Hip Replacement Market Report with Covid Impact - Global - 2022-2028 - MedCore

The total global hip replacement market is growing at a rate of 5.3%, which will take the 2021 market value of $8.7 billion up to $12.5 billion by 2028. One of the key trends within the market is the shift toward using cementless implants, and the cemented total hip replacement procedures are losing market share.

The full report suite on the global market for hip replacement devices covers multiple segments and sub-segments including total hip replacement, partial hip replacement and hip replacement revision. The top competitors within the global hip replacement market are Zimmer Biomet, DePuy Synthes, and Stryker.

MARKET REPORT DATA TYPES INCLUDED

• Procedure Numbers, Unit Sales, Average Selling Prices, Market Value & Growth Trends
• COVID-19 Impact Analysis
• 10 Year Scope and Forecast Range
• Market Drivers & Limiters for Each Segment
• Competitive Analysis with Market Shares for Each Segment
• Recent Mergers & Acquisitions
• Disease Overviews and Demographic Information
• Company Profiles and SWOT for Top Competitors

GLOBAL HIP REPLACEMENT MARKET TRENDS

One of the main market drivers surrounds the growth within the revision segment. As younger people tend to require implants, and the lifespan of the implants typically lasts 15 years, there is a much higher chance that younger individuals will require a revision later in life. Older individuals who receive implants usually do not outlive the lifespan of the implant and therefore typically do not require a revision.

GLOBAL HIP REPLACEMENT MARKET SHARE INSIGHTS

Overall, within the global hip replacement market there are three dominant competitors: Zimmer Biomet, DePuy Synthes, and Stryker. Alongside these three market share leaders are a multitude of other competitors included within the market analysis. Zimmer Biomet led the overall global hip replacement device market in 2021. The company benefited from the issues associated with the use of metal-on-metal hip implant systems, since its product line offers alternatives to these bearing types.

MARKET SEGMENTATION SUMMARY

You can view all these included reports and segmentation here:

• Total Hip Replacement Market
• Partial Hip Replacement Market
• Hip Replacement Revision Devices Market

RESEARCH SCOPE SUMMARY

• Regions - North America (Canada, United States), Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela), Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.), Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine), Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam), Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
• Base Year - 2021
• Forecast - 2022-2028
• Historical Data - 2018-2021
• Quantitative Coverage - Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
• Qualitative Coverage - COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
• Data Sources - Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, Publisher's Internal Database.