Femoral Head Prostheses Market Size, Share, Competitive Landscape and Trend Analysis Report, by Material, by End users : Global Opportunity Analysis and Industry Forecast, 2024-2033

Key Market Dynamics 

The market for femoral head prostheses is significantly influenced by the rise in the prevalence of orthopedic diseases such as rheumatoid arthritis, bone sarcoma, and osteoarthritis. The hip replacement is a major surgical procedure generally recommended for severe hip pain and hip damage. In addition, an increase in the prevalence of bone and joint cancer contributes in the femoral head prostheses market forecast. The bone sarcoma is responsible for bone and joint damage. The increasing geriatric population drives the growth of the market. The elderly people are more susceptible for orthopedic diseases and bone joints problems. Thus, increase in geriatric population indicates the rise in prevalence of chronic diseases. The elderly people have lower ability to replenish the bone, which leads to bone fractures.

In addition, elderly people are prone to frequent falls due to poor balance, physical illness, medications, deteriorating vision, and environmental hazards. Lack of protective mechanisms, such as use of the hands to break a fall and lack of coordination contribute to the increased incidence of fractures in the elderly. Thus, the rise in the geriatric population boosts the femoral head prostheses market opportunity. The increase in number of R&D activities for the development of advanced hip replacement procedures drives the growth of market. The technological assistance such as navigation software and robotic tools for the hip replacement procedures further contributes in the growth of market. 

Patent Analysis, 2015-2024 

Although the femoral head prostheses market size growth has been more rapid in recent years, the industry can draw on the patents filed by various companies across various countries. For instance, patents filed by China dominated the same with a 28.7% share, the U.S. holds a share of about 20% and the Patent Cooperation Treaty (PCT) holds a share of about 11.3%.

Market Segmentation 

The femoral head prostheses market size is segmented by material, end user, and region. Depending on the material, it is classified into metal-on-metal, metal-on-polyethylene, ceramic-on-metal, and others. Based on end users, the market is categorized into hospitals, orthopedic clinics, and ambulatory surgical centers. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Regional/Country Market Outlook 

North America accounted for a major femoral head prostheses market share owing to the presence of several major players, availability of advanced healthcare facilities; and high healthcare infrastructure expenditure by the government organizations in the region which drive the growth of the market.?Moreover, this is attributed to the rise in incidences of chronic diseases, and the strong presence of key market players in the region. 

Asia-Pacific femoral head prostheses market share is estimated to grow with the highest CAGR during the forecast period, owing to enhancements in healthcare facilities, increase in incidences of hip injury, growth in geriatric population and high population base. In addition, this region offers lucrative opportunities for the femoral head prostheses market key players, owing to a rising awareness of advanced medical technologies. Companies are focusing on this region to expand their market presence.

Industry Trends 

• Innovations in the development of new materials, such as ceramic, highly cross-linked polyethylene, and advanced metal alloys, have improved the durability and biocompatibility of femoral head prostheses 

• Minimally invasive surgical techniques reduce hospital stays and accelerate patient recovery, making hip replacement surgeries more attractive. 

Competitive Landscape 

The major players operating in the femoral head prostheses market are Johnson & Johnson, Smith & Nephew PLC, Zimmer Biomet Holdings Inc., Gruppo Bioimpianti s.r.l., Corin Group PLC, Medacta International, Exactech Inc., Altimed JSC, Amplitude SAS, and Elite Surgical Private Limited. 

Recent Developments in the Femoral Head Prostheses Industry

• In August 2023, Smith+Nephew announced the launch of its OR3O Dual Mobility System for use in primary and revision hip arthroplasty in India. Compared with traditional solutions, dual mobility implants have a small diameter femoral head that locks into a larger polyethylene insert increasing stability, reducing dislocation risk, and offering improved range of motion. 
• In November 2021, a zirconium-niobium alloy femoral head, designed and developed by Suzhou Minimally Invasive Orthopedics (Group) Co., Ltd. (MicroPort?Orthopedics) , was given access by the National Medical Products Administration (NMPA) of China to enter the ‘Green Path’, the special approval procedure for innovative medical devices. 

Key Sources Referred 

• National Center for Biotechnology Information 
• World Health Organization (WHO)  
• National Library of Medicine 
• The United States Food and Drug Administration 
• U.S. Department of Health & Human Services 
• Centers for Disease Control and Prevention 
• Australian Institute of Health and Welfare 
• Johns Hopkins Medicine 
• National Centre for Disease Control (NCDC)  
• Australian Government Department of Health and Aged Care? 
• Government of Canada's Health and Wellness? 
• Ministry of Health and Family Welfare (MoHFW) ? 
• National Health Mission (NHM) ? 
• Ayushman Bharat - Health and Wellness Centers (AB-HWCs) ?

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the femoral head prostheses market analysis from 2024 to 2033 to identify the prevailing femoral head prostheses market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the femoral head prostheses market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global femoral head prostheses market trends, key players, market segments, application areas, and market growth strategies.