Global Hip Replacement Market Overview
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. This procedure also decreases the hospital stay period as well boosts the recovery. Robots are also employed for surgical procedures thus, increasing the accuracy and efficiency of hip replacement surgical procedures. The growing prevalence of arthritis and increase in the number of accidents has stimulated the expansion of the hip replacement market.
Market Dynamics and Key Factors in Hip Replacement:
Drivers:
Hip replacement surgery is one of the most successful procedures performed by orthopedic surgeons for relieving chronic hip pain and is proven by many scientific studies. Hip replacement surgeries have a success rate of more than 90% and it drastically reduces hip joint pain. It also enhances mobility and improves function for individuals with damaged joints. Osteoarthritis is the most prevalent cause for a hip replacement, although other possible reasons include rheumatoid arthritis, a hip fracture, or hip dysplasia; a condition where the hip joint hasn't developed properly. There has been a significant rise in the number of young patients undergoing hip replacement surgeries. Osteonecrosis, osteoarthritis, and juvenile idiopathic arthritis (JIA)/inflammatory arthritis were the most common reasons for total hip replacement in younger individuals. This increase in the number of younger populations suffering from hip joint disorders is propelling the development of the market.
The advent of 3D printing technology has resulted in the production of customized joints according to the shape and size of the individual. Moreover, minimally invasive surgical procedures have decreased the hospital stay period and results in less blood loss during the hip replacement procedure. It also gives rise to fewer complications post-surgery. The growing number of genetic disorders, geriatric population, and chronic bone health conditions are the main factors that are promoting the expansion of the hip replacement market during the forecast period.
Restraints:
Dislocation and loosening of the implant are the most common complications that arise after hip replacement surgery. In rare cases, infection and the formation of blood clots in the hip region are reported. Inflammation around the joints, fluid accumulations, and, in more advanced cases, tissue damage, bone loss, or some of the more rare but serious problems such as blood vessel constriction or compressions may develop in certain people. Furthermore, in developing countries implants are not covered under the insurance policies thus, increasing the financial burden on the patients. The high surgical cost of hip replacement procedures is restraining the expansion of the market over the projected period.
Opportunities:
Recently innovation in the field of surgical orthopedics especially hips joint replacement procedures has shown rapid development. Over the last few years, there has been an exponential rise in the number of joint replacement surgeries that are taking place globally. Moreover, this surge has been supported by several Government initiatives for the low economic strata and also the introduction of price capping that led to the access of joint replacement surgeries to people who earlier had no access. Market players can target developing economies as these regions are adopting novel techniques for hip replacement procedures. Additionally, the R&D of advanced hip joints that can are less prone to wear can generate a lucrative opportunity for the market players.
Market Segmentation For Hip Replacement
Depending on implant type, the metal on the polyethylene segment is forecasted to have the highest share of the hip replacement market. This type of implant has been utilized in hip joints since the 1960s. The ball and the socket are made up of metal, and a plastic spacer is placed between them. Titanium and steel are the most commonly used metals and the plastic incorporated is polyethylene. Recent developments have enhanced the longevity of the polyethylene utilized hip implants. These are called highly cross-linked plastics and are designed in a way that they wear out less quickly as compared to traditional plastics. This type of implant is mostly preferred by surgeons, thus stimulating the development of metal on the polyethylene segment.
Depending on the procedure, the total hip replacement is anticipated to dominate the hip replacement market in the projected period. Total hip replacement or total hip arthroplasty is the final option for individuals having hip pain that interferes with daily chores, and nonsurgical treatments haven't helped or are no longer effective. The major cause of total hip replacement is arthritis damage. The increasing geriatric population and the growing prevalence of osteoarthritis, rheumatoid arthritis, and osteonecrosis in adults have propelled the demand for total hip replacement procedures. The total hip replacement segment is forecasted to reach US$ 4 billion by the end of the analysis period, growing with a CAGR of 3%.
