Market Research Logo

Global Hip Prosthesis Market 2016-2020

About Hip Prosthesis

Hip replacement surgery is an orthopedic procedure that includes the replacement of the damaged hip joint with a prosthesis made from metal and plastic components. Total hip replacement and partial hip replacement and resurfacing are the two types of hip replacement surgeries. Traditional or MI techniques can perform both surgeries. The surgeries are conducted to relieve patients from arthritic pain or repair hip fracture.The global hip prosthesis devices market is growing at a slow growth pace. The market is mature in developed countries and has vast opportunities to grow in emerging countries. The THA surgery has evolved in recent years, and the advances in technology have made it possible to improve surgical techniques.

Technavio’s analysts forecast the global hip prosthesis market to grow at a CAGR of 2.57% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global hip prosthesis market for 2016-2020. To calculate the market size, we consider revenue generated from the sales of hip prosthesis devices to hospitals and ambulatory surgical centers (ASCs).The market is divided into the following segments based on geography:

  • Americas
  • EMEA
  • APAC
Technavio's report, Global Hip Prosthesis Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Johnson & Johnson
  • Smith & Nephew
  • Stryker
  • Zimmer Biomet
Other prominent vendors
  • Aesculap Implant Systems
  • Altimed
  • Arthrex
  • B. Braun Medical
  • ConforMIS
  • Corentec
  • Corin
  • Elite Surgical
  • Exactech
  • JRI
  • Lima Corporate
  • Microport
  • Ortho Development
  • Synimed
  • Tornier
Market driver
  • Advances in hip replacement surgery procedures
  • For a full, detailed list, view our report
Market challenge
  • Post-surgery complications and risk of revision surgery associated with hip replacement
  • For a full, detailed list, view our report
Market trend
  • Reimbursement beneficiaries through bundled payment initiative for hip replacement
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Hip Prosthesis Market 2016-2020

Technavio recognizes the following companies as the key players in the global hip prosthesis market: Johnson & Johnson, Smith & Nephew, Stryker, and Zimmer-Biomet.

Other Prominent Vendors in the market are: Aesculap Implant Systems, Altimed, Arthrex, B Braun Medical, ConforMIS, Corentec, Corin, Elite Surgical, Exactech, JRI, Lima Corporate, Microport, Ortho Development, Synimed, and Tornier.

Commenting on the report, an analyst from Technavio’s team said: “Rise in popularity of physician-owned ASCs is a key trend for the market. Many surgeons started practicing MI surgeries in an outpatient setting, especially for bone and spine disorders. Some of the MI hip fracture operations such as total hip replacement and partial hip replacement procedures could be performed in ASCs. Surgeons are already performing lumbar fusions, transforaminal lumbar interbody fusions, and anterior cervical discectomy procedures regularly in few ASCs. This trend will continue, and very soon many complicated open surgeries will undergo a rapid transition into MI surgeries.”

According to the report, increased number of road accidents is a key driver for the market. Globally, around 20-50 million people are estimated to be injured or disabled each year because of road accidents. Road injuries, including fractures, take an enormous toll on an individual's health. In case of severe fractures, patients may take several weeks or months to recover. Economically, people living in middle- and low-income countries are affected the most by such injuries. In case of orthopedic trauma, the healthcare infrastructure in developing countries is required to provide long-term healthcare facilities for individuals with hip, spinal, knee, feet, or ankle injuries.

Further, the report states that high cost of THA procedure is a challenge to market growth. Hip replacement surgeries are expensive. In the US, each surgery costs more than $40,500. The initial cost of a surgery is based on the type of product used. Also, this surgery includes indirect and direct costs such as admission fee, physician fee, and post-hospital rehabilitation expenses. Readmission for treating spinal fusion surgery-associated complications such as pain at bone graft site, nerve injuries, and graft rejection can further increase the costs. Although these surgeries offer quick recovery and better patient outcomes, the majority of people do not opt for these surgeries due to their high cost.

