Global Total Hip Replacement Market Overview:
The total hip replacement procedure is to replicate the action of the natural joint. This is done in four parts, a socket, liner, ball, and stem. In this, the cup is made of metal and fits into the natural hip socket. The liner is made up of medical grade polyethylene. In coming years Artificial Intelligence helps orthopedic surgeons to predict which patients will do well after joint replacement procedures and which less benefited are. Some of the key players profiled in the study are Johnson & Johnson (United States), Stryker (United States), Zimmer Biomet (United States), Smith & Nephew (United Kingdom), Wright Medical (United States), ConforMIS (United States), Corin (United Kingdom) and Maxx Orthopedics Inc. (United States).
On the basis of geography, the market of Total Hip Replacement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Materials Use By Doctors, the sub-segment i.e. Components of a Hip Replacement will boost the Total Hip Replacement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Approach Type, the sub-segment i.e. Anterior Approach to the Hip will boost the Total Hip Replacement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treat Conditions, the sub-segment i.e. Osteoarthritis of the Hip will boost the Total Hip Replacement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Chronic Pain and Impairment of Daily Function of Patients
- Rising Severe Arthritic Conditions, Especially Osteoarthritis
- Increasing Number of Young and Active Patients Undergoing Hip Arthroplasty
- Surface Replacement or Short-Stemmed Femoral Shaft Prostheses
- High opportunity in United States due to rising number of individuals in the United States opt for elective joint replacements to maintain active lifestyles
- Risks Generated After This Industry Includes Blood Clots, Infection
- Create Metal-On-Metal Complications
Major Market Developments:
In Mar 2019, Corin announced the acquisition of OMNI, this agreement accelerates the Corinís growth strategy and provides a greater foothold in the United States.
In Aug 2018, Conforming introduced the first two Conformis Hip System implants. The company designed the first ever 3D designed primary total hip replacement system. Through this step, the company expects to lead USD 7 billion hip replacement market by providing surgeons with game-changing operative solutions.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Total Hip Replacement market on the basis of product  , application [Age Below 45, Age 45-65 and Age Above 65], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Total Hip Replacement market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Total Hip Replacement industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Total Hip Replacement market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.