Hip Replacement Implants Market 2018-2026 | Size, Share and Forecast | Credence Research

The global hip replacement implants market was valued at US$ 7,202.5 Mn in 2017 expanding at a CAGR of 3.6% from 2018 to 2026.

SANJOSE, United States - March 11, 2019 /MarketersMedia/ —

The latest market report published by Credence Research, Inc. "Hip Replacement Implants Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026," the global market for hip replacement implants was valued at US$ 7,202.5 million in 2017, expanding at a CAGR of 3.6 percent from 2018 to 2026.

Market Insights
The global market for hip replacement implants is driven by increasing numbers of hip arthroplasty around the globe, increasing prevalence of osteoporosis, osteoarthritis, and hip disorders leading to hip replacement surgery. Growth in trauma and injuries has also boosted the number of hip arthroplasty in recent years. Product innovation and continuous research and development to improve hip systems and materials is the major driver of increased demand for hip replacement implants. Many studies have highlighted the benefits of replacement surgery in reducing pain, improving quality of life, and overall health care and resource costs. However, the cost of the overall procedure acts as an impediment to the growth of hip replacement implants, especially in developing countries with unorganized insurance and reimbursement structure. In terms of material type, the market for hip replacement implants was dominated by the market segment of metal-on-polyethylene.

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The use of enhanced antioxidant polyethylene has resulted in reduced implant wear and osteolysis. Ceramic-on-polyethylene is also expected to show high growth rates during the forecast period. In term of end-user, hospitals end-user segment held the largest share in the global hip replacement implants market owing to higher number of surgeries in the hospitals. However, ambulatory surgical centers is projected to exhibit highest growth rate during the forecast period due to lowered cost of procedure and waiting time for procedure as compared to hospitals. According to a study, close to 236,733 hip surgeries were carried out in ambulatory surgical centers in the North America in 2017, and expected to grow steadily during the forecast period.

On the basis of geography, North America held the largest market in the global hip replacement implants market on account of rise in the orthopedic ailments, better healthcare access, early entry of novel technologies and early acceptance of the same by the healthcare practitioners and patients. Moreover, systematic reimbursement scenario and insurance structure further drive the market. It is estimated that more than 300,000 total hip replacement are performed in U.S. each year. Rising number of hip arthroplasty taking place in ambulatory surgical centers with reduced cost and waiting time will further drive the demand for hip replacement implants. Asia Pacific will grow at 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 orthopedic surgeries will further drive the market for hip replacement implants. The key players currently engaged in hip replacement implants market include Zimmer Biomet Holdings, DePuy Synthes, Inc., Stryker Corporation, MicroPort Scientific Corporation, B. Braun Melsungen AG, Smith & Nephew Plc, DJO Global, Exactech, Inc. and Corin Orthopedics Holdings Ltd among others.

Key Market Movements:
Growing prevalence of osteoarthritis and other orthopedic ailments
Growing awareness and affordability of hip replacement procedures globally
Technological developments in the implants with better patient outcomes and reduced post-surgical complication
High growth in the developing region such as Asia Pacific, Latin America and Middle East & Africa

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ToC:
Chapter 3. Hip Replacement Implants: Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Hip Replacement Implants Market, by Key Players, 2017

Chapter 4. Global Hip Replacement Implants Market, by Product Type, 2016-2026 (US$ Mn)
4.1. Overview
4.2. Femoral Reconstruction
4.3. Acetabular Reconstruction
4.4. Bearing and Porous Metal Technologies

Chapter 5. Global Hip Replacement Implants Market, by Material, 2016-2026 (US$ Mn)
5.1. Overview
5.2. Metal-on-metal
5.3. Metal-on-polyethylene
5.4. Ceramic-on-metal
5.5. Ceramic-on-polyethylene
5.6. Ceramic-on-ceramic

Chapter 6. Global Hip Replacement Implants Market, by End-User Type, 2016-2026 (US$ Mn)
6.1. Overview
6.2. Hospital
6.3. Ambulatory Surgical Centers
6.4. Specialty Clinics
...............
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Chapter 8. Company Profiles
8.1. B. Braun Melsungen AG
8.1.1. Business Description
8.1.2. Financial Information (Subject to Data Availability)
8.1.3. Product Portfolio
8.1.4. News Coverage
8.2. Stryker Corporation
8.3. DePuy Synthes, Inc. (A J&J Company)
8.4. Zimmer Biomet Holdings, Inc.
8.5. Smith & Nephew plc.
8.6. MicroPort Scientific Corporation
8.7. Corin Orthopaedics Holdings Limited
8.8. Japan MDM, Inc.
8.9. Exactech, Inc.
8.10. OMNIlife science, Inc.
8.11. DJO Global, Inc.
8.12. United Orthopedics Corporation
.........................toc continued

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