Hip Replacement Market Trend Analysis and Growth

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Total hip replacement is also called total hip arthroplasty/hip resurfacing. This is a common operation that can help reduce hip pain and stiffness. Total hip replacement is divided into four parts, namely primary hip reconstruction, partial hip reconstruction, hip resurfacing, and revision hip implants.

The most important hip reconstruction techniques are performed to replace the entire hip joint. It consists of three parts: the femoral shaft, the femoral head and the acetabular bowl. Like the body, the acetabular well can be cemented or uncemented, perhaps because of its advantages. Partial reconstruction of the hip is performed when replacing only the femoral part of the hip joints. This type of implant uses the same modular components as a general hip replacement, but a unipolar or bipolar head with a femoral stem is used for this surgery. A partial hip prosthesis is cheaper, and its implantation takes less time than a total replacement.

The total hip replacement device market was valued at $ 4.8 billion in 2014 and is expected to reach $ 5.9 billion by 2024, with a CAGR of 3.0% in 2015-2020. The entire market for hip reconstruction is broadly based on product and geography. Based on the product, the market is broadly divided into primary hip reconstruction equipment, partial hip reconstruction equipment, hip reconstruction equipment and hip reconstruction equipment. The main tools for hip reconstruction are divided into non-cement and cement reconstruction tools. The report provides an in-depth analysis of nearly 40 countries, including the United States, Canada, Mexico, the BRIC, Germany, France, Italy, Spain, the United Kingdom, Russia, Japan, Taiwan, Singapore, South Korea, Australia, Saudi Arabia, and the United Arab Emirates. , South Africa, etc. In 2014, North America had the largest market share in hip reconstruction equipment. The report also includes average sales prices for hip implants and hip replacement volumes in all countries.

In addition, growing awareness of the health of the masses, together with increasing the expenditure capacity of the population, is driving the market growth. However, factors that hinder include price pressure, the risk of postoperative complications and the waiting time for hospital surgery.

The report also provides detailed competition between companies operating in this market. Country-specific business functions and components, new product launches, mergers and acquisitions, and product approvals from large companies are described in detail. Zimmer Inc. (FS), DePuy Synthes (FS), Stryker (UK), Smith & Nephew (UK), B. Braun Melsungen AG (Germany), Corin (UK) and Waldemar LINK GmbH & Co. KG.

According to OECD health statistics from 2012, hip replacement surgery per 100,000 inhabitants is 287. It is estimated that the number of hip reconstructions has increased over time. The growing number of patients suffering from osteoarthritis, rheumatoid arthritis and osteoporosis are some of the factors that contribute to market growth. The current trend in the trend of minimally invasive surgery (MIS) is also one of the main factors for the hip reconstruction market. MIS, especially hip implants, has become a topic of growing interest in European countries. Recently, the latest implant has been introduced, which accelerates the promotion of minimally invasive techniques and navigation techniques for the postoperative quality of life of patients. Minimally invasive surgery can reduce the amount of soft tissue deflected during the procedure, speed up the patient’s recovery, and reduce discomfort.

Some main causes of MIS are reduced hospital stays, such as reduced rehabilitation times. Of France’s 66 million people, about 3% are over 65 and have undergone hip replacement/reconstruction.

The total hip remodelling equipment market was valued at $ 4.8 billion in 2014 and is expected to reach $ 5.9 billion by 2024, with a CAGR of 3.0% in 2015-2020.

Also Read : soft tissue repair market

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