Published by Coherent Market Insights
Posted on September 16, 2021
Hip Implants Market – Competitive Landscape
Key players functioning in the global prosthetic liners market consists of Stryker, Depuy Synthes, B.Braun Melsungen, Boston Scientific Corporation, Wright Medical N.V., Hip Innovation Technology LLC., Johnson and Johnson, MicroPort Scientific, Smith and Nephew, Zimmer Biomet, and DJO Global.
Request Here For Market Latest Insights: https://www.coherentmarketinsights.com/insight/request-pdf/3337
Hip implants are medical devices used to restore mobility and relieve pain associated with arthritis and other hip injuries or diseases, such as osteonecrosis. Therefore, with the increasing prevalence of osteonecrosis, demand for hip implants is also increasing rapidly. Osteonecrosis affects both men and women; affects people of all ages. It is most common among people in their thirties and forties. According to the National Organization for Rare Disorder (NORD), osteonecrosis usually affects people between 30 and 50 years of age; about 10,000 to 20,000 people develop osteonecrosis each year in the United States. This in turn is expected to propel the growth of the hip implants market.
Patient characteristics such as sex, age, weight, overall health, and activity level are some major factors that influence the outcome and longevity of a hip implant device. The first metallic hip replacement surgery was performed in 1940 at Columbia Hospital in Columbia by American surgeon Dr. Austin T. Moore. Moreover, due to the growing geriatric population worldwide, the demand for hip implants is also increasing, as they are prone to osteoarthritis. According to the World Health Organization (WHO), by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. This in turn is also expected to accelerate the growth of the hip implants market.
Growth of the hip implants market, in North America and the Asia Pacific, is mainly driven by the increasing prevalence of osteonecrosis, the growing geriatric population, and the increasing launches and approvals of hip implants. For example, in September 2020, Smith+Nephew received approval from the National Medical Products Administration (NMPA) in China to introduce its REDAPT System for revision total hip arthroplasty (rTHA). Moreover, in July 2020, the company launched RI Hip Navigation system, for total hip arthroplasty, to maximize accuracy and reproducibility to deliver patient-specific component alignment for surgeons when assessing individual total hip arthroplasty cases.
The total hip replacement is a very common surgery that helps reduce pain and rigidity in the hip joint. It is categorized into four segments, such as primary hip reconstruction, revision hip implants, hip resurfacing, and partial hip reconstruction. Every year, thousands of hip and knee replacement procedures are performed in India, providing great benefit to many patients. Moreover, the success of these procedures has resulted in greater numbers being undertaken each year. This in turn is expected to augment the growth of the hip implants market in the Asia Pacific, especially in India.
Purchase this Report at Discount Of US $2000 Flat OFF – https://www.coherentmarketinsights.com/promo/buynow/3337
Reasons to Purchase this Report
• Current and future of global Hip Implants Market outlook in the developed and emerging markets • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. • Regions/countries that are expected to witness the fastest growth rates during the forecast period • The latest developments, market shares, and strategies that are employed by the major market players
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Hip Implants Market Size By 2027 | Future Trends, Top Key Companies Profile, Key Insights and Share Analysis appeared first on Gatorledger.
Hip Implants Market – Competitive Landscape
Key players functioning in the global prosthetic liners market consists of Stryker, Depuy Synthes, B.Braun Melsungen, Boston Scientific Corporation, Wright Medical N.V., Hip Innovation Technology LLC., Johnson and Johnson, MicroPort Scientific, Smith and Nephew, Zimmer Biomet, and DJO Global.
Request Here For Market Latest Insights: https://www.coherentmarketinsights.com/insight/request-pdf/3337
Hip implants are medical devices used to restore mobility and relieve pain associated with arthritis and other hip injuries or diseases, such as osteonecrosis. Therefore, with the increasing prevalence of osteonecrosis, demand for hip implants is also increasing rapidly. Osteonecrosis affects both men and women; affects people of all ages. It is most common among people in their thirties and forties. According to the National Organization for Rare Disorder (NORD), osteonecrosis usually affects people between 30 and 50 years of age; about 10,000 to 20,000 people develop osteonecrosis each year in the United States. This in turn is expected to propel the growth of the hip implants market.
Patient characteristics such as sex, age, weight, overall health, and activity level are some major factors that influence the outcome and longevity of a hip implant device. The first metallic hip replacement surgery was performed in 1940 at Columbia Hospital in Columbia by American surgeon Dr. Austin T. Moore. Moreover, due to the growing geriatric population worldwide, the demand for hip implants is also increasing, as they are prone to osteoarthritis. According to the World Health Organization (WHO), by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. This in turn is also expected to accelerate the growth of the hip implants market.
Growth of the hip implants market, in North America and the Asia Pacific, is mainly driven by the increasing prevalence of osteonecrosis, the growing geriatric population, and the increasing launches and approvals of hip implants. For example, in September 2020, Smith+Nephew received approval from the National Medical Products Administration (NMPA) in China to introduce its REDAPT System for revision total hip arthroplasty (rTHA). Moreover, in July 2020, the company launched RI Hip Navigation system, for total hip arthroplasty, to maximize accuracy and reproducibility to deliver patient-specific component alignment for surgeons when assessing individual total hip arthroplasty cases.
The total hip replacement is a very common surgery that helps reduce pain and rigidity in the hip joint. It is categorized into four segments, such as primary hip reconstruction, revision hip implants, hip resurfacing, and partial hip reconstruction. Every year, thousands of hip and knee replacement procedures are performed in India, providing great benefit to many patients. Moreover, the success of these procedures has resulted in greater numbers being undertaken each year. This in turn is expected to augment the growth of the hip implants market in the Asia Pacific, especially in India.
Purchase this Report at Discount Of US $2000 Flat OFF – https://www.coherentmarketinsights.com/promo/buynow/3337
Reasons to Purchase this Report
• Current and future of global Hip Implants Market outlook in the developed and emerging markets • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. • Regions/countries that are expected to witness the fastest growth rates during the forecast period • The latest developments, market shares, and strategies that are employed by the major market players
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Hip Implants Market Size By 2027 | Future Trends, Top Key Companies Profile, Key Insights and Share Analysis appeared first on Gatorledger.
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