Femoral Head Prostheses Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, Canada, China, India - Size and Forecast 2024-2028

Femoral Head Prostheses Market Size 2024-2028

The femoral head prostheses market size is forecast to increase by USD 589.4 million at a CAGR of 4.4% between 2023 and 2028.

• The market is experiencing significant growth due to several key factors. The rising prevalence of conditions such as osteoarthritis and rheumatoid arthritis, which often necessitate hip replacement surgery, is a major driver for market growth. Moreover, these prostheses come in various materials, including stainless steel, ceramic, and polyethylene, with fixed-bearing and mobile-bearing designs.
• Spotlight is increasingly on robotic hip replacement surgeries, renowned for their precision and ability to enhance patient outcomes. However, the steep costs of surgeries and prosthetic implants present a barrier, making access challenging for some patients. Despite this, the market is poised for steady growth, driven by an aging population and the rising demand for hip replacement procedures.

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

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• The market is driven by the increasing number of hip replacement surgeries due to the aging population and rising prevalence of hip disorders. Artificial hips, comprised of an acetabular component, plastic liner, femoral stem, and femoral head, are implantable orthopaedic prosthetics used in joint replacement procedures.
• Moreover, these prostheses come in various materials, including stainless steel, ceramic, and polyethylene, with fixed-bearing and mobile-bearing designs. Ceramic-on-ceramic, ceramic-on-metal, ceramic-on-polyethylene, metal-on-metal, and metal-on-polyethylene are common bearing surfaces. Hospitals, ambulatory surgical centers, and orthopedic clinics are major end-users, while orthopaedic specialists provide the demand. Post-surgery information and emerging trends include hip resurfacing, personalized implants, and 3D printing technology.

How is this Femoral Head Prostheses Industry segmented and which is the largest segment?

The femoral head prostheses industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Hospitals
  • ASCs
  • Speciality clinics
  • Research and academic institution
• Material
  • Ceramic femoral head prostheses
  • Metal femoral head prostheses
  • Ceramicised metal femoral head prostheses
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
  • Asia
    • China
    • India
  • Rest of World (ROW)

By End-user Insights

• The hospitals segment is estimated to witness significant growth during the forecast period.

Hospitals serve as the primary consumers of femoral head prostheses due to the high volume of orthopedic replacement surgeries performed In these healthcare facilities. Orthopedic departments in hospitals are a significant focus as they address various medical conditions such as arthritis, joint and hip, and knee problems. The increasing number of patients undergoing surgeries like total knee replacement, hip replacement, and other orthopedic procedures has led to a rise In the demand for femoral head prostheses. Multispecialty hospitals and specialized orthopedic centers offer comprehensive services, from diagnosis and consultation to surgical intervention and post-surgery care. The growing need for advanced medical treatments and the availability of skilled medical professionals in hospitals have made them the preferred choice for patients seeking orthopedic care.

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The hospitals segment was valued at USD 1.17 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• 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 shape the market during the forecast period.

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The market in North America, encompassing the US and Canada, experiences significant growth due to the increasing number of hip replacement surgeries, advanced prostheses adoption, enhanced healthcare infrastructure, and the prevalence of orthopedic disorders. The aging population In the US, with over 57.8 million individuals aged 65 years and above in 2022, according to The World Bank Group, contributes substantially to this market growth. The American Joint Replacement Registry reports that over 2 million hip and knee procedures were performed In the US in 2019. Femoral head prostheses, including acetabular components, plastic liners, femoral stems, and femoral heads, primarily made of stainless steel, are essential components in hip replacement surgeries.

Market Dynamics

Our femoral head prostheses market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of Femoral Head Prostheses Industry?

Increasing prevalence of osteoarthritis, rheumatoid arthritis, and trauma is the key driver of the market.

• The prevalence of orthopedic disorders, including hip osteoarthritis and rheumatoid arthritis, is on the rise, leading to a significant increase in hip replacement surgeries. These surgeries involve the implantation of various orthopaedic prosthetics, including femoral head prostheses. These prostheses consist of a femoral stem, which is implanted into the femur bone, and a femoral head, which articulates with the acetabular component. The femoral head can be made of various materials such as stainless steel, ceramic, or plastic liners. Femoral head prostheses are used in both fixed-bearing and mobile-bearing prostheses. Fixed-bearing prostheses have a stationary acetabular component while mobile-bearing prostheses allow for more natural joint movement.
• Moreover, the choice of material for the femoral head and acetabular component depends on various factors, including patient preference, surgical technique, and individual patient needs. The increasing number of hip replacement surgeries in ambulatory surgical centers, hospitals, and orthopedic clinics is expected to drive the demand for femoral head prostheses. However, there are potential risks associated with these implants, such as device faults, allergic reactions, metal poisoning, infection, and bone loss. These risks are particularly prevalent In the elderly population, who are more susceptible to orthopedic disorders and undergo more joint replacement surgeries. The market for femoral head prostheses is expected to grow significantly due to the increasing prevalence of orthopedic disorders and the rising number of hip replacement surgeries.