Depending on end-users, the hospitals and surgery centers segment is anticipated to have a lion's share of the hip replacement market over the forecast period. Hospitals offer insurance benefits for several surgical procedures including hip replacement surgery. Hospitals have trained medical staff that can give proper treatment and medication throughout the hospital stay. Additionally, hospitals have ready access to rehabilitation if any adverse situation arises after post-operation. Hospitals are equipped with the latest technologies that can be utilized during surgical procedures, and maintained laboratories for regular checkups thus, driving the growth of this segment.
Players Covered in Hip Replacement market are :
- 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.
Regional Analysis of Hip Replacement Market:
The North American region is anticipated to lead the hip replacement market in the forecast period. Hip replacements are one of the most common joint replacement procedures in the United States, with more than 450,000 surgeries performed in the country each year, according to the Agency for Healthcare Research and Quality. The highly advanced healthcare infrastructure and the usage of novel techniques for surgical procedures have attracted many individuals around the globe for hip replacement in the United States. The hip replacement market in the USA was estimated to be US$ 2 billion in the year 2020 and the market in Canada is forecasted to grow at a CAGR of 1.8% over the analysis period.
The hip replacement market in the Asia-Pacific region is expected to develop at the highest CAGR over the forecast period. India and China are the most populous countries in the world and the number of geriatric populations is also high in these countries. Moreover, the government has launched several initiatives to make hip replacement surgery available for every stratum of society. Collaboration of foreign companies with local companies has promoted the development of implants that have a long life and are less prone to wear. Insurance companies have also started covering implants under policies thus, strengthening the expansion of the market in this region.
The hip replacement market in the European region is predicted to develop at a significant growth rate attributed to the favorable health reimbursement, and an increased number of hip joint surgeries. According to Statista, hip replacement surgeries per 100,000 populations in countries like Germany, Switzerland, Austria, Belgium, Finland, and Norway were 310.6, 307.3, 298.5, 274.6, 274.5, and 259.6 in the year 2018. The rise in per capita income and the increasing awareness of minimally invasive hip surgeries have propelled the expansion of the market in this region.
Recent Industry Developments in Hip Replacement Market:
- In August 2021, DJO, a Colfax Corporation subsidiary and a leading global producer of medical technology to get and keep patients moving, announced its newest offering, EMPOWR Dual Mobility, at the American Academy of Orthopedic Surgeons' 2021 Annual Meeting (AAOS). EMPOWR Dual Mobility is the newest addition to the EMPOWR Hip portfolio, offering surgeons an option for treating a wide patient population in need of improved joint stability.
- In August 2021, Zimmer Biomet Holdings, Inc., a global medical technology leader, announced U.S. Food and Drug Administration (FDA) 510(k) clearance of the ROSA® Hip System for robotically-assisted direct anterior total hip replacement.
- In July 2021, following the CE certification of its AMIS(R)-K Long, Iliac Screw Mpact(R) 3D Metal, and 3D Metal(R) B-Cage, Medacta reported the first operations using the products. Together with the M-Vizion(R) Modular Femoral Revision Stem, these new products expand the Medacta Hip Revision Platform.
COVID-19 Impact on Hip Replacement Market:
The COVID-19 pandemic adversely affected the functioning of several industry verticals. The COVID-19 restrictions imposed on transportation resulted in the shortage of material required for the production of hip joints. Moreover, as healthcare systems worldwide scrambled to cope with the surging number of COVID-19 cases, many countries decided to cancel all non-emergency surgical procedures to free up personnel and resources to care for patients with COVID-19. Before the pandemic, 4 million people were waiting for surgical procedures and this number escalated to 10 million during the pandemic period. Approximately 100,000 joint replacement surgeries were canceled during the first COVID-19 wave, many of them were left struggling with daily activities because of severe pain and limited mobility. The United Kingdom is not alone in this predicament; a recent US analysis predicted a backlog of more than 1 million joint and spinal procedures by mid-2022. To remove these backlogs, drastic measures will be necessary. Although elective procedures restarted in the UK (and many other countries) in mid-2020, most hospitals are operating at much-reduced capacity, resulting in an ever-expanding waitlist. By September 2020, approximately 140 000 patients in England alone had been waiting for their operations for more than a year—100 times the number in 2019. To summarize, with the growing vaccination rate, the number of individuals undergoing hip replacement surgeries is expected to rise in the post-pandemic period thus, consolidating the growth of the hip replacement market.
