Hip Replacement Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Hip Replacement Market By Product Type (Total Hip Replacement Implant, Partial Hip Replacement Implant, Resurfacing Implant, and Revision Hip Replacement Implant), By End-User (Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers (ASC)), and Geography

 

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Report

Description

The global hip replacement market size was estimated at USD 5.74 billion in 2021, growing at a CAGR of 4.4% during the forecast period 2021-2027. A hip replacement implant is a common operation that addresses hip joint stiffness. The four types of total hip replacement include primary hip reconstruction, partial hip reconstruction, hip resurfacing, and revision hip implants. Fixed-bearing total hip implants and mobile-bearing total hip implants are the two types of total hip replacement implants. This report studies Hip Replacement Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes technology advancements; regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed hip replacement market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and unmet needs (Product Opportunities). The global market in recent times has become mature market in developed regions, where the hip replacement devices have become commoditized with several players are need to provide low priced products in order to sustain the market position, this is expected to improve the adoption rate of devices over the short term and projected to drive market value and volume growth over the forecast period. Moreover, favourable reimbursement policies are expected to drive the market revenue growth positively over a short-term period. For instance, in U.S, the hip and knee replacement cost to Medicare is more than USS 7 Bn in hospital cost.


Hip Replacement Market

MARKET SUMMARY
-
4.4%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 4.4%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Hip Replacement Market

  • The report gives a comprehensive outlook on hip replacement devices across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA).
  • The hip replacement report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, end user, and geographic regions.
  • Key stakeholders of the Market report include suppliers, manufacturers, marketers, policymakers and healthcare service providers engaged in manufacturing, supply and usage of hip replacement.
Key Players
  • Braun Melsungen AG (Germany)
  • Corin (U.K.)
  • DePuy Synthes (U.S.)
  • Exactech Inc. (U.S.)
  • Microport Scientific Corporation (China)
  • Smith & Nephew (U.K.)
  • Stryker (U.K.)
  • Waldemar LINK GmbH & Co. KG (Germany)
  • Zimmer Inc. (U.S.)
Driver

Hip Replacement Market

The growing baby-boomers and geriatric populations who are at risk of hip or joint fracture expected to drive the market demand hip replacement devices over the forecast period. Moreover, increasing incidence of hip fractures and injuries creating ample growth opportunities for the players operating in the hip replacement market, this is expected to drive the market revenue growth over the forecast period. For Instance, in 2016, according to World Bank population statistics, population ages 65 and above is estimated to be around 8.5% of total population and projected to increases geriatric population over the forecast period, which in turn affect the market growth positively.


North-America got significant share

Hip Replacement Market

North America market leads the global Market and projected to remain same over the forecast period owing to favourable reimbursement procedures in the region. Europe and Asia-pacific hip replacement market projected to grow at significant CAGR over the forecast period owing to large patient population and increasing incidence of hip fracture in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Hip replacement market expanding at 4.5% CAGR over 2017 to 2023 to reach market value of US$ 6267 Mn by 2023
  • Based on product type, total hip replacement implants accounted for larger market revenue share in 2016 owing to increased adoption by orthopaedic surgeons in the key regions
  • Hospitals are the prime customers for hip replacement devices across the globe and expected to remain attractive over the forecast period
  • Players focusing on launching technologically advanced products to retain the market position in the global Market.

Key

Key Features of the Report

Hip Replacement Market segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Research Methodology
    • Secondary and Primary research
      • Secondary Sources
      • Primary Sources
    • Market Revenue Estimation Methodology
    • Key Assumptions
    • Acronyms
  2. Scope of Study
    • Market Definition
    • Objective of the Research
    • Regions covered in the study
  3. Executive summary
  4. Global Hip Replacement Market Dynamics
    • Drivers
      • Economic Drivers
      • Demand Side Drivers
      • Supply Side Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
  5. Unique Features of the Report
    • Competition analysis
    • Regulatory landscape
    • PESTLE analysis
    • Porter’s analysis
  6. Global Hip Replacement Market Analysis, By Product Type, 2013 – 2017 and Forecast, 2018 – 2024
    • Total Hip Replacement Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Partial Hip Replacement Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Resurfacing Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Revision Hip Replacement Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)

7. Global Hip Replacement Market Forecast, By End User Analysis, 2013 – 2017 and Forecast, 2018 – 2024

    • Hospitals
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Orthopedic Clinics
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Ambulatory Surgical Centers (ASC)
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)

8. Hip Replacement Market Analysis, By Region, 2013 – 2017 and Forecast, 2018 – 2024

    • North America Hip Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
      • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • Total Hip Replacement Implants
        • Partial Hip Replacement Implants
        • Resurfacing Implants
        • Revision Hip Replacement Implants
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • Hospitals
        • Orthopedic Clinics
        • Ambulatory Surgical Centers (ASC)
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • US
        • Canada
      • Europe Hip Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
        • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
          • Total Hip Replacement Implants
          • Partial Hip Replacement Implants
          • Resurfacing Implants
          • Revision Hip Replacement Implants
        • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
          • Hospitals
          • Orthopedic Clinics
          • Ambulatory Surgical Centers (ASC)
        • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Rest of Europe
  • Asia-Pacific Hip Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Total Hip Replacement Implants
      • Partial Hip Replacement Implants
      • Resurfacing Implants
      • Revision Hip Replacement Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers (ASC)
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • Japan
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Latin America Hip Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Total Hip Replacement Implants
      • Partial Hip Replacement Implants
      • Resurfacing Implants
      • Revision Hip Replacement Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers (ASC)
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • Brazil
    • Mexico
    • Argentina
    • Venezuela
    • Rest of Latin America
  • Middle East & Africa (MEA) Hip Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Total Hip Replacement Implants
      • Partial Hip Replacement Implants
      • Resurfacing Implants
      • Revision Hip Replacement Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers (ASC)
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Braun Melsungen AG (Germany)
      • Corin (U.K.)
      • DePuy Synthes (U.S.)
      • Exactech Inc. (U.S.)
      • Microport Scientific Corporation (China)
      • Smith & Nephew (U.K.)
      • Stryker (U.K.)
      • Waldemar LINK GmbH & Co. KG (Germany)
      • Zimmer Inc. (U.S.)

Report

Company Profile

  • Braun Melsungen AG (Germany)
  • Corin (U.K.)
  • DePuy Synthes (U.S.)
  • Exactech Inc. (U.S.)
  • Microport Scientific Corporation (China)
  • Smith & Nephew (U.K.)
  • Stryker (U.K.)
  • Waldemar LINK GmbH & Co. KG (Germany)
  • Zimmer Inc. (U.S.)

Description

The global hip replacement market size was estimated at USD 5.74 billion in 2021, growing at a CAGR of 4.4% during the forecast period 2021-2027. A hip replacement implant is a common operation that addresses hip joint stiffness. The four types of total hip replacement include primary hip reconstruction, partial hip reconstruction, hip resurfacing, and revision hip implants. Fixed-bearing total hip implants and mobile-bearing total hip implants are the two types of total hip replacement implants. This report studies Hip Replacement Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes technology advancements; regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed hip replacement market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and unmet needs (Product Opportunities). The global market in recent times has become mature market in developed regions, where the hip replacement devices have become commoditized with several players are need to provide low priced products in order to sustain the market position, this is expected to improve the adoption rate of devices over the short term and projected to drive market value and volume growth over the forecast period. Moreover, favourable reimbursement policies are expected to drive the market revenue growth positively over a short-term period. For instance, in U.S, the hip and knee replacement cost to Medicare is more than USS 7 Bn in hospital cost.

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