According to Verified Market Intelligence, The Global HIP Replacement Devices market was valued at USD 5.22 billion in 2016 and is projected to reach USD 6.80 billion by 2025, growing at a CAGR of 2.98% from 2017 to 2025.

A hip replacement also is known as hip arthroplasty, is a type of surgery for repairing diseased or injured hip joint. This surgery involves replacement of the damaged hip joint with an artificial implant or joint. Hip replacement surgeries are mainly performed to treat the hip pain and inflammation. Also, hip fracture and natural wear-and-tear are considered as the common reasons for hip replacement surgery.

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Various implant component materials used in hip replacement surgeries are made up of the following material: metal on metal, polyethylene and metal on polyethylene (MOP), ceramic on metal, ceramic on ceramic and many more. An increased success rate of hip replacement surgeries has contributed to the growth of hip replacement devices market.
Rise in the number of hip fractures, increasing health awareness among masses and increment in cases of hip osteoarthritis have been driving the global hip replacement devices market. On the other hand, complication risks post-surgery, a high cost of technological development and time is taken for performing surgeries might hinder the overall growth of the market at a global level.
The “Global Hip Replacement Devices Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as immer Biomet Holdings Inc., MicroPort Scientific Corporation, Exactech Inc., OMNIlife Science Inc., Stryker Corporation, B. Braun Melsungen AG, and DJO Global Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.