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Hip Replacement Implants Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Zimmer Biomet, DePuy Synthes Companies (Johnson & Johnson), Stryker Corporation, Smith & Nephew PLC
Hip Replacement Implants Global Market Report
The Business Research Company's Hip Replacement Implants Global Market Report 2023 identifies 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.
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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Major players in the hip replacement implants market are Zimmer Biomet, DePuy Synthes Companies (Johnson & Johnson), Stryker Corporation, Smith & Nephew PLC, B. Braun SE, Corin Group, Waldemar Link GmbH & Co. KG, Wright Medical Group, Arthrex, Inc., Corentec Company Ltd., MicroPort Scientific Corporation, Exactech, Inc., DJO Global, Inc., OMNI life science, Inc., Integra LifeSciences, Medacta International and PETER BREHM GmbH.
A key trend in the Hip Replacement Implants market includes the Technology advancement is a key trend gaining popularity in the hip replacement implant market. Major companies operating in the market are focused on research and development for innovative new technologies to sustain their position in the market.
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The Hip Replacement Implants market is segmented -
1) By Product Type: Femoral Reconstruction, Acetabular Reconstruction, Hip Resurfacing, Revision Hip Implants, Bearing And Porous Metal, Total Replacement Implants
2) By Component: Ace Tabular Cup Systems, Hip Stem Systems, Revision Accessories And Components
3) By Material: Metal-On-Metal, Metal-On-Polyethylene, Ceramic-On-Metal, Ceramic-On-Polyethylene, Ceramic-On-Ceramic
4) 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.
The Business Research Company's "Global Hip Replacement Implants Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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