Global Hip Replacement Implants Strategic Business Report 2023: Rising Aging Population and Increase in Hip-Related Conditions to Drive Demand
Global Market for Hip Replacement Implants
Dublin, June 08, 2023 (GLOBE NEWSWIRE) -- The "Hip Replacement Implants: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Hip Replacement Implants estimated at US$14.1 Billion in the year 2022, is projected to reach a revised size of US$18.7 Billion by 2030, growing at a CAGR of 3.5% over the analysis period 2022-2030.
Total Hip Replacement Implant, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$8.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Partial Hip Replacement Implant segment is readjusted to a revised 3.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 6% CAGR
The Hip Replacement Implants market in the U.S. is estimated at US$3.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.9% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 2.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Billion by the year 2030.
Select Competitors (Total 38 Featured) -
B. Braun Melsungen AG
DJO Global, Inc.
Exactech, Inc.
MicroPort Scientific Corporation
OMNIlife science, Inc.
Smith & Nephew PLC
Stryker Corporation
Zimmer Biomet Holdings, Inc.
Key Attributes:
Report Attribute | Details |
No. of Pages | 192 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $14.1 Billion |
Forecasted Market Value (USD) by 2030 | $18.7 Billion |
Compound Annual Growth Rate | 3.6% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Hip Implants: A Prelude
Global Hip Replacement Implants Market Poised for Healthy Growth, Driven by Technological Innovations and Increasing Hip Fractures
Total Hip Replacement Implants Segment Dominates the Market
Metal-on-Plastic Hip Implants Hold a Significant Market Share, Driven by the Advantages Offered
Increasing Demand for Ceramic Hip Implants
3-D Printing Technology to Aid Hip Implants Market
Hip Replacement Implants - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growth in Number of Hip Replacement Procedures - A Key Driver for the Hip Replacement Implant Market
Rising Aging Population and Increase in Hip-Related Conditions to Drive Demand for Hip Replacement Implants
Increasing Healthcare Expenditure Drives Demand for Hip Replacement Implant Market
Rising Incidence of Osteoporosis Leading to Hip Fractures Results in Increased Demand for Hip Implants
Growing Incidence of Road Traffic Accidents to Increase the Need for Hip Replacement Implants
Growing Urbanization and Rising Disposable Income Offers the Affordability for Hip Implants
Technological Advancements Bolster the Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/dz7ixg
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