Hip replacement devices Market

The global hip replacement devices market is foreseen to grow at 4.6%, from USD 6.9 Billion in 2021 to USD 9.9 Billion in 2029. Growing number of osteoarthritis, increasing injury cases, and rising obese population. However, high cost associated with the procedure yet remains one of the factors restraining market growth.

Market Definition

What are Hip replacement devices?

Hip replacement devices are medical devices intended to restore mobility and relieve pain usually associated with arthritis and other hip diseases or injuries. Every hip implant system has unique device design features such as size, shape, and material, and dimensions.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in terms of revenue (USD Million). The market for each segment is present in North America, Europe, Asia Pacific, Latin America and Middle East & Africa as well as the regional basis for the above-mentioned forecast period.

Key industry dynamics, regulatory scenario, major material dynamics and Hip replacement devices future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Overview

Hip replacement devices market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Hip replacement devices market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Hip replacement devices market revenue by understanding the strategic growth approaches.

Hip replacement devices Market study by “Zettabyte Analytics” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

Market Segmentation

For the purpose of this report, the global Hip replacement devices market is segmented on the basis of product type, component type, end user and region:

Product Type Outlook:

On the basis of Product Type, the market is segmented into Total Hip Replacement Implant, Partial Hip Replacement Implant, Hip Resurfacing Implant, Revision Hip Replacement Implant.

Figure 1 - Hip replacement devices Market, By Product Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)