Femoral Head Prostheses Market Size, Share and Global Trend By Product (Standard femoral head, Biarticular femoral head), Material (Stainless steel heads, Alumina heads, Chrome & cobalt alloy heads, Ceramics heads), Disease Indication (Femoral head necrosis, Hip dysplasia, Femoral neck fracture), End Users (Hospitals, Speciality clinics, Ambulatory Surgery Centers) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Nowadays many people have to undergo a hip replacement surgery due to various health issues. Hip replacement is a type of surgery in which a damaged hip is replaced by an artificial one (prosthesis). Adults of any age group can have hip replacement done. According to the American Joint Replacement Registry, more than 860,000 Hip and Knee Arthroplasty procedures were reported in 2016 in United States. During hip replacement, four components are implanted to create a new hip, namely, acetabular component, a plastic liner, the femoral stem, and a femoral head. Femoral head prostheses is a ball-shaped structures that fits directly into the new socket and is attached to the femoral stem. Femoral head prostheses are available in variety of shapes and sizes and are mainly made up of stainless steel, ceramic, chrome & cobalt alloy and others.
The growth in global femoral head prostheses market is being driven by the rise in demand for prosthetics, introduction of implantable products by key players in the market, and improved health reimbursement for orthopaedic prosthetics. Moreover, increase in number of hip replacement surgery all over the world is further expected to drive the global femoral head prostheses market.
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However, stringent government guidelines associated with the use of prosthetic products is a factor that might hinder the growth in global femoral head prostheses market during the forecast period.
Key Players Covered:
Some of the major companies that are present in the global orthotic foot insoles market are Stryker, Zimmer Biomet, Corin, Ortho Development, Smith & Nephew, Surgival, Bioimpianti, Medacta International, Biotech GmbH, Exactech, Inc., and others
SEGMENTATION
SEGMENTATION | DETAILS |
By Product | · Standard femoral head · Biarticular femoral head |
By Material | · Stainless steel heads · Alumina heads · Chrome & cobalt alloy heads · Ceramics heads · Others |
By Disease Indication | · Femoral head necrosis · Hip dysplasia · Femoral neck fracture · Others |
By End User | · Hospitals · Speciality clinics · Ambulatory Surgery Centers · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Among the segmentation, the biarticular segment among all product types accounted for maximum market share in 2017, and is expected to dominate the global femoral head prostheses market owing to its feature of dual mobility.
Key Insights
- Total number of hip replacement surgery for key countries
- Applied SWOT analysis
- Porter’s five forces analysis
- PESTEL analysis
- Reimbursement scenario for hip replacement
- Technological advancements in femoral head prostheses
- Key mergers and acquisitions
Regional Analysis:
In North America, the femoral head prostheses market is projected to grow in the forecast years due to the increased technological interventions in prosthetics as well as favourable health reimbursement. The global femoral head prostheses market is anticipated to expand in Europe and Asia Pacific owing to the improving health infrastructure. According to the National Joint Registry (NJR), a total of 160,000 total hip and knee replacement procedures are performed each year in England and Wales, which makes Europe as one of the prominent regions in femoral head prostheses market.
Key Industry Developments
- In September 2018, b-ONE Ortho Corp. received USFDA approval for its cementless total hip system after a ten-month review. The product features coating technology & instrumentation to optimize patient fit for a modern patient demographic.
- In May 2018, mechanical engineering researchers from University of Arkansas developed a method that can extend the life of an artificial hip by adding an array of microscopic indentations that increase the thickness of a lubricating film on its surface
- Ongoing
- 2023
- 2019-2022
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