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Global Hip Replacement Market Set to Reach $8.6 Billion by 2031 | Growing CAGR of 4%

03-14-2024 01:04 PM CET | Health & Medicine

Press release from: Allied Market Research (AMR)

/ PR Agency: Allied Market Research (AMR)
Global Hip Replacement Market Set to Reach $8.6 Billion by 2031 |

The global hip replacement market is poised for substantial growth, projected to reach $8.6 billion by 2031 from a valuation of $5.9 billion in 2021. This growth, representing a Compound Annual Growth Rate (CAGR) of 4% from 2022 to 2031, reflects the increasing demand for hip replacement procedures worldwide.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/A17084


Hip replacement, a surgical procedure involving the removal and replacement of portions of the pelvis and femur to alleviate pain and restore mobility, is primarily indicated for patients suffering from conditions such as osteoarthritis. The procedure becomes necessary when the hip joint is worn or damaged, causing significant discomfort even during rest.

The latest comprehensive report on the hip replacement market provides valuable insights and analysis for stakeholders, including:

๐๐ฎ๐š๐ง๐ญ๐ข๐ญ๐š๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: A detailed examination of market segments, current trends, estimations, and dynamics from 2021 to 2031 identifies prevailing opportunities in the hip replacement market.

๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ, ๐‘๐ž๐ฌ๐ญ๐ซ๐š๐ข๐ง๐ญ๐ฌ, ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ: Information on key drivers, restraints, and opportunities helps stakeholders make informed, profit-oriented business decisions.

๐๐จ๐ซ๐ญ๐ž๐ซ'๐ฌ ๐…๐ข๐ฏ๐ž ๐…๐จ๐ซ๐œ๐ž๐ฌ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Highlights the potency of buyers and suppliers, empowering stakeholders to make strategic decisions and strengthen their supplier-buyer network.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง: In-depth analysis of market segmentation assists in determining prevailing opportunities in the hip replacement market.


๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A17084


๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Major countries in each region are mapped according to their revenue contribution to the global market, providing insights into regional market trends and opportunities.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ข๐ง๐ : Analysis of market players facilitates benchmarking and provides a clear understanding of their present market position.


๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ: Major players in the global hip replacement market include Colfax Inc, Zimmer Biomet Holdings Inc, Globus Medical Inc, Conformis Inc, Merete, Smith & Nephew PLC, Stryker Corporation, MicroPort Scientific Corporation, Integra LifeSciences, B. Braun Melsungen AG, Medacta International, Corin Group PLC, Johnson & Johnson, Kyocera Corporation, Gruppo Bioimpianti s.r.l., and Exactech Inc.


๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

โ—‰ By Procedure: Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Hip Resurfacing

โ—‰ By Material: Metal-on-Metal, Metal-on-Polyethylene, Ceramic-on-Polyethylene, Ceramic-on-Metal, Ceramic-on-Ceramic

โ—‰ By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers


๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง: https://www.alliedmarketresearch.com/request-for-customization/A17084


As the demand for hip replacement procedures continues to rise globally, stakeholders across the healthcare industry must stay informed about market trends and opportunities. This report serves as an indispensable guide for navigating the evolving landscape of the global hip replacement market.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

David Correa

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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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