Hip Replacement Devices Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0070729
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.38 |
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Hip Replacement Devices Market Analysis Report 2023-2032
The Hip Replacement Devices Market is projected to experience a Compound Annual Growth Rate (CAGR) of 7.92% between 2022 and 2032. During this period, the market size is anticipated to witness an increase by USD 6,254.78 million. The growth of this market is driven by various factors, including the rising aging population, increasing prevalence of hip-related conditions, and advancements in medical technology. Hip replacement devices are orthopedic implants used to replace a damaged hip joint, restoring mobility and alleviating pain.
Hip Replacement Devices Market Overview
Drivers:
The aging population is a primary driver behind the growth of the Hip Replacement Devices Market. As the global population continues to age, the incidence of hip-related conditions such as hip arthritis and fractures is on the rise. Hip replacement surgeries provide effective solutions for improving the quality of life and mobility for elderly individuals.
Advancements in implant materials and designs also contribute to market growth. Improved materials such as durable metal alloys, ceramic materials, and wear-resistant polyethylene have led to more successful and longer-lasting hip implants, reducing the need for revision surgeries.
Trends:
Personalized and patient-specific hip implants are emerging trends in the Hip Replacement Devices Market. With the aid of advanced imaging and 3D printing technologies, customized hip implants can be tailored to each patient's unique anatomy, resulting in improved fit and reduced complications.
Minimally invasive surgical techniques are gaining popularity in hip replacement procedures. These techniques involve smaller incisions, reduced tissue trauma, shorter recovery times, and improved patient outcomes, making them a preferred choice among patients and surgeons alike.
Restraints:
Cost considerations and reimbursement challenges can pose significant restraints to market growth. Hip replacement surgeries can be costly, including expenses related to implants, surgical procedures, hospital stays, and rehabilitation. Limited insurance coverage or reimbursement options in certain regions may limit patient access to these procedures.
Regulatory approvals and safety concerns also influence market growth. New implant designs and technologies need to undergo rigorous testing and regulatory evaluations before they can be approved for clinical use. Delays in regulatory processes can impact the introduction of innovative products to the market.
Hip Replacement Devices Market Segmentation By Application
Total hip replacement is expected to be the dominant segment in the Hip Replacement Devices Market. Total hip replacement involves the complete removal of the damaged hip joint and its replacement with prosthetic components. This procedure is commonly performed to alleviate pain and restore mobility in patients with severe hip arthritis or fractures.
Partial hip replacement is another important application segment. In this procedure, only the damaged part of the hip joint is replaced, preserving more of the patient's natural joint. Partial hip replacement is often considered for patients with less severe hip damage.
Hip Replacement Devices Market Segmentation By Type
Metal-on-polyethylene implants and ceramic-on-ceramic implants are expected to be prominent types in the Hip Replacement Devices Market. Metal-on-polyethylene implants consist of a metal ball that articulates with a polyethylene socket, while ceramic-on-ceramic implants involve a ceramic ball and socket. These combinations offer different benefits in terms of durability, wear resistance, and reduced risk of adverse reactions.
Revision hip implants represent a crucial type within the market. Revision implants are used in cases where previous hip implants fail or require replacement. These procedures can be more complex and may involve additional challenges compared to primary hip implant surgeries.
Regional Overview:
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Request pdf SampleNorth America is projected to contribute significantly to the global Hip Replacement Devices Market growth. The region's well-developed healthcare infrastructure, aging population, and high prevalence of hip-related conditions drive market demand.
The COVID-19 pandemic led to a temporary slowdown in elective surgeries, including hip replacements. However, as healthcare services resume and vaccination efforts progress, the market is expected to recover and regain momentum.
Hip Replacement Devices Market Customer Landscape
The Hip Replacement Devices Market report provides insights into the patient experience, from initial diagnosis to post-operative recovery. It analyzes patient preferences, decision-making factors, and overall satisfaction, assisting healthcare providers in delivering patient-centered care.
Major Hip Replacement Devices Market Companies
Companies in the Hip Replacement Devices Market are employing various strategies to enhance their market presence. These strategies include product innovation, partnerships, mergers and acquisitions, geographical expansion, and surgeon training programs.
Sample list of major companies in the market:
- Zimmer Biomet Holdings, Inc.
- Stryker Corporation
- Johnson & Johnson (DePuy Synthes)
- Smith & Nephew Plc
- MicroPort Scientific Corporation
- Exactech, Inc.
- DJO Global, Inc.
- Conformis, Inc.
- Medacta International
- Aesculap Implant Systems (B. Braun Melsungen AG)
Qualitative and quantitative analyses of these companies offer insights into the competitive landscape, enabling clients to understand market dynamics and assess the strengths and weaknesses of key players.
