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.
Smith & Nephew to Gain from REDAPT’s Launch
The competition in the global acetabular cups market is increasing owing to the prevailing opportunities in the market. Key players are introducing new products and adopting industry leading strategies to gain higher share in the market. For instance, Smith & Nephew launched REDAPT Revision Acetabular Fully Porous Cup in 2016. The product is organization’s first ever 3-D printed titanium hip implant. Key players operating in the global acetabular cups market are Stryker, Zimmer Biomet, Johnson & Johnson Services Inc. (DePuy Synthes), Smith & Nephew, Corin, Ortho Development, Bioimpianti, Medacta International, Merete GmbH, Exactech, Inc.
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.
More Trending Topics From Fortune Business [email protected]
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]