The report titled ‘Hip Replacement Implants Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2013 – 2019’ encompasses a detailed study of this increasingly common surgical procedure. This latest report by Transparency Market Research is based on extensive primary and secondary research. Information has been meticulously gleaned and analyzed from key players’ literature and annual reports besides in-depth interviews with key opinion leaders and senior executives. TMR’s access to industry-leading research tools and databases gives it the unique ability to base its reports on up-to-date statistics and data.
Thus, this report offers users an inclusive picture of the current industry trends and projected drivers and restraints for the hip replacement implants market. A key highlight of this report is the analyses of recent developments in this market. Proven techniques such as Porter’s five force model analysis are other methods that we have used for arriving at precise numbers and sharp predictions.
Hip replacement is a surgical procedure wherein a worn-out or dysfunctional hip joint is replaced with a prosthetic implant. A hip replacement surgery is primarily carried out with the intention of restoring mobility and offering pain-relief typically associated with arthritis and hip injuries.
Hip replacement implants are precise components manufactured to exacting dimensions using high-quality, approved materials. The benefits of a hip replacement surgery differ from one patient to another, and so do the risks. While it may be difficult to pin down the exact outcome of a hip replacement surgery, medical practitioners can base their judgment on factors such as the patient’s age, sex, activity level, weight, and the type of implant. The longevity of the implant can be determined based on the conditions of the surgery and disease diagnosis.
Some of the FDA approved hip replacement implants that are currently used in hip replacement surgeries are as follows:
- Metal-on-metal: These feature a metal ball designed to fit into a metal socket, coupled with a metal stem that is fixed into the thigh bone
- Metal-on-polyethylene: These are the most commonly-used implants for hip replacement. They are comprised of a plastic (polyethylene) socket and a metal stem and ball.
- Ceramic-on-metal: In these implants, the socket is made of metal whereas the ball is made using ceramic
- Ceramic-on-polyethylene: This type of implant is preferred for younger patients as it is less susceptible to joint wear and has better lubrication. Such implants consist of a socket that’s made of polyethylene and a ball made using metal.
- Ceramic-on-ceramic: Such hip replacement implants feature a socket with a ceramic lining and a ceramic ball.
Reports show that in 2011, nearly 0.5 million Americans had to undergo hip replacement surgery as they were suffering from osteoarthritis – the most common form of arthritis in the U.S. and many other countries. The World Health Organization predicts that osteoarthritis will be the fourth leading non-fatal disease by 2020 and is likely to immensely add to the global medical care burden. Growing incidences of rheumatoid arthritis, hip injuries, osteoarthritis, and an obese and aging population will provide an impetus to the market.
However, hip replacement surgeries are also known to have adverse effects on patients. Some of the commonly observed side effects include chronic pain, metal toxicity, osteolysis, vein thrombosis, and nerve palsy. All of these factors are likely to inhibit the growth of the hip replacement implants market.
Globally, North America is the leader in the hip replacement implants market. It is closely followed by Europe, where a large arthritic population exists. The favorable reimbursement policies in Europe are also a factor fuelling growth here. In other regions such as Asia Pacific, the market for hip replacement implants is likely to grow in the backdrop of an increasing number of hip injuries and diseases.
Some of the key market players in this market are: Zimmer Holdings, Inc., DePuy, Inc., Stryker Corporation, and Biomet, Inc.
This market research report analyzes the following geographies:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
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