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Hip replacement is a surgical procedure which is performed by the doctors so that they can remove painful hip joint with an artificial joint often made from metal and plastic component. This procedure is usually done when all the other medicines and treatment were not able to provide required relief to the patient. Cemented total hip implant, hip resurfacing, revision hip implant and femoral head implant are some of the common type of hip replacement implant.
Key Market Competitors:
Some of the major players operating in this market are 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.
Increasing Geriatric Population
It is expected that the world’s population aged 60 years will be 2 billion by 2050, which is 900 million in 2015.
Japan has the 27% of the population of 65 years of age or older which is the highest in 2015-16. Then is Italy with 23% and then Portugal with 22%. Then other countries like Germany, Bulgaria and Finland with 21%, Greece, Sweden, Latvia and Croatia with 20% respectively.
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