Global Hip Implant Market Growth, Share, Size, Trends and Forecast (2022 - 2028)
Segmented by Surgical Procedure;
Pricing Trends, Advances in Hip Implant and Product Recalls.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2018 - 2028).Introduction
Global Hip Implant Market (USD Million), 2018 - 2028
# | Global |
---|---|
2018 | 77.7 |
2019 | 87.3 |
2020 | 104.6 |
2021 | 115.3 |
2022 | 130.7 |
2023 | 141.0 |
2024 | 167.5 |
2025 | 181.5 |
2026 | 216.4 |
2027 | 253.5 |
2028 | 293.4 |
In the year 2021, the Global Hip Implant Market was valued at USD 6,417.11 million. The size of this market is expected to increase to USD 8,587.60 million by the year 2028, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.
Global Hip Implant Market Report Snapshot
Parameters | Description |
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Market | Global Hip Implant Market |
Study Period | 2018 - 2028 |
Base Year (for Hip Implant Market Size Estimates) | 2021 |
Study Scope |
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Market Segmentation |
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Geographical Coverage |
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Company Coverage |
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Premium Insights |
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Market Analysis
This report extensively covers different segments of Global Hip Implant Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns). Joint replacement market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x% during the forecast period xxxx-xxxx. Data bridge market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x% during the forecast period xxxx-xxxx. Wheat gluten market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x% during the forecast period xxxx-xxxx. The soc market was valued at usd xx million in xxxx and is projected to register a cagr of xx% during the forecast period. Meditation market is poised to grow at a cagr of xx% by xxxx. Material handling robotics market was valued at usd xx million in xxxx and is projected to register a cagr of xx% during the forecast period. Indoor robots market was valued at usd xx million in xxxx and is projected to register a cagr of xx% during the forecast period. The statin market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x%. The polymer binders market is expected to register a cagr of xx% over the forecast period xxxx-xxxx. Lighting control system market stood at a value of around usd xx billion in xxxx and expected to grow at a cagr of xx% in the forecast period of xxxx-xxxx to attain a value of around usd xx billion by xxxx. The cognitive security market is expected to grow to usd xx billion by xxxx, at a cagr of x% during the forecast period of xxxx to xxxx. Infrastructure monitoring market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x%. Automotive labels market is expected to witness market growth at a rate of xx% in the forecast period of xxxx to xxxx and is expected to reach the value of usd xx billion by xxxx. Entertainment robots market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x%. Coconut sugar market is expected to witness market growth at a rate of xx% in the forecast period of xxxx to xxxx and is expected to reach the value of usd xx billion by xxxx. The usb charger market, wearable device market, soy milk market is expected to grow at a cagr of around xx% during the forecast period. Identity governance and administration market, silicones market is expected to reach the value of usd xx billion by xxxx. In mold labels market is expected to reach the value of usd xx billion by xxxx. Network telemetry market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x%. Synthetic zeolites market is expected to reach the value of usd xx billion by xxxx. Data quality tools market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x%. Squalene market is expected to reach the value of usd xx billion by xxxx. 3d printing medical device market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x% during the forecast period xxxx-xxxx. Healthcare 3d printing market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x% during the forecast period xxxx-xxxx. The embedded system market, fitness apps market was valued at usd xx million in xxxx and is projected to register a cagr of xx% during the forecast period. Optics market is poised to grow at a cagr of xx% by xxxx. Industrial gas market, stem cell market was valued at usd xx million in xxxx and is projected to register a cagr of xx% during the forecast period. 3d printing healthcare market, dietary supplement market was valued at usd xx million in xxxx and is projected to register a cagr of xx% during the forecast period. The radiopharmaceutical market, corrugated box market, paper cup market was valued at $xx billion in xxxx, and is projected to reach $xx billion in xxxx, registering a cagr of x%. The colouring market, rolling stocks market is expected to register a cagr of xx% over the forecast period xxxx-xxxx. Clinical trial market is expected to register a cagr of xx% over the forecast period xxxx-xxxx.
Global Hip Implant Market Analysis
In this report, the Global Hip Implant Market has been segmented by Surgical Procedure and Geography.
Global Hip Implant Market, Segmentation by Surgical Procedure
The Global Hip Implant Market has been segmented by Surgical Procedure into Pricing Trends, Advances in Hip Implant and Product Recalls. The complete Global Hip Implant Market segmentation by Surgical Procedure can be seen below:
- Global Hip Implant Market, By Surgical Procedure
- Pricing Trends
- Advances in Hip Implant
- Product Recalls
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Surgical Procedures mentioned above for historic (2018 - 2021) and forecast (2022 - 2028) periods with 2021 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Surgical Procedure is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Hip Implant Market, by Surgical Procedure (USD Million), 2018 - 2028
# | Pricing Trends | Advances in Hip Implant | Product Recalls |
---|---|---|---|
2018 | 97.5 | 92.2 | 98.2 |
2019 | 103.0 | 94.4 | 102.7 |
2020 | 121.3 | 104.2 | 105.9 |
2021 | 134.1 | 114.6 | 111.8 |
2022 | 136.8 | 129.8 | 120.8 |
2023 | 144.9 | 146.6 | 131.8 |
2024 | 160.1 | 154.6 | 150.1 |
2025 | 178.6 | 178.6 | 168.2 |
2026 | 192.1 | 189.2 | 175.9 |
2027 | 193.4 | 193.6 | 203.3 |
2028 | 203.6 | 228.4 | 233.7 |
Global Hip Implant Market, Segmentation by Geography
In this report, the Global Hip Implant Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Hip Implant Market Share (%), by Geographical Region, 2021
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Hip Implant Market in all the Regions and Countries (specified above) for historic (2018 - 2021) and forecast (2022 - 2028) Periods with 2021 considered as the base year.
This report also provides an analysis of why the market size of Hip Implant in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global Hip Implant Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The factors driving the growth of Global Hip Implant Market will be discussed in detail in the full report.
- The factors hindering the growth of Global Hip Implant Market will be discussed in detail in the full report.
- The new opportunities in Global Hip Implant Market will be discussed in detail in the full report.
- Global Hip Implant Market Drivers will be discussed in detail in the full report.
- Global Hip Implant Market Restraints will be discussed in detail in the full report.
- Global Hip Implant Market Opportunities will be discussed in detail in the full report.
Market Opportunity Map
This report provides market opportunity map for Hip Implant Market. The opportunity map (by market segments; Surgical Procedure) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.
Global Hip Implant Market, Opportunity Map, By Region (2018 - 2028)
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of Hip Implant Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global Hip Implant Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global Hip Implant Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value. The most common type of hip replacement surgery is called a total hip replacement (also called total hip arthroplasty). New hip replacement technology. Hip replacement technology is always improving and some of the newest changes can truly make your life easier. Hip replacement complications include blood clots, change in leg length, dislocation, fractures, infection and loosening of the implant. People who have received metal-on-metal hips may also experience metallosis, a form of metal poisoning that causes tissue damage and other serious conditions. The following are indications for hip replacement surgery: arthritic including osteoarthritis, rheumatoid arthritis, and traumatic arthritis. Hip dysplasia severe pain that doesn't respond to nonsurgical treatments. Limitations on daily activities. Metal-on-metal hip implants have unique risks in addition to the general risks of all hip implants. The bakery premix market is segmented on the basis of application type in which bakery premixes are used in applications such as bread and non-bread products. Bread products includes specialty bread, toast bread, white bread rolls, whole-meal bread rolls and non-bread products includes cakes, pancakes, pastry, muffins and donuts. Global footwear industry, footwear, which is commonly made of leather, textile, and a range of synthetic materials, has become one of the most essential products for consumers around the world. Reports on the abrasives industry covering production, distribution and sales of aluminum oxide, silicon carbide, diamond, cbn, cubic boron nitride, zirconia, silica sand, tripoli, metal abrasives, cut wire, garnet, boron nitride, emery and other natural and synthetic minerals used as abrasives and abrasive products including grinding wheels, sandpaper, coated abrasive belts.
Bargaining Power of Suppliers
Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global Hip Implant Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
---|---|---|---|---|
10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global Hip Implant Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
---|---|---|---|---|
20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global Hip Implant Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
---|---|---|---|---|---|
2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global Hip Implant Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
---|---|---|---|---|
5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global Hip Implant Market include, DePuy Synthes, Smith & Nephew, Stryker and Zimmer Holdings.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
---|---|---|---|---|---|---|---|---|---|---|
Product 1/Service 1 | ||||||||||
Product 2/Service 2 | ||||||||||
Product 3/Service 3 | ||||||||||
Product 4/Service 4 | ||||||||||
Product 5/Service 5 | ||||||||||
Product 6/Service 6 | ||||||||||
Product 7/Service 7 | ||||||||||
Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Surgical Procedure
- Market Snapshot, By Region
- Market Opportunity Map
- Global Hip Implant Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Reimbursement Scenario
- Mergers & Acquisitions, Collaborations & Partnerships, Agreements
- Pipeline Analysis/Technological Advancements
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Hip Implant Market, By Surgical Procedure, 2020 - 2030 (USD Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Segment Trends
- Pricing Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Advances in Hip Implant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Product Recalls
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
- Pricing Trends
- Global Hip Implant Market, By Geography, 2020 - 2030 (USD Million)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2019 - 2028
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Japan
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Brazil
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgical Procedure, 2018 - 2028 (USD Million)
- GCC
- North America
- Global Hip Implant Market, By Surgical Procedure, 2020 - 2030 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- DePuy Synthes
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Smith & Nephew
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Stryker
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Zimmer Holdings
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- DePuy Synthes
- Analyst Views
- Future Outlook of the Market
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