LONDON--(BUSINESS WIRE)--New market research study by Technavio on the global acetabular prostheses market projects the market to grow at a CAGR of more than 3% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.
Advances in acetabular prostheses
The market is witnessing significant increases in hip implantation procedures in terms of materials, surgical techniques, technology, prevention of complications, methods of fixation and sterilization of prostheses, and peri-operative management. Several manufacturers have made significant improvements in implant materials and the processing methods of implanted parts, which have made them long-lasting, dependable, and durable. Manufacturers are using a new type of plastic called highly cross-linked polyethylene to develop acetabular prostheses. This material slows down the wearing out of implants and virtually eliminates osteolysis for up to 10 years after the surgery. Such advances will play an essential role in the growth of the acetabular prostheses market during the forecast period.
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Use of 3D printing technology in acetabular reconstruction
Acetabular cups were earlier manufactured from titanium alloy casting, after which a micro-porous coating was added to the surface. However, presently, 3D printing technology is being increasingly used for the fabrication of acetabular cups as they offer several advantages over conventional manufacturing techniques. 3D printing technologies require only one step to manufacture acetabular cups, which makes it more efficient than traditional techniques. Furthermore, acetabular cups made using 3D printing technologies are more affordable, have a longer life, and reduce the subsequent risk of complications. Such advantages of using 3D printing technology will further increase its adoption during the forecast period.
According to an analyst at Technavio for health care equipment & supplies, “The number of acetabular cup revision procedures has been increasing significantly over the past decade owing to the rising demand for total revision hip replacement procedures. Most of these revision procedures are performed due to failure of the acetabular components. Moreover, the increasing geriatric population and their preference for an active lifestyle will further propel the demand for acetabular cup revision procedures during the forecast period.”
Fluctuating raw material prices for synthetic acetabular prostheses
The cost involved in hip replacement procedures and acetabular implants is very high, which is restricting their adoption in many developing and developed countries. Patients may also have a financial burden because of the high chances of revision hip replacement procedures due to infection, and the failure of the acetabular component. Despite such challenges, the number of hip replacement procedures is expected to grow significantly due to the growing prevalence of orthopedic diseases and rapidly increasing geriatric population.
Top players in the global acetabular prostheses market:
- B. Braun Melsungen AG
- Johnson & Johnson Services Inc
- Smith & Nephew Plc
- Zimmer Biomet
Some of the key topics covered in the global acetabular prostheses market include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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