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The femoral head prostheses market size is forecast to increase by USD 589.4 million at a CAGR of 4.4% between 2023 and 2028. The market is witnessing significant growth due to the increasing prevalence of osteoarthritis, rheumatoid arthritis, and trauma. According to the World Health Organization, osteoarthritis affects over 32.3% of the population above 60 years, and rheumatoid arthritis affects approximately 0.5 to 1% of the population worldwide. The high incidence of these conditions necessitates the need for hip replacement surgeries, thereby driving the market growth. Furthermore, the focus on robotic hip replacement surgeries is increasing due to their precision, reduced invasiveness, and faster recovery times. However, the high cost of hip replacement surgeries remains a significant challenge for the market, limiting accessibility to a large population.
Despite this, advancements in technology and the development of cost-effective solutions are expected to provide opportunities for market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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