United States Hip Replacement Devices Market is anticipated to grow with advancing technologies of the surgical equipment, in the forecast period, 2023-2027F.
According to TechSci Research report on, “United States Hip Replacement Devices Market - By Region, Competition Forecast & Opportunities, 2027” United States hip replacement devices market might register an impressive CAGR during the forecast period, 2023-2027, to establish growth due to factors like increasing demands for the minimally invasive surgeries. Growing demands for the minimal invasive or non-invasive surgical devices further drives the growth of the United States hip replacement devices market in the upcoming five years. Growth in the research and technological advancement in the medical devices and increasing investments in their advancement further supports the growth of the United States hip replacement devices market in the next five years. Increasing instances of orthopedic diseases like osteoarthritis (OA), osteoporosis and hip ailments further aids the growth of the United States hip replacement devices market in the future five years. Also, the surgeons across the country using robot-assisted surgery and growing investments in the healthcare infrastructure further adds to the growth of the United States hip replacement devices market in the forecast years through 2027.
Moreover, hip fractures, hip osteoarthritis cases are rapidly multiplying at an alarming rate, also favorable reimbursement scenarios are aiding the market growth at an impressive CAGR in the upcoming five years. Government aids to the consumers & patients with favorable health plans and insurances for the hip replacement surgeries also aid the United States hip replacement devices market in the forecast period.
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The United States hip replacement devices market is segmented by product type, end user, competitional landscape, and regional distribution.
Based on product type, the market is further fragmented into primary hip reconstruction devices, partial hip reconstruction devices, revision hip reconstruction devices, and hip resurfacing devices. Hip reconstruction devices are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on grounds of growing demand for minimally invasive surgeries and ongoing technological advancements. Also, increasing prevalence of osteoarthritis majorly among the geriatric population, and increasing geriatric population of the country are responsible for the growth of the United States hip replacement devices market in the next five years.
By end user, the market is bifurcated into hospitals, ambulatory care centers, orthopedics clinics, and others. Hospitals are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of availability of the complete pre and post-surgery procedures being conducted at one place. Hospitals are often advanced with the in-expensive medical devices and the experts and surgeons that can utilize these devices for the treatment of the patients. Orthopedic clinics are also expected to hold significant growth in the market shares due to growing demands for outpatient care after the surgery may further add to the growth of the United States hip replacement devices market in the future five years. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among South region, Mid-West region, North-East region, and West region.
A partial list of major market players of the United States hip replacement devices market includes:
- Johnson & Johnson (DePuy Synthes)
- B. Braun Medical, Inc.
- Stryker Corporation
- Zimmer Biomet Holdings Inc
- Exactech, Inc.
- Conformis Inc.
- OMNIlife Science Inc.
- DJO Global, Inc.
- Medtronic USA, Inc.
- Aesculap Implant Systems, Inc.
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“Healthcare industry in the country is well established and invites heavy investments. The research and technologically advanced products & their manufacturing actively utilizes the resources that aids the market growth. Hip replacement devices are in demand majorly due to the growing geriatric population of the country. The older population are highly susceptible to the accidents and often possess weaker joints. The demands for hip implants, surgeries are higher in geriatric population. Although due to sports injuries and increasing instances of road accidents, the demand for hip surgeries and replacement procedures are also increasing among the adult population of the country. Moreover, the growing prevalence of arthritis, osteoporosis among the older population adds to the demand for hip replacement devices and thus substantiates the growth of the market. The government is actively involved in investing their finances and resources to aid the medical device industry. New market players may invest in research and advanced product development to enhance their product line to establish their brand in the market in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Hip Replacement Devices Market By Product Type (Primary Hip Reconstruction Devices, Partial Hip Reconstruction Devices, Revision Hip Reconstruction Devices, Hip Resurfacing Devices), By End User (Hospitals, Ambulatory Care Centers, Orthopedics Clinics, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United States hip replacement devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States hip replacement devices market.