Radial head resection is an elbow surgery performed to treat fracture of radial head bone. During the surgery, broken pieces of radial head bone are removed and replaced by radial head resection implants. Majorly this procedure is performed for complex elbow fractures where conservative treatment options fail to provide desired recovery. Radial head resection implants reduce post-surgery discomfort and allow early mobilization of the elbow joint. Commonly used radial head resection implants include metal, like titanium and stainless steel, and polymer-based implants. Metal implants offer superior mechanical strength but may cause irritation and mechanical issues like loosening over time. Polymer implants are preferred for pediatric application due to lower chances of implant failure, less irritation and possibility of growth.
The global Radial Head Resection Implants Market is estimated to be valued at US$ 15.4 million in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2024 to 2027, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing prevalence of elbow injuries among adolescents engaged in various contact sports is a major driver bolstering the demand for radial head resection implants. As per American Academy of Orthopedic Surgeons, elbow fractures account for approximately 10% of all skeletal injures in children and adolescents aged 10-19 years. Most of these fractures result from falls on an outstretched hand during basketball, soccer or snowboarding. Younger patients undergoing radial head surgery prefer polymer implants over metal ones to avoid chances of implant failure and revision surgeries. Second driver is increasing number of road traffic accidents which lead to complex elbow injuries. This increases requirement of radial head resection procedures and subsequent usage of resection implants. Advancing material and fabrication technologies allowing development of better performing polymer implants will further aid the market growth over the forecast period.
Segment Analysis
The global radial head resection implants market size is dominated by metallic radial head resection implants sub-segment. Metallic implants offer superior strength and resistance compared to other material based implants. They are proven to be highly biocompatible and can withstand high impact loads on the elbow joint.
PEST Analysis
Political: Regulations around medical devices and implants are becoming more stringent. Manufacturers will need to comply with new quality and safety standards.
Economic: Rising healthcare spending along with growing geriatric population suffering from osteoarthritis will augment the demand for radial head resection implants.
Social: Increasing participation in sports and outdoor activities has led to rising orthopedic injuries requiring surgical interventions. Road accidents are also contributing to trauma cases.
Technological: Developers are focusing on innovative implant designs and biocompatible materials to reduce risks of implant failure and provide natural range of motion. 3D printing technology allows for customized implants based on patient’s anatomy.
Key Takeaways
The global radial head resection implants market is expected to witness high growth over the forecast period 2024 to 2028.
North America dominates the market currently due to large patient pool and advanced healthcare facilities. The growing number of trauma cases coupled with rising elderly population is fueling the demand for radial head resection procedures in the region.
Key players operating in the radial head resection implants market are Acumed, Skeletal Dynamics, Wright Medical Group N.V., eXolve Health, Meril, Zimmer Biomet, and Elite Surgical.
