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Hip Replacement Implants - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2
Hip Replacement Implants - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2
The Global Hip Replacement Implants Market is forecast to reach $8.6 billion in 2017, After Growing at a CAGR of 5% during 2010–2017
Hyderabad,
AP,
India
(prbd.net)
07/06/2011
The global hip replacement implants market is expected to grow at a CAGR of 5% from 2010, to reach
$8.6 billion in 2017. The market is expected to grow due to rising incidence of osteoarthritis in the aging
population and increase in obesity. Osteoarthritis is the most common type of arthritis. Studies by the
Center for Disease Control (CDC) have indicated that arthritis affects nearly 43 million Americans, and it
is estimated that this will increase to 67 million or 25% of the adult population by 2030. Of this, workingage adults (45–64 years) will account for almost one-third of cases. Direct to consumer (DTC) marketing in the US, the fact that hip replacement surgeries can reduce the burden of healthcare expenditure on government and other payers, and the lack of alternative medical treatment options, are other contributing factors for market growth.
Primary hip replacement implants is the major segment within the hip replacement implants market, and was valued at $4.7 billion in 2010. This market is expected to grow at a CAGR of 6% over the period
2010–2017, to reach revenues of $6.8 billion in 2017. The launch of new products with personalized fit,
multiple design options and advanced bearing technologies has positively impacted the growth of the
primary hip replacement implants market.
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Osteoarthritis is the most common form of arthritis in the US and other Western countries. It is increasing in incidence as the population ages, and it is likely to rise further with the obesity epidemic. Although the degenerative process may accelerate in persons with a previous hip injury, many cases of osteoarthritis occur when the hip simply wears out. Osteoarthritis is the highest-ranking disease among the musculoskeletal diseases, and contributes to approximately 50% of the disease burden in this group.
According to the WHO (World Health Organization), osteoarthritis is expected to be the fourth leading
cause of non-fatal burden of disease by 2020. Hence, there is a continuous increase in the incidence rate
of osteoarthritis, supplemented by aging and obesity, which would propel the number of hip replacement surgeries. Rheumatoid arthritis and traumatic arthritis are other factors that lead to loss of hip function and immobility.
GlobalData’s new report, “Hip Replacement Implants - Global Pipeline Analysis, Competitive
Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global
hip replacement implants market. The report provides market landscape, competitive landscape and
market trends information on the hip replacement implants market. The report provides comprehensive
information on the key trends affecting the market, and key analytical content on the market dynamics.
The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house
analysis by GlobalData’s team of industry experts.
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http://www.globaldata.com/reportstore/Report.aspx?ID=Hip-Replacement-Implants-Global-Pipeline-Analysis-Competitive-Landscape-and-Market-Forecasts-to-2017&Title=Medical_Devices&ReportType=Industry_Report
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