市場調查報告書
商品編碼
1559460
全球髖關節置換設備市場:洞察、競爭格局、市場預測:2030年Hip Replacement Devices - Market Insights, Competitive Landscape, and Market Forecast - 2030 |
2023年髖關節重建/置換設備的市場規模為88.2億美元。預計到2030年,該市場將達到 118.3億美元,2024年至2030年的預測期間年複合成長率為 5.04%。隨著全球骨關節炎和骨質疏鬆症發病率的上升、髖部骨折發生率的增加、關節置換技術的進步以及主要參與者的創新產品開發,髖關節重建/置換設備市場經歷顯著成長,預計到2024年將顯著成長。
根據世界衛生組織 (WHO) (2023) 的資料,全球平均有 3.44億人患有髖骨關節炎。其中,73%的骨關節炎患者年齡在55歲以上,其中60%是女性。此外,根據同一來源,全世界有 1,300萬人患有類風濕性關節炎。髖關節重建/置換裝置對於緩解晚期關節退化患者的疼痛和恢復活動能力非常重要。這些用於外科手術的器械有助於改善生活品質和功能,並且對於管理對關節炎症狀有效解決方案日益成長的需求非常重要。
本報告研究了全球髖關節置換設備市場,並提供了市場概述,包括依產品類型、固定程序、最終用戶、地區的趨勢,以及進入該市場的公司概況。
Hip Reconstruction/Replacement Devices Market by Product Type (Total Hip Replacement System, Partial Hip Replacement System, Hip Revision System, and Hip Resurfacing System), Fixation (Cemented and Non-Cemented), End-User (Hospitals, Orthopedic Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) is expected to advance at a respectable CAGR forecast till 2030 owing to the increasing cases of bone related disorders and rising product developmental activities across the globe
The hip reconstruction/replacement devices market was valued at USD 8.82 billion in 2023, growing at a CAGR of 5.04% during the forecast period from 2024 to 2030 to reach USD 11.83 billion by 2030. The hip reconstruction/replacement devices market is growing significantly due to the rising global incidence of osteoarthritis and osteoporosis, increasing numbers of hip fractures, coupled with advancements in joint-replacement technology and innovative product developments by leading companies is expected to escalate the demand for hip reconstruction/replacement devices during the forecast period from 2024 to 2030.
Hip Reconstruction/Replacement Devices Market Dynamics:
According to the World Health Organization (2023), 344 million individuals are affected by osteoarthritis globally on average. Amongst this population, 73% of people living with osteoarthritis are older than 55 years, and 60% are female. Moreover, as per the same source, 13 million people are living with rheumatoid arthritis globally. Hip reconstruction and replacement devices are essential in alleviating pain and restoring mobility for individuals with advanced joint degeneration. Employed in surgical interventions, these devices help improve the quality of life and functionality, making them crucial in managing the increasing demand for effective solutions in arthritic conditions.
According to the International Osteoporosis Foundation 2021 data, more than about 50% of all osteoporotic hip fractures will occur in Asia by the year 2050. Moreover, as per data from the National Institute of Health (2023), it projected that the global incidence of hip fracture will rise from 7 to 21 million by 2050. The anticipated surge in hip fractures globally highlights a growing need for hip reconstruction and replacement devices. These devices play a vital role in managing the increasing number of hip injuries, offering effective solutions for restoring mobility and function, and addressing the rising demand driven by the higher incidence of fractures.
Increased product developmental activities by market key players are also slated to witness the market growth of hip replacement devices. For example in February 2024, Stryker Corporation announced to showcase new joint-replacement technology and updates to its Mako surgical robotic platform. The company also aimed to reduce intra-operative fluoroscopy in certain hip-replacement procedures.
Additionally, in August 2023, Smith and Nephew, the global medical technology company, announced the launch of its OR3O Dual Mobility System for primary and revision hip arthroplasty in India. Compared to traditional solutions, the dual mobility implants featured a small diameter femoral head that locked into a larger polyethylene insert, enhancing stability, reducing the risk of dislocation, and providing an improved range of motion.
Therefore, the factors stated above collectively will drive the overall hip reconstruction/replacement devices market during the forecast period from 2024 to 2030.
However, nerve and blood vessel injury, bleeding, and stiffness associated with implants, nerve damage can cause numbness, weakness & pain, among others may limit their end-user base, thus acting as key constraints limiting the growth of the hip reconstruction/replacement devices.
Hip Reconstruction/Replacement Devices Market Segment Analysis:
Hip Reconstruction/Replacement Devices Market by Product Type (Total Hip Replacement System, Partial Hip Replacement System, Hip Revision System, and Hip Resurfacing System), Fixation (Cemented and Non-Cemented), End-User (Hospitals, Orthopedic Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the product type segment of hip reconstruction/replacement devices, total hip replacement system category is expected to have a significant revenue share in the year 2023. The rapid growth of this product category can be attributed to the features of the total hip replacement system category.
These are designed to address severe hip joint damage. The total hip replacement system includes a femoral component and an acetabular component. The femoral component consists of a metal stem that is inserted into the thigh bone, a metal or ceramic ball that replaces the damaged hip socket, and a neck that connects the ball to the stem. The acetabular component is a cup-shaped device that fits into the pelvic bone socket, often lined with a durable material such as polyethylene, ceramic, or metal to reduce friction.
Total hip replacement systems are engineered to replicate the natural movement of the hip joint, providing stability and flexibility. The materials used are selected for their durability and biocompatibility, ensuring that the implant integrates well with the surrounding bone and minimizes the risk of rejection or complications.
