Market Challenges And Opportunities

Rising prevalence of osteoarthritis and increase in hip replacement rate expected to fuel the growth of cementless neck stems market in the near future:

The prevalence of osteoarthritis is increasing due to increase in obese and aging population. As per United Nations, people over 60 years of age will account for over 20% of the world’s population by 2050. Of this, around 15% (130 million people) are projected to suffer from symptomatic osteoarthritis.

According to Organisation for Economic Cooperation and Development (OECD), in OECD countries, the rate of hip replacement is raised by 35% in between 2000 and 2013, furthermore, the highest hip replacement is observed in Switzerland, Germany and Austria in 2013.

Rise in number of hip replacement globally is expected to favor growth of the cementless neck stems market in the near future.