Press release
How COVID-19 Impacting Hip Replacement Market ? Top Key Players : Exactech Inc. , Stryker , B. Braun Melsungen AG , Bioimpianti , Zimmer Biomet , MicroPort Scientific Corporation , DePuy Synthes (Johnson & Johnson Services, Inc.) ,Conformis , Smith & Neph
Hip Replacement Market
According to the report, the hip replacement market size is prognosticated to be worth USD 10.51 billion by the end of 2026 from USD 7.13 billion in 2018. The market is expected to grow at a CAGR of 5.0% within the forecast period of 2019 to 2026. As per current hip implants market trends, the market is dominated by hospitals and ambulatory centers segment, with respect to end-user. This is attributable to the rise in the number of hip arthroplasty implants in hospitals and the rapid adoption of robots for replacement surgeries.
Request a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/hip-replacement-implants-market-100247
The report covers :
o Global hip replacement market trends, with detailed analysis on consumer trends & manufacturer trends.
o Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
o Key areas of investments identifying market opportunities and challenges in forecast time frame.
o Competitive analysis of the industry players along with the overview on strategic management.
o Comprehensive company profiles of the major industry players.
An Overview of the Impact of COVID-19 on this Market :
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this [Market].
Please visit : https://www.fortunebusinessinsights.com/industry-reports/hip-replacement-implants-market-100247
Leading Players operating in the Hip Replacement Market are :
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
o Exactech, Inc.
o Stryker
o B. Braun Melsungen AG
o Bioimpianti
o Zimmer Biomet
o MicroPort Scientific Corporation
o DePuy Synthes (Johnson & Johnson Services, Inc.)
o Conformis
o Smith & Nephew plc
Increase in Preference for Customized Hip Implants to Drive Market
The increasing geriatric population and their vulnerability to various health issues of the bones is a major driver for the hip replacement market growth.In addition, the increasing prevalence of osteoarthritis is adding a boost to the market and further expected to do the same in the coming years.In addition, there is a surge in demand for partial replacement surgeries. This, coupled with the advent of robot-assisted hip implants will help boost the hip replacement market shares in the coming years.
Moreover, the rise in preference for customized implants for both female and male patients is likely to drive the market. This is attributable to the introduction of 3D printing technology for the manufacturing of customized implants. Furthermore, government-supported health reimbursement policies set to provide affordable and quality care to all patients are anticipated to create lucrative growth opportunities for the market in the long run.
North America to Dominate Market with New Product Launches and Strategic Company Collaborations
The globalhip replacement market is classified geographically into five major regions namely Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa regions. In the current scenario, the market is dominated by North America with a hip replacement market revenue of USD 2.52 billion in 2018. This is on account of the surge in the number of hip replacement prostheses, rise in strategic collaborations among market vendors and new product launches. The launch of MiniMAX Hip, by Medacta International, was announced in November 2017. It is a cementless stem that will serve as an option for minimally invasive hip replacement surgery for surgeons in the U.S. Such innovations are likely to bode well for the market in the long run.
On the other hand, the market in Asia Pacific is expected to witness significant growth in the forecast duration on account of the increasing prevalence of hip osteoarthritis serving most of the geriatric population in the region. For instance, the Surgical Variance Report of 2107 reported the funding of about 9,947 hip procedures in private hospitals by a private health insurer in Australia called Medibank Private Limited during 2015-2016. Such health reimbursement policies are prognosticated to augment the hip implants market share in Asia Pacific.
Besides this, improving medical tourism and distribution network scenarios in Latin America are further expected to promote the growth of the market in the region. Europe market will also witness progressive growth rates on account of the rise in demand for customized implants and a rise in the number of hip replacement implant surgeries.
