Hip Replacement Implants Market By Product Type (Femoral Reconstruction, Acetabular Reconstruction, Bearing and Porous Metal Technologies), By Material Type (Metal-on-metal, Metal-on-polyethylene, Ceramic-on-metal, Ceramic-on-polyethylene, Ceramic-on-ceramic), By End-User (Hospital, Ambulatory Surgical Centers, Specialty Clinics) - Growth, Future Prospects, Competitive Analysis, 2018 - 2026

The global hip replacement implants market was worth $7,202.5 million in 2017 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2018 to 2026. The global hip replacement implants market is driven by the growing volume of hip arthroplasty worldwide, the development of dynamic implants with better compatibility and a lower risk of infection, and a growing geriatric population susceptible to hip injuries and ailments. An alarming rise in the prevalence of osteoarthritis globally will augment the growth of hip replacement implants. According to a 2017 Arthritis Foundation report, approximately 54.4 million adults in the United States had doctor-diagnosed arthritis, with 23.7 million experiencing activity limitations as a result of the disease. The report also suggests that the number of people with doctor-diagnosed arthritis will increase by 49 percent to 78.4 million by 2040 and that close to 34.6 million patients will suffer from activity limitation due to arthritis. According to the American Joint Replacement Registry (AJRR), in 2016, osteoarthritis was the most common reason for hip arthroplasty, accounting for 70% of the overall cases in the United States. Many studies suggest that hip replacement reduces pain, improves the quality of life, and increases overall healthcare resource utilization. Growing geriatric populations are also driving the market for hip replacement implants. According to one study, by 2030, more than half of total hip arthroplasty procedures will be performed on patients under the age of 70. Technological advancements such as the quality of the material, enhancements in the life of the implant, and overall patient outcomes will continue to drive the market for hip replacement implants globally. For instance, Conformis, Inc. developed the first 3D-printed primary hip replacement system and successfully carried out its first surgery in the U.S. in July 2018.

Market Synopsis

Femoral Reconstruction Implants Hold the Largest Share

In 2017, femoral reconstruction implants held the largest share in the global hip replacement implants market, owing to a large number of products available in the market. Though femoral and acetabular reconstruction products are equally used in any hip replacement surgery, the cost of the femoral reconstruction products is higher as compared to acetabular implants. Product innovation and the growing number of hip arthroplasty procedures globally are driving the market. Bearing and porous technologies will exhibit significant growth during the forecast period.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The hip replacement implants market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on product type, material, end-user, and geography.

The market is being researched to better understand the current dynamics and future trends in the global hip replacement implants market. The study includes market size and forecasts for all considered segments presented in the report for the period from 2016 to 2026, along with respective compound annual growth rates (CAGRs) for the forecast period from 2018 to 2026, considering 2017 as the base year. The key players currently engaged in the hip replacement implants market include Zimmer Biomet Holdings, DePuy Synthes, Inc., Stryker Corporation, MicroPort Scientific Corporation, B. Braun Melsungen AG, Smith & Nephew Plc, DJO Global, Exactech, Inc., and Corin Orthopedics Holdings Ltd, among others.

Key questions are answered in this report.

• How will the global hip replacement implants market perform during the forecast period from 2018 to 2026?
• What are the latest trends in the hip replacement implant market and valuable opportunities for key players?
• Who are the leading players in the global hip replacement implant market?
• Which region leads and is the fastest growing in the global hip replacement implants market?
• What are the drivers and restraints governing the global market for hip replacement implants?

Frequently Asked Questions: