1 / 4

Global Hip Replacement Market is Estimated to be Valued at US$ 9.1 Bn Mn by 2024

“Hip Replacement Market” Report @ http://www.persistencemarketresearch.com/market-research/hip-replacement-market.asp

aarti
Download Presentation

Global Hip Replacement Market is Estimated to be Valued at US$ 9.1 Bn Mn by 2024

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Global Market Study on Hip Replacement: North America to Register a CAGR of 4.3% Between 2016 and 2024

  2. P e r s i s t e n c e M a r k e t R e s e a r c h About Us Persistence Market Research (PMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each PMR Syndicated Research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement. Copyright © 2015 Persistence Market Research All Rights Reserved. This document contains highly confidential information and is the sole property of PMR. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of PMR. Global Hip Replacement Market 2016-2024

  3. P e r s i s t e n c e M a r k e t R e s e a r c h Report Media Releases Global Hip Replacement Market to Reach US$ 9.1 Bn by 2024 End; Developing Economies Expected to Fuel Revenue Growth In a new report titled “Hip Replacement Market: Global Industry Analysis and Forecast 2016 - 2024”, Persistence Market Research analyzes the performance of the global hip replacement market over an eight-year period and provides insights on the key factors and trends likely to influence the market during the forecast period (2016 – 2024). The global hip replacement market is expected to expand at a CAGR of 4.1% during the forecast period. In this report, the global hip replacement market is tracked in terms of value and is calibrated to obtain market revenue estimates. Request to view Sample Report @ http://www.persistencemarketresearch.com/samples/12037 Rising incidence of arthritis, hip fractures, hip bone infection, product line extensions from manufacturers, increasing innovation, concern about patient safety among clinicians, and development of new hip implants coupled with minimally invasive surgeries and 3D printing technology are major factors driving the growth of the global hip replacement market. Other trends impacting market growth are increasing awareness regarding new hip implants for securement among physicians and patients and rising incidence of hip fractures, trauma, and injuries. Hip replacement implant manufacturers in the global hip replacement market are focusing on introducing varied products with enhanced safety and application to increase market share. Globally patients are facing many distinct challenges including rising implant costs, healthcare reform implementation, and reimbursement rates. Lack of affordability due to high cost structure and access to new custom hip implant procedures in Asian countries is a prominent factor hampering growth of the hip replacement market in the region. According to FDA, from 2002 to 2013, around 578 hip implant products were recalled, which involves metal-on-metal hips. FDA proposed that the high probability of faulty or less effective devices received by patients can cause serious adverse health consequences or death. This may also act as a restraint to the growth of the global hip replacement market. The global hip replacement market is segmented based on product type, component type, and end users. On the basis of product type, the market has been segmented into total hip replacement implant, partial hip replacement implant, hip resurfacing implant, and revision Global Hip Replacement Market 2016-2024

  4. P e r s i s t e n c e M a r k e t R e s e a r c h hip replacement implant. By product type, the total hip replacement implant segment is expected to remain the largest segment, registering a CAGR of 4.7% in terms of value over the forecast period. A wider application in various healthcare conditions and easier availability is expected to contribute to its growing popularity. The partial hip replacement implant is also expected to emerge as the most preferred product type for both patients and physicians globally over the forecast period. On the basis of region, the global hip replacement market has been segmented into North America, Latin America, Europe, Asia Pacific, and MEA. This report assesses trends driving each market segment and offers analysis and insights about the potential of hip replacement in specific regions. North America is estimated to dominate the global hip replacement market with maximum value share of the overall market by the end of 2016. The North America hip replacement market is projected to increase at a CAGR of 4.3% through 2024. Presence of key regional players, a strong distribution network, and developed healthcare infrastructure are the key factors driving the growth of the market in North America. Request to view Table of content @ http://www.persistencemarketresearch.com/mediarelease/hip-replacement-market.asp Competitive landscape Some key companies covered in this report include Stryker Corporation, Smith & Nephew, B. Braun Melsungen AG, DJO Global, Exactech Inc., MicroPort Scientific Corporation, Depuy Synthes (J&J) and Zimmer Biomet. These companies are primarily focused on enhancing their market share by entering new markets and through the introduction of innovative and cost- effective hip implants in order to gain higher market share and to strengthen their respective position in the global hip replacement market. For information regarding permissions, contact: Persistence Market Research 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 Email: sales@persistencemarketresearch.com Website: http://www.persistencemarketresearch.com/ media@persistencemarketresearch.com Global Hip Replacement Market 2016-2024

More Related