Albany, NY -- (SBWIRE) -- 08/04/2016 -- Hip replacement surgery is an orthopedic procedure that includes the replacement of the damaged hip joint with a prosthesis made from metal and plastic components. Total hip replacement and partial hip replacement and resurfacing are the two types of hip replacement surgeries. Traditional or MI techniques can perform both surgeries. The surgeries are conducted to relieve patients from arthritic pain or repair hip fracture.

The global hip prosthesis devices market is growing at a slow growth pace. The market is mature in developed countries and has vast opportunities to grow in emerging countries. The THA surgery has evolved in recent years, and the advances in technology have made it possible to improve surgical techniques.

The global hip prosthesis market to grow at a CAGR of 2.57% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global hip prosthesis market for 2016-2020. To calculate the market size, we consider revenue generated from the sales of hip prosthesis devices to hospitals and ambulatory surgical centers (ASCs).

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The market is divided into the following segments based on geography:
- Americas
- EMEA
- APAC

Technavio's report, Global Hip Prosthesis Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Johnson & Johnson
- Smith & Nephew
- Stryker
- Zimmer Biomet
- Other prominent vendors
- Aesculap Implant Systems
- Altimed
- Arthrex
- B. Braun Medical
- ConforMIS
- Corentec
- Corin
- Elite Surgical
- Exactech

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Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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