HIP Replacement Market worth 5.9 Billion USD by 2020

HIP Replacement Market worth 5.9 Billion USD by 2020
The report "HIP Replacement Market by Product (Primary HIP Replacement (Cemented,
Cementless), Partial HIP Replacement, Revision HIP Replacement, HIP Resurfacing), Geography
(Americas, EU-5, Japan, BRIC, South-East Asia, MEA) - Forecast to 2020", The global hip
reconstruction devices market was valued at USD 4.8 Billion in 2014, and is estimated to reach
USD 5.9 Billion by 2020, at a CAGR of 3.0% from 2015 to 2020.
Browse 105 market data tables and 114 figures spread through 228 pages and in-depth TOC
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The Global Hip Reconstruction Devices market is expected to witness substantial growth due to
increasing number of arthritis patients, favorable reimbursement, and technological
advancements
The global hip reconstruction devices market growth is attributed to the rise in the number of
patients suffering from arthritis, technological advancements, and favorable reimbursement.
Despite this, the pricing pressure, waiting list and risk of complications after implantation are
some of the major hindering factors.
The government initiative of allocating new funds and development of new policies have reduced
the waiting time for hip reconstructions, and increased the number of operations. However, it is
difficult to achieve 90% threshold of patients that receive care within the regulated time.
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The technological advancements in hip reconstruction market, such as newly developed
prostheses with improved strength and reliability of joints are reducing the need and cost of
revision surgery. The minimally invasive techniques for hip reconstruction surgery will improve
the precision and accuracy of surgeons, thus reducing the time of surgery. The emergence of

these techniques and other improved surgical tools for the treatment of arthritis is expected to
address the rising demand for surgery during the forecast period.
In 2014, the global hip reconstruction devices market was dominated by North America. This
market is segmented and forecast on the basis of product, and geography. The product comprises
of primary hip reconstruction devices, partial hip reconstruction devices, revision hip
reconstruction devices and hip resurfacing devices. The primary hip reconstruction devices are
subsegmented into cementless and cemented reconstruction device. The market is further
segmented and forecast on the basis of major geographies such as North America, Europe, and
Asia-Pacific. These major geographies are further sub-segmented into major countries.
The market in North America is growing due to rising pool of arthritis, and favorable
reimbursement. The European market is growing due to the technological advancements and is
dominated majorly by Zimmer Inc. (U.S.) and Depuy Synthes (U.S.). The Asian market is growing
due to growing health awareness among masses, along with increase in the spending capacity of
the Indian population. Also, increasing number of population suffering from musculoskeletal
disorders (MSD), government initiatives, and rising awareness towards hip reconstruction are
propelling the market growth.
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This report also includes the market share, approach for arriving at the market size, new
technology developments, product matrix, life cycle analysis, Porter’s five forces analysis and
price analysis by product. In this report, market metrics are also included such as drivers,
restraints and upcoming opportunities in the market. In addition, it presents a competitive
landscape and company profiles of key players in the market including major companies which
provide hip reconstruction devices as a product.
The research study is aimed at identifying emerging trends and opportunities in the global hip
reconstruction devices market along with detailed classifications, in terms of revenue. It provides
comprehensive competitive landscape and identifies the key players with respect to market size
and market share. The research study also includes a detailed segmentation of the global hip
reconstruction devices market, on the basis of product, and region.
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