Hip Reconstruction Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Hip Reconstruction Devices Market is segmented by Product Type (Primary Hip Reconstruction Devices, Partial Hip Reconstruction Devices, Hip Resurfacing Devices, and Others), by End-User, and by Geography.

Hip Reconstruction Devices Market Snapshot

Hip Reconstruction Devices Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.5 %

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Market Overview

The hip reconstruction devices market studied was projected to grow with a CAGR of nearly 4.5% over the forecast period. The major factor attributing to the growth of the market is the increase in the incidence of hip fractures and hip osteoarthritis is one of the major factors boosting growth. According to the Centers for Disease Control and Prevention, every year over 300,000 older people those 65 and older are hospitalized for hip fractures. More than 95% of hip fractures are caused by falling, usually by falling sideways. Women experience three-quarters of all hip fractures. Women more often have osteoporosis, a disease that weakens bones and makes them more likely to break. Furthermore, the growing number of geriatric population is boosting the market growth. However, the cost of the treatment is the major drawbacks of the market growth

Scope of the Report

As per the scope of the report hip reconstruction devices are used in surgeries which often take place after hip fractures. These are different from hip replacement surgeries. This report is segmented by Product Type, by End-User, and by Geography.

By Product Type
Primary Hip Reconstruction Devices
Partial Hip Reconstruction Devices
Hip Resurfacing Devices
Other
Bt End-User
Hospitals
Orthopedic Clinics
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Hip Resurfacing Devices is the Fastest Growing Segment in the Hip Reconstruction Devices Market.

  • Hip resurfacing is a type of hip reconstruction surgery. In traditional hip replacement surgery, the surgeon removes your femoral head completely instead of just capping it with a metal covering and also replaces the socket of the hip bone. Hip resurfacing may help decrease your pain, improve your joint mobility, and result in a better quality of life. Usually, healthcare providers only recommend hip resurfacing if you still have significant problems even after the use of other, more conservative treatments, like pain medicines and assistive walking devices.
  • The increasing incidence of hip fractures, and hip osteoarthritis is the major factor for the growthof the segment. Moreover, the increasing geriatric population is the indirect factor for the market growth, the elderly people are more prone to hip fractures and arthritis. According to the United Nations report, in 2018, for the first time in history, persons aged 65 or above outnumbered children under five years of age globally. The number of persons aged 80 years or over is estimated to triple, from 143 million in 2019 to 426 million in 2050. As per the statistics the geriatric population is increasing, boosting the market growth.
Hip Reconstruction Devices Market

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to the factors such as the presence of key players, high prevalence of hip fractures and arthritis, increasing geriatric population, established healthcare infrastructure are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. In this region the United States has the maximum share due to supportive healthcare policies, the high number of elderly people and a developed healthcare market.

Hip Reconstruction Devices Market

Competitive Landscape

The hip reconstruction devices market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Zimmer Biomet, Johnson & Johnson, Stryker, Smith & Nephew, B. Braun Melsungen AG, Waldemar Link GmbH & Co. KG, Surgival, Exactech, Inc., Limacorporate S.p.a. , Microport.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Incidence of Hip Fractures, Hip Osteoarthritis

      2. 4.2.2 Increasing Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Treatment

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Primary Hip Reconstruction Devices

      2. 5.1.2 Partial Hip Reconstruction Devices

      3. 5.1.3 Hip Resurfacing Devices

      4. 5.1.4 Other

    2. 5.2 Bt End-User

      1. 5.2.1 Hospitals

      2. 5.2.2 Orthopedic Clinics

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Zimmer Biomet

      2. 6.1.2 Johnson & Johnson

      3. 6.1.3 Stryker

      4. 6.1.4 Smith & Nephew

      5. 6.1.5 B. Braun Melsungen AG

      6. 6.1.6 Waldemar Link GmbH & Co. KG

      7. 6.1.7 Surgival

      8. 6.1.8 Exactech, Inc.

      9. 6.1.9 Limacorporate S.p.a.

      10. 6.1.10 Microport

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Hip Reconstruction Devices Market market is studied from 2018 - 2026.

The Hip Reconstruction Devices Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Zimmer Biomet, Johnson & Johnson, Stryker Corporation, Smith & Nephew, B. Braun Melsungen AG are the major companies operating in Hip Reconstruction Devices Market.

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