Global Hip Replacement Market Growth, Trends, Covid-19 Impact, and Forecasts 2019 - 2027

Hip Replacement Market
Hip Replacement Market

Hip arthroplasty is the name of the procedure. The procedure is typically performed to repair physical hip joint damage and hip fractures as well as to reduce joint pain (arthritis). The hip replacement market has also been divided into categories based on product, including total hip replacement, partial hip replacement, revision hip replacement, and hip resurfacing. Total hip replacement involves removing the injured hip and replacing it with a prosthetic hip joint comprised of ceramic, plastic, or metal. Osteoarthritis is one of the main causes of the increase in complete hip replacements.

Total Hip Replacement Implant segment in the global Hip Replacement Market was valued at US$ 4,179.1 Mn in 2019 and is expected to reach US$ 6,112.4 Mn by 2027 at a CAGR of 4.9% during the forecast period.

A total hip replacement entails using artificial prosthetic parts like a hip stem system and an acetabular cup system to replace damaged bone and cartilage. A metal stem (cemented or uncemented) is inserted into the hollow centre of the femur to replace the injured femoral head. Either a full or partial surgery (hemi-arthroplasty) is carried out (bipolar - hemiarthroplasty). Hiphemiarthroplasty, another name for partial hip replacement, is a surgical technique where only the injured hip joint's femoral head (the ball) is replaced.

The highest portion of the worldwide hip replacement market share is anticipated to come from North America. The market's expansion is anticipated to be aided by the rising number of hip replacements. Additionally, the market is anticipated to rise faster due to the increasing frequency of strategic alliances between key companies.Due to the expanding demand for personalised implants, the rising number of operations, and the favourable health reimbursement regulations, Europe is expected to have significant growth. Due to the introduction of new products and the combined efforts of key manufacturers to enhance market positions through indirect or direct distribution networks, Asia Pacific is predicted to experience substantial growth. Due to the expanding implant usage and rise in orthopaedic disorders and injuries, the Middle East and Africa as well as Latin America are expected to experience significant growth. 

Comments

Post a Comment

Popular posts from this blog

Augmented Reality Is Fastest Growing Segment Fueling The Growth Of Air Defense Systems Market

Image
Air Defense Systems Market Market Overview: Air defense systems provides protection against cruise, tactical and strategic ballistic missiles, unmanned aerial vehicles, and aircraft. They consist of radar systems, interceptor missiles, command and control systems and fire control systems. Air defense systems help detect incoming enemy planes, and intercept missiles and other threats before they reach their targets using air-to-air, surface-to-air, and man-portable missiles. Market key trends: One of the major trends in the air defense systems market is the increasing adoption of augmented reality and artificial intelligence. Augmented reality offers 3D digital interfaces to air defense operators and commanders and overlays geographical data and combat intelligence information onto real-world combat scenarios. This enhances situation awareness, minimizes fatigue and improves decision-making. It is increasingly being incorporated into command and control systems, fire control radars and
Read more

Global Fiber Reinforced Concrete Market Opportunity Analysis and Industry Forecast 2028

Image
  Fiber Reinforced Concrete Market A rise in commercial construction activity is anticipated to fuel the market as a result of the economy's improved state. The need for more office and storage space has been driven by the expansion of industries like food and consumer goods, which has had a large positive impact on the construction sector and the demand for paving slabs as long-lasting and attractive flooring. With the majority of the actors involved in the production and manufacture of the raw materials used in the production of paving slabs, product makers have a highly integrated supply chain. The majority of market participants also benefit from a robust direct distribution network that facilitates a seamless flow of products and enables them to build a broader customer base. Having a wide range of customizable products is important while making purchases. The global Fiber Reinforced Concrete Market was valued at US$ 2,330.40 Mn in 2020 and is forecast to reach a value of US$
Read more

Dairy Alternative Market Expected To Reach USD 26.01 Billion By 2023

Image
Dairy Alternative Market Market Overview: Dairy alternative products are gaining significant popularity due to their numerous advantages. These products are plant-based, making them suitable for individuals with lactose intolerance or those following a vegan diet. They offer similar nutritional benefits as traditional dairy products such as milk, cheese, and yogurt, while also addressing concerns related to animal welfare and environmental sustainability. The growing demand for dairy alternative products among health-conscious consumers is driving market growth. Market Key Trends: One key trend observed in the dairy alternative market is the increasing preference for plant-based milk substitutes. Plant-based milk alternatives such as almond milk, soy milk, and oat milk, among others, are gaining traction among consumers as a healthier and more sustainable option compared to traditional dairy milk. These plant-based milk alternatives offer various benefits such as being lactose-free, c
Read more