According to the current analysis of Reports and Data, the Global ceramic hip prosthesis market is expected to reach USD 3,840.1 Million by the year 2028, in terms of value at a CAGR of 6.40% from 2019-2026. A hip replacement is a kind of surgical procedure in which damaged hip joint is replaced with an artificial implant. It is used when the mobility is abridged and even in rest, pain is experienced. These are made up of metal, plastic or ceramic. The commercial applications of ceramic hip prosthesis have been studied and researched extensively in recent years. Ceramic hip prosthesis is widely used in the treatment of osteoporosis, rheumatoid arthritis, septic arthritis, hip fracture and ankylosing spondylitis. According to the National Joint Registry for England, 90% of total hip replacement were performed for osteoarthritis in the U.K. in 2016.
Increase in investments in the market, which are supporting the technological advancements, and rise in healthcare expenditure are estimated to shape the growth of the Ceramic hip prosthesis market. Growing number of younger individuals suffering from degenerative diseases are observed as the most lucrative application for the ceramic hip prosthesis market recently. Ceramic hip resurfacing products are one of the greatest advances of modern hip replacement.
Ongoing research in advanced materials on improving wear resistance of the materials, biocompatibility and bone ingrowth capability of the biomaterials, knowledge and restoration of the hip anatomy and function, peroperative management (pain control and blood loss) are increasing the treatment options for ceramic hip prosthesis market. For instance, in May 2019, OrthoAlign, Inc. launched Hip Align application that provides smart navigation technology during surgery. The different and novel products in ceramic hip prosthesis market designed for the treatment of osteoporosis patients are expected to drive the demand of ceramic hip prosthesis market in the analysis period.
Favorable reimbursement policies are further boosting growth of ceramic hip prosthesis market. According to the Patient Protection and Affordable Care Act (PPACA), there has been an increase in the extent of insurance coverage in orthopedic devices, providing access to larger number of patients. However, high cost of surgeries in emerging nations are some significant factors expected to impede the growth of the target market in the forecast period. Conversely, market players are slated to expand their production capabilities in the emerging markets of MEA and Asia-Pacific, thereby creating stellar opportunities for the growth of the market in the forecast period.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Key Players covered in this report are:
Medtronic Plc (Ireland), Integra LifeSciences (US), B. Braun (Germany), Spiegelberg GmbH Co. KG (Germany), Sophysa (France), Natus Medical (US), Dispomedica GmbH (Germany), Delta Surgical Limited (UK), Moller Medical GmbH (Germany), and G. Surgiwear Ltd. (India).
By Product type (Revenue, USD Million, 2018 - 2028)
- Total Hip
- Partial Femoral Head
- Hip Resurfacing
- Revision Hip
By Material type (Revenue, USD Million, 2018 - 2028)
- Ceramic-on-Polyethylene
- Ceramic-on-Metal
- Ceramic-on-Ceramic
By Sales channel type (Revenue, USD Million, 2018 - 2028)
- Channel sales
- Direct Sales
By End-user type (Revenue, USD Million, 2018 - 2028)
- Orthopedic Clinics
- Hospitals
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
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Major Points covered in this report are as below:
• The Ceramic Hip Prosthesis industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Ceramic Hip Prosthesis Market report provides key statistics on the market status of the Ceramic Hip Prosthesis manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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