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.
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The region is foreseen to expand during the forecast period 2019-2026. Increasing technological innovations in prosthetics taking place in the region is likely to propel growth in the market. Moreover, favorable reimbursement policies in nations such as the U.S. and Canada is further expected to increase the growth rate in the market. Besides this, the acetabular cups market in Europe is anticipated to progress over the forecast period.
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.
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.
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.
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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.
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