Hip Replacement Implants Market, By Product Type (Cemented Total Hip Implant, Cement Free Total Hip Implant, Partial Femoral Head Implant, Hip Resurfacing, Revision Hip Implants), By End-Users (Orthopedic Clinics, Hospitals, Surgery Centers), By Surgery Numbers (Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Hip Resurfacing), By Geography (North America, Europe, Asia-Pacific, South America and Middle East and Africa
Pune, India -- (SBWIRE) -- 04/10/2018 -- Global Hip Replacement Implants Market , By Product Type (Cemented Total Hip Implant, Cement Free Total Hip Implant, Partial Femoral Head Implant, Hip Resurfacing, Revision Hip Implants), By End-Users (Orthopedic Clinics, Hospitals, Surgery Centers), By Surgery Numbers (Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Hip Resurfacing), By Geography (North America, Europe, Asia-Pacific, South America and Middle East and Africa) – Industry Trends and Forecast to 2024"
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The Global Hip Replacement Implants Market is expected to USD 7.1 billion by 2024, from USD 5.3 billion in 2016 growing at a CAGR of 3.6% during the forecast period of 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.The total hip replacement surgery is growing at a significant rate since the past decade. Many of our participants (Orthopedic Surgeons) in this report believed the growth is owing to factors both related to lifestyle and technological advancements.
Segmentation: Global Hip Replacement Implants Market
- The hip replacement market is segmented on the basis of product, distribution channel, end user and geography.
- On the basis of product type the hip replacement implants market is segmented into 4 type total hip implant, partial femoral head implant, hip resurfacing, and revision hip implants. The total hip implant market segment is further sub-segmented into cemented and cement less total hip replacement products. The report covers the market value (USD) and implant volume (units) their trends till 2024. In 2016, cement less total hip implants market sub segment is expected to dominate the market for total hip implants with 66.7% market share. In terms of sales volume or units sold cement less total hip implants is expected to dominate the market in 2017, with a share of 74.6% of the global hip replacement market. Revision hip implants are priced highest among all hip replacement implants, while partial femoral head implant is among the most cost effective product though prices vary from brand to brand.
- On the basis of end user the hip replacement implants market is segmented into orthopedic clinics, hospitals and surgery centers. In 2017, hospitals market segment is expected to dominate the end users segment with a share of approximately 74.1% market share, owing to nature of these surgeries being mostly inpatient. Surgery centers are common in developed countries such as U.S., Canada, Germany, France, Japan and some other countries, but in developing countries still hospitals are the only end users taking up this surgery. Hip replacement surgeries in orthopedic clinics are not common as well due to the requirements of anesthesia monitoring, and patients generally being admitted post-surgery.
- Based on geography the report covers data points for 52 countries across multiple geographies namely North & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. U.S. dominate the global hip replacement market with a share of 41.2% in 2016, owing to the rising pool of arthritis patient full reimbursements of these surgeries through government and non-government healthcare payers.
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Competitive Analysis: Global Hip Replacement Implants Market
The global hip replacement market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Market shares included in the report are for U.S., Europe, APAC, Japan, China, South America and Middle East and Africa.
Major Market Competitors: Global Hip Replacement Implants Market
Some of the major players operating in this market are Zimmer Biomet, Depuy Synthes, Stryker, Smith and Nephew, B.Braun Melsungen AG, Corin, Waldemer Link GmbH & Co. KG, Wright Medical N.V., Arthrex, Inc., ConforMIS, Corentec, Elite Surgical Supplies (PTY) Ltd, Euros France, Evolutis, FH Orthopedics, Integra LifeSciences, Lima Corporate, Medacta, Ortosintese, Peter Brehm, Shanghai MicroPort Orthopedics, Surgival, Synergie Ingénierie Médicale, Wright Medical, N.V., Tecomet and, DJO Global among others.
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