• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Flexible Sensors Detect Heavy Metals in Sweat

      Flexible Sensors Detect Heavy Metals in Sweat

      Nanopore Sensor to Study Protein Aggregation in Neurodegeneration

      Nanopore Sensor to Study Protein Aggregation in Neurodegeneration

      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

    • Radiology
      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Fluorescence Imaging System Illuminates Tumor Depth

      Fluorescence Imaging System Illuminates Tumor Depth

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

    • Cardiology
      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

    • Surgery
      Microneedle Bandage for Hemostatic Control

      Microneedle Bandage for Hemostatic Control

      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

    • Nanomedicine
      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Magnetic Bacteria Target Tumors

      Magnetic Bacteria Target Tumors

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Smart Walking Stick for Visually Impaired People

      Smart Walking Stick for Visually Impaired People

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Implanted Magnets for Prosthetic Control

      Implanted Magnets for Prosthetic Control

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

Hip Replacement Market is projected to grow USD 9.91 billion with CAGR 5.3% in 2028

November 14th, 2022 Fortune Business Insights Releases

The global hip replacement market size is projected to hit USD 9.91 billion by 2028 and exhibit a CAGR of 5.3% during the forecast period. The increasing number of hip replacement surgeries due to the growing prevalence of osteoarthritis is anticipated to boost the market growth. The rising geriatric population and the improving patient knowledge for such surgeries are also expected to stimulate market growth. Fortune Business Insights™ has presented this information in its report titled, “Hip Replacement Market, 2021-2028”. The market size stood at USD 6.57 billion in 2020.

The market’s growth is also attributable to favorable health reimbursement policies. The governments of several nations are launching health reimbursement policies to provide quality and affordable care to their citizens. The favorable health reimbursement policies and reforms are likely to bolster the growth of the market.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/sample/hip-replacement-implants-market-100247

Drivers & Restraints-

Growing Demand for Customized Hip Prostheses to Augment Market Growth

Each patient’s unique anatomy requires a customized implant, and according to the anatomy of the patient, the sizes of implants may also vary. Hence, major manufacturers are leveraging 3D printing technology to deliver patient-specific implants. The adoption of 3D printing technology has augmented the demand for customized implants. As a result, the companies are focused on developing cutting-edge technologies to provide technically advanced customized prostheses and implants. The growing demand for customized hip prostheses is anticipated to boost the global hip replacement market growth.

The governments of several nations are reforming their existing health reimbursement policies and introducing newer ones to provide quality and affordable care to their citizens. These favorable health reimbursement policies and reforms are likely to bolster the growth of the market.

Healthcare organizations are scaling up the incorporation of online tools for patients who went under hip replacement surgeries and patients who have yet to undergo a surgery. These online tools are designed to help patients recover post-surgery. The growing adoption of these online tools is likely to favor market growth.

However, complications regarding the implants’ use may hamper growth.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please Visit: https://www.fortunebusinessinsights.com/industry-reports/hip-replacement-implants-market-100247

Regional Insights-

Increasing Number of Hip Arthroplasty to Aid Growth in North America

North America is poised to attain the largest chunk of the global hip replacement market share. The increasing number of hip arthroplasty is expected to augment the market’s growth. Additionally, the rising number of strategic collaborations amongst major players is expected to boost the growth of the market.

Europe is anticipated to witness substantial growth due to the increasing number of surgeries, rising demand for customized implants, and favorable health reimbursement policies.

Asia Pacific is expected to exhibit rapid growth due to new product launches and the cumulative efforts of major manufacturers to strengthen market positions through indirect or direct distribution networks.

The Middle East & Africa, and Latin America are projected to witness considerable growth due to the rising adoption of implants and increasing orthopedic diseases & injuries.

Competitive Landscape-

Key Players Emphasize Strategic Collaborations to Strengthen Market Positions

Stryker, DePuy Synthes, and Zimmer Biomet hold the leading positions in the global market. Zimmer Biomet held the highest market share due to the high sales of hip implants. Strategic collaborations are vital to the growth of the market players. The key players operating the market emphasize extensive R&D activities to develop advanced and effective implants. They focus on devising ingenious growth strategies, including new product launches, technological developments, partnerships, collaborations, acquisitions, mergers, and others. For instance, Microport Orthopedics launched Profemur Gladiator HA Collared Stem, Cemented Collared Hip Stem, and Profemur Gladiator Cemented Collared Stem in February 2021 to expand its product portfolio. The products aid in total hip arthroplasties and fracture patients.

Speak To Our Analyst: 

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/hip-replacement-implants-market-100247

List of Key Players in the Global Market-

  • Zimmer Biomet (Indiana, U.S.)
  • DePuy Synthes Companies (Johnson & Johnson Services, Inc.) (Raynham, MA, U.S.)
  • Smith & Nephew (London, U.K.)
  • Stryker (Michigan, U.S.)
  • Exactech, Inc. (Florida, U.S.)
  • Gruppo Bioimpianti s.r.l (Milan, Italy)
  • Conformis (Massachusetts, U.S.)
  • MicroPort Scientific Corporation (Shanghai, China)
  • Braun Melsungen AG (Melsungen, Germany)

Table Of Contents :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Number of Hip Replacement Procedures – For Key Countries
    • Regulatory Scenario – For Key Countries/Regions
    • Reimbursement Scenario – For Key Countries/Regions
    • New Product Launches
    • Technological Advancements in Hip Replacement Market
    • Key Industry Developments – Mergers, Acquisitions and Partnerships
  • Global Hip Replacement Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Procedure
      • Total Hip Replacement
      • Partial Hip Replacement
      • Revision & Hip Resurfacing
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Ambulatory Surgery Centers
      • Orthopedic Clinics
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Hip Replacement Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Procedure
      • Total Hip Replacement
      • Partial Hip Replacement
      • Revision & Hip Resurfacing
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Ambulatory Surgery Centers
      • Orthopedic Clinics
      • Others
    • Market Analysis, Insights and Forecast – By Country
      • U.S.
        • By Procedure
      • Canada
        • By Procedure

Toc Continue..

Ask for Customization of this Report:

https://www.fortunebusinessinsights.com/enquiry/customization/hip-replacement-implants-market-100247

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Sign up and submit a press release

Sponsored
C-mo Medical Solutions extends seed investment round to €4.8 million to transform cough monitoring

C-mo Medical Solutions extends seed investment round to €4.8 million to transform cough monitoring

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

Fluidx Unveils New Embolic for Neurovascular Use

Fluidx Unveils New Embolic for Neurovascular Use

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

PT Genie Unveils New Brand Identity Reflecting Company’s Transformation and Focus on the Global Future of AI and Machine Learning in Digital Healthcare

interviews & reviews
Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
Posting....
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email