The femoral head prostheses market share is expected to increase by USD 538.96 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.38%.

This femoral head prostheses market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers femoral head prostheses market segmentations by material (ceramic femoral head prostheses, metal femoral head prostheses, and ceramicised metal femoral head prostheses) and geography (North America, Europe, Asia, and the Rest of the World  (ROW)). The femoral head prostheses market report also offers information on several market vendors, including Altimed JSC, Amplitude SAS, Baumer Holding AG, Corentec Co. Ltd., Corin Group Plc, Exactech Inc., Gruppo Bioimpianti Srl, Johnson and Johnson, Limacorporate Spa, Medacta Group SA, Meril Life Sciences Pvt. Ltd., Ortho Development Corp, Shanghai Ketai Medical Device Co. Ltd., Smith and Nephew plc, Surgival Co., SurgTech Inc., TST Medical Tools San. and Tic. Ltd. Sti. Kurtkoy Sanayi Mah, Wuhan Yijiabao Biological Materials Co. Ltd., Zimed Healthcare Ltd., and Zimmer Biomet Holdings Inc. among others.

What will the Femoral Head Prostheses Market Size be During the Forecast Period?

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Femoral Head Prostheses Market: Key Drivers, Trends, and Challenges

The increasing number of hip replacement surgeries is notably driving the femoral head prostheses market growth, although factors such as the shortage of skilled orthopedic surgeons may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the femoral head prostheses industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Femoral Head Prostheses Market Driver

The increasing number of hip replacement surgeries is one of the major drivers impacting the femoral head prostheses market growth. The number of hip replacement surgeries is on the rise globally owing to the growing prevalence of orthopedic disorders and the rapidly growing geriatric population. Currently, THRs account for a majority of the hip replacement surgeries performed. The proportion of patients younger than 65 years of age undergoing THR procedures is increasing significantly. In the US, by 2030, nearly one of every two THR surgeries is projected to be performed on patients younger than 65 years. As per the Geriatric Orthopedic Surgery and Rehabilitation (GOSR), the number of hip fractures in the US is expected to reach 840,000 by 2040. This is projected to boost the growth of the market during the forecast period.

Key Femoral Head Prostheses Market Trend

Increasing focus on robotic hip replacement surgeries is one of the major trends influencing the femoral head prostheses market growth. Robotic hip replacement surgeries are increasingly gaining prominence across the world. Robotic platforms allow clinicians to customize hip replacement surgeries to closely match patients' unique anatomy and place precisely fitting, long-lasting, and well-functioning implant prostheses. These systems improve outcomes of hip replacement surgeries as they can be performed with smaller incisions, low blood loss, and reduced damage to the surrounding tissues. Several vendors are focusing on R&D to develop surgical robots for the correct positioning of the components during hip replacement procedures. In March 2019, Smith and Nephew announced that it had agreed to acquire the Brainlab orthopedic joint reconstruction business. This business provides clinicians with digital workflow tools, from pre-operative planning to intraoperative navigation to postoperative evaluation and sharing. It helps maximize precision and reproducibility and achieve desired outcomes for patients and surgeons. Such trends are expected to drive market growth during the forecast period.

Key Femoral Head Prostheses Market Challenge

The shortage of skilled orthopedic surgeons is one of the major challenges impeding the femoral head prostheses market growth. The success of hip replacement procedures is highly dependent on the skills and experience of orthopedic surgeons. In several developing countries, there is a significant shortage of orthopedic surgeons who have expertise in performing hip replacement procedures. Even developed countries, such as the US, are expected to witness a shortage of skilled orthopedists in the coming years. By 2025, the supply of orthopedic surgeons is expected to be significantly lesser than the demand in the US. One of the possible reasons for the projected shortage of orthopedic surgeons is subspecialization. A significant proportion of orthopedists prefer not to work in smaller cities due to the lack of sufficient patients. Most orthopedic surgeons are concentrated in bigger cities, whose practice is limited to certain areas. Furthermore, a significant proportion of the current orthopedic surgeons are nearing their retirement. Also, the declining reimbursement for several major orthopedic procedures, including hip and knee replacement surgeries, is deterring medical students from choosing orthopedics as their specialty.

This femoral head prostheses market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global femoral head prostheses market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the femoral head prostheses market during the forecast period.

Who are the Major Femoral Head Prostheses Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Altimed JSC
• Amplitude SAS
• Baumer Holding AG
• Corentec Co. Ltd.
• Corin Group Plc
• Exactech Inc.
• Gruppo Bioimpianti Srl
• Johnson and Johnson
• Limacorporate Spa
• Medacta Group SA
• Meril Life Sciences Pvt. Ltd.
• Ortho Development Corp
• Shanghai Ketai Medical Device Co. Ltd.
• Smith and Nephew plc
• Surgival Co.
• SurgTech Inc.
• TST Medical Tools San. and Tic. Ltd. Sti. Kurtkoy Sanayi Mah
• Wuhan Yijiabao Biological Materials Co. Ltd.
• Zimed Healthcare Ltd.
• Zimmer Biomet Holdings Inc.

This statistical study of the femoral head prostheses market encompasses successful business strategies deployed by the key vendors. The femoral head prostheses market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The femoral head prostheses market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Femoral Head Prostheses Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the femoral head prostheses market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Femoral Head Prostheses Market?

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39% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the femoral head prostheses market in North America. Market growth in this region will be faster than the growth of the market in other regions.

Improved healthcare infrastructure and the high prevalence of orthopedic disorders will facilitate the femoral head prostheses market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 adversely affected all countries in the region, especially the US. It had a mixed impact on the regional market in 2020. Partial lockdowns in several countries, including Canada and Mexico, were implemented to control the spread of COVID-19 in 2020. Various non-urgent treatments such as hip replacements and clinical visits were wholly or partially restricted as per the COVID-19 guidelines. 

What are the Revenue-generating Material Segments in the Femoral Head Prostheses Market?

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The femoral head prostheses market share growth in the ceramic femoral head prosthesis segment will be significant during the forecast period. Ceramic femoral heads are increasingly being demanded by end-users due to their established track record of minimizing surface wear and also a reduction in the metal release from the taper junction. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the femoral head prostheses market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Femoral Head Prostheses Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive femoral head prostheses market growth during the next five years
• Precise estimation of the femoral head prostheses market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the femoral head prostheses industry across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of femoral head prostheses market vendors

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