Hip Replacement Market size was estimated at over USD 6.8 billion in 2020 and is expected to grow at a CAGR of 4% from 2022 to 2028.
Hip arthroplasty is surgery to replace the hip joint with an artificial prosthesis. Surgery can be performed as a full replacement or half (half) replacement. Surgery is usually done to relieve pain caused by arthritis or a hip fracture. The prevalence of osteoarthritis is increasing. It is also more common in the elderly population, which has been increasing in recent years. The increased prevalence of osteoarthritis is a major driving force in this market. Other factors, such as an increasing number of injuries and an increasing number of obese people worldwide are also driving the growth of this market. However, the procedure is very cost-intensive and can act as an economic burden on patients, which inhibits the growth of the market.
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Market Segments
By Product
- Primary Hip Replacement Devices
- Partial Hip Replacement Devices
- Revision Hip Replacement Devices
- Hip Resurfacing Devices
By Material
- Metal-on-plastic
- Ceramic-on-plastic
- Ceramic-on-ceramic
- Others
Key Players
- Zimmer Biomet
- DePuy Synthes Companies
- Smith & Nephew
- Stryker
- Exactech, Inc.
- Gruppo Bioimpianti s.r.l
- Conformis
- MicroPort Scientific Corporation (
- Braun Melsungen AG
Scope of the Report
The research study analyzes the global Hip Replacement industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Hip Replacement Market is available at: https://www.orionmarketreports.com/hip-replacement-market/74831/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Hip Replacement Market Report
1. What was the Hip Replacement Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Hip Replacement Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Hip Replacement Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Hip Replacement market.
- The market share of the global Hip Replacement market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Hip Replacement market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Hip Replacement market.
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