Global Hip Replacement Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 7.48 Bn. |
Forecast Period 2022-28 CAGR: |
2.5% |
Market Size in 2028: |
USD 8.89 Bn. |
Segments Covered: |
By Type |
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By Implant Type |
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By End Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Implant Type
3.3 By End Users
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Hip Replacement Market by Type
5.1 Hip Replacement Market Overview Snapshot and Growth Engine
5.2 Hip Replacement Market Overview
5.3 Total Hip Replacement
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Total Hip Replacement: Grographic Segmentation
5.4 Partial Hip Replacement
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Partial Hip Replacement: Grographic Segmentation
5.5 Hip Resurfacing
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Hip Resurfacing: Grographic Segmentation
5.6 Revision Hip Replacement
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Revision Hip Replacement: Grographic Segmentation
Chapter 6: Hip Replacement Market by Implant Type
6.1 Hip Replacement Market Overview Snapshot and Growth Engine
6.2 Hip Replacement Market Overview
6.3 Metal on Metal
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Metal on Metal: Grographic Segmentation
6.4 Metal on Polyethylene
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Metal on Polyethylene: Grographic Segmentation
6.5 Ceramic on Metal
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Ceramic on Metal: Grographic Segmentation
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Grographic Segmentation
Chapter 7: Hip Replacement Market by End Users
7.1 Hip Replacement Market Overview Snapshot and Growth Engine
7.2 Hip Replacement Market Overview
7.3 Hospitals & Surgery Centers
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Hospitals & Surgery Centers: Grographic Segmentation
7.4 Orthopaedic Clinics
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Orthopaedic Clinics: Grographic Segmentation
7.5 Others
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Others: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Hip Replacement Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 Hip Replacement Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Hip Replacement Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 CONMED CORPORATION
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 DJO LLC
8.4 B. BRAUN MELSUNGEN AG
8.5 OMNILIFE SCIENCE INC.
8.6 EXACTECH INC.
8.7 MICROPORT SCIENTIFIC CORPORATION
8.8 SMITH & NEPHEW PLC
8.9 STRYKER CORPORATION
8.10 JOHNSON & JOHNSON
8.11 ZIMMER BIOMET
8.12 MEDACTA INTERNATIONAL
8.13 OTHER MAJOR PLAYERS
Chapter 9: Global Hip Replacement Market Analysis, Insights and Forecast, 2016-2028
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Type
9.2.1 Total Hip Replacement
9.2.2 Partial Hip Replacement
9.2.3 Hip Resurfacing
9.2.4 Revision Hip Replacement
9.3 Historic and Forecasted Market Size By Implant Type
9.3.1 Metal on Metal
9.3.2 Metal on Polyethylene
9.3.3 Ceramic on Metal
9.3.4 Others
9.4 Historic and Forecasted Market Size By End Users
9.4.1 Hospitals & Surgery Centers
9.4.2 Orthopaedic Clinics
9.4.3 Others
Chapter 10: North America Hip Replacement Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Total Hip Replacement
