Press release
Industry Trends and Market Forecast for Hip Replacement Implants Industry
Hip Replacement Implants Market
The hip replacement implants market size is expected to see strong growth in the next few years. It will grow to $10.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growing demand for outpatient hip replacements, innovations in implant materials, global efforts in arthritis awareness, regulatory support for innovation, environmental sustainability in healthcare.. Major trends in the forecast period include technological advancements, patient-specific implants, robot-assisted surgery, outcomes data and value-based care, customized implant options, telemedicine and remote consultations..
Market Overview -
Hip replacement implants are medical devices that are used to imitate the movements and anatomy of the hip to regain mobility and relieve pain typically linked to hip disorders or injuries such as arthritis.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=9157&type=smp
Arthritis Prevalence Fuels Growth In Hip Replacement Implant Market
The increase in the prevalence of arthritis is expected to propel the growth of the hip replacement implant market going forward. Arthritis refers to swelling and tenderness of one or more joints, which leads to severe pain in bones and joints. Osteoarthritis and rheumatoid arthritis are common types of arthritis. Hip replacement implants are commonly used in hip replacement surgeries, or hip arthroplasty, in the treatment of arthritis to address hip pain and restore its functioning, in which surgeons replace damaged or non-functioning parts of the hip joint with artificial implants. For instance, in November 2021, according to the Centers for Disease Control and Prevention, a US-based national public health agency, approximately 58.5 million adults, or 24% of all adults, have arthritis. With annual costs for medical care and lost wages of $303.5 billion, it is a primary cause of work impairment. Additionally, the majority of arthritis sufferers in the US are working-age adults (around 57.3%). Furthermore, according to the Versus Arthritis report in 2021, a US-based nonprofit organization focused on arthritis, in the UK, 20.3 million people suffer from musculoskeletal (MSK) conditions such as arthritis or back discomfort. Therefore, the increase in the prevalence of arthritis is driving the growth of the hip replacement implant market.
Competitive Landscape -
Major companies operating in the hip replacement implants market report are Zimmer Biomet Holdings Inc., DePuy Synthes, Stryker Corporation, Smith & Nephew PLC, B Braun SE, Corin Group PLC., Waldemar Link GmbH & Co KG, Wright Medical Group NV, Arthrex Inc., Corentec Co Ltd., MicroPort Scientific Corporation, Exactech Inc., DJO Global Inc., OMNI life science Inc., Integra LifeSciences Holdings Corporation, Medacta International SA, PETER BREHM GmbH, Gruppo Bioimpianti srl., Globus Medical Inc., Enovis Medical, Kyocera Corporation, Merete GmbH, Ortho Development Corporation, Shanghai MicroPort Orthopedics Inc., FH Orthopedics Inc., LimaCorporate SPA, Mathys AG Bettlach, ConforMIS Inc., AK Medical Holdings Limited, Beijing Chunlizhengda Medical Instruments Co. Ltd. .
Redefining Precision And Biocompatibility In Hip Replacement Surgery
Technology advancement is a key trend gaining popularity in the hip replacement implant market. Major companies operating in the market are focused on research and development for innovative new technologies to sustain their position in the market. For instance, in June 2022, InssTek Inc., a South Korea-based leading metal 3D printing company in the additive manufacturing industry, introduced Metal Porous Coating (MPC) technology to coat and fabricate artificial hip joint and cup components to enable faster and more accurate surgeries, particularly regarding the titanium materials. Metal porous coating (MPC) is a direct energy deposition (DED) additive manufacturing technique that enables 3D printing patterns of porous structures onto the surface of artificial joints using medical-grade titanium powder to form one alloy to achieve optimal roughness and pore structure to facilitate quicker and more precise procedures with maximum biocompatibility, especially with titanium materials. InssTek successfully coated a BENCOX Mirabo Z Cup Cortinium artificial hip joint cup using MPC technology manufactured by Korean artificial limb developer Corentec, which has also received FDA approval.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/hip-replacement-implants-global-market-report
Key Segments -
The hip replacement implants market covered in this report is segmented -
1) By Product Type: Femoral Reconstruction, Acetabular Reconstruction, Hip Resurfacing, Revision Hip Implants, Bearing And Porous Metal, Total Replacement Implants
2) By Component: Ace Tabular Cup Systems, Hip Stem Systems, Revision Accessories And Components
3) By Material: Metal-On-Metal, Metal-On-Polyethylene, Ceramic-On-Metal, Ceramic-On-Polyethylene, Ceramic-On-Ceramic
4) By End-User: Orthopedic Clinics, Hospitals, Surgical Centers
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industry Trends and Market Forecast for Hip Replacement Implants Industry here
News-ID: 3482667 • Views: …
More Releases from The Business research company
Ear Health Revolution: Ear Infection Market Trends & Forecast 2024-2033
The ear infection market size has grown strongly in recent years. It will grow from $12.12 billion in 2023 to $12.82 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to antibiotic use, pediatric population growth, ear tube insertions, improvements in diagnosis.
