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Pharmacy benefit management market
Direct Anterior Approach Market Report Overview
Global direct anterior approach market size was USD 2.69 billion in 2023 and is projected to touch USD 7.11 billion by 2032, at a CAGR of 11.4% during the forecast period. North America is dominating the direct anterior approach market share in 2023.
The direct anterior approach is a less intrusive technique for performing total hip replacement, and the doctors who use it claim it has benefits over more conventional methods. For instance, the straight anterior approach requires a far smaller incision than the conventional technique, which can be up to 12 inches long. Additionally, healing from surgery is typically speedier. Patients often experience less pain, are able to complete therapy milestones more quickly following the surgery, and can go home quickly than with alternative methods.
The frequency of osteoarthritis is expected to increase, leading to an increase in direct anterior approach surgeries, which is expected to spur market expansion. It is also anticipated that the aging population and increasing patient awareness of these procedures will promote market expansion. Positive health reimbursement regulations are also responsible for the market's expansion. To offer their residents high-quality, reasonably priced healthcare, the governments of numerous countries are introducing health reimbursement schemes. The favorable regulations and improvements affecting health reimbursement are probably going to support the market's expansion.
COVID-19 Impact: Slowdown in Development of Technologies due to Spread of the Virus
The market was significantly impacted by Covid-19, which resulted in a slowing of the development of new remedies despite advances in technology and surgical procedures. The number of patients visiting orthopedics for hip pain had decreased, which caused the market rate to decline along with the widespread spread of the virus and new regulations enacted by the government in different regions, such as lock down, which has caused the closure of industries and halted the production of new developments. Direct anterior approach sales growth is accelerated to a greater extent by the post-pandemic environment, which includes an increase in the number of senior patients visiting orthopedics.
Latest Trends
"Use of 3D Technology to Develop to Patient-Specific Instruments and Avoid Human Errors "
A significant development in the sector recently that is being employed more frequently in direct anterior approach is 3D printing technology. In order to align the implants precisely and in accordance with the preliminary strategy, the innovation is employed to develop patient-specific guidelines. Patient-specific Instrumentation is the term used for this. This method adapts a preparatory strategy for every patient's anatomy using a CT scan. It helps the operating physician to precisely design and carry out the placing of the acetabular implant while maintaining hip stability. The reduction of human mistakes, increased accuracy of implant placing, and restitution of the natural hip mechanics have all been made possible by advances in computer guidance and automation.
Direct Anterior Approach Market Segmentation
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By Type Analysis
According to type, the market can be segmented into Metal Material, Alloy Material and Resin Material
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By Application Analysis
Based on application, the market can be divided into Age Below 45, Age 45-65 and Age Above 65
Driving Factors
"Increase in the Number of Osteoarthritis Cases and Elderly People is Boosting the Industry "
Osteoporosis and hip problems, a high frequency of diseases of the lower extremities such osteoarthritis (OA), and an increase in the number of elderly people are among the factors boosting the market's growth. Additionally, it is simpler to fuel market expansion due to the developed nations' accessibility to rising healthcare infrastructure and the advancements in minimally invasive surgery technologies. A study by the Osteoarthritis Research Society International predicts that by 2050, 130 million people would have osteoarthritis.
"Rise in Government Policies and Introduction of New Products Increases the Customer Base of Direct Approach "
Enhance advantages and benefits with technological advances in orthopedics sectors and incorporate more technologies, which will increase market growth and consumer demand due to increased government reimbursement policies and increased investment in the medical sector. This will allow everyone to benefit from and experience new technologies that have been developed in the market, which will expand the market to a greater extent. The major market players actively participate in the introduction of new products and conduct ongoing research to find new products with improved performance that will increase the customer base of direct anterior. During the projection period, top market players will invest more money in new surgical advancements and market expansion.
Restraining Factors
"Increase in Prices and Lack of Skilled Individuals Hamper the Market Expansion"
Improved technologies and new advanced features created in direct anterior approach surgery, as well as some surgeries integrating robotics systems with enhanced reliability and efficiency in the procedure with reduced time for treatment, reduced complications, led to an increase in the price of the hospitalization in hip replacement common individuals cannot afford the care due to greater prices may hinder the direct anterior approach market growth during the projected timeline. Additionally, Enhance created hip replacement technologies with new features included into the procedure that improve the effectiveness and efficacy of the operation. Require current surgical abilities to execute hip replacements; individuals with insufficient surgical skills may see a decline in the market for direct approach.
Direct Anterior Approach Market Regional Insights
"Existence of Superior Healthcare and Major Players Promotes the Regional Market "
Due to its superior healthcare system and the existence of significant industry players, North America represented the highest direct anterior approach market share. In addition, the increased prevalence of osteoporosis and osteoarthritis are some important factors supporting the development of the regional market. In the near future, growth is likely to be supported by favorable payment rules for patients, which are predicted to boost the number of operations.
Key Industry Players
"Key Players Focus on Partnerships and R&D to Provide Cutting-Edge Technologies"
The two leading companies on the international market are Stryker and Zimmer Biomet. Strategic partnerships are essential to the expansion of the market's competitors. The major market participants place a strong emphasis on considerable R&D efforts to provide cutting-edge and efficient implants. They put a lot of effort into coming up with creative growth plans, such as the introduction of new products, technological advancements, joint ventures, alliances, mergers, and acquisitions.
LIST OF TOP Direct Anterior Approach COMPANIES
- Johnson & Johnson (U.S.)
- Stryker (U.S.)
- Zimmer Biomet (U.S.)
- Smith & Nephew (U.K.)
- OrthAlign (U.S.)
Report Coverage
This report covers the direct anterior approach market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2.69 Billion in 2023 |
Market Size Value By |
US$ 7.11 Billion by 2032 |
Growth Rate |
CAGR of 11.4% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
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By Application
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Frequently Asked Questions
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What value is the global direct anterior approach market expected to touch by 2032?
The global direct anterior approach market is expected to touch USD 7.11 billion by 2032.
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What CAGR is the direct anterior approach market expected to exhibit during 2032?
The direct anterior approach market is expected to exhibit a CAGR of 11.4% over 2032.
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Which are the driving factors of the direct anterior approach market?
Increase in the number of osteoarthritis cases and elderly people is boosting the industry and rise in government policies and introduction of new products increases the customer base of direct approach are the driving factors of the direct anterior approach market.
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Which are the top companies operating in the direct anterior approach market?
Johnson & Johnson, Stryker, Zimmer Biomet, Smith & Nephew and OrthAlign are the top companies operating in the direct anterior approach market.