Market Overview:
The global hip articular prostheses market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of arthritis, technological advancements in hip replacement surgeries, and rising geriatric population. Based on type, the global hip articular prostheses market is segmented into cemented and non-cemented fixation. The cemented fixation segment is expected to dominate the market during the forecast period owing to its high adoption rates across regions. However, the non-cemented fixation segment is projected to grow at a higher CAGR during the forecast period due its advantages such as low implant failure rates and less surgical time required for implantation. Based on application, the global hip articular prostheses market is divided into repair and replace segments. The replace segment dominates this market owing to increasing demand for total joint replacements (TJR) surgeries globally. However, with technological advancements in minimally invasive surgery (MIS), there has been an increase in demand for repair procedures over replacement procedures; this trend is expected continue duringthe forecast period .
Product Definition:
Hip articular prostheses are implants that replace the hip joint. They are used to treat conditions such as arthritis, hip fracture, and avascular necrosis. Hip articular prostheses may be made of metal or plastic and can be either cemented or uncemented in place.
Cemented:
Cemented bearings are the most widely used type of hip bearing. They have a cemented surface to the cup and therefore there is no need for a seal or grease. The cups themselves act as seals, preventing water and air from getting in between the cup and ball. This reduces friction significantly, making them ideal for heavy-duty use in industrial applications such as milling machines or construction equipment where high precision is required with little tolerance for wear & tear.
Non-Cemented Fixation:
Non-cemented fixation is a method of bone cement replacement in which the prosthesis is fixed to the native hip by means of screws, rods, and other fasteners. The non-cemented fixation system has several advantages over cemented systems such as less blood loss during surgery, easy removal after surgery for cleaning and changing out implants as well as fewer complications associated with it.
Application Insights:
The hip prosthesis market by application is classified into repair and replace. The repair segment dominated the overall market in terms of revenue in 2017, owing to increasing incidence of total hip replacement and revision surgery. According to the data published by National Center for Biotechnology Information (NCBI) in 2018, around 1.7 million total hip replacement procedures are performed every year worldwide. This is expected to drive demand for cemented as well as non-cemented fixation devices over the forecast period.
The replace segment is anticipated to witness significant growth over the forecast period due largely to rising geriatric population across countries such as China, Japan and Germany who are more susceptible towards orthopedic diseases coupled with high incidences of trauma caused during sports or accidental falls which result in requirement of a surgical procedure known as revisional Total Hip Arthroplasty (RTHA).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the high prevalence of osteoarthritis, increasing geriatric population, and rising awareness about hip replacement surgeries. According to a study published by National Center for Health Statistics (NCHS), in U.S., around 14 million people suffer from osteoarthritis pain due to which they require hip or knee replacement surgery every year.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving economic conditions and growing healthcare expenditure levels in emerging countries such as China and India.
In 2016, China’s total healthcare expenditure reached nearly 11% of GDP with public expenditures amounting at 7%.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for hip arthroplasty procedures, which will drive growth for the hip articular prostheses market.
- Rising incidence of arthritis: Arthritis is a leading cause of disability worldwide, and is estimated to affect over 350 million people by 2030. The increasing prevalence of arthritis will lead to an increase in demand for hip arthroplasty procedures, driving growth for the hip articular prostheses market.
- Technological advancements: Advancements in technology have led to the development of new types of implants that are more durable and provide better outcomes than traditional implants. This has resulted in an increased adoption rateof these implants among patients, which is driving growthforthehiparticularprosthesesmarket .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hip Articular Prostheses Market Research Report
By Type
Cemented, Non-Cemented Fixation
By Application
Repair, Replace
By Companies
Waldemar Link GmbH & Co. KG, Kyocera Medical Corporation, Smith & Nephew,Inc, Medacta International SA, EXACTECH INC, GROUPE LEPINE, Biomet UK LTD, Howmedica Osteonics Corp, CHUNLI, Depuy Synthes, Waldemar Link GmbH & Co. KG, B. Braun, Shanghai Microport Orthopedics, Stryker
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Hip Articular Prostheses Market Report Segments:
The global Hip Articular Prostheses market is segmented on the basis of:
Types
Cemented, Non-Cemented Fixation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Repair, Replace
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Waldemar Link GmbH & Co. KG
- Kyocera Medical Corporation
- Smith & Nephew,Inc
- Medacta International SA
- EXACTECH INC
- GROUPE LEPINE
- Biomet UK LTD
- Howmedica Osteonics Corp
- CHUNLI
- Depuy Synthes
- Waldemar Link GmbH & Co. KG
- B. Braun
- Shanghai Microport Orthopedics
- Stryker
Highlights of The Hip Articular Prostheses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cemented
- Non-Cemented Fixation
- By Application:
- Repair
- Replace
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hip Articular Prostheses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hip Articular Prostheses are a type of artificial hip that replace the natural hip joint. They are made out of metal and plastic and can be fitted onto the hips to help people walk, run, or climb stairs.
Some of the key players operating in the hip articular prostheses market are Waldemar Link GmbH & Co. KG, Kyocera Medical Corporation, Smith & Nephew,Inc, Medacta International SA, EXACTECH INC, GROUPE LEPINE, Biomet UK LTD, Howmedica Osteonics Corp, CHUNLI, Depuy Synthes, Waldemar Link GmbH & Co. KG, B. Braun, Shanghai Microport Orthopedics, Stryker.
The hip articular prostheses market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hip Articular Prostheses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hip Articular Prostheses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hip Articular Prostheses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hip Articular Prostheses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hip Articular Prostheses Market Size & Forecast, 2020-2028
4.5.1 Hip Articular Prostheses Market Size and Y-o-Y Growth
4.5.2 Hip Articular Prostheses Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cemented
5.2.2 Non-Cemented Fixation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Repair
6.2.2 Replace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hip Articular Prostheses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hip Articular Prostheses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cemented
9.6.2 Non-Cemented Fixation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Repair
9.10.2 Replace
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cemented
10.6.2 Non-Cemented Fixation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Repair
10.10.2 Replace
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cemented
11.6.2 Non-Cemented Fixation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Repair
11.10.2 Replace
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cemented
12.6.2 Non-Cemented Fixation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Repair
12.10.2 Replace
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cemented
13.6.2 Non-Cemented Fixation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Repair
13.10.2 Replace
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hip Articular Prostheses Market: Competitive Dashboard
14.2 Global Hip Articular Prostheses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Waldemar Link GmbH & Co. KG
14.3.2 Kyocera Medical Corporation
14.3.3 Smith & Nephew,Inc
14.3.4 Medacta International SA
14.3.5 EXACTECH INC
14.3.6 GROUPE LEPINE
14.3.7 Biomet UK LTD
14.3.8 Howmedica Osteonics Corp
14.3.9 CHUNLI
14.3.10 Depuy Synthes
14.3.11 Waldemar Link GmbH & Co. KG
14.3.12 B. Braun
14.3.13 Shanghai Microport Orthopedics
14.3.14 Stryker