10.4.2 Partial Hip Replacement
10.4.3 Hip Resurfacing
10.4.4 Revision Hip Replacement
10.5 Historic and Forecasted Market Size By Implant Type
10.5.1 Metal on Metal
10.5.2 Metal on Polyethylene
10.5.3 Ceramic on Metal
10.5.4 Others
10.6 Historic and Forecasted Market Size By End Users
10.6.1 Hospitals & Surgery Centers
10.6.2 Orthopaedic Clinics
10.6.3 Others
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Hip Replacement Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Total Hip Replacement
11.4.2 Partial Hip Replacement
11.4.3 Hip Resurfacing
11.4.4 Revision Hip Replacement
11.5 Historic and Forecasted Market Size By Implant Type
11.5.1 Metal on Metal
11.5.2 Metal on Polyethylene
11.5.3 Ceramic on Metal
11.5.4 Others
11.6 Historic and Forecasted Market Size By End Users
11.6.1 Hospitals & Surgery Centers
11.6.2 Orthopaedic Clinics
11.6.3 Others
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Hip Replacement Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Total Hip Replacement
12.4.2 Partial Hip Replacement
12.4.3 Hip Resurfacing
12.4.4 Revision Hip Replacement
12.5 Historic and Forecasted Market Size By Implant Type
12.5.1 Metal on Metal
12.5.2 Metal on Polyethylene
12.5.3 Ceramic on Metal
12.5.4 Others
12.6 Historic and Forecasted Market Size By End Users
12.6.1 Hospitals & Surgery Centers
12.6.2 Orthopaedic Clinics
12.6.3 Others
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Hip Replacement Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Total Hip Replacement
13.4.2 Partial Hip Replacement
13.4.3 Hip Resurfacing
13.4.4 Revision Hip Replacement
13.5 Historic and Forecasted Market Size By Implant Type
13.5.1 Metal on Metal
13.5.2 Metal on Polyethylene
13.5.3 Ceramic on Metal
13.5.4 Others
13.6 Historic and Forecasted Market Size By End Users
13.6.1 Hospitals & Surgery Centers
13.6.2 Orthopaedic Clinics
13.6.3 Others
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Hip Replacement Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Total Hip Replacement
14.4.2 Partial Hip Replacement
14.4.3 Hip Resurfacing
14.4.4 Revision Hip Replacement
14.5 Historic and Forecasted Market Size By Implant Type
14.5.1 Metal on Metal
14.5.2 Metal on Polyethylene
14.5.3 Ceramic on Metal
14.5.4 Others
14.6 Historic and Forecasted Market Size By End Users
14.6.1 Hospitals & Surgery Centers
14.6.2 Orthopaedic Clinics
14.6.3 Others
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Hip Replacement Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 7.48 Bn. |
Forecast Period 2022-28 CAGR: |
2.5% |
Market Size in 2028: |
USD 8.89 Bn. |
Segments Covered: |
By Type |
|
|
By Implant Type |
|
||
By End Users |
|
||
By Region |
|
||
Key Market Drivers: |
|
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Key Market Restraints: |
|
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Key Opportunities: |
|
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Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HIP REPLACEMENT MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HIP REPLACEMENT MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HIP REPLACEMENT MARKET COMPETITIVE RIVALRY
TABLE 005. HIP REPLACEMENT MARKET THREAT OF NEW ENTRANTS
TABLE 006. HIP REPLACEMENT MARKET THREAT OF SUBSTITUTES
TABLE 007. HIP REPLACEMENT MARKET BY TYPE
TABLE 008. TOTAL HIP REPLACEMENT MARKET OVERVIEW (2016-2028)
