Femoral Head Prostheses Market by End-user, Material and Geography - Forecast and Analysis 2023-2027

Femoral Head Prostheses Market Size 2023-2027

The femoral head prostheses market size is estimated to grow by USD 651.88 million at a CAGR of 4.96% between 2022 and 2027. The rising incidence of osteoarthritis, rheumatoid arthritis, and traumatic injuries, coupled with the growing number of hip replacement surgeries, underscores the need for advanced femoral head prostheses. These prostheses play a crucial role in restoring mobility and quality of life for patients. The advancements in femoral head prostheses are driven by a deepening understanding of biomechanics and materials science, leading to more durable and functionally effective solutions. These developments enable surgeons to provide better treatment outcomes, improving patients' ability to perform daily activities with reduced pain and improved joint function. As the demand for hip replacement surgeries continues to rise, the evolution of femoral head prostheses is pivotal in enhancing patient care and recovery.

The number of hip replacements is increasing worldwide due to the increasing prevalence of orthopedic disorders and the rapid growth of the geriatric population. Currently, THRs represent the majority of hip replacements performed. The proportion of patients under 65 years old undergoing hypertension is increasing markedly. In the US, by 2030, it is expected that nearly 1/2 of THR surgeries will be performed on patients under 65 years of age. According to Geriatric Surgery and Rehabilitation (GOSR), the number of hip fractures in the US is expected to reach 840,000 by 2040. This is expected to drive the growth of the market during the forecast period.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

The market is segmented by end-user (hospitals, ASCs, specialty clinics, and research and academic institutions), material (ceramic femoral head prostheses, metal femoral head prostheses, and ceramicised metal femoral head prostheses), and geography (North America, Europe, Asia, and Rest of World (ROW)).

Market Segmentation 

By End-user 

Hospitals

The market share growth by the hospitals segment will be significant during the forecast period. Hospitals are the main end-users of prosthetic femoral heads. Hospitals perform various types of orthopedic surgeries and are the most preferred healthcare facility due to the availability of skilled medical and surgical professionals. Services provided by the hospital include diagnosis, outpatient consultation, surgical intervention, and treatment.

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The hospitals segment was valued at USD 1.13 billion in 2017. The increasing number of patients coming to the hospital due to the increasing number of orthopedic surgeries such as total knee replacement, hip replacement, and other orthopedic surgeries has led to the use of prosthetic femoral heads in hospitals. Additionally, hospitals will continue to hold a significant share of the market, mainly due to the increasing incidence of orthopedic diseases and the convenience offered by hospital facilities. Thus, such factors will drive the growth of the growth of the market during the forecast period.

By Material 

Ceramic femoral head prostheses

Ceramic femoral heads have been introduced as a potentially superior material compared to metal femoral heads. The frictional advantages of ceramic femoral heads over polyethylene (PE) result in reduced wear and bone resorption compared to metal femoral heads. Additionally, factors such as concerns about tournionosis (wear of the femoral head-neck interface) and/or cobalt-chromium (CoCr) tip corrosion contribute to the use of ceramic tips. Therefore, growing demand for ceramic femoral head prostheses is expected to drive the growth of this segment, thereby driving the market during the forecast period.

Metal femoral head prostheses

Femoral heads made of other metals, such as aluminum oxide (Al2O3) and stainless steel, are also used in some patients. Al2O3 femoral heads reduce wear at least twice as much as traditional femoral heads, and the Al2O3-Al2O3 bearing pair delivers the lowest wear rates, with values ??50 to 100 times lower than traditional CoCr -UHMWPE couple. In some countries, stainless steel femoral heads are also used. due to many hip replacement procedures using a metal femoral prosthesis and the widespread availability of metal femoral prostheses. Thus, such factors will drive the growth of the market during the forecast period. 

By Region

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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The US and Canada are the main revenue contributors to the North American market. The rapid growth of the femoral head prosthesis market in North America is due to the increasing use of advanced femoral head prostheses, improving healthcare infrastructure, and increasing number of joint replacements. Crotch.

Furthermore, leading suppliers such as Johnson and Johnson Services Inc. (Johnson and Johnson Services), Smith and Nephew, and Zimmer Biomet also generate a significant portion of their revenue in this region. Additionally, the Centers for Medicare and Medicaid Services (CMS) in the US provides insurance reimbursement for hip replacements, which has contributed to the increased demand for femoral head replacements in North America. Therefore, these factors are expected to drive the growth of the market in North America during the forecast period.

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Bioimpianti Srl: The company offers femoral head prostheses such as CoCr Femoral Head, Morse Taper Metallic femoral head prosthesis.

• Altimed JSC
• Amplitude SAS
• Corentec Co. Ltd.
• Corin Group Plc
• Elite Surgical Pvt. Ltd.
• Exactech Inc.
• Gruppo Johnson and Johnson
• Lepu Medical Technology Beijing Co. Ltd.
• Medacta International SA
• Meril Life Sciences Pvt. Ltd.
• Ortho Development Corp.
• Smith and Nephew plc
• Surgival Co.
• TST Tibbi Aletler San. Ve Tic. Ltd. Sti.
• United Orthopedic Corp.
• Wuhan Yijiabao Biological Materials Co. Ltd.
• Zimed Healthcare Ltd.
• Zimmer Biomet Holdings Inc.
• Normmed Medikal ve Makina San. Tic. Ltd. Sti.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

