Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Hip Reconstruction Devices Market: By Type, By Fixation Type, By End Users, and Region Forecast 2019-2030
Hip Reconstruction Devices Market size was valued at US$ 6.2 billion in 2023 and is poised to grow at a CAGR of 3.2% from 2024-2030. Hip reconstruction is a process of replacing diseased or damaged parts of the knee and hip joints by artificial prosthesis. Artificial prostheses are made up of various type of materials such as ceramics, plastic and metals. Hip reconstruction process includes implants used in revision hip replacement procedure and primary hip replacement procedures. Hip reconstruction procedure is a rapid growing process in orthopaedic sector. Various advancements in hip reconstruction process is driving the market growth rapidly.
Introduction of new procedures like partial hip replacement and hip resurfacing are attributing for the swift penetration of the hip reconstruction devices. Market players are focusing on various growth strategies such as new product developments, mergers and acquisitions, collaborations and partnerships etc. in order to enhance their market position. Market research report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.
Study Period
2024-2030Base Year
2023CAGR
3.2%Largest Market
North AmericaFastest Growing Market
Europe
Growing geriatric population pool globally, increase in prevalence of orthopaedic disorders and diseases are the major factors that are driving the growth of hip reconstruction devices market. Furthermore, growing awareness regarding orthopaedic diseases, demand for the innovative treatments, and increase in adoption of minimally invasive methods and products are propelling the growth of the market. Moreover, growing orthopaedic diseases prevalence in children and increase in number of orthopaedic surgeries is also boosting the growth of the market.
According to centres for Medicare and Medicaid services, it is estimated that 255 in 4, 00,000 hip and knee replacement surgeries are reported annually and according to the U.S Department of Health and Human Services, about 294,000 children below 18 years are suffering with rheumatic conditions. However, availability of various other non-surgical treatment options, lack of awareness regarding reconstruction of joints, high cost associated with the procedure may hinder the growth of the market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 6.2 billion |
Market CAGR |
3.2% |
By Type |
|
By Fixation Type |
|
By End-User |
|
By Region |
|
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Hip reconstruction devices market size was valued at US$ 6.2 billion in 2023 and anticipated to rise at a CAGR of 3.2% over 2024-2030.
Expanding Geriatric Population
Europe is the fastest-growing for hip reconstruction devices market
1. Executive Summary |
2. Global Hip Reconstruction Devices Market Introduction |
2.1.Global Hip Reconstruction Devices Market - Taxonomy |
2.2.Global Hip Reconstruction Devices Market - Definitions |
2.2.1.Type |
2.2.2.Fixation Type |
2.2.3.End User |
2.2.4.Region |
3. Global Hip Reconstruction Devices Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Hip Reconstruction Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Hip Reconstruction Devices Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Revision Hip Reconstruction Devices |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Primary Hip Reconstruction Devices |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Partial Hip Reconstruction Devices |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Total Hip Reconstruction Devices |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Hip Resurfacing Device |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Hip Reconstruction Devices Market By Fixation Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Cement Less |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Hybrid |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Cement |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Hip Reconstruction Devices Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Orthopaedic Clinics |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Hospitals |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Ambulatory Surgical Centres |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Hip Reconstruction Devices Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. North America Hip Reconstruction Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Revision Hip Reconstruction Devices |
9.1.2.Primary Hip Reconstruction Devices |
9.1.3.Partial Hip Reconstruction Devices |
9.1.4.Total Hip Reconstruction Devices |
9.1.5.Hip Resurfacing Device |
9.2. Fixation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Cement Less |
9.2.2.Hybrid |
9.2.3.Cement |
9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Orthopaedic Clinics |
9.3.2.Hospitals |
9.3.3.Ambulatory Surgical Centres |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Hip Reconstruction Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Revision Hip Reconstruction Devices |
10.1.2.Primary Hip Reconstruction Devices |
10.1.3.Partial Hip Reconstruction Devices |
10.1.4.Total Hip Reconstruction Devices |
10.1.5.Hip Resurfacing Device |
10.2. Fixation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Cement Less |
10.2.2.Hybrid |
10.2.3.Cement |
10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Orthopaedic Clinics |
10.3.2.Hospitals |
10.3.3.Ambulatory Surgical Centres |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
10.4.7. |
11. Asia Pacific (APAC) Hip Reconstruction Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Revision Hip Reconstruction Devices |
11.1.2.Primary Hip Reconstruction Devices |
11.1.3.Partial Hip Reconstruction Devices |
11.1.4.Total Hip Reconstruction Devices |
11.1.5.Hip Resurfacing Device |
11.2. Fixation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Cement Less |
11.2.2.Hybrid |
11.2.3.Cement |
11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Orthopaedic Clinics |
11.3.2.Hospitals |
11.3.3.Ambulatory Surgical Centres |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Hip Reconstruction Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Revision Hip Reconstruction Devices |
12.1.2.Primary Hip Reconstruction Devices |
12.1.3.Partial Hip Reconstruction Devices |
12.1.4.Total Hip Reconstruction Devices |
12.1.5.Hip Resurfacing Device |
12.2. Fixation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Cement Less |
12.2.2.Hybrid |
12.2.3.Cement |
12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Orthopaedic Clinics |
12.3.2.Hospitals |
12.3.3.Ambulatory Surgical Centres |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Hip Reconstruction Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Revision Hip Reconstruction Devices |
13.1.2.Primary Hip Reconstruction Devices |
13.1.3.Partial Hip Reconstruction Devices |
13.1.4.Total Hip Reconstruction Devices |
13.1.5.Hip Resurfacing Device |
13.2. Fixation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Cement Less |
13.2.2.Hybrid |
13.2.3.Cement |
13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Orthopaedic Clinics |
13.3.2.Hospitals |
13.3.3.Ambulatory Surgical Centres |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Medtronic (US) |
14.2.2.DePuySynthes (US) |
14.2.3.Stryker (US) |
14.2.4.Medacta(US) |
14.2.5.Smith&Nephew (US) |
14.2.6.FH ORTHOPEDICS(France) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players