Wrist Replacement Orthopedic Devices Market Size & Share, by Product Type (Equipment, Disposables); End user - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

Wrist Replacement Orthopedic Devices Industry - Regional Synopsis

North America Market Analysis

North America's wrist replacement orthopedic devices market is projected to capture revenue share of around 38.3% by the end of 2037. The region benefits from a well-established healthcare infrastructure and high adoption of orthopedic innovations among the aging population. According to the International Trade Administration, in January 2024, the U.S. witnessed an estimated 25% rise in medical device exports in the last three years and an estimated import value of USD 600 million in the year 2022. The presence of leading medical device manufacturers contributes to a wider adaptability of wrist replacement orthopedic devices.

The U.S. wrist replacement orthopedic devices market is driven by the presence of key global players and a high number of orthopedic surgeries in the region. Additionally, extensive research efforts also boost market expansion to wrist implants. For instance, in October 2024, OrthoNovis, Inc. received FDA 510(k) clearance to market an innovative wrist fracture system, which is a line of locking wrist plates designed to fix certain fractures, fusions, or osteotomies in the distal radius. Such milestones will further allow key market players to compete in the rapidly evolving market.

Canada's wrist replacement orthopedic devices market is witnessing growth due to a surge in the cases of arthritis-related wrist deterioration across its vast landscape. The government’s focus on improving surgical outcomes encourages the adoption of advanced orthopedic implants in the country. According to a report by the Government of Canada in February 2024,  in 2015–2016 alone, there were a total of 130,000 fractures, and forearm fractures were the most common. It further stated that approximately 2.2 million (or 11.9%) people aged over 40 years were living with diagnosed osteoporosis in the country. Therefore, there is a strong necessity for orthopedic devices in Canada, further supporting market expansion.

Asia Pacific Market Statistics

Asia Pacific's wrist replacement orthopedic devices market is projected to witness the fastest growth during the forecast period. Emerging economies in the region are focusing on improving medical infrastructure and rising disposable income to enhance access to medical devices and implants. Furthermore, countries in the region are witnessing greater investments in medical technology and a growing number of joint replacement procedures, contributing to market innovations in the Asia Pacific.

Indias wrist replacement orthopedic devices market is expanding majorly due to a large consumer base suffering from osteoporosis and arthritis. The rise in acquisitions, coupled with affordable surgical procedures, is attracting both manufacturers and consumers. For instance, in February 2025, Alkem Laboratories Ltd announced the acquisition of two companies, Bombay Ortho Industries and Adroit Biomed, to strengthen its position in the orthopedic implants sector and expand its manufacturing capabilities. Such factors are significantly boosting market innovation and expansion for a greater outcome during the forecast timeline.

China's wrist replacement orthopedic devices market witnesses steady growth owing to its advanced manufacturing capabilities and extensive government initiatives. The country is focusing on domestic medical device production to transform this sector. In January 2023, Breg, Inc. announced a partnership with Coreal International Inc. to bring its broad portfolio of bracing and cold therapy products to regional physicians and patients. Thus,  strategic partnerships will allow the wrist replacement orthopedic devices market to experience lucrative growth opportunities in the country.