Hip Replacement Market Study for 2022 to 2028 Providing Information on Growth Drivers, and Industry Analysis
Global Hip Replacement Market was valued at USD 7.48 billion in 2021 and is expected to reach USD 8.89 billion by the year 2028, at a CAGR of 2.5%.
The hip joint is one of the most vital joints in the human body. The human body movement of walking, running, and jumping are all possible because of hip joints. Hip joints bear the weight of the body and the force of the strong muscles of the hip and leg. The hip joint falls under the category of ball and socket thus, it is one of the most flexible joints in the human body and allows a greater range of motion than all other joints in the body except the shoulder joint. Hip replacement is a surgical procedure in which a painful hip joint is replaced by a healthcare professional with an artificial joint mostly made from metal and plastic components. This procedure is usually done when all other treatment options have failed to provide pain relief to the individual. A hip replacement procedure replaces a painful hip joint, thus making walking easier. Moreover, hip replacement procedures have become easier due to minimally invasive surgical procedures.
The report Hip Replacement Market report provides an in depth analysis of the Hip Replacement market, including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Hip Replacement market report provides an in depth analysis of the market state of Hip Replacement manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Keyword Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report.
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Key Industry Players in the Hip Replacement Market:
• ConMed Corporation (US)
• DJO LLC (US)
• B. Braun Melsungen AG (Germany)
• OMNIlife Science Inc. (US)
• Exactech Inc. (the US)
• MicroPort Scientific Corporation (China)
• Smith & Nephew plc (UK)
• Stryker Corporation (US)
• Johnson & Johnson (US)
• Zimmer Biomet (US)
• Medacta International (Switzerland) and other major players.
The income earned from the sale of This Study and technologies by various application industries is considered in the report. This section also includes an analysis of global production volume and production volume by type for the projection period. Factors that influence market growth are important because they may be used to design diverse
strategies for capturing the lucrative possibilities that exist in the ever growing industry. In addition, market expert perspectives have been incorporated to better understand the industry.
Segmentation Analysis Includes,
By Type:
• Total Hip Replacement
• Partial Hip Replacement
• Hip Resurfacing
• Revision Hip Replacement
By Implant Type:
• Metal on Metal
• Metal on Polyethylene
• Ceramic on Metal
• Others
By End Users:
• Hospitals & Surgery Centers
• Orthopaedic Clinics
• Others
By Region:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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The
COVID 19 pandemic affected the supply chain. The entire healthcare industry has focused on life saving and COVID 19 related procedures during the pandemic. In addition, most of the surgical procedures are either cancelled or postponed which further restricting the expansion of hip replacement market. Thus, COVID 19 has significant negative impact on hip replacement market.
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The Global Hip Replacement Market study contains information on the global industry, as well as user data and numbers. The Global Market is examined in depth in this research report, including raw material suppliers, industry chain structures, and manufacturing. The Hip Replacement Sales market investigates the market's most important segments. This insightful analysis includes historical data as well as a predicted timeframe.
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