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By the end of the year 2024, Global Hip Replacement market will be more than US$ 6 Billion. Hip replacements are done to treat broken hips happnes due to fracture, arthritis, or any other musculoskeletal disorders. Hip implant is a very safe medical surgery, to get rid of constant pain. After successful hip replacement surgery patients can do there normal day to day chores like walking, climbing statirs doing simple exercises.
The hip replacement market is growing due to quite a few factors that helps in the growth of business worldwide.
• Due to rise in geriatric population globally frequency of osteoarthritis and post-traumatic arthritis is expected to grow in future.
• The growth in understanding about the minimally invasive surgeries has created a high acceptance of these methods
• Change in life style and increase in professional sports has also helped the global hip replacement industry to grow.
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Challenge in Global Hip Replacement Market
The cost involved in the hip replacement surgery is proving to be a big negative factor for the growth of the global hip replacement market in developing countries. Complications associated with post hip replacement surgery is also one of the deterent factor for the growth of this market.
Future Vision is leaning towards Minimally Invasive surgery
In hip resurfacing, an orthopedic surgeon removes only the broken parts of the head of the femur bone and covers it with a metal cap, as replacing the hip socket with a metal cup. In traditional hip replacement, the entire head of the femur is removed and replaced with a metal implant; a plastic cup replaces the hip socket. Hip resurfacing is a treatment prescribed for patients with severe arthritis.
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Segmentation - By Product
Hip replacement is a surgical procedure in which an artificial prosthetic implant is placed in Hip joints due to infection occurred by diseases or by hip fractures. Hip implants plays a very crucial role in supporting as well as care damaged hips caused by fractures, arthritis or other musculoskeletal disorders.
This report provides the Hip Replacement segments market data on the Hip Resurfacing Market, Total Hip Replacement Market, Partial Hip Replacement Market and Revision Hip Replacement Market. Hip implant is very common surgery, which helps in reducing rigidity in hip joints and pain. As the geriatric populace is increasing across the globe, it is expected that hip replacement market will thrives in the upcoming years.
