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Hip Replacement Devices Market Report By Market Data Forecast 2023

08-27-2018 11:07 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Data Forecast

Hip Replacement Devices Market Report By Market Data Forecast

Market Overview:
In the year 2018 Global Hip replacement devices Market was valued at USD 5.42billion. By the year 2023, it is predicted to reach USD 6.34 billion with pace of 3.2% CAGR.

Osteoarthritis is the most common joint disease which is mainly caused in the hip, knee, spine, shoulder, and ankle. Hip replacement is an invasive surgical procedure which is used in the treatment of damaged hips caused due to arthritis, fracture, or any other musculoskeletal disorders. Hip replacement is considered as a safe and effective procedure, which can relieve severe pain, and help the individuals to get back to daily activities such as mobility, walk, climb stairs, and enable them to perform simple exercises.

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Factors affecting market growth:
• Rising geriatric and obese population across the globe. (+)
• Increasing incidences of accidents globally. (+)
• Rising prevalence of osteoarthritis disorders. (+)
• Technological advancements for minimally invasive surgeries used in the artificial hip replacement surgery. (+)
• Introduction of new products like mobile bearing hip implant. (+)
• Increasing healthcare expenditure. (+)
• Growing awareness about hip replacement among the global population. (+)
• Stringent Regulations for approving new products. (-)
• Risks of complications after surgery. (-)
• High cost of treatment. (-)

Get your customized report: https://www.marketdataforecast.com/market-reports/hip-replacement-devices-market-4239/customize-report

Market Segmentation
The Global Hip replacement devices Market is geographically segmented into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
North America holds the largest market share followed by Europe in the Global Hip replacement devices Market. Asia-Pacific is rapidly growing in the Hip replacement devices Market due to increasing of aging population, rising incidences due to road accidents, improving healthcare infrastructure and increasing healthcare expenditures are expected to register a significant growth rate for hip replacement devices market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/hip-replacement-devices-market-4239/

Key players:
Major companies for Global Hip replacement devices Market are OMNIlife science, Inc., Smith & Nephew, Zimmer Biomet Holdings, Inc., Stryker Corporation, B. Braun Melsungen AG, Exactech, Inc., DJO Global, Inc., Johnson & Johnson, MicroPort Scientific Corporation.

Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

About MarketDataForecast
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Info:
Abhishek Shukla
Sales Manager
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com

Hyderabad

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