According to Data Bridge Market Research new Market report “Global Hip Replacement Implants Market, By Product Type (Cemented Total Hip Implant, Cement Free Total Hip Implant, Partial Femoral Head Implant, Hip Resurfacing, Revision Hip Implants), By End-Users (Orthopedic Clinics, Hospitals, Surgery Centers), By Surgery Numbers (Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Hip Resurfacing), By Geography (North America, Europe, Asia-Pacific, South America and Middle East and Africa) – Industry Trends and Forecast to 2024”, is projected to reach USD 7.1 billion by 2024, from USD 5,254.7 million in 2016, at a CAGR of 3.6% during the forecast period from 2017 to 2024.The total hip replacement surgery is growing at a significant rate since the past decade. Many of our participants (Orthopedic Surgeons) in this report believed the growth is owing to factors both related to lifestyle and technological advancements.
Based on geography the report covers data points for 52 countries across multiple geographies namely North & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. U.S. dominate the global hip replacement market with a share of 41.2% in 2016, owing to the rising pool of arthritis patient full reimbursements of these surgeries through government and non-government healthcare payers.
Some of the other players in this market include Zimmer Biomet, Depuy Synthes, Stryker, Smith and Nephew, B.Braun Melsungen AG, Corin, Waldemer Link GmbH & Co. KG, Wright Medical N.V., Arthrex, Inc., ConforMIS, Corentec, Elite Surgical Supplies (PTY) Ltd, Euros France, Evolutis, FH Orthopedics, Integra LifeSciences, Lima Corporate, Medacta, Ortosintese, Peter Brehm, Shanghai MicroPort Orthopedics, Surgival, Synergie Ingénierie Médicale, Wright Medical, N.V., Tecomet and, DJO Global among others.
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Global Hip Replacement Implants Market – Industry Trends and Forecast to 2028