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Technological Advancements to Influence Hips And Knees-Reconstructive Market Growth( 2017-2027)

09-18-2017 01:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Technological Advancements to Influence Hips

Hip and knee reconstruction is a surgical procedure for patients who have unmanageable hip and knee pain. Reconstruction is done when hip is not centered but also not dislocated; it can be centered by minor surgery. Knee reconstruction involves placing a graft inside the knee with the help of minor arthroscopic surgery. Hip reconstruction and hip replacement are performed in the case of hip problems such as hip fracture, hip arthritis and during osteonecrosis. Osteonecrosis is a condition during which inadequate blood is supplied to the ball of the hip point. Companies are focusing on new technological advancement to improve functionality and life of the implants, promote faster healing to regain quality of patient life.

Total hip replacement surgery is done when hip cartilage is deteriorated beyond repair, and it involves surgical removal of the neck of the femur. In hip resurfacing only joint’s articular surface are replaced. Nowadays hip resurfacing has been emerged as an attractive option among youngsters, with arthritis of the hip. The most common problem after hip replacement is hip dislocation and later complication includes an inflammatory reaction that causes an implant to loosen, to treat inflammatory complication anti-inflammatory medications are prescribed or recommend revision surgery is performed.

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When the knee is injured beyond repair, the goal of the treatment is to return the patient to its normal daily activity either by knee reconstruction or knee replacement. Treatment option available for the knee are conservative treatment and surgical treatment. Those patients, who are involved in any activity demanding stable knee, surgical reconstruction is recommended. In knee reconstruction, a graft is placed inside the knee by arthroscopic surgery. Knee reconstruction has greater than 90% success rate with gradual deterioration over time. Proper monitoring of implant is done, and according to the result, advice is given to return to the physical activity. Most commonly knee pain is caused by arthritis. It is estimated that every year about two million patients receives total, partial knee replacement. These days due to new technological advancement, risks related to the infection have reduced significantly. Pipeline and clinical research are on the way with new materials; that causes fewer complications and last longer. In U.K hip replacements are performed since the 1960s and Knee, and Ankle replacements are performed since 1970s. According to National Joint Registry about 160,000 total hip and knee replacement surgery are performed each year in England and Wales.

The global market for hips and knees-reconstructive market is segmented on basis of product type,fixation type, material type, end user and geography:

Segment by Product Type

Total Hip Reconstruction Implants

Partial Hip Reconstruction Implants

Total Knee Reconstruction Implants

Partial Knee Reconstruction Implants

Revision implants

Segment by Fixation Type

Cemented

Cement less

Hybrid

Segment by Material Type

Metal-on-Polyethylene

Metal-on-Metal

Ceramic-on-Polyethylene

Ceramic-on-Ceramic

Segment by End User

Hospitals

Orthopedic Clinics

Ambulatory Surgical Centers

Based on the Product type, the global hips and knees-reconstructive market is segmented into total hip reconstruction implants, partial hip reconstruction implants, total knee reconstruction implants, partial knee reconstruction implants and revision implants. Based on the fixation type, the global hips and knees-reconstructive market is segmented into cemented, cement less and hybrid. Based on the material type, the global hips and knees-reconstructive market is segmented into metal-on-polyethylene, metal-on-metal, ceramic-on-polyethylene and ceramic-on-ceramic. Based on the end user the market is segmented in to hospitals, orthopedic clinics and ambulatory surgical centers.Increasing prevalence of hip related disorders such as hip osteoarthritis, rheumatoid arthritis, avascular necrosis or aseptic necrosis, hip dysplasia, and other forms hip bone disorder fuels the demand for hip replacement surgeries across the globe. Minimally invasive surgeries are becoming increasingly popular in order to facilitate rehabilitation and fast-track surgery in younger patients.

By regional presence, the global hips and knees-reconstructive market segmented into five broad regions viz. North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. North America is leading the hips and knees-reconstructive market, as growth in the U.S. hip replacement market is aided by rise in number of arthritis, hip injuries, trauma and minimally invasive surgical procedures. Asia Pacific market is anticipated to grow at the fastest growth rate during the forecast period, owing to factors such increasing life expectancy and growing aging population.

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Key Market Players

Some of the major players in Hips and Knees-Reconstructive market are Smith & Nephew, Braun Melsungen AG, Autocam Medical, Medtronic, Stryker, Zimmer Biomet, RTI Surgical, Exactech, Inc., Response Ortho and others.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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