Femoral Prostheses Market by Product and Geography - Forecast and Analysis 2022-2026

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: 

• Product - Femoral heads and femoral stems
• Geography - North America, Europe, Asia, and Rest of World (ROW)

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.

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

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Femoral Prostheses Market: Key Drivers, Trends, and Challenges

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

• The rising prevalence of orthopedic diseases and associated risk factors is one of the key drivers supporting the femoral prostheses market growth.
• Globally, there is an increasing prevalence of orthopedic diseases such as osteoarthritis, osteoporosis, and rheumatoid arthritis. Osteoarthritis ranks fifth among all forms of disability worldwide.
• Rheumatoid arthritis is one of the most common chronic diseases, affecting one in every 100 individuals worldwide.
• According to the Centers for Disease Control and Prevention (CDC), as of 2017, 54.4 million US adults were affected by arthritis, and by 2025, approximately 60 million US adults are estimated to have doctor-diagnosed arthritis. 
• The risk factors associated with osteoarthritis, osteoporosis, and rheumatoid arthritis are also rising. This, in turn, will drive the femoral prostheses market growth during the forecast period.

Key Femoral Prostheses Market Trend

• Increasing focus on robotic hip replacement surgeries is one of the key femoral prostheses market trends fueling the market growth.
• Robotic platforms are increasingly being utilized for performing hip replacement surgeries globally.
• Robotic platforms enable clinicians to customize procedures as per the patient unique anatomy and use precisely fitting implants.
• The implants placed using robotic surgeries are long-lasting and function effectively over long periods.
• Several vendors are directing their R&D efforts toward the development of surgical robots for the correct positioning of components during hip replacement surgeries. Thus, the increasing R&D efforts will propel the femoral prostheses market trends fueling the market growth during the forecast period.

Key Femoral Prostheses Market Challenge

• The high cost of hip replacement surgeries and declining reimbursements is one of the challenges limiting the femoral prostheses market growth.
• A significant number of patients undergo revision hip replacement surgeries due to various reasons, such as infection, wear, and failure of the acetabular component, which can lead to a significant financial burden on patients as well as hospitals. This is due to the high costs of perioperative investigations, blood transfusions, surgical instruments, implants, and operating time. 
• Hospitals are unable to secure high discounts from manufacturers due to their limited bargaining power, as they buy a relatively small quantity of implants from any one company.
• The declining reimbursement rates for hip replacement surgeries have significantly restricted access for many end-users to advanced and expensive femoral stems. This factor will have a negative impact on the femoral prostheses market growth during the forecast period.

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.

Who are the Major Femoral Prostheses Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Zimmer Biomet Holdings Inc.

 

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.

Product Insights and News

• Ak-medical.net - The company offers femoral prostheses products such as AK ACP bone cement femoral stem.
• Altimed.by - The company offers femoral prostheses products such as cementless femoral stem, cemented femoral stem, and Austin Moore endoprosthesis.
• Amplitude-ortho.com - The company offers femoral prostheses products such as SATURNE II, SCORE II, and EVOK.

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.

Which are the Key Regions for Femoral Prostheses Market?

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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.

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

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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.

Parent Market Analysis

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.

Femoral Prostheses Market Value Chain Analysis

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

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive femoral prostheses market growth during the next five years
• Precise estimation of the femoral 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 prostheses industry across North America, Europe, Asia, and Rest of 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 prostheses market vendors

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