Navigation Links
Global Hip Replacement Implant Market to Reach US$9.1 Billion by 2024: Obesity Accelerates Number of Surgeries Ensuring Uptake of Implants, Notes TMR
Date:2/14/2017

ALBANY, New York, February 14, 2017 /PRNewswire/ --

The leading players in the Global Hip Replacement Implant Market have been relentless working on achieving product differentiation and maintaining price differences to lure in bigger consumer bases. The global market is being led by Zimmer Biomet, Johnson & Johnson, Stryker, and Smith & Nephew. Collectively, these companies held a share of 85.2% in the global market in 2015. In the coming years, the market position of these players will be determined by factors such as material safety, safety features, distribution network, and supply capabilities.

According to the research report, the global hip replacement implant market was worth US$6.5 bn in 2015 and is expected to reach US$9.1 bn by the end of 2024. During the forecast years of 2016 and 2024, the global market is estimated to progress at a CAGR of 3.9%.

North America Poised to Dominate Global Market throughout Forecast Period 

On the basis of product, the global hip replacement implant market is segmented into total hip replacement implant, hip resurfacing implant, partial hip replacement implant, and revision hip replacement implant. The total hip replacement implant segment is further sub-divided into fixed bearing hip implants and mobile-bearing total hip implants. As of 2015, the total hip replacement implant segment held a dominant share in the global market. This segment is estimated to continue its dominance in the coming years as it is slated to acquire a share of 58.1% by the end of 2024.

Download PDF Brochure of Research Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1901

In terms of geography, the global hip replacement implant market is divided into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. North America has been leading the global market and is expected to continue its dominance throughout the forecast period. By the end of 2024, the North America hip replacement implant market is expected to acquire a share of 52.7% in the overall market.

Increasing Expenditure on Healthcare Opens Up Lucrative Opportunities for Global Market 

The global hip replacement implant market is predominantly being driven by the increasing number of surgeries for hip replacement amongst the growing pool of geriatrics. The growing incidence of obesity is the primary cause of increasing pressure on the hips and their degeneration over time amongst the aging population. The significant rise in hip surgeries is also due to the remarkable advancements in the development of minimally invasive surgeries that use techniques such as 3D printing for achieving accurate results. Efforts by the governments to bring in hip implant reforms are also contributing to the rising revenue of the global market. The increasing per capita income, expenditure on healthcare, accessibility to healthcare, and better awareness are also some of the key factors that are expected to support the global hip replacement implant market.

Stringent FDA Regulations Slow Down Product Approval Processes 

Despite the advancements, awareness, and adoptions of new methods, the global hip replacement implant market continues to face a few challenges. The major challenge in its way is the high cost of hip replacement products and surgery that is made these surgeries significantly unaffordability for patients, especially in the developing nations. The market is also being challenged by the growing number of product recalls as the metal in these medical devices has proved to be faulty or less effective. Furthermore, the strict regulations pertaining to the approval of all-metal hip implants are also slowing down the process of introducing new products in the global market.

Inquire for Report Customization:  

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1901

This review is based on Transparency Market Research's report, titled "Hip Replacement Implant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."

The global hip replacement implant market has been segmented as follows: 

  • Global Hip replacement Implant Market, by Product Type 
    • Total Hip Replacement Implant
      • Fixed Bearing Hip Implants
      • Mobile-Bearing Total Hip Implants.
    • Partial Hip Replacement Implant
    • Hip resurfacing Implant
    • Revision Hip Replacement Implant
       
  • Global Hip Replacement Implant Market, by Material 
    • Metal-on-Metal
    • Metal-on-Polyethylene
    • Ceramic-on-Metal
    • Ceramic-on-Polyethylene
    • Ceramic-on-Ceramic
       
  • Global Hip Replacement Implant Market, by End-users 
    • Hospitals
    • Orthopedic Clinics
    • Ambulatory Surgical Centers
    • Others
       
  • Global Hip Replacement Implant Market, by Geography 
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • U.K.
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Rest of MEA

Browse Related Research Report: 

Surgical Procedures Volume Market (Procedures - Cardiac Rhythm Management Device Implantations (Cardiac Pacemaker Procedures, Implantable Cardioverter Defibrillators), Interventional Cardiology Procedures (Cardiac Catheterization, Coronary Revascularization, Coronary Angiography), Heart Transplantations, Neurosurgery Procedures (Craniotomy, Aneurysm Coil Embolization, CSF Drainage, CSF Shunt), Orthopedic Procedures (Joint Replacement Surgery (Knee Replacement, Hip Replacement, Shoulder Replacement), Ligament/Tendon Repair, Spine Surgery Market (Spinal Fusion ), Ophthalmic Procedures (Cataract Surgery, Glaucoma Surgery, Refractive Surgery), Gynecology Procedures, Hysterectomy, Laparoscopic Hysterectomy, Uterine Artery Embolization, Cesarean Section) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

http://www.transparencymarketresearch.com/surgical-procedures-volumes-market.html