TABLE 009. PARTIAL HIP REPLACEMENT MARKET OVERVIEW (2016-2028)
TABLE 010. HIP RESURFACING MARKET OVERVIEW (2016-2028)
TABLE 011. REVISION HIP REPLACEMENT MARKET OVERVIEW (2016-2028)
TABLE 012. HIP REPLACEMENT MARKET BY IMPLANT TYPE
TABLE 013. METAL ON METAL MARKET OVERVIEW (2016-2028)
TABLE 014. METAL ON POLYETHYLENE MARKET OVERVIEW (2016-2028)
TABLE 015. CERAMIC ON METAL MARKET OVERVIEW (2016-2028)
TABLE 016. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 017. HIP REPLACEMENT MARKET BY END USERS
TABLE 018. HOSPITALS & SURGERY CENTERS MARKET OVERVIEW (2016-2028)
TABLE 019. ORTHOPAEDIC CLINICS MARKET OVERVIEW (2016-2028)
TABLE 020. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 021. NORTH AMERICA HIP REPLACEMENT MARKET, BY TYPE (2016-2028)
TABLE 022. NORTH AMERICA HIP REPLACEMENT MARKET, BY IMPLANT TYPE (2016-2028)
TABLE 023. NORTH AMERICA HIP REPLACEMENT MARKET, BY END USERS (2016-2028)
TABLE 024. N HIP REPLACEMENT MARKET, BY COUNTRY (2016-2028)
TABLE 025. EUROPE HIP REPLACEMENT MARKET, BY TYPE (2016-2028)
TABLE 026. EUROPE HIP REPLACEMENT MARKET, BY IMPLANT TYPE (2016-2028)
TABLE 027. EUROPE HIP REPLACEMENT MARKET, BY END USERS (2016-2028)
TABLE 028. HIP REPLACEMENT MARKET, BY COUNTRY (2016-2028)
TABLE 029. ASIA PACIFIC HIP REPLACEMENT MARKET, BY TYPE (2016-2028)
TABLE 030. ASIA PACIFIC HIP REPLACEMENT MARKET, BY IMPLANT TYPE (2016-2028)
TABLE 031. ASIA PACIFIC HIP REPLACEMENT MARKET, BY END USERS (2016-2028)
TABLE 032. HIP REPLACEMENT MARKET, BY COUNTRY (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA HIP REPLACEMENT MARKET, BY TYPE (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA HIP REPLACEMENT MARKET, BY IMPLANT TYPE (2016-2028)
TABLE 035. MIDDLE EAST & AFRICA HIP REPLACEMENT MARKET, BY END USERS (2016-2028)
TABLE 036. HIP REPLACEMENT MARKET, BY COUNTRY (2016-2028)
TABLE 037. SOUTH AMERICA HIP REPLACEMENT MARKET, BY TYPE (2016-2028)
TABLE 038. SOUTH AMERICA HIP REPLACEMENT MARKET, BY IMPLANT TYPE (2016-2028)
TABLE 039. SOUTH AMERICA HIP REPLACEMENT MARKET, BY END USERS (2016-2028)
TABLE 040. HIP REPLACEMENT MARKET, BY COUNTRY (2016-2028)
TABLE 041. CONMED CORPORATION: SNAPSHOT
TABLE 042. CONMED CORPORATION: BUSINESS PERFORMANCE
TABLE 043. CONMED CORPORATION: PRODUCT PORTFOLIO
TABLE 044. CONMED CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. DJO LLC: SNAPSHOT
TABLE 045. DJO LLC: BUSINESS PERFORMANCE
TABLE 046. DJO LLC: PRODUCT PORTFOLIO
TABLE 047. DJO LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. B. BRAUN MELSUNGEN AG: SNAPSHOT
TABLE 048. B. BRAUN MELSUNGEN AG: BUSINESS PERFORMANCE
TABLE 049. B. BRAUN MELSUNGEN AG: PRODUCT PORTFOLIO
TABLE 050. B. BRAUN MELSUNGEN AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. OMNILIFE SCIENCE INC.: SNAPSHOT
TABLE 051. OMNILIFE SCIENCE INC.: BUSINESS PERFORMANCE
TABLE 052. OMNILIFE SCIENCE INC.: PRODUCT PORTFOLIO
TABLE 053. OMNILIFE SCIENCE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. EXACTECH INC.: SNAPSHOT
TABLE 054. EXACTECH INC.: BUSINESS PERFORMANCE
TABLE 055. EXACTECH INC.: PRODUCT PORTFOLIO
TABLE 056. EXACTECH INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. MICROPORT SCIENTIFIC CORPORATION: SNAPSHOT
TABLE 057. MICROPORT SCIENTIFIC CORPORATION: BUSINESS PERFORMANCE
TABLE 058. MICROPORT SCIENTIFIC CORPORATION: PRODUCT PORTFOLIO
TABLE 059. MICROPORT SCIENTIFIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. SMITH & NEPHEW PLC: SNAPSHOT
