Global Hip Replacement Implants Strategic Business Report 2023: Rising Aging Population and Increase in Hip-Related Conditions to Drive Demand


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 AttributeDetails
No. of Pages192
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$14.1 Billion
Forecasted Market Value (USD) by 2030$18.7 Billion
Compound Annual Growth Rate3.6%
Regions CoveredGlobal

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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Attachment

 
Global Market for Hip Replacement Implants

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