Segment Overview
The Hip Replacement Devices Market report provides revenue forecasts on a global, regional, and country level, along with analyses of trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
- Total Hip Replacement
- Partial Hip Replacement
- Type Outlook (USD Million, 2019 - 2032)
- Metal-on-Polyethylene Implants
- Ceramic-on-Ceramic Implants
- Revision Hip Implants
- Geography Outlook (USD Million, 2019 - 2032)
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- APAC
- China
- Japan
- India
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- United Arab Emirates
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1 Overview of Hip Replacement Devices
1.1 Definition of Hip Replacement Devices in This Report
1.2 Commercial Types of Hip Replacement Devices
1.2.1 Primary HIP Replacement
1.2.2 Partial HIP Replacement
1.2.3 Revision HIP Replacement
1.2.4 HIP Resurfacing
1.3 Downstream Application of Hip Replacement Devices
1.3.1 Hospitals
1.3.2 Ambulatory Surgical Centers
1.4 Development History of Hip Replacement Devices
1.5 Market Status and Trend of Hip Replacement Devices 2014-2026
1.5.1 Global Hip Replacement Devices Market Status and Trend 2014-2026
1.5.2 Regional Hip Replacement Devices Market Status and Trend 2014-2026
Chapter 2 Global Market Status and Forecast by Regions
2.1 Market Development of Hip Replacement Devices 2013-2017
2.2 Production Market of Hip Replacement Devices by Regions
2.2.1 Production Volume of Hip Replacement Devices by Regions
2.2.2 Production Value of Hip Replacement Devices by Regions
2.3 Demand Market of Hip Replacement Devices by Regions
2.4 Production and Demand Status of Hip Replacement Devices by Regions
2.4.1 Production and Demand Status of Hip Replacement Devices by Regions 2013-2017
2.4.2 Import and Export Status of Hip Replacement Devices by Regions 2013-2017
Chapter 3 Global Market Status and Forecast by Types
3.1 Production Volume of Hip Replacement Devices by Types
3.2 Production Value of Hip Replacement Devices by Types
3.3 Market Forecast of Hip Replacement Devices by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
4.1 Demand Volume of Hip Replacement Devices by Downstream Industry
4.2 Market Forecast of Hip Replacement Devices by Downstream Industry
Chapter 5 Market Driving Factor Analysis of Hip Replacement Devices
5.1 Global Economy Situation and Trend Overview
5.2 Hip Replacement Devices Downstream Industry Situation and Trend Overview
Chapter 6 Hip Replacement Devices Market Competition Status by Major Manufacturers
6.1 Production Volume of Hip Replacement Devices by Major Manufacturers
6.2 Production Value of Hip Replacement Devices by Major Manufacturers
6.3 Basic Information of Hip Replacement Devices by Major Manufacturers
6.3.1 Headquarters Location and Established Time of Hip Replacement Devices Major Manufacturer
6.3.2 Employees and Revenue Level of Hip Replacement Devices Major Manufacturer
6.4 Market Competition News and Trend
6.4.1 Merger, Consolidation or Acquisition News
6.4.2 Investment or Disinvestment News
6.4.3 New Product Development and Launch
Chapter 7 Hip Replacement Devices Major Manufacturers Introduction and Market Data
7.1 Zimmer
7.1.1 Company profile
7.1.2 Representative Hip Replacement Devices Product
7.1.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Zimmer
7.2 DePuy Synthes
7.2.1 Company profile
7.2.2 Representative Hip Replacement Devices Product
7.2.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of DePuy Synthes
7.3 Stryker
7.3.1 Company profile
7.3.2 Representative Hip Replacement Devices Product
7.3.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Stryker
7.4 Smith & Nephew
7.4.1 Company profile
7.4.2 Representative Hip Replacement Devices Product
7.4.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Smith & Nephew
7.5 B. Braun
7.5.1 Company profile
7.5.2 Representative Hip Replacement Devices Product
7.5.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of B. Braun
7.6 Corin
7.6.1 Company profile
7.6.2 Representative Hip Replacement Devices Product
7.6.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Corin
7.7 Waldemar LINK
7.7.1 Company profile
7.7.2 Representative Hip Replacement Devices Product
7.7.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Waldemar LINK
7.8 Toshiba Medical Systems
7.8.1 Company profile
7.8.2 Representative Hip Replacement Devices Product
7.8.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Toshiba Medical Systems
7.9 St. Jude Medical
7.9.1 Company profile
7.9.2 Representative Hip Replacement Devices Product
7.9.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of St. Jude Medical
7.10 Neusoft
7.10.1 Company profile
7.10.2 Representative Hip Replacement Devices Product
7.10.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Neusoft
7.11 Konica Minolta
7.11.1 Company profile
7.11.2 Representative Hip Replacement Devices Product
7.11.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Konica Minolta
7.12 Samsung Medison
7.12.1 Company profile
7.12.2 Representative Hip Replacement Devices Product
7.12.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Samsung Medison
7.13 Shimadzu
7.13.1 Company profile
7.13.2 Representative Hip Replacement Devices Product
7.13.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Shimadzu
7.14 BenQ Medical Technology
7.14.1 Company profile
7.14.2 Representative Hip Replacement Devices Product
7.14.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of BenQ Medical Technology
7.15 Asahi Roentgen
7.15.1 Company profile
7.15.2 Representative Hip Replacement Devices Product
7.15.3 Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Asahi Roentgen
7.16 Mindray
Chapter 8 Upstream and Downstream Market Analysis of Hip Replacement Devices
8.1 Industry Chain of Hip Replacement Devices
8.2 Upstream Market and Representative Companies Analysis
