Hip Resurfacing Implants Market


Hip Resurfacing Implants Market:

Global Industry Analysis and

Forecast 2015 - 2021

P e r s i s t e n c e M a r k e t R e s e a r c h

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Report Media Releases

Hip Resurfacing Implants Market: Global Industry Analysis and

Forecast 2015 - 2021

Hip resurfacing techniques are used to treat hip fractures while avoiding total hip replacement procedure. Hip

resurfacing involves fixing of hollow mushroom shaped cobalt chrome metal cap on the surface of femur and cobalt

chrome metal cup in the pelvis socket. Hip resurfacing surgery involves lesser bone removal as compared to total hip

replacement surgery and reduced risk of hip dislocation. Hip resurfacing surgery is commonly performed on patients

suffering from severe osteoarthritis.

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Healthcare professionals prefer hip resurfacing surgery over total hip replacement surgery due to advantages of this

technique over total hip replacement surgery. Preference given by healthcare professionals to hip resurfacing surgery

and innovations in the hip surgery industry is driving the growth of hip resurfacing implants market. While high

standards for approval of any new product to launch into the market, emerging alternative technologies and intense

competition between market players are restraining growth of this market. Mergers and acquisitions taking place in

the market is one of the major developmental feature of hip resurfacing implants market that has resulted into

intensive market consolidation and high competitive rivalry among the existing players. Based on the type of location

to fix the implant, hip resurfacing implant markets is segmented as follows:

Currently, North America dominates the hip resurfacing implants market followed by Europe. The European hip

resurfacing implants market is growing at slower rate due to ongoing economic upsets in the region. Asia-Pacific is a

lucrative region market considering factors such as increasing healthcare spending and improving healthcare

infrastructure. Some of the major companies contributing to global hip resurfacing implants market are DePuy

Orthopaedics, Inc., Medtronic, Inc., Biomet, Inc., Acumed LLC, Biotronic and Smith and Nephew Plc.

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