Ceramic Hip Prosthesis Market Size Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2026

Rise in geriatric population coupled with osteoporosis and osteo arthritis, Increase in research and development on hip prosthesis and increasing demand for minimally invasive surgeries are expected to propel the demand for ceramic hip prosthesis market.

Market Size – USD 2,012 million in 2018, Market Growth - CAGR of 6.7%, Market Trends – Increase in the technological advancement of the ceramic hip prosthesis industry.

 According to the current analysis of Reports and Data, the Global ceramic hip prosthesis market is expected to reach USD 3,424.5 Million by the year 2026, in terms of value at a CAGR of 6.7% 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.

 

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The report initially offers market introduction, market overview, product scope, market opportunities, growth prospects, risks, limitations, and key drivers. The report also covers a comprehensive analysis of the competitive landscape with extensive profiling of the key competitors. It covers recent technological advancements, product developments, product launches, mergers and acquisitions, collaborations, joint ventures, and partnerships.

Key Companies in the market include:

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).

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Further key findings from the report suggest

  • Technological advancements in field ceramic hip prosthesis market is the key factor contributing to the market growth. In line with this strategy, key market players are focused on strategic partnerships and collaborations for product development. For instance, In August 2018, Conformis, Inc., a U.S based medical technology company, collaborated with JFK Medical Center in Florida to perform first 3D total hip replacement surgeries.
  • In the ceramic hip prosthesis Market, the ceramic on polythene (COP) is anticipated to be the largest product type segment which is expected to grow at a significant CAGR during the study period due to the global rise in the geriatric population coupled with surge in bone deformities across the globe.
  • Total ceramic hip implants are expected to emerge as highest-growing segment in the analysis period. This is due to their increase in minimally invasive surgeries.
  • Europe is the second largest regional market with a CAGR of 6.4% in 2018, due to the increasing awareness about the bone degeneration disorders and related treatment options in the region coupled with rising incidence of hip fractures.
  • North American region is expected to contribute the largest revenue share over the forecast period as a result of increasing growth of geriatric population suffering from osteoporosis, osteo arthritis coupled with rising approvals by the U.S. FDA for new products.

Furthermore, the report segments Ceramic Hip Prosthesis   market on the basis of key product types and applications and provides details about the revenue growth, revenue CAGR, and revenue share each segment is expected to register over the forecast period.

By Product type (Revenue, USD Million, 2016 - 2026)

  • Total Hip
  • Partial Femoral Head
  • Hip Resurfacing
  • Revision Hip

By Material type (Revenue, USD Million, 2016 - 2026)

  • Ceramic-on-Polyethylene
  • Ceramic-on-Metal
  • Ceramic-on-Ceramic

By Sales channel type (Revenue, USD Million, 2016 - 2026)

  • Channel sales
  • Direct Sales

By End-user type (Revenue, USD Million, 2016 - 2026)

  • Orthopedic Clinics
  • Hospitals
  • Others

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The hospitals segment holds the largest share of the global Ceramic hip prosthesis market in 2018 due to increasing healthcare expenditure in developing nations. Also, implementation of latest technologies and availability skilled healthcare professionals under a single roof, further propels hospitals segment growth in ceramic hip prosthesis market. For a better understanding of the global Ceramic Hip Prosthesis   market dynamics, a regional analysis of the market across key geographical areas is offered in the report. The market is spread across key geographical regions such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each region is analysed on the basis of the market scenario in the major countries of the regions to provide a deeper understanding of the market. It provides insights into production and consumption patterns, supply and demand ratio, export/import, current and emerging trends and demands, market share, market size, revenue contribution, and presence of key players in each region.

In-depth regional analysis includes:

·         North America (U.S., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of EU)

·         Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

 

Key Features of the Global Ceramic Hip Prosthesis   Market Report:

·         Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value

·         Identification and analysis of significant trends and factors driving revenue growth of the market

·         Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches

·         Assessment of each market segment along with their growth trends and market revenue contribution

·         Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks

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