Hip Replacement Market Share, Revenue, Trends, Business Growth, Demand Penetration and Forecast to 2019 - 2027

                                                                           
Hip replacement is a surgical operation in which a prosthetic implant is used to replace a hip joint.

             Hip Replacement Market




Hip replacement is a surgical operation in which a prosthetic implant is used to replace a hip joint. The procedure can be done as a full replacement or as a hemi (half) replacement. The procedure is frequently performed to treat discomfort caused by arthritis or a hip fracture. Osteoarthritis has become more common in recent years. Furthermore, it is more prevalent among the ageing population, which has been growing in recent years. The key driving force behind this industry is the rising prevalence of osteoarthritis. Other factors, such as an increase in the number of injuries and an increase in the world's obese population, are also contributing to the market's growth. However, the operation is quite expensive, and it may operate as a financial burden on patients, limiting the expansion of the business.


The increase in the geriatric population is likely to promote the growth of the Hip Replacement Market over the forecast period. Furthermore, technological advancements are moving the hip replacement industry forward. Furthermore, the rise in popularity of minimally invasive treatments is expected to stifle the market for hip replacement implants. On the other side, rising surgical costs are expected to stifle the expansion of the hip replacement market over the forecast period. Furthermore, the increasing use of hip implants and acceptance of total hip replacement will give prospective growth possibilities for the hip replacement market in the approaching years. However, a scarcity of educated specialists and strict product approval rules may limit the growth of the hip replacement market in the near future.


Market Segmentation:

By Type
  • Total Hip Replacement Implant
  • Partial Hip Replacement Implant
  • Hip Resurfacing Implant
  • Revision Hip Replacement Implant

By Application
  • Hospitals
  • Orthopedics Clinics
  • Ambulatory Surgical Centers

The major players operating in the global hip replacement market include, Depuy Synthes (Johnson & Johnson), Microport Scientific Corporation, Zimmer Biomet, Exactech Inc., DJO Global Inc., Stryker Corporation, B. Braun Melsungen, and Smith & Nephew.

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