The global hip replacement implants market is expected to USD 7.1 billion by 2024,
Global Hip Replacement Implants Market, By Product Type (Cemented Total Hip Implant, Cement Free Total Hip Implant, Partial Femoral Head Implant, Hip Resurfacing, Revision Hip Implants), By End-Users (Orthopedic Clinics, Hospitals, Surgery Centers),
The global hip replacement implants market is expected to USD 7.1 billion by 2024, from USD 5.3 billion in 2016 growing at a CAGR of 3.6% during the forecast period of 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The hip replacement market is segmented on the basis of product, distribution channel, end user and geography.
On the basis of product type the hip replacement implants market is segmented into 4 type total hip implant, partial femoral head implant, hip resurfacing, and revision hip implants. The total hip implant market segment is further sub-segmented into cemented and cement less total hip replacement products
On the basis of sales volume or units sold cement less total hip implants is expected to dominate the market in 2017, with a share of 74.6% of the global hip replacement market.
On the basis of end user the hip replacement implants market is segmented into orthopedic clinics, hospitals and surgery centers. In 2017, hospitals market segment is expected to dominate the end users segment with a share of approximately 74.1% market share, owing to nature of these surgeries being mostly inpatient.
Based on geography the report covers data points for 52 countries across multiple geographies namely North & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. U.S. dominate the global hip replacement market with a share of 41.2% in 2016, owing to the rising pool of arthritis patient full reimbursements of these surgeries through government and non-government healthcare payers.
The global hip replacement market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Market shares included in the report are for U.S., Europe, APAC, Japan, China, South America and Middle East and Africa.
Global Hip Replacement Implants Market, By Product Type (Cemented Total Hip Implant, Cement Free Total Hip Implant, Partial Femoral Head Implant, Hip Resurfacing, Revision Hip Implants), By End-Users (Orthopedic Clinics, Hospitals, Surgery Centers), By Su
Jan 20, 2017