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Description
Hip Reconstruction Devices Market size was valued at USD 5.8 billion in 2021, growing at a CAGR of 3.2% from 2022-28. 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. Hip Reconstruction Devices Market market research report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.
Key Developments:
In May 2014, DePuy Synthes introduced three new products for replacements of knee, hip and shoulder.
