The global demand for Artificial Hip Prosthesis Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
The artificial hip prosthesis is a device used to replace a broken hip by surgical methods. A hip prosthesis is generally made of metal alloys, ceramics, high-quality plastic, and polymer materials and can be used to reconstruct hip fractures or replace a painful, dysfunctional joint. The prosthesis can be highly functional and long-lasting, enabling the patient to live a more fulfilling and active life. However, these implants last only for 10-15 years on average. There are higher chances of implant failure. The two significant factors to be considered to improve hip implants’ integrity and life are the design and biomaterial used for the prosthesis.
Market Dynamics
A growing number of people, especially women suffering from hip fractures due to accidents, osteoporosis, and osteoarthritis worldwide, will be the main impetus for this market’s growth. Rising awareness and an increase in the demand for hip arthroplasty/replacement surgeries will benefit market growth. Favorable reimbursement policies, affordable health care facilities, and technological advancements will be a market booster. Increasing investment in the research for high-quality biomaterials to manufacture prostheses will further aid market growth. Lack of awareness and higher possibilities of an implant failure are the restraining factors for this market’s growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of artificial hip prosthesis.
Market Segmentation
This section of the artificial hip prosthesis market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Type
- Total Hip Replacement
- Partial Hip Replacement
- Revision Surgery
By Application
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Artificial Hip Prosthesis market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Artificial Hip Prosthesis Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the artificial hip prosthesis market include Johnson & Johnson, Smith & Nephew, Stryker, Zimmer-Biomet, Altimed, JRI Orthopaedics, Lima Corporate, Corin, Exactech, Elite Surgical, Marle, FH Orthopedics, EVOLUTIS, Aesculap, Depuy Synthes, ARZZT, Peter Brehm, SERF Dedienne sante, Shanghai Microport Orthopedics, Biomet, Biotechni, Arthrex, B Braun Medical, ConforMIS, Corentec, Synimed, Tornier, etc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.