Hip Replacement Market Future Scope to Expand by Top Players: Depuy Synthes, Microport Scientific Corporation, Zimmer Biomet

Hip Replacement is a surgical operation in which the old hip joint is replaced with a prosthetic hip joint, which is a hip joint implant. Hip replacement surgery may be performed as either a partial replacement or a total hip replacement. The name "hip replacement" is used to collectively describe the operations that replace the hip and the condition of hip fractures that may have occurred in the patient.

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Considering the geographical impact, North America seems to be gaining promising traction in the hip replacement market. This is due to the fact that there is the presence of key industry players as well as favorable healthcare infrastructure. Besides, a rising number of sports-related injuries could aid the regional market growth. On the contrary, Asia Pacific is exhibiting lucrative signs for the adoption of hip replacement surgeries and devices due to rising geriatric population in the region.

Hip replacement surgeries and devices are typically required in bone injuries and bone-related diseases, which include osteoarthritis, osteoporosis, and more. As per the Centers for Disease Control and Prevention (CDC), in 2015, around 54.4 million adults in the U.S. suffered from osteoarthritis, which is expected to increase to 78 million by 2040. Such high prevalence of osteoarthritis has increased the demand for relevant surgeries and medical devices. Hence, these factors can potentially stimulate growth of the hip replacement market.

Recently, in July 2020, Smith+Nephew, a U.K.-based medical technology company, launched RI.HIP NAVIGATION for total hip arthroplasty (THA).

Hip replacements are frequently performed for both cosmetic and functional reasons. Hip replacements are typically recommended for patients who are approaching the age of 50 years, although they are also frequently performed on younger individuals who experience an aggravation of the hip-related problems that developed over time, after the age of fifty. Regardless of its high demand, certain aspects of the market can potentially prove to be an impediment. For instance, hip replacement surgery is highly expensive with associated medical devices being costly. Besides, there is a lack of awareness in rural areas of many emerging economies that can potentially restrict growth of the hip replacement market in the near future.

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Major Market Competitors: Depuy Synthes (Johnson & Johnson), Microport Scientific Corporation, Zimmer Biomet, Exactech Inc., DJO Global Inc., Stryker Corporation, B. Braun Melsungen, and Smith & Nephew.

𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬?

𝐖𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐛𝐞 𝐢𝐧 𝟐𝟎𝟐𝟕?

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐦𝐚𝐫𝐤𝐞𝐭?

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐠𝐫𝐨𝐰𝐭𝐡?

𝐖𝐡𝐨 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭?

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐭𝐡𝐫𝐞𝐚𝐭𝐬 𝐟𝐚𝐜𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬?

𝐖𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 𝐢𝐧 𝟐𝟎𝟐𝟕?

𝐖𝐡𝐢𝐜𝐡 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐚𝐫𝐞 𝐮𝐬𝐞𝐝 𝐛𝐲 𝐭𝐨𝐩 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐊𝐤𝐤 𝐌𝐚𝐫𝐤𝐞𝐭?

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