Hip reconstruction refers to a surgery performed to fix issues with the structure and functioning of the hip joint and the ligaments and cartilage surrounding it.
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Hip Reconstruction Devices Market Boosted by Consistent Research and Development Efforts
1. Hip Reconstruction Devices Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024
Transparency Market Research Reports incorporated a definite business overview and
investigation inclines on " Hip Reconstruction Devices Market". This report likewise
incorporates more illumination about fundamental review of the business including definitions,
requisitions and worldwide business sector industry structure.
Hip reconstruction refers to a surgery performed to fix issues with the structure and
functioning of the hip joint and the ligaments and cartilage surrounding it. The main
purpose of a hip reconstruction surgery is to restore mobility, stability, and a full
range of movements to the hip joint; relieve pain, and offer independence, and a better
quality of life to patients.
Various surgical procedures are involved in hip reconstruction, including hip
arthroplasty or hip replacement, hip osteotomy, hip resurfacing, and hip arthroscopy.
These surgeries call for the use of sophisticated and technologically advanced hip
reconstruction devices.
In the past few years, the hip reconstruction market has witnessed significant
advancements in terms of technological developments, innovation of new and more
effective implant techniques, development of minimally invasive procedures, and
marketing strategies adopted by device manufacturers. Innovations such as metal-on-
metal product designs have seen a huge rise in demand in the recent past, as these
designs promise increased mobility.
The report presents a thorough overview of the past and present state of the global hip
reconstruction devices market and its major elements. The report, which has been
devised with the help of market data gathered with the help of a number of primary
and secondary market research methodologies, also presents a definitive account of
the key drivers, restraints, and major past and present trends, along with an analysis of
2. the cumulative effect of these factors on the overall development of the market during
the forecast period.
Hip Reconstruction Devices Market: Major Drivers and Restraints
Rapidly changing population dynamics, increase in the global geriatric population,
rise in prevalence of osteoporosis, and surging demand for minimally invasive and
technologically advanced hip reconstruction devices in developing countries are likely
to be the major drivers of the global hip reconstruction devices market during the
forecast period.
More funds are being allotted for research and development of novel and effective
minimally-invasive hip reconstruction procedures; a factor also expected to have a
positive impact on the overall growth of the market in the near future. Moreover,
rising awareness regarding the availability of effective treatment methods that can
enable patients to regain the ability to carry out daily activities and maintain a normal
lifestyle is propelling the global hip reconstruction devices market.
Stringent regulations for the approval for hip reconstruction devices and high cost of
these devices as well as the entire reconstruction procedures limit the growth of the
global hip reconstruction devices market. High cost of hip reconstruction procedures
is especially limiting market growth in the developing parts of the world.
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HIP Reconstruction Devices Market: Regional Overview
The hip reconstruction devices market has matured in developed regions such as
North America and Europe. Favorable medical reimbursement policies in these
regions make these procedures affordable for a large part of the population.
Nevertheless, the rising disposable income in developing countries in Asia Pacific is
projected to have a significant impact on the overall demand for hip reconstruction
surgeries in the region. The flourishing medical tourism industry in countries in Asia
Pacific such as India and China is also expected to lead to expansion of the global hip
reconstruction devices market in the region during the forecast period.
3. Major companies operating in the global hip reconstruction devices market are
Stryker Corporation, Smith & Nephew, DePuy Synthes, B. Braun Melsungen AG,
Zimmer, Inc., and Corin.
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