Acetabular Prostheses Market is Expected to Reach $13.09 billion by 2031 - Johnson & Johnson Services Inc., Smith + Nephew

The Global Acetabular Prostheses Market was valued at USD $8.36 billion in 2023 and is projected to grow to USD $13.09 billion by 2031, with a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2024 to 2031.

The acetabular prostheses market involves the production and supply of artificial hip socket components used in hip replacement surgery. These prostheses are designed to replace the natural acetabulum when it is damaged or diseased, serving as the pelvic socket that accommodates the femoral ball.

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Key Developments

• August 2023: Smith+ Nephew launched its OR3O dual mobility system for primary and revision hip arthroplasty in India. This system features a dual mobility implant with a small diameter femoral head that locks into a larger polyethylene insert, enhancing stability, reducing dislocation risk, and improving range of motion. The OR3O system is compatible with both primary and revision applications of the R3 acetabular system.

• June 2023: The Asian Orthopedic Institute (AOI) at SIMS Hospital in Chennai, India, unveiled a comprehensive hip surgery unit and introduced four advanced technology services. This launch highlights the integration of cutting-edge innovations for treating hip problems and pathologies.

Market Dynamics:

Advancements in orthopedic technologies
The acetabular prostheses market is experiencing robust growth due to several factors, with the adoption of 3D printing technology being a major driver. This technology is cost-effective, offers greater flexibility, and reduces the risk of complications associated with treatment procedures. It also helps maintain internal support structures in acetabular cups and supports acetabular reconstruction, further fueling market expansion.

Additionally, advancements in 3D printing technology for orthopedic implants are contributing to market growth by improving surgical efficiency, reducing operation time, and minimizing radiation exposure. For example, in July 2021, Dr. Subhash Jangid, Director and Unit Head of the Bone and Joint Institute at Fortis Memorial Research Institute in Gurugram, India, and his team successfully implanted a custom-made 3D-printed hip implant in a 60-year-old Tanzanian patient with a damaged pelvic bone.

Market Segment Analysis

By Product Type: Cemented

By Application: Primary Surgical

By Material: Metal, Non-metal

By End-user: Hospitals, Orthopedic Clinics, Others

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Major Key players

• Johnson & Johnson Services, Inc
• Smith +Nephew
• Stryker
• Zimmer Biomet
• B. Braun SE
• AESCULAP Implant System
• X.NOV
• Exactech, Inc.
• Evolutis
• MicroPort Orthopedics, Inc

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Related Reports:

Hip Replacement Implants Market: https://datamintelligence.com/research-report/hip-replacement-implants-market

Hip Orthosis Market: https://datamintelligence.com/research-report/hip-orthosis-market

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