Hip Replacement Market Analysis, Size, Trends | Global | 2018-2024 | MedCore
- Year: 2018
- Scope: 2014-2024
- Region: Australia, Brazil, China, Europe, India, Japan, South Korea, United States
- Pages: 598
- Type: MedCore
Cost-cutting measures at hospitals and surgery centers continue to drive down the ASPs of the hip replacement market. The long-term market growth will be primarily driven by patient demographics, characterized by an ever-growing aging population and an increasing number of younger patients.
Considering the mature nature of the hip arthroplasty market, the development and adoption of new technology is also expected to contribute to its long-term growth. The newest developments in hip arthroplasty include the use of additive manufacturing, or 3D printing, and sensor technology, as well as the adoption of robotics in the form of the robotic-assisted hip arthroplasty procedures. Further information on the emerging trends and the new technologies market can be found in Appendix I of this report.
Despite steady growth in procedure volumes in the United States, growth in the market value of all segments and subsegments of the overall hip replacement market is stymied by the offsetting price cuts throughout the U.S. healthcare system. The fastest-growing segments of the total hip replacement market were represented by implants with ceramic heads and HCPE liners, as well as by cementless devices in the U.S. An increasing acceptance of cementless implants, which allow for a reduction in surgical time compared to cemented alternatives, will be further driven by an overall industrial shift towards outpatient settings, as more hip replacement procedures are expected to be performed in ASCs.
A primary total hip replacement (THR) replaces the entire hip joint. THR implants typically have three components: a stem, a head and an acetabular cup. Partial implants replace only the femoral or acetabular side of the joint. This form of procedure is known as hemiarthroplasty. These devices are colloquially known as hemis within the industry and are often modular components of total implant systems. Resurfacing is an alternative form of implantation to total joint replacement. Rather than removing the entire femoral head, a cap with a short stem is placed onto the bone. This allows for greater preservation of bone stock over a THR and also has the advantage of being easier to revise when the resurfacing implant becomes worn. Revision implants become necessary when original implants of any type become worn over time or through pathology. A conservative estimate of the viability of any implant is approximately 15 years. Revision devices are not significantly different than the original primary total replacements, but the stems may be longer to aid fixation within the femur.
The Only Medical Device Market Research With:
|✔ Unit Sales Growth Analysis
✔ Average Selling Prices
✔ Competitor Shares by Segment & Country
✔ SKU-Level Research Methods
✔ The Lowest Acquisition Cost
Highly Detailed Segmentation
- Total Hip Replacement Market
- Partial Hip Replacement Market
- Hip Resurfacing Market
- Hip Replacement Revision Market
Report Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- 10 Year Scope (3 Year Historical + 7 Year Forecast Period)
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares
- Product Portfolios
- Related Press Releases from Top Competitors
Hip Replacement Market Share Insights
Through the hip replacement device market, Zimmer Biomet is the clear leader, particularly in Europe, where they command nearly one-third of the market themselves. In the United States, Zimmer is closely followed by Depuy Synthes, Stryker, and Smith & Nephew, the other prominent players in the major regions. The market in Europe is significantly more fragmented, with these top companies commanding just over three-quarters of the market, whereas in the United States, these companies make up over 85% of the market.
Although Zimmer Biomet remains a market leader in the large joint device market, their sales in both the knee and hip replacement markets declined slightly in 2017 as a result of supply issues related to production delays from the company’s Warsaw North Campus facility. The company benefited from the issues associated with the use of metal-on-metal hip implant systems, since their product line offers alternatives to these bearing types. Zimmer Biomet’s strong market share was largely attributed to the sales of their Taperloc® Hip System, Arcos® Modular Hip System and G7® Acetabular System, as well as the Continuum™ Acetabular System, which is available in various bearing types.
Throughout this global study, iData’s team of analysts researched nearly 50 companies, the whole list is included below:
All Companies Analyzed in this Study
About Our In-Depth MedCore Research
Our analysts meticulously research for up to 3 to 4 months to put together one suite of reports (MedSuite), which is a comprehensive analysis on a group of healthcare markets. A MedCore is one portion of that analysis that focuses on one market segment, and provides further detailed segmentation to get a much more granular set of market data.
This MedCore is also found in the full report suite titled Large Joint Devices Market – MedSuite.
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