LONDON--(BUSINESS WIRE)--The global femoral stems market size is poised to grow by USD 378.6 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 4% during the forecast period.
Read the 129-page research report with TOC on "Femoral Stems Market Analysis Report by fixture (cementless femoral stems, and cemented femoral stems), and geographical regions (North America, Europe, Asia, and ROW) 2019 - 2023" Request a Free Sample Report
The market is driven by the advances in femoral stems. In addition, an increase in total hip replacement (THR) surgeries is expected to further boost the growth of the femoral stems market.
The femoral stems market has undergone significant improvements in terms of product design and materials. In terms of materials, tapered titanium stems are being used that offer advantages such as ease of insertion, less stress shielding of the proximal bone, and versatility to accommodate various types of patients, including those with inflammatory arthritis, or obesity. Such efforts to bring advanced technologies will drive the demand for femoral stems during the forecast period.
The growing prevalence of orthopedic disorders and the rapidly growing geriatric population are resulting in an increase in the number of hip replacement surgeries across the world. Currently, THRs account for a majority of the hip replacement surgeries performed. A significant proportion of patients younger than 65 years of age are also increasingly undergoing THR procedures. Thus, the increasing number of hip replacement surgeries are expected to drive the growth of the global femoral stems market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- B.Braun Melsungen AG
- Johnson & Johnson Services Inc.
- Smith & Nephew Plc
- Stryker Corp.
- Zimmer Biomet Holdings Inc.
Market Segmentation by Fixture:
The femoral stems market can be broadly categorized into the following segments:
- Cemented femoral stems
- Cementless femoral stems
Key Regions for the Femoral stems Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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. Request a free sample report
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