The global demand for Hip Articular Prostheses Market is presumed to reach the market size 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. Regarding volume, the market was calculated XX K Units in 2021 and forecast to touch XX K Units by 2028 with a CAGR of XX% during 2022-2028.
Hip articular prostheses refer to an artificial joint formulated, designed and implanted surgically to perform similar functions as that of the natural one. Hip articular prostheses are a highly flexible and perfect solution that offers the ability to nurse patients suffering from orthopaedic diseases. Hip articular prostheses aid in restoring the shape and posture of the hip and hold incredible utility for patients who have suffered hip injuries.
Market Dynamics
The global hip articular prostheses market is expected to grow at a healthy rate in the forthcoming years. The rise in the incidence of hip fractures and hip osteoarthritis is projected to promote the growth of the hip articular prostheses market globally. Also, the increase in the prevalence of osteoarthritis, trauma, osteoporosis, and rheumatoid arthritis is anticipated to boost the global market growth. Accidents, strenuous activities, and old age are some risk factors for hip injuries. Hence, a rise in the geriatric population and an increase in the number of road accidents are expected to accelerate the hip articular prostheses market. Furthermore, an increase in the emphasis on quality care is likely to propel the market. The rising awareness regarding the use of hip articular prostheses is anticipated to drive the hip articular prostheses market. The expenditure of the government in developing countries towards the modernization of health care infrastructure will further create prominent opportunities in the market. Additionally, a rise in the need for cost-effective hip implants is anticipated to drive the global hip articular prostheses market.
The research 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 an inclusive assessment of each segment in the global market of hip articular prostheses. The growth and trends of hip articular prostheses industry provide a holistic approach to this study.
Market Segmentation
This section of the hip articular prostheses market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Cemented
- Non-Cemented Fixation
By End Users/Applications
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Hip Articular Prostheses market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Hip Articular Prostheses 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 hip articular prostheses market include Waldemar Link GmbH and Co. KG, Kyocera Medical Corporation, Smith and Nephew,Inc, Medacta International SA, EXACTECH INC, GROUPE LEPINE, Biomet UK LTD, Howmedica Osteonics Corp, CHUNLI, Depuy Synthes, Corin, B. Braun, Shanghai Microport Orthopedics, Stryker. This section consists of 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.
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