Hips and Knees Reconstructive Market

Hips & Knees Reconstructive Market: Hybrid Segment to Remain Second Most Attractive Fixation Type During the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 – 2027)

  • 2017-10-18
  • REP-GB-2717
  • 250 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Hips And Knees Reconstructive Market

This study offers a comprehensive, 360 degree analysis on the Hips And Knees Reconstructive market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Hips And Knees Reconstructive market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Hips & knees reconstructive market: Introduction

According to the FDA, hip implants are medical devices intended to restore and relieve mobility and relieve pain usually associated with arthritis and hip diseases or injuries. Currently there are five types of total hip replacement available with different bearing surfaces. Metal-on-Polyethylene – The ball is made of metal and the socket is made of polyethylene or has a plastic lining. Metal-on-Metal – The ball and socket are made of metal. Ceramic-on-Polyethylene – The ball is made of ceramic and the socket is made of plastic or has a plastic lining. Ceramic-on-Ceramic – The ball is made of ceramic and the socket has a ceramic lining. Ceramic-on-Metal – The ball is made of ceramic and the socket has a ceramic lining.

Knee implants are used to replace or restore damaged knee joints. Mostly knee reconstruction is done to relieve pain and to restore functions in an arthritic knee. Knee replacement includes reconstruction of the medial compartment (inside part of the knee), lateral compartments (the outer part), and the patellofemoral compartment (front part of the knee between the knee cap and thigh bone). Fixed-Bearing Implants – Polyethylene of the tibial component is attached firmly to the metal implant beneath. Mobile-Bearing Implants – Polyethylene insert can rotate short distances inside the metal tibial tray. Mobile bearing implants require more support from ligaments surrounding the knee.

Global market value and forecast

The global hips & knees reconstructive market is projected to expand at a CAGR of 6.4% during the forecast period and is expected to be valued at around US$ 28 Bn by the end of the forecast period in 2027.

Factors boosting revenue growth of the global hips & knees reconstructive market

Growth of the global hips & knees reconstructive market is primarily driven by increasing awareness towards treatment in both developed and developing countries. Governments across the globe are taking collaborative initiatives to sustain the growing demand for hip & knee implants. For instance, in 2013, Medicare spent around US$ 7 Bn on hip and knee replacements. Moreover, an estimated 255 of the 400,000 such surgeries performed annually would become covered under the new payment model of CMS (Centers for Medicare & Medicaid Services) in the near future. According to the World Bank, Asia Pacific and European countries are witnessing a spur in FDI. Developing regions such as India, Malaysia, Indonesia and Mexico have outstripped economic growth compared to developed regions. This, in turn, is expected to drive growth in investment across various healthcare sectors in these countries. This is anticiapted to boost revenue growth of the global hips & knees reconstructive market in the coming decade.

Market forecast by fixation type

Based on fixation type, the global hips & knees reconstructive market is segmented into cement, cementless and hybrid fixations. In terms of revenue share, the cementless fixation segment dominated the global hips & knees reconstructive market in 2016 and is expected to continue its dominance throughout the forecast period, registering a CAGR of 6.4% in terms of value. Cementless fixation type is expected to account for a major share throughout the forecast period due to high penetration among the patient population. Cementless is the most attractive segment, with an attractiveness index of 1.3 during the forecast period. The hybrid segment accounted for 28.1% value share in 2016 and is projected to account for 29.9% share by 2027 end. The cement segment accounted for 29.9% value share in 2016 and is projected to account for 28.1% share by 2027 end.

Report Description

Future Market Insights (FMI) offers a 10-year forecast of the global hips & knees reconstructive market. The primary objective of the report is to offer updates and information related to market opportunities in the global hips & knees reconstructive market and offer insights on the market dynamics that can influence the growth of the global hips & knees reconstructive market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global hips & knees reconstructive market are also presented in the report. To understand and assess opportunities in this market, the report offers market forecasts on the basis of product type, fixation type, end user and region. The report provides analysis of the global hips & knees reconstructive market in terms of market value (US$ Mn).

Market Taxonomy

By Product Type

By Fixation Type

By End User

By Region

  • Hip Reconstruction

    • Total Hip Reconstruction Implants

      • Metal-on-Polyethylene

      • Metal-on-Metal

      • Ceramic-on-Polyethylene

      • Ceramic-on-Ceramic

      • Others

    • Partial Hip Reconstruction Implants

    • Revision Implants

  • Knee Reconstruction

    • Total Knee Reconstruction Implants

    • Partial Knee Reconstruction Implants

    • Revision Implants

  • Cement 

  • Cementless

  • Hybrid

  • Hospitals

  • Orthopaedic Clinics

  • Ambulatory Surgical Centres

 

  • North America

  • Western Europe

  • Eastern Europe

  • Latin America

  • Asia-Pacific Excluding Japan

  • Japan

  • Middle East & Africa

Report Structure

The report begins with the market definition, followed by definitions of the different hips & knees reconstructive product types. The market dynamics section includes FMI’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the global hips & knees reconstructive market. The report also analyses the market on the basis of fixation type and presents a comprehensive forecast in terms of value for the next 10 years. Next, the report analyses the market on the basis of end user and presents a forecast in terms of value for the next 10 years. The report further analyses the market on the basis of different regions and presents an in-depth forecast in terms of value for the next 10 years.

Research Methodology

We have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify growth opportunities for companies operating in the global hips & knees reconstructive market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered in the global hips & knees reconstructive market. Further, to understand key market segments in terms of their growth and performance in the global hips & knees reconstructive market, Future Market Insights has developed a market attractiveness index to help providers identify existing market opportunities.

Competition Profiling

In the final section of the report, a ‘competitive landscape’ has been included to provide a dashboard view of key companies operating in the global hips & knees reconstructive market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global hips & knees reconstructive market as well as the potential players. This section also includes market strategies and SWOT analysis of the main players operational in the global hips & knees reconstructive market. Detailed profiles of hips & knees reconstructive product manufacturers are also included in the scope of the report to evaluate their product portfolio, long- and short-term strategies and recent market developments.

COVID -19 : Impact Analysis

Request the coronavirus impact analysis across industries and markets

Request Covid -19 Impact

Get in touch

Harish Tiwari

Global Head - Business Development

Akshay Godge

Client Partner - Global Business Development

Our Clients


CASE STUDIES

See how our work makes an impact.

At FMI, we design strategies that are adaptive, impactful, and implementable.

Request Sample Ask An Analyst Request Special Price Request Methodology