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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