Companies Mentioned

Johnson & Johnson, Smith & Nephew, Stryker, Zimmer-Biomet, Aesculap Implant Systems, Altimed, Arthrex, B Braun Medical, ConforMIS, Corentec, Corin, Elite Surgical, Exactech, JRI, Lima Corporate, Microport, Ortho Development, Synimed, Tornier.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Split of orthopedic devices globally 2015
      • Table List of top vendors in the global orthopedic devices market 2015
      • Table Hip market value chain in 2015
  • Hip prosthesis: An overview
    • Definition
      • Table Types of hip implants
    • Disease overview
      • Table Types of diseases that affect the hip
      • Table Risk factors associated with developing osteoarthritis
      • Table Risk factors associated with incidence of rheumatoid arthritis
    • Reasons for hip replacement surgery
      • Table Causes of hip revision surgery 2014
    • Hip replacement procedure
      • Table Hip replacement procedure
      • Table Comparison of percentage change in artificial hips and knees in reported average real prices by medical device category 2007-2014
      • Table Percentage of musculoskeletal disorders by age 2014
      • Table Total hospital and physician cost: Hip replacement surgery 2014 ($)
  • Market landscape
    • Market overview
      • Table Prevalence of arthritis by body mass index 2012-2014
      • Table Global hip prosthesis market snapshot: Developed and emerging markets
    • Market size and forecast
      • Table Global hip prosthesis market 2015-2020 ($ billions)
      • Table Key takeaways: Global hip prosthesis market 2015
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by surgical procedures
    • Table Global hip prosthesis market segmentation by surgical procedures 2015
    • Global hip prosthesis market segmentation by surgical procedures
    • Global total hip replacement surgery market 2015
      • Table Global total hip replacement surgery market 2015-2020 ($ billions)
      • Table Key takeaways: Global total hip prosthesis market
    • Global partial hip replacement and revision surgery market 2015
      • Table Global partial hip replacement and revision surgery market 2015-2020 ($ billions)
      • Table Key takeaways: Global partial hip replacement and revision surgery market 2015
      • Table Global hip prosthesis market segmentation analysis 2015 and 2020
      • Table Product lifecycle of global hip prosthesis market 2015
      • Table Global hip prosthesis market segmentation by surgical procedures in 2015-2020 ($ billions)
      • Table Global hip prosthesis market segmentation by surgical procedures in 2015-2020 (%)
  • Geographical segmentation
    • Table Overview of the geographical segmentation of the global hip prosthesis market 2015 and 2020
    • Table Regional market lifecycle analysis 2015
    • Table Global hip prosthesis market: Country analysis 2015
    • Hip prosthesis market in Americas
      • Table Hip prosthesis market in Americas 2015-2020 ($ billions)
    • Hip prosthesis market in EMEA
      • Table Hip prosthesis market in EMEA 2015-2020 ($ billions)
    • Hip prosthesis market in APAC
      • Table Hip prosthesis market in APAC 2015-2020 ($ billions)
      • Table Segmentation of global hip prosthesis market by geography 2015-2020 ($ billions)
      • Table Segmentation of global hip prosthesis market by geography 2015-2020 (%)
  • Market drivers
    • Increase in aging population
      • Table Population aged 60 years and above: World, developed, and developing regions (millions)
    • Growing prevalence of arthritis and osteoporosis
    • Advances in hip replacement surgery procedures
    • Increased number of road accidents
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Post-surgery complications and risk of revision surgery associated with hip replacement
    • High cost of THA procedure
      • Table Cost breakdown of a total hip replacement 2014
      • Table Current costs and payments in THA 1990-2020
    • Increasing pricing pressure
    • Rising number of product recalls leading to lower sustainability of major vendors
      • Table Total recalls by top vendors in hip replacement 2003-2013
      • Table Number of product recalls 2003-2013
      • Table Reason for product recalls
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Recent innovation and designs in hip replacement prosthesis to extend lifespan and possibly reduce revision surgery
    • Reimbursement beneficiaries through bundled payment initiative for hip replacement
    • Rise in popularity of physician-owned ASCs
    • Increase in M&A owing to increase in product offering
      • Table Recent M&A in global hip prosthesis market
  • Vendor landscape
    • Competitive scenario
      • Table Global hip prosthesis market revenue of top vendors 2015 ($ billions)
      • Table Global hip prosthesis market shares of top vendors 2015
      • Table Global hip prosthesis market: Competitive landscape 2015
  • Key vendor analysis
    • Johnson & Johnson
      • Table Johnson & Johnson product segments
      • Table Johnson & Johnson: Metrics analysis
    • Smith & Nephew
      • Table Smith & Nephew: Metrics analysis
    • Stryker
      • Table Stryker: Orthopedic segment revenue 2013-2015 ($ billions)
      • Table Stryker: Metrics analysis
    • Zimmer Biomet
      • Table Zimmer Biomet: Product categories
      • Table Zimmer Biomet: Hip segment revenue 2013-2015 ($ billions)
      • Table Zimmer Biomet: Metrics analysis
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report