Albany, NY -- (SBWire) -- 04/08/2019 --Global Hip Reconstruction Devices Market: Snapshot

With ever-rising geriatric population, the market for hip reconstruction devices has gained an impetus across the world. The increasing incidence of hip injuries and fractures, osteoarthritis, and wearing down of joints over time in aged people has fueled the need to reconstruct their hip joints, which is reflecting significantly over the demand for hip reconstruction devices. The overall opportunity in the global market for hip reconstruction devices was worth US$5.68 bn in 2016. Going forward, the technological advancements in these devices are anticipated to continue propelling this market over the next few years, bringing in exceptional growth.

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Primary Cemented Hip Replacement Devices to Register Strong Growth

On a wider level, the global market for hip reconstruction devices is assessed on the basis of the product, indication, and the end user. Revision hip replacement device, primary cemented hip replacement device, partial hip replacement device, primary cementless hip replacement device, and hip resurfacing device are the key products available in this market. Among these, the demand for primary cemented hip replacement devices is relatively higher. Over the forthcoming years, this demand is likely to increase substantially, adding US$126.6 mn per annum in revenues over the period from 2017 to 2022.

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By indication, the worldwide market is bifurcated into rheumatoid arthritis, osteoarthritis, and trauma. Elderly people, suffering from osteoarthritis and rheumatoid arthritis, are the main consumers of hip reconstruction devices across the world. Hospitals, ambulatory surgical centers (ASCs), and orthopedic clinics have surfaced as the main end users of hip reconstruction devices. The demand for these devices will be comparatively higher from hospitals in the years to come.

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