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Global Hip Implant market 2009-2013
Infiniti Research Limited, April 2010, Pages: 20
The market for Hip Implant is witnessing rapid technological advancements, resulting in improved design, and enhanced implant materials offering more durability. Also, new surgical techniques that are minimally invasive are gaining momentum in hip replacement surgery. Thus, helping patients lead quality and more active lifestyle.
Bone conservation is becoming an important aspect in total hip arthroplasty. Minimal utilization of bone stock during a primary hip replacement provides more options for potential future revision hip surgery. Apart from preserving the bone and soft tissue, bone conserving implant stems can be effective, and potentially increase long term outcomes as compared to some of the conventional femoral stems. Therefore, with increasing emphasis on bone conservation procedures, orthopedic implant manufacturers are introducing a number of bone conserving hip joints. Such improved stem designs helps preserve patient's natural bone during surgical procedures. Therefore, the industry is witnessing increasingly popularity of resurfacing hip surgery with patients opting for alternative approach to total joint replacement surgery.
However, the recession has slowed the Hip Implant market growth. Furthermore, the on-going efforts to reduce healthcare costs is leading to intense pressure on the pricing model. Thus, there is an increased pressure on the manufactures to reduce the implant prices, which may affect the growth of Hip implant market.
Nonetheless, the increasing cases of hip related diseases coupled with growing aging population (who are more prone to hip related degenerative conditions) is likely to continue to increase the demand for hip implants. Additionally, with advances in bio-materials and techniques, and increasing number of young patients undergoing hip arthroplasty offer potential growth opportunity in the Hip Implant market.
This report highlights scope of the Global Hip Implant market, along with trends, drivers, growth inhibitors and a few major vendors in the market.
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