Hip Replacement Devices Market Forecast -2023
Hip Replacement Devices Market - Segmented By End-User, Product, Material, And Region - Global Growth, Trends, And Forecast -2023
(EMAILWIRE.COM, October 23, 2018 ) Market Overview:
In the year 2018 Global Hip replacement devices Market was valued at USD 5.42billion. By the year 2023, it is predicted to reach USD 6.34 billion with pace of 3.2% CAGR.
Osteoarthritis is the most common joint disease which is mainly caused in the hip, knee, spine, shoulder, and ankle. Hip replacement is an invasive surgical procedure which is used in the treatment of damaged hips caused due to arthritis, fracture, or any other musculoskeletal disorders. Hip replacement is considered as a safe and effective procedure, which can relieve severe pain, and help the individuals to get back to daily activities such as mobility, walk, climb stairs, and enable them to perform simple exercises.
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Factors affecting market growth:
Rising geriatric and obese population across the globe. (+)
Increasing incidences of accidents globally. (+)
Rising prevalence of osteoarthritis disorders. (+)
Technological advancements for minimally invasive surgeries used in the artificial hip replacement surgery. (+)
Introduction of new products like mobile bearing hip implant. (+)
Increasing healthcare expenditure. (+)
Growing awareness about hip replacement among the global population. (+)
Stringent Regulations for approving new products. (-)
Risks of complications after surgery. (-)
High cost of treatment. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/hip-replacement-devices-market-4239/customize-report
Market Segmentation
The Global Hip replacement devices Market is geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America holds the largest market share followed by Europe in the Global Hip replacement devices Market. Asia-Pacific is rapidly growing in the Hip replacement devices Market due to increasing of aging population, rising incidences due to road accidents, improving healthcare infrastructure and increasing healthcare expenditures are expected to register a significant growth rate for hip replacement devices market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/hip-replacement-devices-market-4239/
Key players:
Major companies for Global Hip replacement devices Market are OMNIlife science, Inc., Smith & Nephew, Zimmer Biomet Holdings, Inc., Stryker Corporation, B. Braun Melsungen AG, Exactech, Inc., DJO Global, Inc., Johnson & Johnson, MicroPort Scientific Corporation.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
In the year 2018 Global Hip replacement devices Market was valued at USD 5.42billion. By the year 2023, it is predicted to reach USD 6.34 billion with pace of 3.2% CAGR.
Osteoarthritis is the most common joint disease which is mainly caused in the hip, knee, spine, shoulder, and ankle. Hip replacement is an invasive surgical procedure which is used in the treatment of damaged hips caused due to arthritis, fracture, or any other musculoskeletal disorders. Hip replacement is considered as a safe and effective procedure, which can relieve severe pain, and help the individuals to get back to daily activities such as mobility, walk, climb stairs, and enable them to perform simple exercises.
Request Report Sample: https://www.marketdataforecast.com/market-reports/hip-replacement-devices-market-4239/request-sample
Factors affecting market growth:
Rising geriatric and obese population across the globe. (+)
Increasing incidences of accidents globally. (+)
Rising prevalence of osteoarthritis disorders. (+)
Technological advancements for minimally invasive surgeries used in the artificial hip replacement surgery. (+)
Introduction of new products like mobile bearing hip implant. (+)
Increasing healthcare expenditure. (+)
Growing awareness about hip replacement among the global population. (+)
Stringent Regulations for approving new products. (-)
Risks of complications after surgery. (-)
High cost of treatment. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/hip-replacement-devices-market-4239/customize-report
Market Segmentation
The Global Hip replacement devices Market is geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America holds the largest market share followed by Europe in the Global Hip replacement devices Market. Asia-Pacific is rapidly growing in the Hip replacement devices Market due to increasing of aging population, rising incidences due to road accidents, improving healthcare infrastructure and increasing healthcare expenditures are expected to register a significant growth rate for hip replacement devices market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/hip-replacement-devices-market-4239/
Key players:
Major companies for Global Hip replacement devices Market are OMNIlife science, Inc., Smith & Nephew, Zimmer Biomet Holdings, Inc., Stryker Corporation, B. Braun Melsungen AG, Exactech, Inc., DJO Global, Inc., Johnson & Johnson, MicroPort Scientific Corporation.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results