Report Feature
The technologies in hip replacement have undergone significant change in recent years, with ceramic-on-ceramic to metal-on-metal implant. The rising wave of new material technologies such as metal-on-metal, metal-on-polyethylene, and ceramic-on-polyethylene are creating significant potential for advanced hip replacement in various medical platforms due to better patient outcomes and reduced post-surgical complications.
In hip replacement market, various material technologies such as metal-on-metal, metal-on-polyethylene, ceramic-on-metal, ceramic-on-polyethylene, and ceramic-on-ceramic material technologies are used in the femoral reconstruction and acetabular reconstruction applications. The rising pool of hip fractures, increasing geriatric population, and high prevalence of lower extremity conditions such as osteoarthritis (OA), osteoporosis, and hip ailments are creating opportunities for various hip replacement technologies.
Some of the latest technological developments by various countries in the hip replacement market are as follows:
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global hip replacement technology by application, material technology, and region as follows:
Technology Readiness by Material Technology
Competitive Intensity and Regulatory Compliance
Disruption Potential by Material Technology
Trends and Forecasts by Material Technology [$M shipment analysis from 2018 to 2030]:
Latest Developments and Innovations in the Hip Replacement Technologies
Companies / Ecosystems
Strategic Opportunities by Material Technology
Some of the hip replacement companies profiled in this report include B. Braun Melsungen, Corin, Depuy Synthes, DJO Global, Exactech, MicroPort Scientific Corporation, Smith & Nephew, Stryker Corporation, and Zimmer Holdings.
Below are the latest technological developments from top companies in the hip replacement market:
Q.1 What are some of the most promising and high-growth technology opportunities for the hip replacement market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in hip replacement market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in hip replacement market?
Q.6 What are the latest developments in hip replacement technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this hip replacement market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this hip replacement technology space?
In hip replacement market, various material technologies such as metal-on-metal, metal-on-polyethylene, ceramic-on-metal, ceramic-on-polyethylene, and ceramic-on-ceramic material technologies are used in the femoral reconstruction and acetabular reconstruction applications. The rising pool of hip fractures, increasing geriatric population, and high prevalence of lower extremity conditions such as osteoarthritis (OA), osteoporosis, and hip ailments are creating opportunities for various hip replacement technologies.
Some of the latest technological developments by various countries in the hip replacement market are as follows:
- United States: Zimmer Biomet, a leading medical device company, launched its new G7™ ceramic-on-ceramic bearing surface technology in the US. This innovation promises improved wear resistance and longevity for hip implants.
- France: Exotec, a French medical device company, received government approval for its Additively Manufactured (AM®) partial hip replacement system. This minimally invasive technology aims for faster recovery times.
- China: China's National Health Commission announced plans to invest in domestic production of high-quality hip replacement implants. This initiative aims to reduce reliance on imported technologies and improve affordability for patients.
- Japan: Osseus Holdings, a Japanese medical device company, partnered with Toshiba to develop an AI-assisted surgical navigation system for hip replacement procedures. This technology promises improved precision and accuracy for surgeons.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global hip replacement technology by application, material technology, and region as follows:
Technology Readiness by Material Technology
Competitive Intensity and Regulatory Compliance
Disruption Potential by Material Technology
Trends and Forecasts by Material Technology [$M shipment analysis from 2018 to 2030]:
- Metal-on-Metal Based Implant
- Metal-on-Polyethylene Based Implant
- Ceramic-on-Metal Based Implant
- Ceramic-on-Polyethylene Based Implant
- Ceramic-on-Ceramic Based Implant
-
Femoral Reconstruction
- Metal-on-Metal Based Implant
- Metal-on-Polyethylene Based Implant
- Ceramic-on-Metal Based Implant
- Ceramic-on-Polyethylene Based Implant
- Ceramic-on-Ceramic Based Implant
-
Acetabular Reconstruction
- Metal-on-Metal Based Implant
- Metal-on-Polyethylene Based Implant
- Ceramic-on-Metal Based Implant
- Ceramic-on-Polyethylene Based Implant
- Ceramic-on-Ceramic Based Implant
-
North America
- United States
- Canada
- Mexico
-
Europe
- United Kingdom
- Germany
- France
-
Asia Pacific
- Japan
- China
- South Korea
- India
- The Rest of the World
Latest Developments and Innovations in the Hip Replacement Technologies
Companies / Ecosystems
Strategic Opportunities by Material Technology
Some of the hip replacement companies profiled in this report include B. Braun Melsungen, Corin, Depuy Synthes, DJO Global, Exactech, MicroPort Scientific Corporation, Smith & Nephew, Stryker Corporation, and Zimmer Holdings.
Below are the latest technological developments from top companies in the hip replacement market:
- Zimmer Biomet received FDA approval for their "Veritas" hip replacement system. This next-generation system boasts extended implant longevity and improved bone preservation through innovative design features.
- Stryker announced collaboration with the Mayo Clinic to research and develop next-generation ceramic-on-polyethylene bearings with a focus on reducing wear and tear.
- Exactech invested $20 million in expanding their manufacturing facility for polyethylene liners, indicating a strong focus on this segment.
- Johnson & Johnson announced a halt to sales of their ceramic-on-metal hip implants. However, the company is still actively involved in research for improved bearing materials.
- Smith & Nephew launched their "Oxinium Elite" ceramic-on-ceramic hip system. This implant boasts a proprietary surface treatment that enhances wear resistance and longevity.
Q.1 What are some of the most promising and high-growth technology opportunities for the hip replacement market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in hip replacement market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in hip replacement market?
Q.6 What are the latest developments in hip replacement technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this hip replacement market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this hip replacement technology space?
Table of Contents
1. Executive Summary 2. Technology Landscape 2.1. Technology Background and Evolution 2.2. Technology and Application Mapping 2.3. Supply Chain
3. Technology Readiness 3.1. Technology Commercialization and Readiness 3.2. Drivers and Challenges in Hip Replacement Technologies 3.3. Competitive Intensity 3.4. Regulatory Compliance
4. Technology Trends and Forecasts Analysis from 2018-2030 4.1. Hip Replacement Opportunity 4.2. Technology Trends (2018-2023) and Forecasts (2024-2030)
5. Technology Opportunities (2018-2030) by Region 5.1. Hip Replacement Market by Region 5.2. North American Hip Replacement Technology Market
6. Latest Developments and Innovations in the Hip Replacement Technologies 7. Companies / Ecosystem 7.1. Product Portfolio Analysis 7.2. Market Share Analysis 7.3. Geographical Reach
8. Strategic Implications 8.1. Implications 8.2. Growth Opportunity Analysis
9. Company Profiles of Leading Players 9.1. B. Braun Melsungen 9.2. Corin 9.3. Depuy Synthes 9.4. DJO Global 9.5. Exactech 9.6. MicroPort Scientific Corporation 9.7. Smith & Nephew 9.8. Stryker Corporation 9.9. Zimmer Holdings
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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