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The femoral prostheses market share is expected to increase by USD 721.01 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.25%.
The femoral prostheses market has been broadly categorized into the following demographic segmentations:
The femoral prostheses market report offers information on several market vendors, including Akcome Medical Holdings Co. Ltd., Altimed JSC, Amplitude SAS, B. Braun SE, Baumer Holding AG, Beijing Chunlizhengda Medical Instruments Co. Ltd., Corentec Co. Ltd., Exactech Inc., Groupe Lepine, Gruppo Bioimpianti Srl, Johnson and Johnson, Limacorporate Spa, Medacta Group SA, Meril Life Sciences Pvt. Ltd., Olympus Corp., PETER BREHM GmbH, SERF, Smith and Nephew plc, Stryker Corp., Surgival Co., and Zimmer Biomet Holdings Inc. among others.
One of the key highlights of the femoral prostheses market research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.
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The rising prevalence of orthopedic diseases and associated risk factors is notably driving the femoral prostheses market growth, although factors such as the high cost of hip replacement surgeries and declining reimbursements 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 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 Prostheses Market Driver
Key Femoral Prostheses Market Trend
Key Femoral Prostheses Market Challenge
This femoral 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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the femoral prostheses market encompasses successful business strategies deployed by the key vendors. The femoral prostheses market is fragmented and the vendors are deploying growth strategies such as acquisitions and collaborations 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 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.
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47% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the femoral prostheses market in North America. Market growth in this region will be slower than the growth of the market in Asia.
The increased adoption of advanced femoral prostheses will facilitate the femoral 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. However, by the second half of 2020, the restrictions in various countries were somewhat relaxed, which included resuming operational activities in femoral prostheses-manufacturing units and offering essential services such as hip replacements. Thus, the relaxation of such restrictions will encourage people to go for health check-ups and treatments, which will drive the growth of the regional femoral prostheses market during the forecast period.
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The femoral prostheses market share growth by the femoral heads segment will be significant during the forecast period. Ceramic femoral heads were introduced as a potentially superior material compared with metal femoral heads. They are more scratch-resistant and have superior wettability in the laboratory setting compared with metal femoral heads. The tribological advantages of ceramic femoral heads against polyethylene (PE) also lead to a reduction in wear and osteolysis compared with metal femoral heads. The wear rate of ceramic-on-ceramic is nearly zero, and the few particles generated are chemically inert. These features of ceramic femoral heads will drive the femoral prostheses market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the femoral prostheses market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global femoral 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 prostheses market during the forecast period.
Our report provides extensive information on the value chain analysis for the femoral 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.
Femoral Prostheses Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.25% |
Market growth 2022-2026 |
$ 721.01 million |
Market structure |
Fragmented |
YoY growth (%) |
3.68 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 47% |
Key consumer countries |
US, Canada, Germany, France, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Akcome Medical Holdings Co. Ltd., Altimed JSC, Amplitude SAS, B. Braun SE, Baumer Holding AG, Beijing Chunlizhengda Medical Instruments Co. Ltd., Corentec Co. Ltd., Exactech Inc., Groupe Lepine, Gruppo Bioimpianti Srl, Johnson and Johnson, Limacorporate Spa, Medacta Group SA, Meril Life Sciences Pvt. Ltd., Olympus Corp., PETER BREHM GmbH, SERF, Smith and Nephew plc, Stryker Corp., Surgival Co., and Zimmer Biomet Holdings Inc. |
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, Market condition analysis for 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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