Distal Radius Plates Market Size, Share, Growth, and Industry Analysis, By Type (Volar Distal Radius Plate and Dorsal Distal Radius Plate), By Application (Hospitals, Orthopaedic Clinic & Others), Regional Insights, and Forecast To 2031

Updated On: 11 September 2023

Distal Radius Plates Market Report Overview

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The global distal radius plates market size was USD 406.8 million in 2021 and is projected to touch USD 644.73 million by 2031, exhibiting a CAGR of 3.4% during the forecast period. 

The distal radius is a bone that is situated in the forearm. The radius is the bigger end of the two bones in the region with the end part towards the wrist is called the distal end. Thus, when the radius bone close to the wrist breaks it is identified as distal radius fracture. Like any other fracture, indications of a severe injury in this region are often very obvious. While bone wrist fractures are more severe than others, the most common indication of a broken distal radius is extreme pain. A broken wrist is also identified by swelling. Sometimes, the swelling could get so bad that it becomes quite strenuous or vain to move the injured forearm. A pricking feeling in the fingertips or a restricted finger motion. Based on the intensity of the fracture there might be a bodily realisation of the break. For instance, if the bone comes out of place then the wrist might appear disfigured.

COVID-19 Impact: COVID-19 had Minimal Impact due to Continuous Demand for Distal Radius Plates

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with the distal radius plates market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

The COVID-19 pandemic had no effect on hospitals and clinics that made use of these distal radius plates for their operative or non-operative procedures. Post pandemic the use of these plates are expected to see a growth as the number of injured wrists in the different age groups is likely to increase due to various reasons such as accidents, weak bones, or even falling on the out stretched arm. Therefore, these plates will be used to give support to the forearms of these patients.

 LATEST TRENDS

"Use of 3D Technology for Greater Precision while Performing Procedures to Boost Growth"

Nowadays hospitals and clinics are making use of artificial intelligence, in this case that is 3D technology which helps guide the health professionals, to learn and practice so that they are well versed while performing any procedures on the forearms of their patients. What 3D technology does is provide better precision so that the health specialists can better understand their patients issue and avoid making any kind of mistakes while the operation is taking place. Thus, this technology is going to forever change the way distal radius procedures are looked at and performed.  

Distal Radius Plates Market Segmentation

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• By Type

Based On type, the distal radius plates market is divided into, Volar Distal Radius Plate and Dorsal Distal Radius Plate. The Volar distal radius plate segment will dominate the market share through 2028.

• By Application

Based on application the market is distributed into Hospitals, Orthopaedic Clinic and Others. The hospitals segment will capture the maximum market share over 2022-2028.

DRIVING FACTORS

"Demand for Minimum Invasive Surgery to Transform Market Outlook"

Even though the medical field has seen different types of technical advances in recent times, there are always rooms left for error and in the case of fractured forearms there is always the problem of mal-unions. It is a situation wherein the bone heals in a rather abnormal position, which can result in impaired function of the bone and thus, making it look like it is bent, this problem can further severely compromise functional prognosis by limiting pronosupination. Therefore, to avoid all these problems minimal invasive surgery is gaining more popularity as the health professionals only aim for the area that is affected and they try to avoid the surrounding areas as much as possible, so the patient does not experience much discomfort or even roam around with big heavy plasters which could restrict their movement.

"High Precision of Mini-Incisions to Boost Efficiency and Drive Market Demand "

In the more recent times, mini-incisions are the go to way just not because they are aesthetically pleasing but also due to the technical feasibility because of the muscular and the ligament fitting provides the reduction and the maintenance of the displayed bone fragments thanks to the ligamentotaxis which is a principle of moulding fracture fragments into alignment as an outcome of tension applied across a fracture by the surrounding undamaged soft tissue.

RESTRAINING FACTORS

"Postoperative Complications Could Hamper Product Adoption Slightly"

It is the prime job for orthopaedic surgeons to effectively assess the severity of the fracture and the patient's surgical condition to define the probability of postoperative complications. Thus, the details of the occurrence of postoperative difficulty and identification of various risk factors could be accurately dominant in perioperative management. Altogether, it's the most user efficient method to use these risk factors to partition high risk patients and pinpoint the appropriate interventions to reduce the postoperative issues, causes a strain in the distal radius plates market growth.

Distal Radius Plates Market Regional Insights

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"North America to take the Lead in the Global Market owing to Growing Wrist Injuries"

North America is the leader in the distal radius plates market share with most of the users being in hospitals and orthopaedic clinics. The sales are also likely to increase in the future due to the rising events of distal radius fractures in the wrist joint among the people. The manufacturers will keep putting out the products to serve the growing needs of the people. And also find ways to reduce the cost of using these plates so that more people can use these plates to treat their injured forearms 

KEY INDUSTRY PLAYERS

"Use of Fewer Screws during Operations helps Reduce Cost"

The top manufacturers are currently trying to find ways to reduce the costs of the forearm operations. They are researching ways where they have to use fewer screws during the operation procedures which will help reduce the operating cost. They are searching for ways to make use of fewer screws but in a more effective method while still remaining at the top in the distal radius plates market.

List of Market Players Profiled

• Johnson & Johnson (U.S.)
• Stryker (U.S.)
• Zimmer Biomet (U.S.)
• Smith & Nephew (U.K.)
• Globus Medical (U.S.)
• Acumed (U.S.)

REPORT COVERAGE

The report covers the distal radius plates market, what it is about, and how the pandemic affects the industry. It covers the latest trends, the factors driving the market as well as the factors restricting the market. The leading players in the market and what all steps are being taken by them to better their products and retain their top positions.