Global Femoral Prosthesis Market is expected to foresee significant growth. North America to lead the growth!

• Vikas Kumar
• December 2, 2022
• HEALTHCARE, NEWS
• Biotech GmbH, Corentec Co. Ltd., Corin Group, Femoral Prosthesis Market, Femoral Prosthesis Market Forecast, Femoral Prosthesis Market growth, Femoral Prosthesis Market Share, Femoral Prosthesis Market Size, Femoral Prosthesis Market Trend, Limacorporate S.p.A, Medacta International, Ortho Development, Smith & Nephew plc, Stryker Corporation, SurgTech Inc, Zimmer Biomet Holdings Inc
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Global femoral prosthesis market is expected to register a CAGR of approx. 4% over the period of 2022-2028. Hip replacement surgery involves replacing a damaged hip with an artificial one (prosthesis). Hip replacement surgery can be performed on adults of any age. To create a new hip, four components are implanted during hip replacement: an acetabular component, a plastic liner, the femoral stem, and a femoral head. Femoral head prostheses are ball-shaped structures that are attached to the femoral stem and fit directly into the new socket. Femoral head prostheses come in a variety of shapes and sizes and are primarily made of stainless steel, ceramic, chrome & cobalt alloy, and other materials.  The global femoral prosthesis market is rising due to the increasing prevalence of bone-related problems like osteoporosis, rheumatoid arthritis, etc. around the globe.  For instance, in 2022, according to very wealth.com, More than 22% of American adults (over 52.5 million people) have arthritis or another rheumatic condition diagnosed by a doctor. 7.3% of people aged 18-44 have doctor-diagnosed arthritis; 30.3% of people aged 45-64; and 49.7% of those over 65, and by 2030, the number of people with arthritis (adults 18 years and older) is expected to rise to 67 million. Owing to these glaring statistics the demand for femoral prostheses is anticipated to grow in the forthcoming years mainly in the geriatric population. Moreover, rising investment in R&D concerning prostheses technology and the progression in femoral head prostheses technology are fueling the demand for the femoral prosthesis market. Furthermore, the changing lifestyles also increasing the femoral joint discomfort in the young generation is expected to drive the market for femoral prosthesis market in the coming years.

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Based on the products, the femoral prosthesis market is segmented into fixed-bearing prostheses and mobile-bearing prostheses. The fixed-bearing prostheses segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe because this is a less expensive prosthesis option compared to the mobile-bearing prostheses.

Based on the material, the market is fragmented into metal-on-metal, metal-on-polyethylene, ceramic-on-metal, ceramic-on-polyethylene, and ceramic-on-ceramic. The ceramic-on-polyethylene segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period due to a lack of ‘squeaking’ and less total failure compared to the all-ceramic counterpart

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For a better understanding of the market adoption of femoral prosthesis market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the femoral prosthesis industry owing to due to increased technological interventions in prosthetics as well as favorable health reimbursement.

Some of the major players operating in the market include Stryker Corporation, Zimmer Biomet Holdings Inc, Corin Group, Ortho Development, Smith & Nephew plc, Medacta International, Biotech GmbH, SurgTech Inc, Corentec Co. Ltd., Limacorporate S.p.A

Global Femoral Prosthesis Market Segmentation

Market Insight, by Products

• Fixed-bearing Prostheses
• Mobile-bearing Prostheses

Market Insight, by Material

• Metal-on-metal
• Metal-on-polyethylene
• Ceramic-on-metal
• Ceramic-on-polyethylene
• Ceramic-on-ceramic

Market Insight, by End-Users

• Hospitals
• Orthopedic Clinics
• Ambulatory Surgical Centers
• Others

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Stryker Corporation
• Zimmer Biomet Holdings Inc
• Corin Group
• Ortho Development
• Smith & Nephew plc
• Medacta International
• Biotech GmbH
• SurgTech Inc
• Corentec Co. Ltd.
• Limacorporate S.p.A