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Hip Replacement Implants Market Analysis (2023-2032)- Insights, Business Growing Strategies, International Expansion, Industry Segmentation And Emerging Trends | Major Players Are Zimmer Biomet, DePuy Synthes Companies (Johnson & Johnson), Stryker Corpora
Hip Replacement Implants Market
Hip Replacement Implants Market Size, Growth Rate, And Forecast:
The global hip replacement implants market size is expected to grow from $7.08 billion in 2022 to $7.51 billion in 2023 at a compound annual growth rate (CAGR) of 6.03%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hip replacement implants market size is expected to reach $9.58 billion in 2027 at a CAGR of 6.27%.
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Hip Replacement Implants Market Drivers:
The increase in the prevalence of arthritis is expected to propel the growth of the hip replacement implant market going forward. Arthritis refers to swelling and tenderness of one or more joints, which leads to severe pain in bones and joints. Osteoarthritis and rheumatoid arthritis are common types of arthritis. Hip replacement implants are commonly used in hip replacement surgeries, or hip arthroplasty, in the treatment of arthritis to address hip pain and restore its functioning, in which surgeons replace damaged or non-functioning parts of the hip joint with artificial implants.
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Hip Replacement Implants Market Segments:
By Product Type: Femoral Reconstruction, Acetabular Reconstruction, Hip Resurfacing, Revision Hip Implants, Bearing And Porous Metal, Total Replacement Implants
By Component: Ace Tabular Cup Systems, Hip Stem Systems, Revision Accessories And Components
By Material: Metal-On-Metal, Metal-On-Polyethylene, Ceramic-On-Metal, Ceramic-On-Polyethylene, Ceramic-On-Ceramic
By End-User: Orthopedic Clinics, Hospitals, Surgical Centers
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hip Replacement Implants Market.
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Hip Replacement Implants Market Key Players:
Major competitors in the Hip Replacement Implants Market include Zimmer Biomet, DePuy Synthes Companies (Johnson & Johnson), Stryker Corporation, Smith & Nephew PLC, B. Braun SE, Corin Group, Waldemar Link GmbH & Co. KG.
The Business Research Company's "Global Hip Replacement Implants Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Hip Replacement Implants Market Include:
1. Executive Summary
2. Hip Replacement Implants Market Characteristics
3. Hip Replacement Implants Market Trends And Strategies
4. Hip Replacement Implants Market - Macro Economic Scenario
5. Hip Replacement Implants Market Size And Growth
……
26. Africa Hip Replacement Implants Market
27. Hip Replacement Implants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hip Replacement Implants Market
29. Hip Replacement Implants Market Future Outlook and Potential Analysis
30. Appendix
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