8.3 Downstream Market and Representative Companies Analysis
Chapter 9 Cost and Gross Margin Analysis of Hip Replacement Devices
9.1 Cost Structure Analysis of Hip Replacement Devices
9.2 Raw Materials Cost Analysis of Hip Replacement Devices
9.3 Labor Cost Analysis of Hip Replacement Devices
9.4 Manufacturing Expenses Analysis of Hip Replacement Devices
Chapter 10 Marketing Status Analysis of Hip Replacement Devices
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Report Conclusion
Chapter 12 Research Methodology and Reference
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Reference
List of Tables
Table Advantage and Disadvantage of Primary HIP Replacement
Table Advantage and Disadvantage of Partial HIP Replacement
Table Advantage and Disadvantage of Revision HIP Replacement
Table Advantage and Disadvantage of HIP Resurfacing
Table Production Volume of Hip Replacement Devices by Regions 2013-2017
Table Production Value of Hip Replacement Devices by Regions 2013-2017
Table Demand Volume of Hip Replacement Devices by Regions 2013-2017
Table Production and Demand Status of Hip Replacement Devices in Region One 2013-2017
Table Production and Demand Status of Hip Replacement Devices in Region Two 2013-2017
Table Production and Demand Status of Hip Replacement Devices in Region Three 2013-2017
Table Production and Demand Status of Hip Replacement Devices in Region Four 2013-2017
Table Import Volume of Hip Replacement Devices by Regions 2013-2017
Table Export Volume of Hip Replacement Devices by Regions 2013-2017
Table Production Volume of Hip Replacement Devices by Types 2013-2017
Table Production Value of Hip Replacement Devices by Types 2013-2017
Table Production Volume Forecast of Hip Replacement Devices by Types 2018-2023
Table Production Value Forecast of Hip Replacement Devices by Types 2018-2023
Table Demand Volume of Hip Replacement Devices by Downstream Industry 2013-2017
Table Demand Volume Forecast of Hip Replacement Devices by Downstream Industry 2018-2023
Table Production Volume of Hip Replacement Devices by Major Manufacturers 2013-2017
Table Production Value of Hip Replacement Devices by Major Manufacturers 2013-2017
Table Headquarters Location and Established Time of Hip Replacement Devices Major Manufacturer
Table Employees and Revenue Level of Hip Replacement Devices Major Manufacturer
Table Representative Hip Replacement Devices Product One of Zimmer
Table Representative Hip Replacement Devices Product Two of Zimmer
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Zimmer 2013-2017
Table Representative Hip Replacement Devices Product One of DePuy Synthes
Table Representative Hip Replacement Devices Product Two of DePuy Synthes
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of DePuy Synthes 2013-2017
Table Representative Hip Replacement Devices Product One of Stryker
Table Representative Hip Replacement Devices Product Two of Stryker
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Stryker 2013-2017
Table Representative Hip Replacement Devices Product One of Smith & Nephew
Table Representative Hip Replacement Devices Product Two of Smith & Nephew
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Smith & Nephew 2013-2017
Table Representative Hip Replacement Devices Product One of B. Braun
Table Representative Hip Replacement Devices Product Two of B. Braun
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of B. Braun 2013-2017
Table Representative Hip Replacement Devices Product One of Corin
Table Representative Hip Replacement Devices Product Two of Corin
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Corin 2013-2017
Table Representative Hip Replacement Devices Product One of Waldemar LINK
Table Representative Hip Replacement Devices Product Two of Waldemar LINK
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Waldemar LINK 2013-2017
Table Representative Hip Replacement Devices Product One of Toshiba Medical Systems
Table Representative Hip Replacement Devices Product Two of Toshiba Medical Systems
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Toshiba Medical Systems 2013-2017
Table Representative Hip Replacement Devices Product One of St. Jude Medical
Table Representative Hip Replacement Devices Product Two of St. Jude Medical
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of St. Jude Medical 2013-2017
Table Representative Hip Replacement Devices Product One of Neusoft
Table Representative Hip Replacement Devices Product Two of Neusoft
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Neusoft 2013-2017
Table Representative Hip Replacement Devices Product One of Konica Minolta
Table Representative Hip Replacement Devices Product Two of Konica Minolta
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Konica Minolta 2013-2017
Table Representative Hip Replacement Devices Product One of Samsung Medison
Table Representative Hip Replacement Devices Product Two of Samsung Medison
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Samsung Medison 2013-2017
Table Representative Hip Replacement Devices Product One of Shimadzu
Table Representative Hip Replacement Devices Product Two of Shimadzu
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Shimadzu 2013-2017
Table Representative Hip Replacement Devices Product One of BenQ Medical Technology
Table Representative Hip Replacement Devices Product Two of BenQ Medical Technology
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of BenQ Medical Technology 2013-2017
Table Representative Hip Replacement Devices Product One of Asahi Roentgen
Table Representative Hip Replacement Devices Product Two of Asahi Roentgen
Table Hip Replacement Devices Sales, Revenue, Price and Gross Margin of Asahi Roentgen 2013-2017
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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