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

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is
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

Antimicrobial Additives Market Growth Accelerated By Rising Demand From End-Use Industries

Image
Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers
Read more