Hip Resurfacing Implants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

PUBLISHED: January 22, 2024

PAGES: 167 Pages

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Description

Hip resurfacing, a surgical technique designed to restore worn-out hip joints rather than replacing them entirely, is facing a period of slow growth, according to a recent report by Fairfield Market Research. The technique involves the smoothing and re-lining of the femoral head with a metal covering, resulting in a larger hip ball and a reduced risk of dislocation. Hip resurfacing aims to improve the quality of life for patients by preserving natural bone while replacing damaged bone and cartilage.

Market Focus on Geographic Expansion and Innovative Products

Leading companies in the hip resurfacing market are concentrating on geographic expansion and the development of innovative products tailored to customer needs in an effort to gain a larger market share. Manufacturers are also dedicated to creating new resurfacing implants through minimally invasive procedures.

Sluggish Growth Expected in Global Market

The global hip resurfacing implants market is anticipated to experience gradual growth during the forecast period from 2024 to 2031. By the end of 2031, it is expected to reach a higher valuation compared to its 2023 value. Challenges such as implant recalls and increasing failure rates have had a dampening effect on revenue growth in the current market environment.

Cobalt Chromium Alloys and Hybrid Alloys Preferred Materials

The choice of material is a critical factor in hip resurfacing implants, and according to research analysis, both hybrid alloy and cobalt chromium alloy materials are extensively used in this field. The hybrid alloy and cobalt chromium alloy segments are expected to grow at the same pace in the coming years, with significant adoption observed in recent times compared to the tin-coated segment.

The hybrid alloy segment is projected to dominate the market by the end of the assessment period. Meanwhile, the cobalt chromium alloy segment is expected to attain a market valuation of around US$ 60 million, making it the second-largest region in terms of value.

In terms of volume, the hybrid alloy segment is set to register a volume CAGR of during the assessment period. The cobalt chromium alloy segment is expected to exhibit the highest growth rate in volume by the end of the assessment year and a high volume CAGR throughout the period.

Market Segmentation

By Material Type

Cobalt Chromium Alloy
Tin Coated
Hybrid Alloy (Cobalt + Titanium)

By End User

Hospitals
Ambulatory Surgical Center
Orthopedic Clinics

By Region

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)

1. Executive Summary

1.1. Global Hip Resurfacing Implants Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Hip Resurfacing Implants Market Outlook, 2018 - 2031

3.1. Global Hip Resurfacing Implants Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Cobalt Chromium Alloy
  - 3.1.1.2. Tin Coated
  - 3.1.1.3. Hybrid Alloy (Cobalt + Titanium)
3.2. Global Hip Resurfacing Implants Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Hospitals
  - 3.2.1.2. Ambulatory Surgical Center
  - 3.2.1.3. Orthopedic Clinics
3.3. Global Hip Resurfacing Implants Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Hip Resurfacing Implants Market Outlook, 2018 - 2031

4.1. North America Hip Resurfacing Implants Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Cobalt Chromium Alloy
  - 4.1.1.2. Tin Coated
  - 4.1.1.3. Hybrid Alloy (Cobalt + Titanium)
4.2. North America Hip Resurfacing Implants Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Hospitals
  - 4.2.1.2. Ambulatory Surgical Center
  - 4.2.1.3. Orthopedic Clinics
4.3. North America Hip Resurfacing Implants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Hip Resurfacing Implants Market Outlook, 2018 - 2031

5.1. Europe Hip Resurfacing Implants Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Cobalt Chromium Alloy
  - 5.1.1.2. Tin Coated
  - 5.1.1.3. Hybrid Alloy (Cobalt + Titanium)
5.2. Europe Hip Resurfacing Implants Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospitals
  - 5.2.1.2. Ambulatory Surgical Center
  - 5.2.1.3. Orthopedic Clinics
5.3. Europe Hip Resurfacing Implants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Hip Resurfacing Implants Market Outlook, 2018 - 2031

6.1. Asia Pacific Hip Resurfacing Implants Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Cobalt Chromium Alloy
  - 6.1.1.2. Tin Coated
  - 6.1.1.3. Hybrid Alloy (Cobalt + Titanium)
6.2. Asia Pacific Hip Resurfacing Implants Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospitals
  - 6.2.1.2. Ambulatory Surgical Center
  - 6.2.1.3. Orthopedic Clinics
6.3. Asia Pacific Hip Resurfacing Implants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Hip Resurfacing Implants Market Outlook, 2018 - 2031

7.1. Latin America Hip Resurfacing Implants Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Cobalt Chromium Alloy
  - 7.1.1.2. Tin Coated
  - 7.1.1.3. Hybrid Alloy (Cobalt + Titanium)
7.2. Latin America Hip Resurfacing Implants Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Hospitals
  - 7.2.1.2. Ambulatory Surgical Center
  - 7.2.1.3. Orthopedic Clinics
7.3. Latin America Hip Resurfacing Implants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Hip Resurfacing Implants Market Outlook, 2018 - 2031

8.1. Middle East & Africa Hip Resurfacing Implants Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Cobalt Chromium Alloy
  - 8.1.1.2. Tin Coated
  - 8.1.1.3. Hybrid Alloy (Cobalt + Titanium)
8.2. Middle East & Africa Hip Resurfacing Implants Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospitals
  - 8.2.1.2. Ambulatory Surgical Center
  - 8.2.1.3. Orthopedic Clinics
8.3. Middle East & Africa Hip Resurfacing Implants Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Nigeria Hip Resurfacing Implants Market End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Hip Resurfacing Implants Market by Material Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.11. Rest of Middle East & Africa Hip Resurfacing Implants Market by End User, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Material Type vs End User Heatmap
9.2. Manufacturer vs End User Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. Zimmer Biomet Holdings, Inc.
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Material Type Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Smith & Nephew
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Material Type Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. MicroPort Scientific Corporation
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Material Type Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Corin Group Plc
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Material Type Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. BioPro
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Material Type Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Implantcast GmBH
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Material Type Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. MatOrtho Limited
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Material Type Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development