How Hip Replacement Market Will Dominate In Coming Years? Key Players: Exactech, Inc., Stryker, B. Braun Melsungen AG, Bioimpianti, Zimmer Biomet, MicroPort Scientific Corporation, DePuy Synthes (Johnson & Johnson Services, Inc.), Conformis, Smith & Nephe
The global hip replacement market size will increase with the advent of robot-assisted surgical procedures worldwide. Fortune Business Insights in their recent report titled, “Hip Replacement Market Size, Share & Industry Analysis, By Procedure (Total Hip Replacement, Partial Hip Replacement, and Revision & Hip Resurfacing), By End User (Hospitals & Ambulatory Surgery Centers, Orthopedic Clinics, and Others) and Regional Forecast, 2019-2026”, provides a comprehensive analysis of the market and their growth trajectories.
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Leading Players operating in the Hip Replacement Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
• Exactech, Inc.
• B. Braun Melsungen AG
• Zimmer Biomet
• MicroPort Scientific Corporation
• DePuy Synthes (Johnson & Johnson Services, Inc.)
• Smith & Nephew plc
The report covers:
• Global Hip Replacement Market trends, with detailed analysis on consumer trends & manufacturer trends.
• Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
• Key areas of investments identifying market opportunities and challenges in forecast timeframe.
• Competitive analysis of the industry players along with the overview on strategic management.
• Comprehensive company profiles of the major industry players.
North America to Dominate Market with New Product Launches and Strategic Company Collaborations
The global hip replacement market is classified geographically into five major regions namely Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa regions. In the current scenario, the market is dominated by North America with a hip replacement market revenue of USD 2.52 billion in 2018. This is on account of the surge in the number of hip replacement prostheses, rise in strategic collaborations among market vendors and new product launches. The launch of MiniMAX Hip, by Medacta International, was announced in November 2017. It is a cementless stem that will serve as an option for minimally invasive hip replacement surgery for surgeons in the U.S. Such innovations are likely to bode well for the market in the long run.
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On the other hand, the market in Asia Pacific is expected to witness significant growth in the forecast duration on account of the increasing prevalence of hip osteoarthritis serving most of the geriatric population in the region. For instance, the Surgical Variance Report of 2107 reported the funding of about 9,947 hip procedures in private hospitals by a private health insurer in Australia called Medibank Private Limited during 2015-2016. Such health reimbursement policies are prognosticated to augment the hip implants market share in Asia Pacific.
Detailed Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Number of Hip Replacement Procedures – For Key Countries
4.2. Regulatory Scenario – For Key Countries/Regions
4.3. Reimbursement Scenario – For Key Countries/Regions
4.4. New Product Launches
4.5. Technological Advancements in Hip Replacement Market
4.6. Key Industry Developments – Mergers, Acquisitions and Partnerships
5. Global Hip Replacement Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Procedure
5.2.1. Total Hip Replacement
5.2.2. Partial Hip Replacement
5.2.3. Revision & Hip Resurfacing
5.3. Market Analysis, Insights and Forecast – By End User
5.3.1. Hospitals & Ambulatory Surgery Centers
5.3.2. Orthopedic Clinics
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Hip Replacement Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Procedure
6.2.1. Total Hip Replacement
6.2.2. Partial Hip Replacement
6.2.3. Revision & Hip Resurfacing
6.3. Market Analysis, Insights and Forecast – By End User
6.3.1. Hospitals & Ambulatory Surgery Centers
6.3.2. Orthopedic Clinics
6.4. Market Analysis, Insights and Forecast – By Country
7. Europe Hip Replacement Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Procedure
7.2.1. Total Hip Replacement
7.2.2. Partial Hip Replacement
7.2.3. Revision & Hip Resurfacing
7.3. Market Analysis, Insights and Forecast – By End User
7.3.1. Hospitals & Ambulatory Surgery Centers
7.3.2. Orthopedic Clinics
7.4. Market Analysis, Insights and Forecast – By Countries/ Sub-region
7.4.7. Rest of Europe
8. Asia Pacific Hip Replacement Market Analysis, Insights and Forecast, 2015-2026
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Procedure
8.2.1. Total Hip Replacement
8.2.2. Partial Hip Replacement
8.2.3. Revision & Hip Resurfacing
8.3. Market Analysis, Insights and Forecast – By End User
8.3.1. Hospitals & Ambulatory Surgery Centers
8.3.2. Orthopedic Clinics
8.4. Market Analysis, Insights and Forecast – By Countries/ Sub-region
8.4.5. Southeast Asia
8.4.6. Rest of Asia Pacific
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