Have Any Query? Ask Our Experts :
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/hip-replacement-implants-market-100247
About Us:
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM) we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges
Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Linkedin | Twitter | BLogs
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release How COVID-19 Impacting Hip Replacement Market ? Top Key Players : Exactech Inc. , Stryker , B. Braun Melsungen AG , Bioimpianti , Zimmer Biomet , MicroPort Scientific Corporation , DePuy Synthes (Johnson & Johnson Services, Inc.) ,Conformis , Smith & Neph here
News-ID: 2046306 • Views: …
More Releases from Fortune Business Insights
Reverse Flame Steam Boiler Market 2023 Dynamics, Major Players, SWOT Analysis, a …
Overview of the Global Reverse Flame Steam Boiler Market 2030:
The report discusses everything a marketer requires before investing in the global Reverse Flame Steam Boiler Market during the forecast period 2023-2030. Reverse Flame Steam Boiler Market Size, Share And Global Trend By Capacity (Up to 100kW, 100-1000 kW, Above 1000 kW), By End-Use (Food Industry, Chemical Industry, Refineries, Metal Industry, Power Plant), And Geography Forecast Till 2022-2029. It provides detailed…
Syngas and Derivatives Market Research Analysis, Size, Share, Growth Highlights …
Overview of the Global Syngas and Derivatives Market 2030:
The report discusses everything a marketer requires before investing in the global Syngas and Derivatives Market during the forecast period 2023-2030. Syngas and Derivatives Market Size, Share and Global Trend By Feedstock(Coal, Petroleum, Natural Gas, Biomass), By Technology(Partial Oxidation, Steam Reforming, Auto-Thermal Reforming, and others), By End User(Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels), and Geography Forecast till 2022-2029. It provides detailed…
Port equipment Market Will Experience An Upswing In Demand, Driven By Top Player …
The Port equipment Market Research Report provides an in-depth analysis of the market landscape and identifies future growth opportunities and trends until 2030. By offering valuable insights, the report enables companies to make informed decisions on business strategies and identify potential areas for growth. With a comprehensive assessment of the market, it equips businesses with the necessary tools to stay ahead of the competition.
With this Port equipment Market research report,…
Modular Chillers Market to reach USD 6.13 billion by 2026, at a CARG of 6.2% | L …
The Modular Chillers Market Report 2023 by Fortune Business Insights provides a comprehensive overview of the market's latest trends, size, regulations, key players, and strategies. The report offers valuable insights into the market's sales and revenue, product type, applications, regions, and leading players. Modular Chillers Market report also covers key players and competitor analysis, providing a comprehensive understanding of the industry's commercial landscape. The report is useful for gaining insights…
More Releases for Hip
New York Hip Hop Singer McMsMula Makes Stylish Hip Hop Beat which you will Never …
The faultless music by McM$Mula showcases greatness and enigma which you will love to hear. He has come with some of his brilliant composition which has something remarkable. The effective kind of hook and the strength he has shown is excellent. The hook fits well with him and that too in a fascinating way. Every track he has come with is crazy and incredible. The movement and the creativity he…
Have Hip Pain? See The Total Hip Replacement Guide
Regardless of whether you have just started started investigating treatment choices or have effectively chosen to a hip replacement medical procedure, we hope this data will enable you to comprehend the advantages and disadvantages of total hip replacement surgery. This article depicts how typical hip functions, the reasons for hip pain, what’s in store from with a THR (Total Hip Replacement), and what activities and exercises will help reestablish your…
HIP Replacement Devices Market Report 2018: Segmentation by Product (Product (Pr …
Global HIP Replacement Devices market research report provides company profile for Zimmer Inc. (U.S.), DePuy Synthes (U.S.), Stryker (U.K.), Smith & Nephew (U.K.), B. Braun Melsungen AG (Germany), Corin (U.K.), and Waldemar LINK GmbH & Co. KG (Germany) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume,…
In-depth research on Hip Replacement: Availability of New and Advanced Hip Impla …
The report analyzes and presents an overview of "Global Market Study on Hip Replacement: Availability of New and Advanced Hip Implants Boosting Revenue Growth" worldwide.
Get Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/1834493
Global Hip Replacement Market: Overview
This report on the global hip replacement market is a business and commerce publication developed by professional and experienced research analysts as aspired to serve as a reliable decision-making tool for its targeted audiences such…
Hip Replacement Implant Market: Rising Incidence of Hip Bone Disorders Fuels Gro …
The top three players in the global hip replacement market, collectively, contributed 74.7% of the overall revenue generation of the market in 2015, indicating towards consolidated nature of this arena. These players are Johnson & Johnson, Zimmer Biomet Holdings Inc., and Stryker Corporation. Transparency Market Research (TMR) observes that strong portfolio, high geographic outreach, and strong brand recognition are some of the factors contributing to the dominance of these companies.…
Bernstein Liebhard LLP Applauds FDA’s Request that Hip Manufacturers Produce D …
Bernstein Liebhard LLP Applauds FDA’s Request that Hip Manufacturers Produce Data on Metal Poisoning and Hip Implants
New York 5/12/2011 04:40 PM GMT (TransWorldNews)
On May 6, 2011, the U.S Food and Drug Administration (“FDA”) ordered 21 medical device manufacturers, including Johnson & Johnson, Zimmer and Stryker, to conduct post-market analysis to determine whether their metal-on-metal hip replacement implants put patients at an increased risk for chromium and cobalt poisoning. …
