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:
By Product Type
|
Total Hip Replacement Implant
|
Partial Hip Replacement
Implant
|
Hip Resurfacing Implant
|
Revision Hip Replacement
Implant
|
|
|
By Component Type
|
Hip stems
|
Acetabular Cups
|
Revision Accessories and
Components
|
|
|
By End User
|
Hospitals
|
Orthopedic Clinics
|
Ambulatory Surgical
Centers
|
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)
