Orthopedic Devices are used to treat the disorders and injuries of the musculoskeletal system of human body. Elbow Replacement is a surgical intervention whereby the damaged surfaces of the humerus and the ulna at the elbow joint are surgically replaced with artificial implants. GlobalData uses proprietary data and analytics to provide a comprehensive report on the elbow replacement market in New Zealand. Buy the latest report here.
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In 2023, GlobalData’s Market Model methodology determined that the leading player in the elbow replacement market in New Zealand was Zimmer Biomet followed by Stryker, DJO Global and Smith & Nephew.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
Radial Head Replacement is a surgical intervention whereby the damaged parts of the upper end of the radius bone are replaced with an artificial implant set. Total Elbow Replacement is a surgical intervention in which the entire elbow joint, including the surface of both the humerus and the ulna, is replaced with artificial implants.
The elbow replacement market in New Zealand can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size elbow replacement in New Zealand, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
