Hip Replacement Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Hip joint pains severely due to the arthritis and is it replaced with an artificial joint which is often made of metal, plastic or ceramic. Hip replacement is surgical procedure in which the removal of the hip joint is done. The surgical procedure can be performed with the traditional approach or the minimally invasive robot assisted surgery.

MARKET SCOPE

The "Global Hip replacement Devices Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hip replacement devices market with detailed market segmentation by product, material, end user, and geography. The report provides key statistics on the market status of the leading hip replacement devices market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global hip replacement devices market is segmented into Partial Hip Replacement Implants, Hip Resurfacing Implants, Revision Hip Replacement Implants and Total Hip Replacement Implants.
  
•   Based on material, the market is segmented into Metallic, Ceramic, and Others
  
•   Based on end user, the market is segmented into Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers and Others.
  

MARKET DYNAMICS
Drivers:

•   Rise in the number of hip replacement surgeries
  
•   Growing incidences of the hip bone distortion in the elderly people and in chronic alcohol drinkers, increase in injuries due to growing road accidents and more
  

Restraints:

•   Regulatory barriers in a few developing countries
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hip replacement devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hip replacement devices market in these regions.

IMPACT OF COVID-19 ON HIP REPLACEMENT DEVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

Hip Replacement Devices Market Report Analysis

Hip Replacement Devices Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• DJO Global, Inc
• Smith & Nephew
• Corin
• Zimmer Biomet
• DePuy Synthes (Subsidiary of Johnson and Johnson)
• Stryker
• MicroPort Orthopedics, Inc.
• OMNI
• Exactech, Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Partial Hip Replacement Implants
• Hip Resurfacing Implants
• Revision Hip Replacement Implants
• Total Hip Replacement Implants

By Material

• Metallic
• Ceramic

By End User

• Hospitals
• Orthopedic Clinics
• Ambulatory Surgical Centers

MARKET PLAYERS

The report covers key developments in the hip replacement devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hip replacement devices market are anticipated to lucrative growth opportunities in the future with the rising demand for hip replacement devices in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hip replacement devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   DJO Global, Inc
  
•   Smith & Nephew
  
•   Corin
  
•   Zimmer Biomet
  
•   DePuy Synthes (Subsidiary of Johnson and Johnson)
  
•   Stryker
  
•   MicroPort Orthopedics, Inc.
  
•   OMNI
  
•   Exactech, Inc.
  
•   B. Braun Melsungen AG
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Hip Replacement Devices Market Report Scope