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Research and Markets Adds Report: Hip Replacement Implants – Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017
Research and Markets has announced the addition of GlobalData’s new report “Hip Replacement Implants – Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” to its offerings.
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.
The Global Hip Replacement Implants Market is forecast to reach $8.6 billion in 2017, After Growing at a CAGR of 5 percent during 2010-2017
The global hip replacement implants market is expected to grow at a CAGR of 5 percent 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 percent of the adult population by 2030. Of this, working-age 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
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 percent 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.
The increase in surgeries in younger patients due to the need to remain active will further stimulate the growth of this market.
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