Hip Replacement Implants Market to Reach $7.8 Billion by 2026
The global hip replacement implants market size was estimated at USD 5.56 billion in 2018 and is anticipated to grow at a CAGR of 4.7% over the forecast period
(firmenpresse) - The global hip replacement implants market size is expected to reach USD 7.8 Billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at exhibiting a CAGR of 4.7% over the forecast period. Growing prevalence of osteoarthritis & osteoporosis are expected to drive growth over the forecast period. In addition, a paradigm shift toward minimally invasive procedures is fueling the market globally. Moreover, favorable reimbursement policy is further propelling growth.
Moreover, individuals aged 60 years and above accounted for 12.3% of the global population in 2015 and this population is expected to reach 21.5% in 2050. Thus, increasing population of those aged 60 years and above is expected to impel growth. Moreover, increasing adoption of minimally invasive surgeries coupled with availability of variety of advanced treatment options is a key factor driving the market.
Further key findings from the report suggest:
•Increasing demand for minimally invasive surgeries is anticipated to create growth opportunities in the hip replacement implants market.
•Increasing number of sports injuries & road traffic accidents are driving demand for total replacement surgeries.
•Total hip implants accounted for the largest revenue share as of 2018, owing to technological advancements and growing adoption.
•Metal-on-polyethylene (MOP) held the largest share of material segment due to its minimal surgical risk and negligible post-surgery complications.
•Hospitals & surgery centers held the largest revenue share of end-use segment due to maximum number of surgeries performed within these facilities.
•North America held the dominant share as of 2018, due to supportive government initiatives and presence of large number of industry players.
•Asia Pacific is anticipated to witness lucrative growth due to increase in the target population and booming medical tourism.
•Some key companies are Zimmer Biomet, Johnson & Johnson, Smith & Nephew Plc., Stryker, and Aesculap Implant Systems LLC.
Themen in dieser Pressemitteilung:
hip-replacement-implant
hip-implant
hip
hip-surgery
hip-replacement-surgery
medical
healthcare
ortho
orthopedic
Unternehmensinformation / Kurzprofil:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: http://www.grandviewresearch.com
Datum: 24.09.2019 - 11:22 Uhr
Sprache: Deutsch
News-ID 599435
Anzahl Zeichen: 2344
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Town:
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Phone: 1-888- 202-9519
Kategorie:
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Typ of Press Release: Financial
type of sending: send
Date of sending: 24.09.2019
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