Hip Replacement Market Size to Reach USD 9.91 billion at 5.3% CAGR Forecast 2021-2028

Hip Replacement Health Market Projection By Technology, Major key players, Growth, Revenue, CAGR, Regional Analysis Industry Forecast 2021 To 2027 is latest report published on “Global Hip Replacement Health Market” by Fortune Business Insights. The global robotaxi market size was USD 6.91 billion in 2021. The global impact of COVID-19 pandemic has been unprecedented and staggering, with robotaxi witnessing a positive demand across all regions amid the pandemic. Based on our analysis, the global commercial vehicle market size is projected to reach USD 9.91 billion by the end of 2028. The increasing IT sector and rapid industrialization across the globe will emerge in favor of market growth.

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Hip Replacement Health Top Companies Analyzed in the report:

  • Exactech, Inc. 
  • Stryker 
  • B. Braun Melsungen AG
  • Bioimpianti
  • Zimmer Biomet 
  • MicroPort Scientific Corporation
  • DePuy Synthes (Johnson & Johnson Services, Inc.)
  • Conformis 
  • Smith & Nephew plc

Covid-19 Pandemic Impact:

According to this report Global Hip Replacement Health Sector will rise from Covid-19 pandemic impact at moderate growth rate during 2021 to 2027. The COVID-19 pandemic has triggered unprecedented economic uncertainty in the business world. While some businesses are in a relatively insulated due to low exposure, many others have been unable to escape the effects of the pandemic and are struggling financially. We aim to provide businesses with thoroughly researched market intelligence reports regarding this crisis so that they can formulate well-informed market strategies.

Increase in Preference for Customized Hip Implants to Drive Market

The increasing geriatric population and their vulnerability to various health issues of the bones is a major driver for the hip replacement market growth. In addition, the increasing prevalence of osteoarthritis is adding a boost to the market and further expected to do the same in the coming years. In addition, there is a surge in demand for partial replacement surgeries. This, coupled with the advent of robot-assisted hip implants will help boost the hip replacement market shares in the coming years. Moreover, the rise in preference for customized implants for both female and male patients is likely to drive the market. This is attributable to the introduction of 3D printing technology for the manufacturing of customized implants. Furthermore, government-supported health reimbursement policies set to provide affordable and quality care to all patients are anticipated to create lucrative growth opportunities for the market in the long run.

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Published
Categorized as Healthcare

By Industry Research Reports

Our market studies encompass a multitude of factors such as market, economic and technological developments. They contain a detailed study on various market segments. Information thus included is obtained via extensive desk research and interviews with relevant stakeholders.

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