Global HIP Replacement Market the Revolutionizing Mobility and Quality of Life 2023 to 2030 | Stryker Corporation, Microport Scientific Corporation, B. Braun Melsungen AG

Extensive analysis of the report "HIP Replacement Market" is conducted by following key product positioning and monitoring the top competitors within the market framework by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.

The Market for HIP Replacements was estimated to be worth $5.9 billion globally in 2021; it is anticipated to increase to $8.6 billion by 2030, expanding at a CAGR of 4% between 2022 and 2030. Hip replacement is a surgical technique in which a prosthetic implant, or hip prosthesis, is used to replace the hip joint. Metal, ceramic, and plastic were used to create these hip implants. The rise in surgical procedures as well as the rise in hip injuries from sports- and traffic-related accidents are the main factors driving the growth of the worldwide hip replacement market. Additionally, rising healthcare costs and greater public knowledge of hip replacement surgeries both contribute to the market's expansion.

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The Key companies profiled in the HIP Replacement Market:

The study examines the HIP Replacement Market's competitive landscape and includes data Stryker Corporation, Microport Scientific Corporation, B. Braun Melsungen AG, Depuy Synthes (J&J), DJO Global Inc., Smith & Nephew, Zimmer Biomet, Exactech Inc. & Others.

Global HIP Replacement Market Split by Product Type and Applications

This report segments the HIP Replacement Market on the basis of Types:
Total Hip Replacement Implant
Partial Hip Replacement Implant
Resurfacing Implant
Revision Hip Replacement Implant

On the basis of Application, the HIP Replacement Market is segmented into:
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Others

Additionally, the aging population is a major factor in the expansion of the hip replacement market. For instance, the European Union's statistical agency, Eurostat, reported that in 2023, more than 20.8% of the population was 65 years of age or older. Due to wear and strain and bone degeneration, aged adults are more susceptible to orthopedic disorders and injuries. Additionally, due to their low bone density and poor bone regeneration abilities, elderly individuals are more prone to bone fractures. Additional factors that contribute to the expansion of the hip replacement market size include an increase in R&D activities for improvements in hip replacement surgeries, new launches, and product approvals.

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According to the region, North America accounted for a sizable portion of the worldwide hip replacement market in 2023 and is anticipated to continue dominating it throughout the forecast period because of an increase in product launches there, a developed healthcare system, and the presence of large competitors. However, the Asia-Pacific region is anticipated to increase significantly because of its large population base, growing healthcare infrastructure, and rising healthcare spending.

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Market Segmentation:
HIP Replacement Market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Outpatient hip replacement surgeries are becoming more popular since they allow patients to go through the procedure and go home the same day, as opposed to needing to stay in the hospital for many days. This trend is influenced by numerous advancements in anesthesia technology, advancements in surgical techniques, and efforts to reduce healthcare expenditures. To satisfy the growing demand for outpatient procedures, there is a possibility to develop new tools and technologies that will improve patient outcomes and reduce costs. For instance, advances in minimally invasive surgical methods have made it possible for surgeons to do hip replacement surgeries through smaller incisions, resulting in less tissue damage and faster patient recovery. With localized anesthesia, such as spinal or epidural anesthesia, patients can recover more quickly and use fewer opioid medicines.

Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global HIP Replacement Market Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global HIP Replacement Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America HIP Replacement Market Analysis
Chapter 6 East Asia HIP Replacement Market Analysis
Chapter 7 Europe HIP Replacement Market Analysis
Chapter 8 South Asia HIP Replacement Market Analysis
Chapter 9 Southeast Asia HIP Replacement Market Analysis
Chapter 10 Middle East HIP Replacement Market Analysis
Chapter 11 Africa HIP Replacement Market Analysis
Chapter 12 Oceania HIP Replacement Market Analysis
Chapter 13 South America HIP Replacement Market Analysis
Chapter 14 Company Profiles and Key Figures in HIP Replacement Business
Chapter 15 Global HIP Replacement Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...

Global HIP Replacement Market Research FAQs;
1. Who are the key players in this Market?
2. At what CAGR is the market projected to grow during the forecast period?
3. What are the key contributing factors to the market growth?
4. What are the key players operating in the Middle East & Africa?
5. Who are the prominent manufacturers in this market?
6. Are discounts available?

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