Press release
Hip Replacement Market Expected to Reach $8.6 Billion by 2031
Hip Replacement Market
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Conformis Inc, Corin Group PLC, Medacta International, Zimmer Biomet Holdings Inc, Johnson & Johnson, Integra LifeSciences, Merete, Exactech Inc, MicroPort Scientific Corporation, Globus Medical Inc, Kyocera Corporation, Gruppo Bioimpianti s.r.l., Smith & Nephew PLC, Colfax Inc, Stryker Corporation, B. Braun Melsungen AG
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/17472
The increase in prevalence of orthopedic diseases and rise in incidence of hip injuries drives the Hip Replacement Market growth. The bone diseases such as osteoarthritis, rheumatoid arthritis, osteonecrosis, fractures, and bone tumors are the conditions that commonly require surgical intervention. While a number of conditions can cause hip pain, hip replacement is reserved for individuals with extensive hip damage. Furthermore, rise in number of geriatric populations boosts the growth of hip replacement market. The elderly people are more prone to dental problems and orthopedic diseases. Thus, geriatric population signifies increase in patients of chronic diseases. For instance, according to the World Health organization (WHO), by 2050, the world's population of people aged 60 years and older is expected to reach 2.1 billion.
The partial hip replacement is commonly done for hip fractures. The prevalence of road accidents and acquired hip injuries drives the growth of market. For instance, as per the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) report published in February 2022, an estimated 31,720 people died in motor vehicle traffic crashes from January through September 2021, an increase of approximately 12% from the 28,325 fatalities projected for January to September of 2020.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/17472
North America accounted for a majority of the global hip replacement market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of orthopedic diseases, well established healthcare infrastructure and presence of key players in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in incidences of hip injury, growth in geriatric population and high population base.
๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐:
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