system.
  • Country-specific reimbursement policies.
  • Country-specific MedTech regulatory landscape.

Reasons to Buy

The model will enable you to:

  • Understand the impact of COVID-19 on Wrist Replacement market.
  • Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
  • Develop business strategies by understanding the trends shaping and driving the Wrist Replacement market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact Wrist Replacement in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
  • Track device sales in the global and country-specific Wrist Replacement market from 2015-2033.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.

Stryker Corp
Smith & Nephew Plc
KLS Martin LP
Anika Therapeutics Inc

Frequently asked questions

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