Orthopedic Braces & Support, Casting & Splints Market: (Product Type - Casting Supplies & Equipment (Plaster Casts, Casting Tapes, Cast Cutters, and Casting Tools and Accessories), Splinting Supplies & Equipment (Fiberglass Splints, Plaster Splints, and Splinting Tools and Accessories), and Orthopedic Braces & Supports (Upper and Low Extremity Braces and Support); Distribution Channel - Orthopedic Clinics, Hospitals, Over the Counter (OTC), and E-Commerce) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

http://www.transparencymarketresearch.com/orthopedic-braces-support-casting-splints-market.html

About Us: 

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Blog: http://www.tmrblog.com/


'/>"/>
SOURCE Transparency Market Research
Copyright©2017 PR Newswire.
All rights reserved


Related medicine technology :

1. Urolithiasis Management Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
2. Medical Ultrasound Devices: Technologies and Global Markets
3. White Biotechnology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
4. Global Targeted Drug Delivery Partnering 2010-2017: Deal trends, players, financials and forecasts
5. Global Injectable Drug Delivery Partnering 2010-2017: Deal trends, players, financials and forecasts
6. Global Biosimilar Market Outlook 2022
7. Medical Videoscope Market Expected to Reach $27,202 Million, Globally, by 2022 - Allied Market Research
8. Global Biosimilar Market Industry Outlook 2017-2020: Focus on Insulin, EPO, HGH, G-CSF, mAb & IFN - Research and Markets
9. Global Structural Heart Devices Market Expected to Reach $12,076 Million by 2022 - Allied Market Research
10. Global Spinal Implants and Devices Market Expected to Reach $13,384 Million by 2022 - Allied Market Research
11. Global Endometrial Ablation Market to Reach US$1.3 Billion by 2024: Radiofrequency Endometrial Ablation Devices to Remain Most Preferred Product, Predicts TMR
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/18/2017)... 2017 EpiVax, Inc. ("EpiVax") a ... immune engineering, today announced a new NIH-funded ... ... and presents a challenge for traditional flu ... be effective. Using state-of-the-art bioinformatics and molecular modeling methods, ...
(Date:9/12/2017)... 2017  ValGenesis Inc., the global leader in ... to announce the appointment of Dr. Ajaz ... of Directors and Chairman of Advisory Board beginning ... companies to manage their entire validation lifecycle process ... this process. Furthermore, ValGenesis VLMS enables rigorous compliance, ...
(Date:9/7/2017)...  Eli Lilly and Company (NYSE: ... to more efficiently focus resources on developing new ... workforce reductions, including those from a U.S. voluntary ... 3,500 positions. With the streamlining ... approximately $500 million that will begin to be ...
Breaking Medicine Technology:
(Date:9/26/2017)... ... 2017 , ... After a summer-long contest to crown the ... Drivers proudly announced the winners of the HEROtini Mocktail Challenge at the Stockton ... the challenge of competing in three categories: Best HEROtini Mocktail, Top HEROtini Bartender, ...
(Date:9/26/2017)... ... , ... Data Integrity: , The Key to FDA and GMP Compliance, ** ... http://www.fdanews.com/fdadataintegrity , Consider this situation. The FDA gives simple ... be trustworthy and reliable … a more detailed evaluation may be warranted.” , ...
(Date:9/26/2017)... ... 26, 2017 , ... Dr. Kovatis, is a Hospital for ... and Foot Section of the Department of Orthopedic Surgery at Hackensack University Medical ... UMC performing total ankle replacements. Because of this, Dr. Kovatis is often referred ...
(Date:9/26/2017)... , ... September 26, 2017 , ... The 2017 American ... called “The Magic of Fat,” revealed not only the latest about cosmetic procedures to ... be an evolution in cosmetic medicine. , “Fat really is magical, especially when it ...
(Date:9/26/2017)... ... 26, 2017 , ... The Organizing Committee is pleased to ... Pittcon 2018. As of July 1, Adrian C. Michael, Ph.D. (University of Pittsburgh, ... Charles Gardner, (ChemImage Corporation) and selected chairs. , Other members of ...
Breaking Medicine News(10 mins):