Press release
Hip Replacement Implants Market Outlook 2024: Exclusive Report By The Business Research Company
Hip Replacement Implants Market
The Business Research Company offers in-depth market insights through Hip Replacement Implants Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hip replacement implants market size has grown strongly in recent years. It will grow from $7.58 billion in 2023 to $8.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to aging population and osteoarthritis prevalence, rise in hip fractures and trauma cases, patient preference for enhanced mobility, global increase in obesity rates, rise in sports injuries impacting hips..
The hip replacement implants market size is expected to see strong growth in the next few years. It will grow to $10.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growing demand for outpatient hip replacements, innovations in implant materials, global efforts in arthritis awareness, regulatory support for innovation, environmental sustainability in healthcare.. Major trends in the forecast period include technological advancements, patient-specific implants, robot-assisted surgery, outcomes data and value-based care, customized implant options, telemedicine and remote consultations..
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9157&type=smp
Market Segmentation:
The hip replacement implants market covered in this report 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
Major Driver - Arthritis Prevalence Fuels Growth In Hip Replacement Implant Market
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. For instance, in November 2021, according to the Centers for Disease Control and Prevention, a US-based national public health agency, approximately 58.5 million adults, or 24% of all adults, have arthritis. With annual costs for medical care and lost wages of $303.5 billion, it is a primary cause of work impairment. Additionally, the majority of arthritis sufferers in the US are working-age adults (around 57.3%). Furthermore, according to the Versus Arthritis report in 2021, a US-based nonprofit organization focused on arthritis, in the UK, 20.3 million people suffer from musculoskeletal (MSK) conditions such as arthritis or back discomfort. Therefore, the increase in the prevalence of arthritis is driving the growth of the hip replacement implant market.
Competitive Landscape:
Major companies operating in the hip replacement implants market report are Zimmer Biomet Holdings Inc., DePuy Synthes, Stryker Corporation, Smith & Nephew PLC, B Braun SE, Corin Group PLC., Waldemar Link GmbH & Co KG, Wright Medical Group NV, Arthrex Inc., Corentec Co Ltd., MicroPort Scientific Corporation, Exactech Inc., DJO Global Inc., OMNI life science Inc., Integra LifeSciences Holdings Corporation, Medacta International SA, PETER BREHM GmbH, Gruppo Bioimpianti srl., Globus Medical Inc., Enovis Medical, Kyocera Corporation, Merete GmbH, Ortho Development Corporation, Shanghai MicroPort Orthopedics Inc., FH Orthopedics Inc., LimaCorporate SPA, Mathys AG Bettlach, ConforMIS Inc., AK Medical Holdings Limited, Beijing Chunlizhengda Medical Instruments Co. Ltd. .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/hip-replacement-implants-global-market-report
Top Trend - Redefining Precision And Biocompatibility In Hip Replacement Surgery
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. For instance, in June 2022, InssTek Inc., a South Korea-based leading metal 3D printing company in the additive manufacturing industry, introduced Metal Porous Coating (MPC) technology to coat and fabricate artificial hip joint and cup components to enable faster and more accurate surgeries, particularly regarding the titanium materials. Metal porous coating (MPC) is a direct energy deposition (DED) additive manufacturing technique that enables 3D printing patterns of porous structures onto the surface of artificial joints using medical-grade titanium powder to form one alloy to achieve optimal roughness and pore structure to facilitate quicker and more precise procedures with maximum biocompatibility, especially with titanium materials. InssTek successfully coated a BENCOX Mirabo Z Cup Cortinium artificial hip joint cup using MPC technology manufactured by Korean artificial limb developer Corentec, which has also received FDA approval.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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 Outlook 2024: Exclusive Report By The Business Research Company here
News-ID: 3427894 • Views: …
More Releases from The Business Research Company
Emerging Growth Patterns, Segment Analysis, and Competitive Approaches Influenci …
The multi-fiber push on (MPO) or mechanical transfer push-on (MTP) cabling assemblies market is on track for significant expansion in the coming years, driven by advancements in data transmission technology and increasing demand for efficient connectivity solutions. As digital transformation accelerates across industries, these cabling assemblies are becoming essential components in modern network infrastructure. Below is a detailed overview of the market's size, key drivers, leading players, trends, and main…
Analysis of Key Market Segments Driving the Microproteins Skincare Market
The microproteins skincare market is gaining significant traction as consumers increasingly seek effective, science-driven beauty solutions. With innovations in peptide technology and a growing focus on personalized skincare, this market is on a promising growth trajectory. Let's explore the current market size, leading players, influential trends, and segmentation details shaping this dynamic sector.
