Hip Reconstruction Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Hip Reconstruction Device Trends and Forecast

The future of the global hip reconstruction device market looks promising with opportunities in the orthopedic clinic and hospitals & surgery center markets. The global hip reconstruction device market is expected to reach an estimated $10.0 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing prevalence of osteoarthritis and rheumatoid arthritis, rising demand for customized hip implantation, and increasing demand for molecular diagnostics.

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Hip Reconstruction Device by Segment

The study includes a forecast for the global hip reconstruction device by product, material, end use, and region.

Hip Reconstruction Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Total Hip
• Partial Femoral Head
• Hip Resurfacing
• Revision Hip

Hip Reconstruction Device Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Metal-on-Metal
• Metal-on-Polyethylene
• Ceramic-on-Polyethylene
• Ceramic-on-Metal
• Ceramic-on-Ceramic

Hip Reconstruction Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Orthopedic Clinics
• Hospitals & Surgery Centers
• Others

Hip Reconstruction Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hip Reconstruction Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hip reconstruction device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hip reconstruction device companies profiled in this report include-

• Zimmer Biomet
• Johnson & Johnson
• Stryker Corporation
• Smith & Nephew
• Microport Scientific
• Exactech
• OMNIlife Science
• B. Braun Melsungen
• DJO Global
• Aesculap Implant Systems

Hip Reconstruction Device Market Insights

Lucintel forecasts that total hip replacement is expected to witness highest growth over the forecast period due to its rising preference among patients to relieve pain, improves mobility, and enhances overall quality of life.

Hospitals & surgery center is expected to witness higher growth over the forecast perioddue to growing number of hip replacement operations and increasing availability of highly trained medical professionals for challenging surgeries like hip reconstruction.

North America is expected to witness highest growth over the forecast period due to growing incidence of osteoarthritis and hip replacement surgeries, availability of robust healthcare infrastructure, and rising number of geriatric population in this region.

Features of the Global Hip Reconstruction Device Market

Market Size Estimates: Hip reconstruction device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hip reconstruction device market size by product, material, end use, and region. in terms of value ($B).

Regional Analysis: Hip reconstruction device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, materials, end uses, and region.s for the hip reconstruction device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hip reconstruction device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the hip reconstruction device market size?

Answer: The global hip reconstruction device market is expected to reach an estimated $10.0 billion by 2030.

Q.2. What is the growth forecast for hip reconstruction device market?

Answer: The global hip reconstruction device market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the hip reconstruction device market?

Answer: The major drivers for this market are growing prevalence of osteoarthritis and rheumatoid arthritis, rising demand for customized hip implantation, and increasing demand for molecular diagnostics.

Q.4. What are the major segments for hip reconstruction device market?

Answer: The future of the hip reconstruction device market looks promising with opportunities in the orthopedic clinic and hospitals & surgery center markets.

Q.5. Who are the key hip reconstruction device market companies?

Answer: Some of the key hip reconstruction device companies are as follows:

• Zimmer Biomet
• Johnson & Johnson
• Stryker Corporation
• Smith & Nephew
• MicroPort Scientific
• Exactech
• OMNIlife Science
• B. Braun Melsungen
• DJO Global
• Aesculap Implant Systems

Q.6. Which hip reconstruction device market segment will be the largest in future?

Answer: Lucintel forecasts that total hip replacement is expected to witness highest growth over the forecast period due to its rising preference among patients to relieve pain, improves mobility, and enhances overall quality of life.

Q.7. In hip reconstruction device market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to growing incidence of osteoarthritis and hip replacement surgeries, availability of robust healthcare infrastructure, and rising number of geriatric population in this region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the hip reconstruction device market by product (total hip, partial femoral head, hip resurfacing, and revision hip), material (metal-on-metal, metal-on-polyethylene, ceramic-on-polyethylene, ceramic-on-metal, and ceramic-on-ceramic), end use (orthopedic clinics, hospitals & surgery centers, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?