Global Hip Replacement Market was valued at USD 7.48 billion in 2021 and is expected to reach USD 8.89 billion by the year 2028, at a CAGR of 2.5%.
The hip replacement market is a vital segment of the global orthopedic industry, dedicated to enhancing the quality of life for individuals suffering from hip joint ailments. Hip replacement procedures involve the surgical removal of a damaged hip joint and its replacement with an artificial implant. This market has witnessed significant growth over the years, primarily due to the rising prevalence of hip-related disorders, an aging population, and advancements in implant materials and surgical techniques.
The global hip replacement market is segmented into primary hip replacements, partial hip replacements, and revision hip replacements, with primary hip replacements being the most commonly performed procedure. Key players in this market include orthopedic implant manufacturers, surgical equipment suppliers, and healthcare facilities specializing in joint replacement surgeries.
Top Key Players Covered in The Hip Replacement Market
ConMed Corporation (US), DJO LLC (US), B. Braun Melsungen AG (Germany), OMNIlife Science Inc. (US), Exactech Inc. (the US), MicroPort Scientific Corporation (China), Smith & Nephew plc (UK), Stryker Corporation (US), Johnson & Johnson (US), Zimmer Biomet (US), Medacta International (Switzerland) and other major players.
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For the Purpose Of This Report, Reports And Data Has Segmented The Global Hip Replacement Market On The Basis Of Type, By Source, By Product, And Region:
By Type
By Implant Type
By End Users
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Oct 02, 2023