Market Overview:
The global artificial orthopaedic hip replacement market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of arthritis, growing geriatric population, and technological advancements in artificial joint implants. In addition, the increasing demand for minimally invasive surgeries is also contributing to the growth of this market. The global artificial orthopaedic hip replacement market is segmented by type into ceramics artificial joints, alloy artificial joints, and other types. The alloy artificial joint segment is expected to grow at a higher CAGR during the forecast period as these implants are more durable than other types of implants available in the market. By application, the global artificial orthopaedic hip replacement market is divided into elderly patients, athletes, and other applications. The elderly patients segment accounts for majority of share in this market owing to rising incidence rates of arthritis across all regions worldwide. However, with technological advancements being made in implant design and materials used for manufacturing implant components such as bearings and cups; there has been an increase in adoption rates among younger age groups as well which would propel this segments growth during forecast period .Geographically ,the global Artificial Orthopaedic Hip Replacement Marketis segregatedinto five key regions namely North America , Latin America , Europe Asia Pacificand Middle East & Africa .
Product Definition:
An artificial orthopaedic hip replacement is a prosthetic device used to replace a diseased or damaged hip joint. The implant is made of metal and plastic and is designed to replicate the natural function of the hip joint.
Ceramics Artificial Joints:
Ceramics artificial joints are used in hip and knee replacement surgeries. They are man-made devices made of ceramic or ceramic like material that is used as an alternative to the native joint surface of the body.
Alloy Artificial Joints:
Alloy artificial joints are used in the manufacturing of artificial orthopaedic hip joint. They are manufactured using various metals such as titanium, stainless steel and aluminum. The most commonly used alloys for hip replacement surgery is a cobalt-chromium alloy (CoCr), which consists of approximately 65% chromium and 35% cobalt by weight.
The global market size was valued at USD 1,305 million in 2016.
Application Insights:
The other application segment includes patients with hip fracture and those undergoing total hip replacement as a primary or secondary procedure. In 2017, the elderly patient segment dominated the market for total artificial joints owing to factors such as rising geriatric population and increasing life expectancy in emerging economies. The growing importance of joint preservation for maintaining bone health is also expected to drive demand over the forecast period.
Athlete held a significant share in 2017 due to high incidence of sports injuries that lead to wear & tear of the joint causing osteoarthritis (OA). On average, around 60-80% people suffer from OA after 50 years of age which leads to severe pain and disability. Thus, there is an increased need for alternative solutions resulting in high adoption rate of these devices among athletes worldwide.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness levels among people regarding advanced treatment options, and availability of highly skilled doctors are some factors responsible for the large share. In addition, growing number of patient registrations on online portals to access information regardinghip replacement surgeries is one more factor driving growth in this region.
Asia Pacific is expected to be fastest-growing region over the forecast period owing to increasing geriatric population and rising incidences associated with osteoarthritis that ultimately leadto joint replacements surgery being required.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 5.0% from 2016 to 2020, reaching nearly 1.5 billion by 2020. This growing population is susceptible to orthopaedic problems, such as hip replacement surgeries.
- Rising incidence of obesity and lifestyle diseases: Obesity rates are increasing globally, especially in developed countries. This has led to an increase in the number of people suffering from joint problems and requiring hip replacements surgery as a treatment option. In addition, the prevalence of lifestyle diseases such as diabetes and hypertension is also on the rise, further contributing to the demand for artificial hips replacements surgeries..
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Orthopaedic Hip Replacement Market Research Report
By Type
Ceramics Artificial Joints, Alloy Artificial Joints, Other
By Application
The Elderly, Athlete, Other
By Companies
Zimmer Holdings, Stryker, Link, Exactech, Limacorporate, JRI, Johnson & Johnson, Smith & Nephew, Zimmer Holdings
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Orthopaedic Hip Replacement Market Report Segments:
The global Artificial Orthopaedic Hip Replacement market is segmented on the basis of:
Types
Ceramics Artificial Joints, Alloy Artificial Joints, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
The Elderly, Athlete, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zimmer Holdings
- Stryker
- Link
- Exactech
- Limacorporate
- JRI
- Johnson & Johnson
- Smith & Nephew
- Zimmer Holdings
Highlights of The Artificial Orthopaedic Hip Replacement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ceramics Artificial Joints
- Alloy Artificial Joints
- Other
- By Application:
- The Elderly
- Athlete
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Artificial Orthopaedic Hip Replacement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Artificial orthopaedic hip replacement is a surgery to replace the ball and socket joint in your hip. The surgery replaces the worn out, damaged or missing parts of your hip with an artificial implant.