What are the market trends shaping the Femoral Head Prostheses Industry?

Increasing focus on robotic hip replacement surgeries is the upcoming market trend.

• The global market for femoral head prostheses is experiencing significant growth due to the increasing number of hip replacement surgeries performed each year. Hip replacement procedures involve the use of artificial hips, which consist of an acetabular component, plastic liner, femoral stem, and femoral head. These implantable products can be made of various materials, including stainless steel, ceramic, and other orthopedic prosthetics. The demand for femoral head prostheses is driven by the rising prevalence of orthopedic disorders such as osteoarthritis and hip osteoarthritis. Hip arthroplasty, also known as hip resurfacing, is a common surgical procedure used to replace damaged bone components with artificial joints.
• Moreover, hospitals, ambulatory surgical centers, and orthopedic clinics are the primary end-users of these prostheses. Advancements in technology, such as robotic hip replacement surgeries, are improving the precision and accuracy of implant placement. Mobile-bearing and fixed-bearing prostheses, as well as ceramic-on-ceramic, ceramic-on-metal, ceramic-on-polyethylene, metal-on-metal, and metal-on-polyethylene prostheses, are some of the types of femoral head prostheses available. However, there are risks associated with the use of femoral head prostheses, including device faults, allergic reactions, metal poisoning, infection, bone loss, and complications In the elderly population.

What challenges does the Femoral Head Prostheses Industry face during its growth?

High cost of hip replacement surgeries is a key challenge affecting the industry growth.

• The market encompasses the production and distribution of artificial hip components, specifically the femoral heads, used in hip replacement surgeries. These implantable products are essential for individuals undergoing hip arthroplasty due to conditions such as osteoarthritis or bone fracture. The market includes various types of prostheses, such as Fixed-Bearing Prostheses and Mobile-Bearing Prostheses, with materials ranging from stainless steel to ceramic. The cost of hip replacement procedures, which includes the use of femoral head prostheses, can vary significantly, ranging from USD15,000 to USD35,000 in different geographic locations. Factors influencing the cost include the type of implant, surgery extent, surgeon skill, hospital costs, and medications required.
• Moreover, the use of advanced technologies like 3D printing and personalised implants can also impact the cost. Despite the benefits of hip replacement surgeries, the high cost and potential complications, such as infection, bone loss, allergic reactions, device faults, and metal poisoning, can deter some patients. The elderly population, who are most in need of these procedures due to age-related orthopedic disorders, often face financial challenges in accessing them.

Exclusive Customer Landscape

The femoral head prostheses market forecasting 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 femoral head prostheses market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, femoral head prostheses market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

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

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 industry 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.

Research Analyst Overview

The femoral head prosthesis market encompasses a range of implantable products designed to replace the damaged or degenerated femoral head in hip joints. These prostheses are integral components of hip arthroplasty, a surgical procedure used to treat various orthopaedic disorders, including osteoarthritis and bone fractures. The market for these implants is driven by the increasing prevalence of hip conditions and the growing demand for minimally invasive surgical procedures. The market for femoral head prostheses offers diverse product options, including fixed-bearing and mobile-bearing prostheses. Fixed-bearing prostheses feature a stationary acetabular component and a rotating femoral head while mobile-bearing prostheses allow for the articulation between the femoral head and the acetabular component.

Moreover, the choice of prosthesis depends on several factors, including the patient's age, activity level, and individual anatomy. The materials used In the production of femoral head prostheses include stainless steel, ceramic, and polyethylene. Ceramic-on-ceramic, ceramic-on-metal, and ceramic-on-polyethylene are common bearing surfaces used In these prostheses. Each material offers unique advantages, such as durability, biocompatibility, and wear resistance. The market for femoral head prostheses is influenced by several factors, including advancements in technology and increasing demand for personalized implants. Three-dimensional (3D) printing technology and robotic-assisted surgery are transforming the production and implantation processes, enabling the creation of customized implants tailored to individual patients.

In addition, despite the benefits, the femoral head prosthesis market faces challenges, such as device faults, allergic reactions, metal poisoning, and infection. These complications can lead to bone loss and the need for revision surgeries. Additionally, the aging population is driving the demand for hip replacement surgeries, which puts pressure on healthcare systems to provide affordable and efficient care. The market for femoral head prostheses is diverse, with applications in ambulatory surgical centers, hospitals, and orthopedic clinics. Orthopedic specialists play a crucial role In the selection and implantation of these prostheses, providing post-surgery information and follow-up care to ensure optimal patient outcomes.

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

• CAGR of the Femoral Head Prostheses industry during the forecast period
• Detailed information on factors that will drive the Femoral Head Prostheses growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the femoral head prostheses market growth of industry companies

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