The market is a critical component of hip replacement surgery, offering solutions like artificial hips and hip and knee arthroplasty. These prostheses consist of components such as the acetabular component, femoral stem, and plastic liner, often made from chrome and cobalt alloy. They come in various types, including fixed-bearing, mobile-bearing, ceramic-on-ceramic, ceramic-on-metal, ceramic-on-polyethylene, metal-on-metal, and metal-on-polyethylene prostheses. The market is witnessing advancements in implantable products and orthopedic prosthetics, including 3D printing technology for personalized implants. This market serves patients through ambulatory surgical centers, orthopedic clinics, and orthopedic specialists, providing essential post-surgery information and options like hip resurfacing. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

The increasing prevalence of osteoarthritis, rheumatoid arthritis, and trauma is the key factor driving the growth of the market. Osteoporosis causes about 9 million bone fractures worldwide every year. The three main types of fractures associated with osteoporosis are hip, wrist, and vertebral fractures. The increase in osteoporotic fractures is predicted to increase the need for prosthetic femoral heads. Rheumatoid arthritis is one of the most common chronic diseases, affecting 1 in 100 people across the globe.

Moreover, risk factors associated with osteoarthritis, osteoporosis, and rheumatoid arthritis are also increasing. For example, the incidence of osteoarthritis, osteoporosis, and rheumatoid arthritis increases significantly with age. Globally, the elderly population is also growing rapidly due to increasing life expectancy. Therefore, these factors are expected to increase the demand for femoral head prosthetics, which, in turn, will drive the growth of the market during the forecast period.

Significant Market Trends

Increasing demand for femoral head prostheses of 28 mm or less is the primary trend in the market. Nowadays, the demand for prosthetic femoral head sizes less than or equal to 28 mm is huge. The high demand is due to the increasing use of dual mobility acetabular constructs in primary joint replacement. Dual-mobility acetabular structures typically use 28 or 22-mm heads in larger PE bearings that articulate with a polished acetabular liner or shell.

Moreover, the larger femoral head (40mm) is primarily used in arthroplasty procedures for better stability. Likewise, the increased use of 28mm heads has also been associated with the increasing use of dual-mobility structures for increased stability. Therefore, the demand for femoral head prosthetics of 28 mm and below is expected to drive the growth of the market during the forecast period.

Major Market Challenges

A shortage of skilled orthopedic surgeons is a challenge that affects the growth of the market. The success of a hip replacement procedure depends greatly on the skill and experience of the orthopedic surgeon. In some developing countries, there is a notable shortage of orthopedic surgeons with expertise in performing hip replacement procedures. Even developed countries, such as the US, are expected to have a shortage of qualified orthopedic surgeons in the coming years.

Additionally, a noteworthy proportion of the world's currently practicing orthopedic surgeons are nearing retirement, and the rapidly growing geriatric population will require more orthopedic care in the future. Therefore, a shortage of qualified orthopedic surgeons is expected to hinder the growth of the market during the forecast period.

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Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

• End-user Outlook 
  • Hospitals
  • ASCs
  • Specialty clinics
  • Research and academic institution

• Material Outlook 
  • Ceramic femoral head prostheses
  • Metal femoral head prostheses
  • Ceramicised metal femoral head prostheses

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the World (ROW)
    • Brazil 
    • Argentina
    • Australia

Market Analyst Overview

The market plays a crucial role in treating conditions like hip osteoarthritis through procedures such as hip arthroplasty. These prostheses, including fixed-bearing and mobile-bearing types, serve as artificial hips to replace damaged joints. They are designed to mimic the natural hip prosthesis, providing functions like cartilage and bone support. The market caters to various needs, offering options like entire hip arthroplasty and personalized implants in different implant sizes. However, challenges such as device faults, allergic reactions, and infections exist, emphasizing the importance of quality and safety in addressing orthopaedic disorders and bone fractures.

The market is a critical component of orthopedic care, particularly in joint replacement surgeries. These prostheses, such as fixed-bearing and mobile-bearing types, are essential in restoring mobility and reducing pain, especially in conditions requiring an artificial hip. Advancements in personalized implants and the use of robots in surgery have enhanced outcomes and patient-specific treatments. However, challenges like metal poisoning, infection, and bone loss remain, emphasizing the need for ongoing research and development. With the growing prevalence of conditions like bone fracture, the market is expected to continue evolving to meet the demands of an aging population. Eurostat data shows an increasing trend in the utilization of fixed-bearing and mobile-bearing prostheses, especially in ambulatory surgery centers, reflecting a shift towards personalized implants and advancements in bone component technology.

Market Scope
Report Coverage	Details
Page number	163
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.96%
Market growth 2023-2027	USD 651.88 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.12
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 40%
Key countries	US, Canada, Germany, China, and India
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, Market forecasting, market forecast and Industry Risks
Key companies profiled	Altimed JSC, Amplitude SAS, Corentec Co. Ltd., Corin Group Plc, Elite Surgical Pvt. Ltd., Exactech Inc., Gruppo Bioimpianti Srl, Johnson and Johnson, Lepu Medical Technology Beijing Co. Ltd., Medacta International SA, Meril Life Sciences Pvt. Ltd., Ortho Development Corp., Smith and Nephew plc, Surgival Co., TST Tibbi Aletler San. Ve Tic. Ltd. Sti., United Orthopedic Corp., Wuhan Yijiabao Biological Materials Co. Ltd., Zimed Healthcare Ltd., Zimmer Biomet Holdings Inc., and Normmed Medikal ve Makina San. Tic. Ltd. Sti.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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