Hip Prosthesis Market Share, Size, Growth And Segment Forecasts To 2020

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Hip Prosthesis Market Share, Size, Emerging Trends and Growth,
Analysis, Overview and Forecasts 2016-2020
Technavio Announces the Publication of its Research Report Global Hip Prosthesis Market 2016-2020
Technavio recognizes the following companies as the key players in the global hip prosthesis market:
Johnson & Johnson, Smith & Nephew, Stryker, and Zimmer-Biomet.
Other Prominent Vendors in the market are: Aesculap Implant Systems, Altimed, Arthrex, B Braun
Medical, ConforMIS, Corentec, Corin, Elite Surgical, Exactech, JRI, Lima Corporate, Microport, Ortho
Development, Synimed, and Tornier.
Commenting on the report, an analyst from Technavio’ s team said: “Rise in popularity of physicianowned ASCs is a key trend for the market. Many surgeons started practicing MI surgeries in an
outpatient setting, especially for bone and spine disorders. Some of the MI hip fracture operations such
as total hip replacement and partial hip replacement procedures could be performed in ASCs. Surgeons
are already performing lumbar fusions, transforaminal lumbar interbody fusions, and anterior cervical
discectomy procedures regularly in few ASCs. This trend will continue, and very soon many complicated
open surgeries will undergo a rapid transition into MI surgeries.”
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According to the report, increased number of road accidents is a key driver for the market. Globally,
around 20-50 million people are estimated to be injured or disabled each year because of road
accidents. Road injuries, including fractures, take an enormous toll on an individual's health. In case of
severe fractures, patients may take several weeks or months to recover. Economically, people living in
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middle- and low-income countries are affected the most by such injuries. In case of orthopedic trauma,
the healthcare infrastructure in developing countries is required to provide long-term healthcare
facilities for individuals with hip, spinal, knee, feet, or ankle injuries.
Further, the report states that high cost of THA procedure is a challenge to market growth. Hip
replacement surgeries are expensive. In the US, each surgery costs more than $40,500. The initial cost of
a surgery is based on the type of product used. Also, this surgery includes indirect and direct costs such
as admission fee, physician fee, and post-hospital rehabilitation expenses. Readmission for treating
spinal fusion surgery-associated complications such as pain at bone graft site, nerve injuries, and graft
rejection can further increase the costs. Although these surgeries offer quick recovery and better patient
outcomes, the majority of people do not opt for these surgeries due to their high cost.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Hip Prosthesis
Hip replacement surgery is an orthopedic procedure that includes the replacement of the damaged hip
joint with a prosthesis made from metal and plastic components. Total hip replacement and partial hip
replacement and resurfacing are the two types of hip replacement surgeries. Traditional or MI
techniques can perform both surgeries. The surgeries are conducted to relieve patients from arthritic
pain or repair hip fracture.
The global hip prosthesis devices market is growing at a slow growth pace. The market is mature in
developed countries and has vast opportunities to grow in emerging countries. The THA surgery has
evolved in recent years, and the advances in technology have made it possible to improve surgical
techniques.
Technavio’ s analysts forecast the global hip prosthesis market to grow at a CAGR of 2.57% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global hip prosthesis market for
2016-2020. To calculate the market size, we consider revenue generated from the sales of hip prosthesis
devices to hospitals and ambulatory surgical centers (ASCs).
The market is divided into the following segments based on geography:
• Americas
• EMEA
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• APAC
Technavio's report, Global Hip Prosthesis Market 2016-2020, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Market Reports Center
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According to the report, increased number of road accidents is a key driver for the market. Globally, around 20-50 million people are estimated to be injured or disabled each year because of road accidents. Road injuries, including fractures, take an enormous toll on an individual's health.