The LAMEA Hip Replacement Implants Market would witness market growth of 6.1% CAGR during the forecast period (2019-2025). The Total Hip market dominated the Brazil Hip Replacement Implants Market by Product in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $43.1 million by 2025, growing at a CAGR of 4.6 % during the forecast period. The Partial Femoral Head market is expected to witness a CAGR of 6.2% during (2019 - 2025).
The market is segmented based on application into Metal-on-polyethylene (MOP), Metal-on-metal (MOM), Ceramic-on-metal (COM) and Ceramic-on-ceramic (COC). The largest share of revenues for 2018 was held by the Metal-on-polyethylene sub-segment. It is among the most economically efficient implants, and its advantages include fewer wear particles and fewer complications.
The market is expected to grow at a rapid pace with the prevalence of affordable healthcare facilities in advanced economies and technological advancements in minimally-invasive surgeries. The development of non-metallic materials, like polymer and ceramic, will aid resolve conventional instrument-related problems like increased blood metal ions in the patient's bloodstream and a long time implant deterioration. The newer procedures have reduced hospital stay to less than 4 days after completing hip replacement surgery.
Moreover, over the prediction period, an increasing percentage of older people with degenerative diseases is expected to have a positive effect on market growth. The success rate of minimally-invasive surges, which is expected to provide lucrative growth leads to this industry, has been boosted by an increasing number of robot-assisted surgeries.
Standard implant components are popularly known by the names of Polyethylene and Metal on Polyethylene (MOP), Metal on Metal (MOM), and Ceramic on Metal (COM). The metal on metal component contains socket and ball, which are made of metal. Metal components can also be a mix of metals like cobalt-chromium alloys, titanium, or cobalt mixed metals. The socket or acetabular liner is made from the high-quality polyethylene metal-free plastic. Additionally, other components are made of metal have a plastic coating.
The report highlights the adoption of Hip Replacement Implants in LAMEA. Based on Application, the market is segmented into Metal-on-Metal, Metal-on-Polyethylene, Ceramic-on-Polyethylene, Ceramic-on-Metal and Ceramic-on-Ceramic. Based on Product, the market is segmented into Total Hip, Partial Femoral Head, Hip Resurfacing and Revision Hip. Based on End Use, the market is segmented into Orthopedic Clinics, Hospitals & Surgery Centers and Other End Use. The report also covers geographical segmentation of Hip Replacement Implants market. The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA.
Key market participants profiled in this report includes Zimmer Biomet Holdings, Inc., Stryker Corporation, MicroPort Scientific Corporation, Smith & Nephew PLC, ConMed Corporation, B. Braun Melsungen AG, Exactech, Inc., Corin Group PLC, Colfax Corporation (DJO Global, Inc.) and Johnson & Johnson.
Market Segmentation:
By Application
By Product
By End Use
By Country
Companies Profiled
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