The Artificial Hip Joint Market size was escalated to USD 7.66 billion by the end of 2023 and is projected to reach at USD 9.82 billion by 2031 with a growing healthy CAGR of 3.6% during the forecast period 2024-2031.
The Artificial hip joint market is fueled by growing health concerns as more people are becoming obese, injuring their hips, and developing osteoarthritis. A 2021 WHO study found a staggering 528 million people worldwide with osteoarthritis, a number projected to double by 2050.
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This rise in osteoarthritis translates to more artificial hip joint surgeries needing implants, driving significant market growth. In other words, as more people struggle with hip issues, the demand for Artificial hip joint market will surge. Reimbursement rules that make it easier for patients to get reimbursed for medical care can boost a market. By requiring insurers to cover a wider range of treatments, like orthopedic devices, the ACA increased the number of patients who could get them. This growth applies to both public insurance (like Medicare) and private insurance. In recent years, both types of insurance have gotten better at covering prosthetics and orthotics.
Rising Demand for Hip Replacement Surgery
An aging population and increasing prevalence of conditions like osteoarthritis are leading to more hip replacement surgeries, which directly translates to a demand for artificial hip joints.
Favourable reimbursement Policies reforms in health insurance coverage for joint replacements make these procedures more accessible, further propelling the market.
Surgical Risks and Recovery Time limits the market growth
Hip joint surgery is a major procedure with inherent risks. Some patients might opt for conservative treatments for as long as possible to delay surgery.
The potential for complications associated with artificial hip implants.
Technological Advancements is always a major factor as an opportunity
Innovation in materials and design is creating more durable, longer-lasting artificial hip joints. This includes advancements in new materials that better integrate with the body and reduce wear and tear are being developed, Surgery with smaller incisions and faster recovery times is becoming more prevalent, increasing patient adoption and Customizable implants tailored to individual anatomy could improve fit and function.
Growing healthcare access and rising disposable income in developing countries create new markets for artificial hip joints.
High Costs even with insurance, patients might face significant out-of-pocket expenses for surgery and the implant itself.
Artificial hip implants can be very expensive, with prices varying depending on the material, design, and manufacturer. Even with insurance coverage, patients may be responsible for a portion of the implant cost.
Artificial hips can last a long time, but some may require revision surgery due to wear and tear, leading to patient hesitation.
Ukraine and Russia are major exporters of medical supplies and materials hence disruptions due to the war can lead to shortages of essential equipment and implants needed for hip surgeries, impacting all three healthcare settings. Hospitals may face increased pressure on resources due to potential war-related injuries, further limiting capacity for elective surgeries. Ambulatory Surgical Centers may be particularly affected by supply chain disruptions for specialized equipment needed for minimally invasive hip replacements. Orthopedic Clinics may see an influx of patients seeking treatment for war-related injuries, potentially impacting wait times for non-urgent hip consultations.
Economic slowdown can lead to patients delaying elective surgeries like hip replacements due to job losses and rising out-of-pocket costs. However, if less complex procedures shift to outpatient settings, hospitals might see a volume change in procedures performed. While initially appealing due to lower costs, ASCs might also see a decline in elective hip replacements during a recession. Patients with higher cost-sharing may opt to delay procedures entirely, impacting ASC revenue. Fewer surgeries overall would mean less pre- and post-operative care needed. However, patients might prioritize consultations to explore non-surgical pain management options during a recession, potentially offsetting some decline. Overall, a recession can lead to a decrease in demand for all three sectors, though the impact might vary depending on factors like insurance coverage and the severity of the economic downturn.
Primary Hip Replacement Devices
Partial Hip Replacement Devices
Revision Hip Replacement Devices
Hip Resurfacing Devices
The Primary hip replacement devices segment is the largest, valued at over USD 5.49 billion in 2023. This dominance stems from several factors such as improved patient outcomes like pain relief and better mobility, technologically advanced devices tailored to individual needs, and successful surgical methods that minimize risks. These factors are expected to drive continued growth in this segment.
Metal-on-plastic
Ceramic-on-plastic
Ceramic-on-ceramic
Others
Metal-on-plastic is the leading material segment in artificial hip joint, valued at over USD 4.22 billion in 2023. This popularity is due to its affordability, durability, and reliable outcomes. These implants are ideal for less active patients and are the most commonly used. Advancements are further boosting adoption by reducing wear particles and complications. Surgeons often favor this combination (e.g., stainless steel or titanium with polyethylene) due to its overall benefits. Studies even suggest positive long-term results for elderly patients with metal-on-plastic hip resurfacing.
Cemented Fixation
Cementless Fixation
Hybrid Fixation
The cemented fixation segment is expected to be a major player, reaching over USD 762 million by 2031. This growth is driven by its advantages like high implant survival rates, a strong bond between bone and implant, and potential for bone growth onto the implant over time. Cemented fixation boasts a 96% survival rate at 10 years for patients over 75 years old. The procedure uses fast-curing bone cement with optional antibiotics to minimize infection risk.
Cross-linked Polyethylene Inserts
Antioxidant Polyethylene Inserts
Non-antioxidant Polyethylene Inserts
Cross-linked polyethylene inserts are the largest segment in artificial hip joint inserts, projected to reach over USD 3.43 billion by 2031. This dominance is due to their ability to reduce wear and tear, leading to better clinical outcomes and longer implant lifespans. Studies have shown high success rates in hip replacements using these inserts.