Increased positive product activities by the market player are likely to drive the market for this category. For example, in August 2022, Exactech, a developer and producer of innovative implants, instrumentation, and smart technologies for joint replacement surgery, announced the successful completion of the first surgeries using the Spartan(TM) Stem and Logical(TM) Cup System for total hip replacement.
Therefore, owing to the above-mentioned factors, the demand for the total hip replacement system category upsurges, thereby the category is expected to witness considerable growth eventually contributing to the overall growth of the hip reconstruction/replacement devices market during the forecast period from 2024 to 2030.
North America is expected to dominate the overall hip reconstruction/replacement devices market:
Among all the regions, North America is expected to dominate the hip reconstruction/replacement devices market in the year 2023 and is expected to do the same during the forecast period from 2024 to 2030. This is due to the high incidence of hip fractures and avascular necrosis. Escalating healthcare costs, advancements in product development, and the introduction of innovative technologies by key market players in the region is expected to drive the market for hip reconstruction/replacement devices during the forecast period from 2024 to 2030.
According to data from the American Academy of Orthopaedic Surgeons (2024), annually, over 300,000 individuals in the U.S. experience a hip fracture, with the majority occurring in those aged 65 and older due to falls in the home or community. Moreover, the National Institute of Health (2023) estimated that a patient incurs costs of USD 40,000 in the first year after a hip fracture, with the annual expense for hip fracture care in the U.S. exceeding USD 17 billion. Hip reconstruction and replacement devices play a crucial role in managing hip fractures, especially among older adults. They are used to restore mobility and function, significantly impacting recovery and reducing long-term healthcare costs.
As per data from the National Institute of Health (2023), it stated that in the United States, avascular necrosis of the femoral head is estimated to affect between 20,000 and 30,000 new patients each year. This condition contributes to the overall number of total hip arthroplasties performed annually, which totals approximately 250,000 procedures.
Rising product developmental activities by regulatory bodies in the region will further boost the market for hip reconstruction/replacement devices. For example in March 2024, Ortho Development Corporation, a designer and manufacturer of orthopedic implants and instruments for hip and knee joint replacement surgery, announced the receipt of U.S. Food and Drug Administration (FDA) 510(k) clearance for the Trivicta(TM) Hip System. The clearance was granted for the triple-taper femoral stem, which was designed to provide an optimal fit within the canal for a wide range of patient anatomies.
In addition to this, in March 2022, Stryker announced the launch of the Insignia hip stem for total hip and hemiarthroplasty procedures. The Insignia stem was designed to be compatible with Stryker's Mako SmartRobotics platform, which utilizes Total Hip 4.1 software. This integration allowed surgeons to use data from a 3D, CT-based plan to capture each patient's unique anatomy.
Additionally, the presence of key players such as Zimmer, Stryker, Johnson and Johnson Services, Inc., Exactech, Inc, among others in the region is also a driving factor for the hip reconstruction/replacement devices market as they hold significant revenue shares.
Therefore, the interplay of all the aforementioned factors above would provide a conducive growth environment for the North America region in the hip reconstruction/replacement devices market.
Hip Reconstruction/Replacement Devices Market key players:
Some of the key market players operating in the Hip Reconstruction/Replacement Devices market include Zimmer Biomet, Stryker Corporation, Smith & Nephew, Exactech, Inc, Johnson & Johnson Services, Inc, Corin, Microport Scientific Corporation, Conformis, B. Braun Melsungen AG, Medacta International, DJO LLC, United Orthopedic Corporation, Meril Life Sciences Pvt. Ltd, Advin Health Care, Auxein Medical, MatOrtho Limited, Surgival, Amplitude, DEDIENNE SANTE, Merete GmbH, and others.
Recent Developmental Activities in the Hip Reconstruction/Replacement Devices Market:
Key Takeaways from the Hip Reconstruction/Replacement Devices Market Report Study
Target audience who can be benefited from this Hip Reconstruction/Replacement Devices Market Report Study
Frequently Asked Questions for the Hip Reconstruction/Replacement Devices Market:
Hip reconstruction/replacement devices are the prostheses used to replace the damaged hip cartilage and bone caused due to musculoskeletal disease or aging. There are various replacement devices such as total hip replacement implants, hip revision implants, among others.
The hip reconstruction/replacement devices market was valued at USD 8.82 billion in 2023, growing at a CAGR of 5.04% during the forecast period from 2024 to 2030 to reach USD 11.83 billion by 2030.
The hip reconstruction/replacement devices market is growing significantly due to the rising global incidence of osteoarthritis and osteoporosis, increasing numbers of hip fractures, coupled with advancements in joint-replacement technology and innovative product developments by leading companies are expected to escalate the demand for hip reconstruction/replacement devices during the forecast period from 2024 to 2030.
Some of the key market players operating in the hip reconstruction/replacement devices market include Zimmer Biomet, Stryker Corporation, Smith & Nephew, Exactech, Inc, Johnson & Johnson Services, Inc, Corin, Microport Scientific Corporation, Conformis, B. Braun Melsungen AG, Medacta International, DJO LLC, United Orthopedic Corporation, Meril Life Sciences Pvt. Ltd, Advin Health Care, Auxein Medical, MatOrtho Limited, Surgival, Amplitude, DEDIENNE SANTE, Merete GmbH, and others.
Among all the regions, North America is estimated to hold a significant revenue share in the hip reconstruction/replacement devices market. This can be ascribed to the high incidence of hip fractures and avascular necrosis. Escalating healthcare costs, advancements in product development, and the introduction of innovative technologies by key market players in the region are expected to drive the market for hip reconstruction/replacement devices during the forecast period from 2024 to 2030.