ID: MRFR/HC/6976-HCR | 111 Pages | Published By Rahul Gotadki on March 2023
Hip Implants Market Size is expected to hold a value of USD 11,500 Million by 2030 at a CAGR of 3.54%.
$11,500 Million
3.54%
North America
2022-2030
Hip Implants Market is expected to hold a value of USD 11,500 Million by 2030 at a CAGR of 3.54% during the forecast period (2022-2030). Hip implants are medical devices used to relieve pain and restore mobility in patients suffering from hip-related problems. They usually associated with arthritis and other hip diseases or injuries. Increasing hip replacement surgeries is the primary factor attributed to the growth of the market.
Hip Implants Market Influencer
Technological advancements and product launches by key players in the market are likely to act as a promising factor for the growth of the market in the near future.
Hip Implants Market Drivers
Hip Implants Market Restraints
Hip Implants Market Segmentation
By Product
Hip Implants Market By Material
Hip Implants Market By End-User
Hip Implants Market Top Key Players
hip implants market is projected grow at approximately 3.54% CAGR during the assessment period (2020-2030).
The valuation of the global hip implants market is estimated to increase to USD 11,500 MN by the end of 2030.
Increasing demand for hip replacement surgeries, introduction of custom-made implants, and rise in incidence of accidental injuries are the major tailwinds pushing the growth of the global hip implants market.
North America holds the largest share in the global hip implants market, followed by Europe and the Asia Pacific, respectively.
DJO Global, Inc. (US), Corin (UK), OMNILife science, Inc. (US), Stryker Corporation (UK), MicroPort Scientific Corporation (China), Zimmer Biomet Holdings, Inc. (US), Exactech, Inc. (US), Smith & Nephew PLC (UK), Aesculap Implant Systems, LLC (US), and B. Braun Melsungen AG (Germany), are some of the major players operating in the global hip implants market.