Global Hip Replacement Market Size to Reach USD 8.89 billion by 2028, At Growth Rate (CAGR) of 2.5%.

Global Hip Replacement Market was valued at USD 7.48 billion in 2021 and is expected to reach USD 8.89 billion by the year 2028, at a CAGR of 2.5%.

The hip joint is one of the most vital joints in the human body. The human body movement of walking, running, and jumping are all possible because of hip joints. Hip joints bear the weight of the body and the force of the strong muscles of the hip and leg. The hip joint falls under the category of ball and socket thus, it is one of the most flexible joints in the human body and allows a greater range of motion than all other joints in the body except the shoulder joint. Hip replacement is a surgical procedure in which a painful hip joint is replaced by a healthcare professional with an artificial joint-mostly made from metal and plastic components.

Top Key Players Covered in The Hip Replacement Market

ConMed Corporation (US), DJO LLC (US), B. Braun Melsungen AG (Germany), OMNIlife Science Inc. (US), Exactech Inc. (the US), MicroPort Scientific Corporation (China), Smith & Nephew plc (UK), Stryker Corporation (US), Johnson & Johnson (US), Zimmer Biomet (US), Medacta International (Switzerland) and other major players.

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Updated Version 2023 is available our Sample Report May Includes the:

  • Scope For 2023
  • Brief Introduction to the research report.
  • Table of Contents (Scope covered as a part of the study)
  • Top players in the market
  • Research framework (structure of the report)
  • Research methodology adopted by Worldwide Market Reports

For the Purpose Of This Report, Reports And Data Has Segmented The Global Hip Replacement Market On The Basis Of Type, By Source, By Product, And Region:

By Type         

  • Total Hip Replacement
  • Partial Hip Replacement
  • Hip Resurfacing
  • Revision Hip Replacement

By Implant Type      

  • Metal on Metal
  • Metal on Polyethylene
  • Ceramic on Metal
  • Others

By End Users

  • Hospitals & Surgery Centers
  • Orthopaedic Clinics
  • Others

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By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact Analysis on Hip Replacement Market

The COVID-19 pandemic adversely affected the functioning of several industry verticals. The COVID-19 restrictions imposed on transportation resulted in the shortage of material required for the production of hip joints. Moreover, as healthcare systems worldwide scrambled to cope with the surging number of COVID-19 cases, many countries decided to cancel all non-emergency surgical procedures to free up personnel and resources to care for patients with COVID-19.

Report Includes Competitor's Landscape:

  • Major trends and growth projections by region and country
  • Key winning strategies followed by the competitors
  • Who are the key competitors in this industry?
  • What shall be the potential of this industry over the forecast tenure?
  • What are the factors propelling the demand for the Action Figures and Statues?
  • What are the opportunities that shall aid in significant proliferation of the market growth?
  • What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
  • How has the covid-19 impacted the growth of the market?
  • Has the supply chain disruption caused changes in the entire value chain?

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