Projected Growth and Market Size of the Microproteins Skincare Market
The microproteins skincare market is projected to experience robust…
Market Trend Analysis: The Impact of Recent Innovations on the Medical Device Br …
The medical device brazing service market is on track for substantial growth in the coming years, driven by advancing technologies and evolving healthcare needs. As the demand for reliable and efficient medical devices rises, the brazing services that enable precision joining of components are becoming increasingly vital. Let's explore the market size projections, key players, segmentation details, and emerging trends shaping this industry.
Medical Device Brazing Service Market Size and Growth…
Segmentation, Major Trends, and Competitive Overview of the Lifestyle-Related Di …
The lifestyle-related disease supplements market is rapidly evolving as consumers become more health-conscious and proactive about managing chronic conditions linked to lifestyle choices. With an aging global population and increasing disposable incomes, this sector is set for impressive growth. Let's explore the market size, key players, trends, and segmentation that are shaping its future trajectory.
Projected Market Size and Growth Rate for Lifestyle-Related Disease Supplements
The lifestyle-related disease supplements market is on…
More Releases for Hip
Rising Incidences Of Hip Injuries Is A Catalyst For The Surge In Hip Replacement …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Hip Replacement Market Size By 2025?
The overall scale of the hip replacement sector has seen consistent upward movement lately, projected to expand from $7.37 billion this year to $7.71 billion by next year, reflecting a compound annual growth rate of 4.6%; this historical expansion…
Gospel Hip Hop and Christian Hip Hop has Its Hall of Fame: Emcee N.I.C.E. Induct …
Dr. Aulsondro "Novelist" Hamilton, professionally known as Emcee N.I.C.E., was honored with a prestigious induction into the Gospel Hip Hop and Christian Hip-Hop Hall of Fame during a remarkable ceremony held at the Black Wall Street Market in Atlanta, Georgia.
The establishment of a Gospel Hip Hop (GHH) and Christian Hip Hop (CHH) Hall of Fame was created to provide long-overdue recognition to artists who have made significant contributions to the…
Hip Replacement Market - Restoring Motion, Reclaiming Life: Hip Replacement for …
Newark, New Castle, USA: The "Hip Replacement Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Hip Replacement Market: https://www.growthplusreports.com/report/hip-replacement-market/7789
This latest report researches the industry structure, sales, revenue,…
Have Hip Pain? See The Total Hip Replacement Guide
Regardless of whether you have just started started investigating treatment choices or have effectively chosen to a hip replacement medical procedure, we hope this data will enable you to comprehend the advantages and disadvantages of total hip replacement surgery. This article depicts how typical hip functions, the reasons for hip pain, what’s in store from with a THR (Total Hip Replacement), and what activities and exercises will help reestablish your…
HIP Replacement Devices Market Report 2018: Segmentation by Product (Product (Pr …
Global HIP Replacement Devices market research report provides company profile for Zimmer Inc. (U.S.), DePuy Synthes (U.S.), Stryker (U.K.), Smith & Nephew (U.K.), B. Braun Melsungen AG (Germany), Corin (U.K.), and Waldemar LINK GmbH & Co. KG (Germany) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume,…
Hip Replacement Implant Market: Rising Incidence of Hip Bone Disorders Fuels Gro …
The top three players in the global hip replacement market, collectively, contributed 74.7% of the overall revenue generation of the market in 2015, indicating towards consolidated nature of this arena. These players are Johnson & Johnson, Zimmer Biomet Holdings Inc., and Stryker Corporation. Transparency Market Research (TMR) observes that strong portfolio, high geographic outreach, and strong brand recognition are some of the factors contributing to the dominance of these companies.…
