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Hip Replacement Market by Procedure (Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Hip Resurfacing), by Material (Metal-on-Metal, Metal-on-Polyethylene, Ceramic-on-Polyethylene, Ceramic-on-Metal, Ceramic-on-Ceramic), by End User (Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers): Global Opportunity Analysis and Industry Forecast, 2022-2030

Hip Replacement Market by Procedure (Total Hip Replacement, Partial Hip...

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Hip Replacement Market by Procedure (Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Hip Resurfacing), by Material (Metal-on-Metal, Metal-on-Polyethylene, Ceramic-on-Polyethylene, Ceramic-on-Metal, Ceramic-on-Ceramic), by End User (Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers): Global Opportunity Analysis and Industry Forecast, 2022-2030
Hip Replacement Market by Procedure...
Report Code
RO14/128/2868

Publish Date
23/Jan/2023

Pages
200
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The global hip replacement market size was US$ 5.9 billion in 2021. The global hip replacement market size is estimated to reach US$ 8.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 4% during the forecast period from 2022 to 2030.
Hip replacement is a surgical procedure in which the hip joint is replaced by a prosthetic implant, that is, a hip prosthesis. These hip implants are made up of ceramic, metal, and plastic. The prevalence of osteoarthritis is increasing gradually and has become an economic burden for many countries worldwide.

Factors Affecting Marketing Growth

The rise in incidences of hip injuries due to road accidents & sport-related injuries and the increase in the number of surgical procedures drives the growth of the global market.
The rise in awareness about hip replacement procedures and an increase in healthcare expenditures of people drive the growth of the global market.
Due to an aging population, active government support, and improving patient knowledge regarding replacement surgeries drives the growth of the global market.

Impact on COVID-19 Analysis

The COVID-19 outbreak is anticipated to have a negative impact on the growth of the hip replacement market due to there is the implementation of lockdowns in many countries. The pandemic affected the supply chain. The entire healthcare industry has focused on life-saving and COVID-19-related procedures during the pandemic. In addition, most surgical procedures are either canceled or postponed which further hinders the growth of the global hip replacement market. However, the healthcare sector has been restructured to provide safer healthcare facilities. Hence, the market is anticipated to grow in post-pandemic situations.

Regional Analysis

North America garnered a major share in the global hip replacement market share in 2021 and is expected to dominate the global market during the forecast period, due to an increase in product launches and well-established healthcare infrastructure, and the presence of key players in the region.

Asia-Pacific is expected to register significant growth, due to an increase in healthcare expenditures, development in healthcare infrastructure, and a high population base.

Leading Competitors
The prominent players in the global hip replacement market are:
Zimmer Biomet Holdings Inc
Stryker Corporation
Smith & Nephew PLC
MicroPort Scientific Corporation
Medacta International
Kyocera Corporation
Johnson & Johnson
Integra LifeSciences
Exactech Inc
Conformis Inc
Others

Segmentation Analysis
The global hip replacement market segmentation focuses on Procedure, Material, End User, and Region.
Segmentation on the basis of Procedure
Total Hip Replacement
o Cemented
o Cementless
Partial Hip Replacement
Revision Hip Replacement
Hip Resurfacing

Segmentation on the basis of Material
Ceramic-on-Metal
Ceramic-on-Ceramic
Metal-on-Metal
Metal-on-Polyethylene
Ceramic-on-Polyethylene

Segmentation on the basis of End User
Orthopedic Clinics
Ambulatory Surgery Centers
Hospitals

Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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