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According to a new report Global Hip Replacement Implants Market, published by KBV Research, the Global Hip Replacement Impants Market size is expected to reach $7,390.32 million by 2025, rising at a market growth of 5.0% CAGR during the forecast period.
The North America market dominated the Global Hip Replacement Implants Market by Region in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $3,234.7 million by 2025, growing at a CAGR of 4.4 % during the forecast period. The Europe market is expected to witness a CAGR of 4.6% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 6.4% during (2019 - 2025).
The key players of the Hip Replacement Implants Market are employing novel concepts and ideas, improving techniques and improving the current set of products, besides enhancing their profitability so as to gain a competitive edge over other market players. Therefore, the key players have adopted Partnerships, Collaborations & Agreements as the key developmental strategy in order to keep pace with the changing demands of end users. For instance, Stryker has acquired Invuity, Inc. for developing instruments which delivers enhanced visualization for orthopaedic and other clinical applications. Zimmer acquired CD Diagnostics in order to expand its business in surgeries. Exactech has expanded its reach to Japan by launching knee, shoulder and hip replacement systems. MicroPort expanded its operations to India by opening a new subsidiary in order to expand its business.
The Metal-on-Polyethylene market garnered the highest market share in the Global Hip Replacement Implants Market by Application in 2018, and is expected to achieve a market value of $2,524 million by 2025, rising at a CAGR of 4.4% during the forecast period.
The Total Hip market contributed the highest revenue share to the Global Hip Replacement Implants Market by Product in 2018, and would retain its dominance till 2025; thereby growing at a growth of 4.5% CAGR during the forecast period. The Partial Femoral Head market is anticipated to experience a growth of 5.9% CAGR during (2019 - 2025).
The report highlights the adoption of Hip Replacement Implants globally. Based on Application, the market is segmented into Metal-on-Metal, Metal-on-Polyethylene, Ceramic-on-Polyethylene, Ceramic-on-Metal and Ceramic-on-Ceramic. Based on Product, the market is segmented into Total Hip, Partial Femoral Head, Hip Resurfacing and Revision Hip. Based on End Use, the market is segmented into Orthopedic Clinics, Hospitals & Surgery Centers and Other End Use. The report also covers geographical segmentation of Hip Replacement Implants market. The geographies included in the report are North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. For the better analysis, the geographies are segmented into countries.
Key market participants profiled in this report includes Zimmer Biomet Holdings, Inc., Stryker Corporation, MicroPort Scientific Corporation, Smith & Nephew PLC, ConMed Corporation, B. Braun Melsungen AG, Exactech, Inc., Corin Group PLC, Colfax Corporation (DJO Global, Inc.) and Johnson & Johnson.
By End Use
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