Global Hip Prosthesis Market 2016-2020

  • ID: 3795273
  • Report
  • Region: Global
  • 82 pages
  • TechNavio
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FEATURED COMPANIES

  • Aesculap Implant Systems
  • B Braun Medical
  • Corin
  • Johnson & Johnson
  • Microport
  • Stryker
  • MORE
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.

The 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
- APAC

The 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.

Key vendors
- Johnson & Johnson
- Smith & Nephew
- Stryker
- Zimmer Biomet

Other prominent vendors
- Aesculap Implant Systems
- Altimed
- Arthrex
- B. Braun Medical
- ConforMIS
- Corentec
- Corin
- Elite Surgical
- Exactech
- JRI
- Lima Corporate
- Microport
- Ortho Development
- Synimed
- Tornier

Market drivers
- Advances in hip replacement surgery procedures

Market challenges
- Post-surgery complications and risk of revision surgery associated with hip replacement

Market trends
- Reimbursement beneficiaries through bundled payment initiative for hip replacement

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aesculap Implant Systems
  • B Braun Medical
  • Corin
  • Johnson & Johnson
  • Microport
  • Stryker
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Hip prosthesis: An overview
  • Definition
  • Disease overview
  • Reasons for hip replacement surgery
  • Hip replacement procedure
PART 06: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 07: Market segmentation by surgical procedures
  • Global hip prosthesis market segmentation by surgical procedures
  • Global total hip replacement surgery market 2015
  • Global partial hip replacement and revision surgery market 2015
PART 08: Geographical segmentation
  • Hip prosthesis market in Americas
  • Hip prosthesis market in EMEA
  • Hip prosthesis market in APAC
PART 09: Market drivers
  • Increase in aging population
  • Growing prevalence of arthritis and osteoporosis
  • Advances in hip replacement surgery procedures
  • Increased number of road accidents
PART 10: Impact of drivers

PART 11: Market challenges
  • Post-surgery complications and risk of revision surgery associated with hip replacement
  • High cost of THA procedure
  • Increasing pricing pressure
  • Rising number of product recalls leading to lower sustainability of major vendors
PART 12: Impact of drivers and challenges

PART 13: Market trends
  • Recent innovation and designs in hip replacement prosthesis to extend lifespan and possibly reduce revision surgery
  • Reimbursement beneficiaries through bundled payment initiative for hip replacement
  • Rise in popularity of physician-owned ASCs
  • Increase in M&A owing to increase in product offering
PART 14: Vendor landscape
  • Competitive scenario
PART 15: Key vendor analysis
  • Johnson & Johnson
  • Smith & Nephew
  • Stryker
  • Zimmer Biomet
  • Other prominent vendors
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits

Exhibit 01: Product offerings
Exhibit 02: Split of orthopedic devices globally 2015
Exhibit 03: List of top vendors in the global orthopedic devices market 2015
Exhibit 04: Hip market value chain in 2015
Exhibit 05: Types of hip implants
Exhibit 06: Types of diseases that affect the hip
Exhibit 07: Risk factors associated with developing osteoarthritis
Exhibit 08: Risk factors associated with incidence of rheumatoid arthritis
Exhibit 09: Causes of hip revision surgery 2014
Exhibit 10: Hip replacement procedure
Exhibit 11: Comparison of percentage change in artificial hips and knees in reported average real prices by medical device category 2007-2014
Exhibit 12: Percentage of musculoskeletal disorders by age 2014
Exhibit 13: Total hospital and physician cost: Hip replacement surgery 2014 ($)
Exhibit 14: Prevalence of arthritis by body mass index 2012-2014
Exhibit 15: Global hip prosthesis market snapshot: Developed and emerging markets
Exhibit 16: Global hip prosthesis market 2015-2020 ($ billions)
Exhibit 17: Key takeaways: Global hip prosthesis market 2015
Exhibit 18: Five forces analysis
Exhibit 19: Global hip prosthesis market segmentation by surgical procedures 2015
Exhibit 20: Global total hip replacement surgery market 2015-2020 ($ billions)
Exhibit 21: Key takeaways: Global total hip prosthesis market
Exhibit 22: Global partial hip replacement and revision surgery market 2015-2020 ($ billions)
Exhibit 23: Key takeaways: Global partial hip replacement and revision surgery market 2015
Exhibit 24: Global hip prosthesis market segmentation analysis 2015 and 2020
Exhibit 25: Product lifecycle of global hip prosthesis market 2015
Exhibit 26: Global hip prosthesis market segmentation by surgical procedures in 2015-2020 ($ billions)
Exhibit 27: Global hip prosthesis market segmentation by surgical procedures in 2015-2020 (%)
Exhibit 28: Overview of the geographical segmentation of the global hip prosthesis market 2015 and 2020
Exhibit 29: Regional market lifecycle analysis 2015
Exhibit 30: Global hip prosthesis market: Country analysis 2015
Exhibit 31: Hip prosthesis market in Americas 2015-2020 ($ billions)
Exhibit 32: Hip prosthesis market in EMEA 2015-2020 ($ billions)
Exhibit 33: Hip prosthesis market in APAC 2015-2020 ($ billions)
Exhibit 34: Segmentation of global hip prosthesis market by geography 2015-2020 ($ billions)
Exhibit 35: Segmentation of global hip prosthesis market by geography 2015-2020 (%)
Exhibit 36: Population aged 60 years and above: World, developed, and developing regions (millions)
Exhibit 37: Impact of drivers
Exhibit 38: Cost breakdown of a total hip replacement 2014
Exhibit 39: Current costs and payments in THA 1990-2020
Exhibit 40: Total recalls by top vendors in hip replacement 2003-2013
Exhibit 41: Number of product recalls 2003-2013
Exhibit 42: Reason for product recalls
Exhibit 43: Impact of drivers and challenges
Exhibit 44: Recent M&A in global hip prosthesis market
Exhibit 45: Global hip prosthesis market revenue of top vendors 2015 ($ billions)
Exhibit 46: Global hip prosthesis market shares of top vendors 2015
Exhibit 47: Global hip prosthesis market: Competitive landscape 2015
Exhibit 48: Johnson & Johnson product segments
Exhibit 49: Johnson & Johnson: Metrics analysis
Exhibit 50: Smith & Nephew: Metrics analysis
Exhibit 51: Stryker: Orthopedic segment revenue 2013-2015 ($ billions)
Exhibit 52: Stryker: Metrics analysis
Exhibit 53: Zimmer Biomet: Product categories
Exhibit 54: Zimmer Biomet: Hip segment revenue 2013-2015 ($ billions)
Exhibit 55: Zimmer Biomet: Metrics analysis
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aesculap Implant Systems
  • B Braun Medical
  • Corin
  • Johnson & Johnson
  • Microport
  • Stryker
  • MORE
New Report Released: - Global Hip Prosthesis Market 2016-2020

The author of the report 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 the research team said: “Rise in popularity of physician-owned 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.”

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 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.
Note: Product cover images may vary from those shown
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- Johnson & Johnson
- Smith & Nephew
- Stryker
- Zimmer-Biomet
- Aesculap Implant Systems
- Altimed
- Arthrex
- B Braun Medical
- ConforMIS
- Corentec
- Corin
- Elite Surgical
- Exactech
- JRI
- Lima Corporate
- Microport
- Ortho Development
- Synimed
- Tornier
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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