openPR Logo
Press release

Hip Replacement Implants Market Development and Future Demand Analysis Report to 2031

08-05-2022 11:25 AM CET | Health & Medicine

Press release from: Transparency Market Research

Hip Replacement Implants Market: Introduction

According to the report, the global hip replacement implants market was valued at US$ 5 Bn in 2020 and is projected to expand at a moderate CAGR from 2021 to 2031.

The hip replacement implant is a device used in hip replacement surgery for damaged hip joint. The hip replacement surgery is widely performed and is known as total hip arthroscopy, wherein a surgeon replaces the old joint with an artificial one. Various types of arthritis such as osteoarthritis, rheumatoid arthritis, traumatic arthritis, and osteonecrosis are the common factors for hip replacement surgery.

Read Report Overview: https://www.transparencymarketresearch.com/hip-replacement-implants-market.html

Hip replacement implants are broadly classified into total hip replacement implants, partial hip replacement implants, hip resurfacing implants, and revision hip replacement implants.

Total hip replacement implants are divided into fixed bearing hip implants and mobile-bearing total hip implants. The hip replacement surgery is performed usually due to fracture or injury to the hip, or osteoarthritis. Osteoarthritis is an age-related joint disease that can cause hip pain due to inflammation and wearing down of the joint over time.

Technological Advancements to Create Significant Opportunities in Global Market
Technological advancements lead to the development of customized hip replacement implants.

Traditional implants are available in one size and incorporated in a patient body by removing excess bone, thereby creating limitations in a patient's body. Hence, companies offer customized hip replacement implants as per the patient's body and condition.

Request Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1901

Innovations in materials are likely to boost the growth of the global hip replacement implants market. Traditional materials used in making hip replacement implants comprise alloys, plastics, and others.

Presently, surgeons have adopted advanced materials such as ceramic, advanced plastics, and strong metals to manufacture hip implants.

The faster adoption of these materials present opportunities to companies to expand product offerings and in innovations.

Hip Replacement Implants Market: Prominent Regions

The global hip replacement implants market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America dominated the global hip replacement implants market in 2020, followed by Europe and Asia Pacific.

Rise in number of surgical procedures for hip replacement implant, strong presence of key players, and technological advancements leading to product innovation and offerings are projected to propel the hip replacement implants market in North America during the forecast period.

Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1901

The hip replacement implants market in Asia Pacific is anticipated to expand at a higher CAGR from 2021 to 2031. The rise in the demand for total hip implant surgical procedures due to increase in awareness about reconstructive procedures fuels the demand for hip replacements in Asia Pacific.

The demand for hip replacement treatments is high in countries such as Singapore, India, China, South Korea, and Japan. Surge in emergency room procedures and increase in affordability of hip replacement surgeries are anticipated to drive the demand for better quality hip implants.

Product Launch and Innovation by Key Players to Drive Global Market

The global hip replacement implants market is consolidated in terms of number of players. The market is dominated by key players who focus on implementing strategies such as development of new products, incorporation of technology in expansion of product line, and mergers & acquisitions.

Key players in the global market include Stryker, Zimmer Biomet, DePuy Synthes Companies (Johnson & Johnson), Smith & Nephew, Wright Medical Group, MicroPort Scientific Corporation, Exactech, Inc., OMNIlife science, Inc., B. Braun Melsungen AG, and DJO Global, Inc.

Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=1901

In June 2020, Smith & Nephew announced achieving milestone of performing two million procedures through its OXINIUM Advanced Bearing System. According to research, OXINIUM is a flagship bearing material of the company, with strength & resistance properties of metal and ceramic.

This is likely to boost demand and strengthen the company's product portfolio. In April 2021, Stryker entered into national partnership with Minor League Baseball and designated the company as "The Official Smart Robotics" and Joint Replacement Partner of minor league baseball.

In February 2021, Microport Orthopedics announced expansion of the Hip Stem portfolio by launching HA Coated Collared Hip Stem and Cemented Collared Hip Stem, which provides surgical flexibility for patient treatment.

More Trending Reports by Transparency Market
Research -

Plasma Sterilizers Market: https://www.transparencymarketresearch.com/plasma-sterilizers-market.html

Pulmonary Drug Delivery Devices Market: https://www.transparencymarketresearch.com/pulmonary-drug-delivery-devices-market-2018-2026.html

Lactate Meters Market: https://www.transparencymarketresearch.com/lactate-meters-market.html

Defibrillators Market: https://www.transparencymarketresearch.com/defibrillators-market.html

Coated Endotracheal Tube Market: https://www.transparencymarketresearch.com/coated-endotracheal-tubes-market.html

Surgical Microscopes Market: https://www.transparencymarketresearch.com/surgical-microscopes-market.html

Pericardial Patches Market: https://www.transparencymarketresearch.com/pericardial-patches-market.html

Wearable Bioelectronic Skin Patches Market: https://www.transparencymarketresearch.com/wearable-bioelectronic-skin-patches-market.html

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

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 Hip Replacement Implants Market Development and Future Demand Analysis Report to 2031 here

News-ID: 2698849 • Views:

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internet
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 …
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:

All 5 Releases


More Releases for Market:

India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned? In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects. The International Technology Roadmap for Semiconductors (ITRS) has emphasized
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by
Global Organic Food & Beverage Market | Market Size, Market Share, Market Trends …
The term 'organic' has gained much popularity since the last decade, which refers to the process of how certain foods are produced. Organic food is grown without the use of synthetic chemicals, such as human-made pesticides and fertilizers, and does not contain genetically modified organisms (GMOs). According to the recently published report titled, 'Global Organic Food & Beverage Outlook, 2026', by Bonafide Research the organic foods & beverage industry has
Robotic Cardiology Surgery Market Insights Includes Market Share, Market Researc …
Robotic Cardiology Surgery Market Global demand for cardiac surgery robots in 2025 will explode to $XXX billion. This represents an astonishing XX% growth yearly in terms of annual revenue between 2016 and 2025, and a cumulative market total of $7.50 billion during 2017-2025 owing to the substantial increase of robot-based and computer-assisted cardiological surgery procedures for heart disorders. Global Robotic Cardiology Surgery Market 2016-2025: Market Size, Share, Forecast and Strategy is based
Educational Robots Market, Market Segmentation, Market Report, Market Forecast
Global Educational Robots market valued USD 670 Million in 2017 and is likely to grow more than USD 2339.8 Million by 2025 with a compounded annual growth of 16.92% over the forecast period 2018-2025. The market growth is primarily driven by technological enhancements in the field of robotics and increasing use of robots for educational purposes. However, high initial research and development expenses hamper market growth. The main function of