Some of the key players operating in the artificial orthopaedic hip replacement market are Zimmer Holdings, Stryker, Link, Exactech, Limacorporate, JRI, Johnson & Johnson, Smith & Nephew, Zimmer Holdings.
The artificial orthopaedic hip replacement market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Artificial Orthopaedic Hip Replacement Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Artificial Orthopaedic Hip Replacement Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Artificial Orthopaedic Hip Replacement Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Artificial Orthopaedic Hip Replacement Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Artificial Orthopaedic Hip Replacement Market Size & Forecast, 2018-2028 4.5.1 Artificial Orthopaedic Hip Replacement Market Size and Y-o-Y Growth 4.5.2 Artificial Orthopaedic Hip Replacement Market Absolute $ Opportunity
Chapter 5 Global Artificial Orthopaedic Hip Replacement Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Artificial Orthopaedic Hip Replacement Market Size Forecast by Type
5.2.1 Ceramics Artificial Joints
5.2.2 Alloy Artificial Joints
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Artificial Orthopaedic Hip Replacement Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Artificial Orthopaedic Hip Replacement Market Size Forecast by Applications
6.2.1 The Elderly
6.2.2 Athlete
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Artificial Orthopaedic Hip Replacement Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Artificial Orthopaedic Hip Replacement Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Artificial Orthopaedic Hip Replacement Analysis and Forecast
9.1 Introduction
9.2 North America Artificial Orthopaedic Hip Replacement Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Artificial Orthopaedic Hip Replacement Market Size Forecast by Type
9.6.1 Ceramics Artificial Joints
9.6.2 Alloy Artificial Joints
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Artificial Orthopaedic Hip Replacement Market Size Forecast by Applications
9.10.1 The Elderly
9.10.2 Athlete
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Artificial Orthopaedic Hip Replacement Analysis and Forecast
10.1 Introduction
10.2 Europe Artificial Orthopaedic Hip Replacement Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Artificial Orthopaedic Hip Replacement Market Size Forecast by Type
10.6.1 Ceramics Artificial Joints
10.6.2 Alloy Artificial Joints
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Artificial Orthopaedic Hip Replacement Market Size Forecast by Applications
10.10.1 The Elderly
10.10.2 Athlete
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Artificial Orthopaedic Hip Replacement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Artificial Orthopaedic Hip Replacement Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Artificial Orthopaedic Hip Replacement Market Size Forecast by Type
11.6.1 Ceramics Artificial Joints
11.6.2 Alloy Artificial Joints
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Artificial Orthopaedic Hip Replacement Market Size Forecast by Applications
11.10.1 The Elderly
11.10.2 Athlete
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Artificial Orthopaedic Hip Replacement Analysis and Forecast
12.1 Introduction
12.2 Latin America Artificial Orthopaedic Hip Replacement Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Artificial Orthopaedic Hip Replacement Market Size Forecast by Type
12.6.1 Ceramics Artificial Joints
12.6.2 Alloy Artificial Joints
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Artificial Orthopaedic Hip Replacement Market Size Forecast by Applications
12.10.1 The Elderly
12.10.2 Athlete
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Artificial Orthopaedic Hip Replacement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Artificial Orthopaedic Hip Replacement Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Artificial Orthopaedic Hip Replacement Market Size Forecast by Type
13.6.1 Ceramics Artificial Joints
13.6.2 Alloy Artificial Joints
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Artificial Orthopaedic Hip Replacement Market Size Forecast by Applications
13.10.1 The Elderly
13.10.2 Athlete
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Artificial Orthopaedic Hip Replacement Market: Competitive Dashboard
14.2 Global Artificial Orthopaedic Hip Replacement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zimmer Holdings
14.3.2 Stryker
14.3.3 Link
14.3.4 Exactech
14.3.5 Limacorporate
14.3.6 JRI
14.3.7 Johnson & Johnson
14.3.8 Smith & Nephew
14.3.9 Zimmer Holdings