RADIAL HEAD RESECTION IMPLANTS MARKET ANALYSIS

Leading Companies

Highly consolidated radial head resection implants market with high growth potential

The global radial head resection implants market is less fragmented as major players account for major share of the market. High entry barriers and stringent regulations such as Medical Device Amendments of 1976 requires mandatory FDA approval to obtain “reasonable assurance of safety and effectiveness” before marketing may hamper the entry of new players as only the well-established players can focus and invest on improving their existing radial head resection implants products, which further brings accuracy in the device. Furthermore, in 2013, there was a product recall for DePuy Synthes Companies, a Johnson & Johnson Company. The reason for recall as cited by the manufacturer was loosening trial head from the implant stem during manipulation of the arm during surgery. However, this incidence has not adversely impacted demand for radial head resection implants. However, it highlights the important checkpoints during production that need to be considered by market players in order to ensure sustainable growth. Major players involved in the radial head resection implants market include Biomet, Inc., Wright Medical Technology, Inc., Smith & Nephew Plc, and Stryker.