Hip Resurfacing Implants Market Size, Share and Global Trend By Product (Total Hip Replacement Implant, Partial Hip Replacement Implant, Revision Hip Replacement Implants, Hip Resurfacing Implants), By Material (Metal, Plastic, Ceramics), By End User (Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The hip is a ball & socket synovial joint that helps in docking the leg to the torso of the body. A healthy and normal hip contains the ball and socket shielded with a smooth layer of tissue called cartilage that enables the femoral head and acetabulum to move against each other easily and painlessly. Hip resurfacing is a surgical alternative to replace the damaged hip joint.
The method comprises of setting a hollow metal cap, molded like a mushroom, over the head of the femur whereas a coordinating metal glass is put within the acetabulum (pelvis attachment), replacing the coherent surfaces of the patient's hip joint and expelling exceptionally small bone compared to a THR.
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The global hip resurfacing implants market is expected to grow rapidly during the forecast period, owing to the increasing aging population and increase in several minimally invasive surgical procedures. The demand for hip resurfacing implants is growing, and an increasing number of people are undergoing hip resurfacing implants owing to a decreased risk of hip dislocation.
However, some side effects of the hip resurfacing implants such as femoral neck fracture, dislocation of the ball, blood clots after surgery, high risk of anesthesia infection are some of the major factors restraining the growth of the global hip resurfacing implants market.
Key Players Covered
Key players present in the global hip resurfacing implants are Zimmer Biomet, Depuy Synthes, B. Braun Melsungen AG, Corin, Waldemar LINK GmbH & Co. KG, Conformis, Corentec Co., Ltd., Evolutis, GROUP FH ORTHO communication, Surgival, and others.
SEGMENTATION
SEGMENTATION | DETAILS |
By Product | · Total Hip Replacement Implant · Partial Hip Replacement Implant · Revision Hip Replacement Implants · Hip Resurfacing Implants |
By Material | · Metal · Plastic · Ceramics |
By End-User | · Hospitals · Orthopedic Clinics · Ambulatory Surgery Centres · Others |
By Geography | · North America (the 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 the Middle East & Africa) |
Among the segmentation, the metal in the material segment accounts for a higher share owing to larger demand and use of these materials in the hip resurfacing implants.
Key Insights
- Overview of technological advancements in the hip resurfacing implants market
- Reimbursement Scenario
- Cost Analysis – For key countries,2018
- Regulatory scenario
- Key mergers and acquisitions
Regional Analysis
Geographically, the global hip resurfacing implants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share in the global market in 2017, owing to increase in accidental cases, increase in a number of the hip resurfacing procedure that led to increase in demand of the hip resurfacing implants in the region. Asia Pacific is expected to register comparative higher CAGR in the forecast period due to a rising aging population, developing healthcare infrastructure and adoption of the hip resurfacing implants.
Key Industry Developments
- In August 2018, Conformis launched two 3D printed hip system implants designed for total hip replacement.
- In August 2017, MicroPort Scientific Corporation announced the launch of PROCOTYL Prime Acetabular Cup System for total hip replacement surgery.
- In May 2017, Corin announced the launch of Optimized Positioning System for hip replacement procedures.
- Ongoing
- 2023
- 2019-2022
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