TABLE 060. SMITH & NEPHEW PLC: BUSINESS PERFORMANCE
TABLE 061. SMITH & NEPHEW PLC: PRODUCT PORTFOLIO
TABLE 062. SMITH & NEPHEW PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. STRYKER CORPORATION: SNAPSHOT
TABLE 063. STRYKER CORPORATION: BUSINESS PERFORMANCE
TABLE 064. STRYKER CORPORATION: PRODUCT PORTFOLIO
TABLE 065. STRYKER CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. JOHNSON & JOHNSON: SNAPSHOT
TABLE 066. JOHNSON & JOHNSON: BUSINESS PERFORMANCE
TABLE 067. JOHNSON & JOHNSON: PRODUCT PORTFOLIO
TABLE 068. JOHNSON & JOHNSON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. ZIMMER BIOMET: SNAPSHOT
TABLE 069. ZIMMER BIOMET: BUSINESS PERFORMANCE
TABLE 070. ZIMMER BIOMET: PRODUCT PORTFOLIO
TABLE 071. ZIMMER BIOMET: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. MEDACTA INTERNATIONAL: SNAPSHOT
TABLE 072. MEDACTA INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 073. MEDACTA INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 074. MEDACTA INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 075. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 076. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 077. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HIP REPLACEMENT MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HIP REPLACEMENT MARKET OVERVIEW BY TYPE
FIGURE 012. TOTAL HIP REPLACEMENT MARKET OVERVIEW (2016-2028)
FIGURE 013. PARTIAL HIP REPLACEMENT MARKET OVERVIEW (2016-2028)
FIGURE 014. HIP RESURFACING MARKET OVERVIEW (2016-2028)
FIGURE 015. REVISION HIP REPLACEMENT MARKET OVERVIEW (2016-2028)
FIGURE 016. HIP REPLACEMENT MARKET OVERVIEW BY IMPLANT TYPE
FIGURE 017. METAL ON METAL MARKET OVERVIEW (2016-2028)
FIGURE 018. METAL ON POLYETHYLENE MARKET OVERVIEW (2016-2028)
FIGURE 019. CERAMIC ON METAL MARKET OVERVIEW (2016-2028)
FIGURE 020. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 021. HIP REPLACEMENT MARKET OVERVIEW BY END USERS
FIGURE 022. HOSPITALS & SURGERY CENTERS MARKET OVERVIEW (2016-2028)
FIGURE 023. ORTHOPAEDIC CLINICS MARKET OVERVIEW (2016-2028)
FIGURE 024. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 025. NORTH AMERICA HIP REPLACEMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. EUROPE HIP REPLACEMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. ASIA PACIFIC HIP REPLACEMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. MIDDLE EAST & AFRICA HIP REPLACEMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. SOUTH AMERICA HIP REPLACEMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Hip Replacement Market research report is 2022-2028.
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 Hip Replacement Market is segmented into Type, Implant Type, End Users and region. By Type, the market is categorized into Total Hip Replacement, Partial Hip Replacement, Hip Resurfacing, Revision Hip Replacement. By Implant Type, the market is categorized into Metal on Metal, Metal on Polyethylene, Ceramic on Metal, Others. By End Users, the market is categorized into Hospitals & Surgery Centers, Orthopaedic Clinics, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
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 Hip Replacement Market was valued at USD 7.48 Billion in 2021 and is projected to reach USD 8.89 Billion by 2028, growing at a CAGR of 2.5% from 2022 to 2028.