Industry Background:
The total hip replacement procedure is to replicate the action of the natural joint. This is done in four parts, a socket, liner, ball, and stem. In this, the cup is made of metal and fits into the natural hip socket. The liner is made up of medical grade polyethylene. In coming years Artificial Intelligence helps orthopedic surgeons to predict which patients will do well after joint replacement procedures and which less benefited are.This growth is primarily driven by Increase in Chronic Pain and Impairment of Daily Function of Patients and Rising Severe Arthritic Conditions, Especially Osteoarthritis.
Globally, a noticeable market trend is evident Increasing Number of Young and Active Patients Undergoing Hip Arthroplasty
. Major Players, such as Johnson & Johnson (United States), Stryker (United States), Zimmer Biomet (United States), Smith & Nephew (United Kingdom), Wright Medical (United States), ConforMIS (United States), Corin (United Kingdom) and Maxx Orthopedics Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Mar 2019, Corin announced the acquisition of OMNI, this agreement accelerates the Corin’s growth strategy and provides a greater foothold in the United States.
In Aug 2018, Conforming introduced the first two Conformis Hip System implants. The company designed the first ever 3D designed primary total hip replacement system. Through this step, the company expects to lead USD 7 billion hip replacement market by providing surgeons with game-changing operative solutions.
Market Drivers
- Increase in Chronic Pain and Impairment of Daily Function of Patients
- Rising Severe Arthritic Conditions, Especially Osteoarthritis
Market Trend
- Increasing Number of Young and Active Patients Undergoing Hip Arthroplasty
- Surface Replacement or Short-Stemmed Femoral Shaft Prostheses
Opportunities
High opportunity in United States due to rising number of individuals in the United States opt for elective joint replacements to maintain active lifestyles
Challenges
Risks Generated After This Industry Includes Blood Clots, Infection and Create Metal-On-Metal Complications
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Total Hip Replacement Study Sheds Light on
The Total Hip Replacement Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Total Hip Replacement industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Total Hip Replacement industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.