The Acetabular Cups Market to gain from rapid technological upgrades in the acetabular cups production technology. Recently Fortune Business Insights announced a report, titled “Acetabular Cups Market Size, Share and Global Trend by Application (Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement), By Material (Metals, Non-Metals), By End User (Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centers) and Geography Forecast till 2026.”
Some of the Main Key Players Covered in the Report
- Zimmer Biomet
- Johnson & Johnson Services Inc(DePuy Synthes),
- Smith & Nephew,
- Corin, Ortho Development,
- Medacta International,
- Merete GmbH
- Exactech Inc
As per the American Joint Replacement Registry, in 2016 in the U.S. approximately 8,60,000 knee and hip arthroplasty procedures were reported. This is anticipated to fuel the demand for acetabular cups in the market. The report classifies the global market in various segments. Among the regional segment, North America held a considerable share in the market in 2018.
The increasing number of hip surgeries taking place in the region is likely to contribute towards market expansion. As per the National Joint Registry (NJR), every year in the Wales and England approximately 1,60,000 knee and hip replacement procedure are performed. This is further expected to enable growth in the market and facilitate adoption of acetabular cups.
Asia Pacific is foreseen to witness promising growth during the forecast period. The market is likely to gain from improving healthcare infrastructure in the region.
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Increasing Cases of Fracture to Drive Market
Rising willingness to spend on quality healthcare services and the increasing cases of hip and knee fracture are a few key factors expected to drive the global acetabular cups market. Additionally, introduction of 3-D printing in the market has changed the scenario and leading to high adoption of customized acetabular cups. For instance, Stryker introduced Trident II Acetabular System, in 2018. It is developed using additive manufacturing technology, which offers various femoral size variants.
Increasing adoption of robot assisted surgical procedure is a factor expected to fuel the demand for acetabular cups in the global acetabular cups market.
Rigid governments policies associated with the use of prosthetic products and high cost associated with surgical procedure are some factors that may restrain the global market.
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