The ear infection market size is expected to see strong growth in the next few…
Combating Infection: Nontuberculous Mycobacterial Infection Market Analysis 2024 …
The nontuberculous mycobacterial infection market size has grown strongly in recent years. It will grow from $13.43 billion in 2023 to $14.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to improved diagnostics, aging population, cystic fibrosis awareness, immunosuppressive medications.
The nontuberculous mycobacterial infection market size is expected to see strong growth in the next few…
Breathing Easier: Alpha-1 Antitrypsin Deficiency Therapy Market Outlook 2024-203 …
The alpha-1 antitrypsin deficiency augmentation therapy market size has grown strongly in recent years. It will grow from $1.58 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to improved diagnosis, awareness campaigns, clinical research, aging population.
The alpha-1 antitrypsin deficiency augmentation therapy market size is expected to see strong growth in…
Protecting Data: Data Center Security Market Insights and Forecast 2024-2033
The data center security market size has grown rapidly in recent years. It will grow from $11.66 billion in 2023 to $13.57 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to rising cybersecurity threats, demand for data privacy and compliance, increase in data generation, cloud computing growth.
The data center security market size is expected to…
More Releases for Hip
New York Hip Hop Singer McMsMula Makes Stylish Hip Hop Beat which you will Never …
The faultless music by McM$Mula showcases greatness and enigma which you will love to hear. He has come with some of his brilliant composition which has something remarkable. The effective kind of hook and the strength he has shown is excellent. The hook fits well with him and that too in a fascinating way. Every track he has come with is crazy and incredible. The movement and the creativity he…
Have Hip Pain? See The Total Hip Replacement Guide
Regardless of whether you have just started started investigating treatment choices or have effectively chosen to a hip replacement medical procedure, we hope this data will enable you to comprehend the advantages and disadvantages of total hip replacement surgery. This article depicts how typical hip functions, the reasons for hip pain, what’s in store from with a THR (Total Hip Replacement), and what activities and exercises will help reestablish your…
HIP Replacement Devices Market Report 2018: Segmentation by Product (Product (Pr …
Global HIP Replacement Devices market research report provides company profile for Zimmer Inc. (U.S.), DePuy Synthes (U.S.), Stryker (U.K.), Smith & Nephew (U.K.), B. Braun Melsungen AG (Germany), Corin (U.K.), and Waldemar LINK GmbH & Co. KG (Germany) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume,…
In-depth research on Hip Replacement: Availability of New and Advanced Hip Impla …
The report analyzes and presents an overview of "Global Market Study on Hip Replacement: Availability of New and Advanced Hip Implants Boosting Revenue Growth" worldwide.
Get Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/1834493
Global Hip Replacement Market: Overview
This report on the global hip replacement market is a business and commerce publication developed by professional and experienced research analysts as aspired to serve as a reliable decision-making tool for its targeted audiences such…
Hip Replacement Implant Market: Rising Incidence of Hip Bone Disorders Fuels Gro …
The top three players in the global hip replacement market, collectively, contributed 74.7% of the overall revenue generation of the market in 2015, indicating towards consolidated nature of this arena. These players are Johnson & Johnson, Zimmer Biomet Holdings Inc., and Stryker Corporation. Transparency Market Research (TMR) observes that strong portfolio, high geographic outreach, and strong brand recognition are some of the factors contributing to the dominance of these companies.…
Bernstein Liebhard LLP Applauds FDA’s Request that Hip Manufacturers Produce D …
Bernstein Liebhard LLP Applauds FDA’s Request that Hip Manufacturers Produce Data on Metal Poisoning and Hip Implants
New York 5/12/2011 04:40 PM GMT (TransWorldNews)
On May 6, 2011, the U.S Food and Drug Administration (“FDA”) ordered 21 medical device manufacturers, including Johnson & Johnson, Zimmer and Stryker, to conduct post-market analysis to determine whether their metal-on-metal hip replacement implants put patients at an increased risk for chromium and cobalt poisoning. …
