(PharmaNewsWire.Com, July 09, 2019 ) According to the new market research report “HIP Reconstruction Devices Market by Product (Primary HIP Replacement (Cemented, Cementless), Partial Hip Replacement, Revision HIP Replacement, HIP Resurfacing), Geography (Americas, EU-5, Japan, BRIC, South-East Asia, MEA) — Forecast ”, published by MarketsandMarkets™
The Global hip reconstruction devices market report defines and segments the market with analysis and forecast of revenue. The global hip reconstruction devices market is estimated to reach USD 5.9 Billion, at a CAGR of 3.0%
The global hip reconstruction devices market growth is attributed to the rise in the number of patients suffering from arthritis, technological advancements, and favorable reimbursement. Despite this, the pricing pressure, waiting list, and risk of complications after implantation are some of the major hindering factors.
The technological advancements in hip reconstruction market, such as newly developed prostheses with improved strength and reliability of joints are reducing the need and cost of revision surgery. The minimally invasive techniques for hip reconstruction surgery will improve the precision and accuracy of surgeons, thus reducing the time of surgery. The emergence of these techniques and other improved surgical tools for the treatment of arthritis is expected to address the rising demand for surgery during the forecast period.
Browse and in-depth TOC on “HIP Replacement Devices Market”
105 — Tables
114 — Figures
228 — Pages
The Global hip reconstruction devices market was dominated by North America. This market is segmented and forecast on the basis of product, and geography. The product comprises of primary hip reconstruction devices, partial hip reconstruction devices, revision hip reconstruction devices, and hip resurfacing devices.
The market in North America is growing due to the rising pool of arthritis, and favorable reimbursement. The European market is growing due to the technological advancements and is dominated majorly by Zimmer Inc. (U.S.) and Depuy Synthes (U.S.). The Asian market is growing due to growing health awareness among masses, along with an increase in the spending capacity of the Indian population. Also, the increasing number of population suffering from musculoskeletal disorders (MSD), government initiatives, and raising awareness towards hip reconstruction are propelling market growth.
The report also covers the competitive landscape of global hip reconstruction devices market by new product launches, recent developments, and mergers & acquisitions. The major players operating in this market are Zimmer Inc. (U.S.), DePuy Synthes (U.S.), Stryker (U.K.), and Smith & Nephew (U.K.), B. Braun Melsungen AG (Germany), Corin (U.K.), and Waldemar LINK GmbH & Co. KG (Germany).
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