Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 378.96 Million | USD 597.12 Million | 5.81% | 2022 |
The global Femoral Canal Brush market size was worth around USD 378.96 million in 2022 and is predicted to grow to around USD 597.12 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.81% between 2023 and 2030.
In orthopedic surgery, particularly joint replacement operations, femoral canal brushes are crucial. These brushes' small size and unique bristles make it possible for surgeons to thoroughly clean and prep the femoral canal for the implantation of prosthetic joints. The brushes clean the canal of debris and leftover bone cement, guaranteeing a tight fit for the prosthetic part. Their reliability and precision are essential for completing joint replacements successfully, enhancing patient outcomes, and lowering the possibility of problems following surgery. The femoral canal brush market is being driven by various factors including rising technological advancements, increasing demand for minimally invasive procedures, growing regulatory approvals, and rising investment.
The growing prevalence of musculoskeletal disease drives the market growth
The increasing prevalence of musculoskeletal disease is projected to drive the growth of the market over the forecast period. More than one in two Americans aged 18 and older and over three out of four Americans aged 65 and older suffer from musculoskeletal disorders. The three most prevalent musculoskeletal diseases recorded, which result in yearly visits to doctors' offices, emergency departments, and hospitals, are arthritis, back pain, and trauma. Circulatory and respiratory diseases, which affect one in three people, are significantly more common than musculoskeletal diseases, with the majority of patients reporting generally treatable disorders like persistent hypertension or hay fever and bronchitis. Thereby, driving the global femoral canal brush market growth.
High costs associated with drug development hamper market growth
The expensive cost of medication development indirectly limits the market's expansion for femoral canal brushes. Pharmaceutical companies spend a lot of capital on developing new drugs, thus they invest less in medical equipment like femoral canal brushes. Healthcare institutions may also prioritize expenditure on medications above costly medical equipment. The high cost of medication research affects the total healthcare budget, which might lead to less funds being available for the purchase of medical equipment, such as femoral canal brushes, which restricts the femoral canal brush industry growth.
The growing geriatric population is expected to provide a lucrative opportunity for the market growth
The growing geriatric population is expected to provide a lucrative opportunity for femoral canal brush market growth over the forecast period. The geriatric population is more prone to orthopedic conditions such as arthritis, knee pain, neck pain, and others. For instance, according to the World Health Organization, one in six individuals on the planet will be 60 or older by 2030. By this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. The number of individuals in the world who are 60 or older will double (to 2.1 billion) by 2050. Between 2020 and 2050, the number of people 80 or older is projected to be high, reaching 426 million. In addition, according to the data by Practo, Osteoarthritis affects 1 in 3 older persons. The hands, ankles, fingers, spine, and knees are the main areas affected by this degenerative condition. Activities that demand flexibility, mobility, or fine motor control are extremely challenging for those with osteoarthritis. Therefore, this is expected to drive the market expansion.
Regulatory hurdles pose a major challenge to market growth
Getting regulatory approval may be a difficult and drawn-out procedure. Medical devices such as femoral canal brushes must adhere to certain safety and effectiveness requirements established by regulatory organizations depending on the nation or place. It can be difficult to navigate these regulations and get clearance. Thus, this is expected to pose a major challenge to the femoral canal brush market expansion.
The global Femoral Canal Brush industry is segmented based on usage, material, application, end-user, and region.
Based on the usage, the global market is bifurcated into cleaning and debride.
Based on the material, the femoral canal brush industry is bifurcated into disposable (single-use) flexible, twisted, and metallic wire with bristles.
Based on the application, the market is bifurcated into bone cement, hip replacement, joint replacement, and others. The bone cement segment is expected to dominate the market during the forecast period. The growth in the segment is attributed to the increasing number of orthopedic implants.
Based on the end user, the femoral canal brush industry is bifurcated into hospitals, ambulatory surgical centers, and others. The hospital segment is expected to hold the largest market share over the forecast period. The growth in the segment is owing to the increasing number of emergency cases including road accidents, orthopedic patients, and others. Moreover, the priority of individuals to shift hospitals for various conditions is another factor that propels the segment expansion over the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Femoral Canal Brush Market |
Market Size in 2022 | USD 378.96 Million |
Market Forecast in 2030 | USD 597.12 Million |
Growth Rate | CAGR of 5.81% |
Number of Pages | 213 |
Key Companies Covered | Grayline Medical, Medline Industries, LP, MEDTRONIC, Sorin Group, Edwards Lifesciences Corporation, MAQUET Holding B.V. & Co. KG., Chalice Medical Ltd., Changzhou Kangxin Medical Instruments Co. Ltd., Cardio Medical GmbH, Andocor, McKesson Medical-Surgical Inc., Stryker, Judd Medical Limited, and others. |
Segments Covered | By Usage, By Material, By Application, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to dominate the market during the forecast period
North America is expected to dominate the global femoral canal brush market during the forecast period. Growth is spurred on by factors such as the high frequency of osteoarthritis, the aging population, and the rising demand for less invasive surgical techniques. Additionally, the emergence of novel products and the presence of additional market participants foster market expansion in the area. The aging population is anticipated to fuel the market segment's expansion.
For instance, the population 65 and older as a proportion of the overall population was 17.04% in the United States in 2021, 18.56% in Canada, and 7.83% in Mexico, according to figures released by the World Bank Group in 2022. In addition, a news release issued by the Canadian government in April 2022 stated that the number of persons 65 and older dramatically climbed to 7 million in 2021, which is the second-largest growth in the previous 75 years. In 2021, this age group accounted for 19% of all Canadians, or around 1 in 5.
According to the aforementioned source, 861,000 persons in Canada were 85 years of age or older in 2021 compared to the previous ten years. By 2046, it is predicted that this number would have tripled. The market is anticipated to develop as a result of this rise in the senior population, which is more vulnerable to fractures and other chronic disorders. Thus, this is expected to drive the market growth in the region.
The global Femoral Canal Brush market is dominated by players like:
By Usage
By Material
By Application
By End User
FrequentlyAsked Questions
In orthopedic surgery, particularly joint replacement operations, femoral canal brushes are crucial. These brushes' small size and unique bristles make it possible for surgeons to thoroughly clean and prep the femoral canal for the implantation of prosthetic joints. The brushes clean the canal of debris and leftover bone cement, guaranteeing a tight fit for the prosthetic part. Their reliability and precision are essential for completing joint replacements successfully, enhancing patient outcomes, and lowering the possibility of problems following surgery.
The global femoral canal brush market is driven by the increasing number of orthopedic implants that are expected to propel the market growth during the forecast period. Moreover, the growing geriatric population is one of the most important factors that propel the market growth during the forecast period.
According to the report, the global femoral canal brush market size was worth around USD 378.96 million in 2022 and is predicted to grow to around USD 597.12 million by 2030.
The global Femoral Canal Brush market is expected to grow at a CAGR of 5.81% during the forecast period.
The global Femoral Canal Brush market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the presence of key players and the rising geriatric population along with the high pool of orthopedic patients.
The global Femoral Canal Brush market is dominated by players like Grayline Medical, Medline Industries, LP, MEDTRONIC, Sorin Group, Edwards Lifesciences Corporation, MAQUET Holding B.V. & Co. KG., Chalice Medical Ltd., Changzhou Kangxin Medical Instruments Co., Ltd., Cardio Medical GmbH, Andocor, McKesson Medical-Surgical Inc., Stryker, Judd Medical Limited, among others.
The Femoral Canal Brush market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed