Market Overview:
The global radial head prostheses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of radial head fractures and the subsequent rise in demand for radial head prostheses. Radial head fractures are one of the most common types of bone fractures, accounting for around 10-15% of all bone fractures. The rising geriatric population is also expected to drive demand for radial head prostheses, as elderly individuals are more prone to suffer from radial head fractures. The global market for radial head prostheses is segmented on the basis of type and application. On the basis of type, the market can be divided into stainless material and plastic material segments. Stainless material-based implants are more popular than plastic material-based implants owing to their superior mechanical properties and biocompatibility characteristics. However, plastic materials offer certain advantages such as low weight and cost effectiveness which may lead to an increase in their adoption in future years.
Product Definition:
A radial head prosthesis is a device that is implanted into the radial head, the bone at the top of the forearm, to replace a damaged or missing radial head. The purpose of a radial head prosthesis is to restore function and stability to the arm.
Stainless Material:
Stainless steel is a widely used material in the medical industry. It has various properties such as high corrosion resistance, biocompatibility, and easy availability which makes it an ideal choice for manufacturing various medical devices. The growth factor for this market is mainly due to the growing demand from end-use industries such as orthopedics & neurosurgery and spinal implants.
The stainless steel prosthetic arm market size was valued at USD 75 million in 2016.
Plastic Material:
Plastic material includes polycarbonate, nylon, polypropylene, styrene butadiene rubber (SBR), acrylonitrile butadiene styrene (ABS), and high impact polystyrene. Plastic materials are widely used in the manufacturing of medical devices such as orthopedic implants.
Application Insights:
The market is segmented by application into hospital, clinic and others. The hospital segment dominated the global radial head prostheses market in 2017 owing to an increase in the number of patients suffering from trauma injuries and other disorders. An increasing number of hospitals coupled with rising awareness about these devices is expected to drive the growth of this segment over the forecast period.
Radial head prosthetics are used for a variety of conditions including skull fractures, facial & dental trauma as well as congenital abnormalities that require surgical correction or intervention. These devices help restore normal facial aesthetics by improving symmetry and reducing deformities caused due to injury or disease processes affecting both soft tissue structures and bone structure simultaneously.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, high healthcare expenditure, and increasing awareness about these devices. The region is expected to maintain its dominance over the forecast period due to growing R&D activities for development of advanced products and increasing FDA approvals for radial head prostheses.
Europe accounted for a significant share in the global market owing to an increase in demand from countries such as Germany, France, Italy and U.K., which are some of the major contributors towards revenue generation across this region. Moreover, presence of well-established hospitals & clinics that offer high-quality medical treatments is anticipated to boost product demand across this region during the forecast period.
Asia Pacific regional market captured a revenue share of around 25% in 2017 due with rapid growth registered by economies such as China & India along with other South Asian countries; Indonesia; Malaysia; Philippines etc.
Growth Factors:
- Increasing incidence of radial head fractures: The increasing incidence of radial head fractures is one of the key growth drivers for the radial head prostheses market. According to a study by the American Academy of Orthopaedic Surgeons, around 2 million people in the U.S. suffer from a fracture each year, and around 30%–50% cases involve fractures of the radius bone. This high incidence is expected to drive demand for radial head prostheses in the coming years.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and is expected to reach 2 billion by 2050. This growing population segment is more prone to injuries and requires surgical interventions such as replacement surgeries for various body parts, including the radial head prosthesis surgery. Thus, this factor is also anticipated to fuel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Radial Head Prostheses Market Research Report
By Type
Stainless Material, Plastic Material
By Application
Hospital, Clinic
By Companies
Beznoska, Biomet, Biotech Medical, ChM, IMECO, Skeletal Dynamics, Stryker, Tornier, Wright Medical Group Medical Group, Zimmer, Beznoska
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Radial Head Prostheses Market Report Segments:
The global Radial Head Prostheses market is segmented on the basis of:
Types
Stainless Material, Plastic Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Beznoska
- Biomet
- Biotech Medical
- ChM
- IMECO
- Skeletal Dynamics
- Stryker
- Tornier
- Wright Medical Group Medical Group
- Zimmer
- Beznoska
Highlights of The Radial Head Prostheses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Material
- Plastic Material
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Radial Head Prostheses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Radial head prostheses are a type of artificial limb that replace the function of a missing or damaged arm. They consist of an outer metal casing that fits over the shoulder and upper arm, with an inner plastic or metal tube that extends from the casing to the hand. The prosthesis is connected to a power source (usually via cables) and can be controlled by computerized systems.
Some of the key players operating in the radial head prostheses market are Beznoska, Biomet, Biotech Medical, ChM, IMECO, Skeletal Dynamics, Stryker, Tornier, Wright Medical Group Medical Group, Zimmer, Beznoska.
The radial head prostheses market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radial Head Prostheses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Radial Head Prostheses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radial Head Prostheses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Radial Head Prostheses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Radial Head Prostheses Market Size & Forecast, 2018-2028
4.5.1 Radial Head Prostheses Market Size and Y-o-Y Growth
4.5.2 Radial Head Prostheses Market Absolute $ Opportunity
Chapter 5 Global Radial Head Prostheses Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Radial Head Prostheses Market Size Forecast by Type
5.2.1 Stainless Material
5.2.2 Plastic Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Radial Head Prostheses Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Radial Head Prostheses Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radial Head Prostheses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Radial Head Prostheses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Radial Head Prostheses Analysis and Forecast
9.1 Introduction
9.2 North America Radial Head Prostheses Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Radial Head Prostheses Market Size Forecast by Type
9.6.1 Stainless Material
9.6.2 Plastic Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Radial Head Prostheses Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Radial Head Prostheses Analysis and Forecast
10.1 Introduction
10.2 Europe Radial Head Prostheses Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Radial Head Prostheses Market Size Forecast by Type
10.6.1 Stainless Material
10.6.2 Plastic Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Radial Head Prostheses Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Radial Head Prostheses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radial Head Prostheses Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Radial Head Prostheses Market Size Forecast by Type
11.6.1 Stainless Material
11.6.2 Plastic Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Radial Head Prostheses Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Radial Head Prostheses Analysis and Forecast
12.1 Introduction
12.2 Latin America Radial Head Prostheses Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Radial Head Prostheses Market Size Forecast by Type
12.6.1 Stainless Material
12.6.2 Plastic Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Radial Head Prostheses Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Radial Head Prostheses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radial Head Prostheses Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Radial Head Prostheses Market Size Forecast by Type
13.6.1 Stainless Material
13.6.2 Plastic Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Radial Head Prostheses Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Radial Head Prostheses Market: Competitive Dashboard
14.2 Global Radial Head Prostheses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beznoska
14.3.2 Biomet
14.3.3 Biotech Medical
14.3.4 ChM
14.3.5 IMECO
14.3.6 Skeletal Dynamics
14.3.7 Stryker
14.3.8 Tornier
14.3.9 Wright Medical Group Medical Group
14.3.10 Zimmer
14.3.11 Beznoska
