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Global HIP Replacement Market is estimated to reach USD 10449.5 million by 2027, growing at a CAGR of 4.5 % between 2019 and 2027
Hip replacement surgery stands among the top joint reconstruction procedural list in the overall orthopaedic industry. The market has significant opportunities to offer high-quality treatment with the availability of a wide range of hip implants. Hip replacement surgery involves a standard diagnostic and treatment procedure, which is used to treat arthroscopy, hemi arthroplasty, and resurfacing of the hip socket. Hip implant surgery involves the usage of multi-modality imaging systems, such as MRI, CT, and ultrasound, for treatment and to assist in robotic surgery. In hip replacement surgery, an incision is made along the side of the hip and a large incision is made through the muscles that keep the pelvis from rocking while one walks.
The length of recovery is related to how quickly the muscles that have been cut can heal and function in their normal way. In minimally invasive surgery, the object is to disturb the muscles and tendons as little as possible. There are three different ways of doing MIS hip surgery: the anterior approach, the posterior approach, and the anterior/posterior approach where two incisions are made. The single-incision approaches have limitations and often cannot be used because of patient size and/or the amount of deformity of the hip joint. The two-incision procedure benefits those patients who are at risk to develop bone deposits around the new hip. With conventional incisions, precautions sometimes need to be taken to prevent this extra bone growth. In MIS, this complication is unlikely to occur.
An increasing number of hip arthroplasty taking place in ambulatory surgical centres with reduced cost and waiting time will further drive the demand for hip replacement implants. The Asia Pacific will grow at the fastest rate during the forecast period, driven by growing healthcare infrastructure, rising affordability towards undergoing hip replacement procedure, high unmet needs, and growing geriatric population. Foreign investment in the region and establishment of multi-specialty hospitals performing critical orthopaedic surgeries will further drive the market for hip replacement implants.
The study covers detail analysis, growth and forecast of the HIP Replacement Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2014 to 2017 and market forecast for 2019 to 2027 based on revenue generated. The study includes market value in terms of revenue in billion USD for years 2014-27 and compound annual growth rate (CAGR) in % for from 2019-2027. The market is expected to show constant growth between 2019-2027.
The report comprises value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage. The study includes drivers and restraints for HIP Replacement Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study HIP Replacement Market helps user to make precise decision in order to expand their market presence and increase market share.
The report provides HIP Replacement Market Dynamics ,includes industry growth drivers, challenges, opportunities , risk, constraints as well as threats .Reports also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of HIP Replacement Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.
Global HIP Replacement Market: Procedure
Global HIP Replacement Market: Application
Global HIP Replacement Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global HIP Replacement Market:
Geographical analysis of Global HIP Replacement Market:
Global HIP Replacement Market Report delivers comprehensive analysis of :
| Parameters | Details |
|---|---|
Base Year | 2022 |
Historical Data | 2017-2022 |
Forecast Data | 2023-2029 |
Base Year Value (2022) | USD 8024.13 million |
Forecast Value (2029) | USD 10919.73224 million |
CAGR (2022 to 2028) | 4.5 % |
Regional Scope | North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
HIP Replacement Market was valued at around USD 8024.13 million in 2022 & estimated to reach USD 10919.73224 million by 2029.
HIP Replacement Market is likely to grow at compounded annual growth rate (CAGR) of 4.5% between 2023 to 2029.
Yes, the report includes COVID 19 impact on the market.
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