Global Femoral Head Prostheses Market 2019-2023 | Increasing Focus on Robotic Hip Replacement Surgeries to Boost Growth | Technavio

Technavio has released a new market research report on the global femoral head prostheses market from 2019-2023. (Graphic: Business Wire)

LONDON--()--The global femoral head prostheses market is expected to post a CAGR of over 3% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the advances in femoral head prostheses. The market is witnessing significant technological advances in hip implantation procedures in terms of technology, materials, surgical techniques, methods of fixation and sterilization of prostheses. Currently, manufacturers are developing femoral head prostheses with a new type of plastic liner, called the highly cross-linked PE liner, which significantly slows down the wearing out of implants. It also virtually eliminates osteolysis for up to ten years after the surgery. There is also an increased focus on R&D of new femoral head prostheses materials. The use of computer-aided design and modular components is also helping to assure a secure fit of implants. Furthermore, new surgical techniques enable hip replacement surgeries to be performed through smaller incisions, which facilitates short hospital stays, reduced blood loss, less pain, and a quick return to normal work. Therefore, such advances are increasing the adoption of femoral head prostheses, which, in turn, is driving market growth.

As per Technavio, the increasing focus on robotic hip replacement surgeries will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global femoral head prostheses market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Femoral Head Prostheses Market: Increasing Focus on Robotic Hip Replacement Surgeries

Robotic hip replacement surgeries are increasingly gaining prominence across the world. Robotic platforms allow clinicians to customize hip replacement surgeries to closely match patients' unique anatomy and place precisely fitting, long-lasting, and well-functioning implant prostheses. These systems improve the outcomes of hip replacement surgeries as they can be performed with smaller incisions, lower blood loss, and reduced damage to the surrounding tissues. Moreover, several vendors are focusing on R&D to develop surgical robots for the correct positioning of the components during hip replacement procedures. Thus, such developments are expected to boost market growth during the forecast period.

“Apart from the increasing focus on robotic hip replacement surgeries, some other factors boosting the growth of the market are increasing demand for femoral head prostheses of 28mm or lesser and the increasing number of femoral head replacement surgeries,” says a senior analyst at Technavio.

Global Femoral Head Prostheses Market: Segmentation Analysis

This market research report segments the global femoral head prostheses market by material (ceramic femoral head prostheses, metal femoral head prostheses, and ceramicised metal femoral head prostheses) and geographical regions (North America, Europe, Asia, and ROW).

The North American region led the market in 2018, followed by Europe, Asia, and ROW respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market and register the highest incremental growth due to increased adoption of advanced femoral head prostheses, improved healthcare infrastructure, and the high prevalence of orthopedic disorders in the region.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global femoral head prostheses market is expected to post a CAGR of over 3% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com