By End Use
Hospitals
Ambulatory Surgical Centers
The biggest market segment for artificial hip joint market is hospitals over 83% market share in 2023. This is expected to continue as hospitals offer advanced devices, trained staff, post-surgery care, and physical therapy, making them the preferred choice for patients undergoing hip replacement surgery.
North America represented the largest market share in 2023, attributable to the great medical care framework and the presence of key industry players. Besides, the developing rate of osteoporosis and osteoarthritis and the rising number of sports and street wounds are a few main considerations helping the development of the territorial market. Great repayment arrangements for patients are expected to build the quantity of medical procedures, which thus is supposed to help development soon.
Asia Pacific is supposed to observe worthwhile development over the estimated time frame. For example, developing medical services spending in arising Asian commercial centers and developing older populace, which have a higher gamble of creating osteoarthritis, osteoporosis, and bone wounds, and rising frequency of heftiness will add to the development more than quite a while. Likewise, quickly creating medical care framework because of the roaring clinical the travel industry is actuating market interest in the area.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Major players in the Artificial Hip Joint market are Johnson and Johnson, Medacta International, Stryker Corporation, B. Braun, Zimmer Biomet Holdings, Microport Orthopedics, Smith and Nephew, DJO Global, Exactech and other players.
In January 2023, a company called Hip Innovation Technology (HIT) began testing a new type of hip replacement in the United States. This device, called the HIT Reverse Hip Replacement System (Reverse HRS), is still under investigation.
In March 2022, DePuy Synthes acquired a new tool called CUPTIMIZE Hip-Spine Analysis. This technology helps surgeons precisely measure pelvic tilt in patients undergoing hip replacement surgery.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 7.66 Billion |
| Market Size by 2031 | US$ 9.82 Billion |
| CAGR | CAGR of 3.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
|
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Johnson and Johnson, Medacta International, Stryker Corporation, B. Braun, Zimmer Biomet Holdings, Microport Orthopedics, Smith and Nephew, DJO Global, Exactech |
| DRIVING FACTORS |
|
| Restraints |
|
Ans: The Artificial Hip Joint Market is to grow at a CAGR of 3.6% During the Forecast Period 2024-2031.
Artificial Hip Joint Market covers these segments which are: By Product , By Material , By Fixation Material,By Insert and by End-Use
Ans: Rising Demand for Hip Replacement Surgery will drive the growth of the market.
Manufacturer and service provider, research institutes, universities, private libraries, suppliers, and distributors.
The size of the Artificial Hip Joint Market is estimated at 9.82 billion in 2031.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Artificial Hip Joint Market Segmentation, By Product
9.1 Introduction
9.2 Trend Analysis
9.3 Primary Hip Replacement Devices
9.4 Partial Hip Replacement Devices
9.5 Revision Hip Replacement Devices
9.6 Hip Resurfacing Devices
10. Artificial Hip Joint Market Segmentation, By Material
10.1 Introduction
10.2 Trend Analysis
10.3 Metal-on-plastic
10.4 Ceramic-on-plastic
10.5 Ceramic-on-ceramic
10.6 Others
11. Artificial Hip Joint Market Segmentation, By Fixation Material
11.1 Introduction
11.2 Trend Analysis
11.3 Cemented Fixation
11.4 Cementless Fixation
11.5 Hybrid Fixation
12. Artificial Hip Joint Market Segmentation, By Inserts
12.1 Introduction
12.2 Trend Analysis
12.3 Cross-linked Polyethylene Inserts
12.4 Antioxidant Polyethylene Inserts
12.5 Non-antioxidant Polyethylene Inserts
13. Artificial Hip Joint Market Segmentation, By End Use
13.1 Introduction
13.2 Trend Analysis
13.3 Hospitals
13.4 Ambulatory Surgical Centers
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 Trend Analysis
14.2.2 North America Artificial Hip Joint Market By Country
14.2.3 North America Artificial Hip Joint Market By Product
14.2.4 North America Artificial Hip Joint Market By Material
14.2.5 North America Artificial Hip Joint Market By Fixation Material
14.2.6 North America Artificial Hip Joint Market, By Inserts
14.2.7 North America Artificial Hip Joint Market, By End Use
14.2.8 USA
14.2.8.1 USA Artificial Hip Joint Market By Product
14.2.8.2 USA Artificial Hip Joint Market By Material
14.2.8.3 USA Artificial Hip Joint Market By Fixation Material
14.2.8.4 USA Artificial Hip Joint Market, By Inserts
14.2.8.5 USA Artificial Hip Joint Market, By End Use
14.2.9 Canada
14.2.9.1 Canada Artificial Hip Joint Market By Product
14.2.9.2 Canada Artificial Hip Joint Market By Material
14.2.9.3 Canada Artificial Hip Joint Market By Fixation Material
14.2.9.4 Canada Artificial Hip Joint Market, By Inserts
14.2.9.5 Canada Artificial Hip Joint Market, By End Use
14.2.10 Mexico
14.2.10.1 Mexico Artificial Hip Joint Market By Product
14.2.10.2 Mexico Artificial Hip Joint Market By Material
14.2.10.3 Mexico Artificial Hip Joint Market By Fixation Material
14.2.10.4 Mexico Artificial Hip Joint Market, By Inserts
14.2.10.5 Mexico Artificial Hip Joint Market, By End Use
14.3 Europe
14.3.1 Trend Analysis
14.3.2 Eastern Europe
14.3.2.1 Eastern Europe Artificial Hip Joint Market By Country
14.3.2.2 Eastern Europe Artificial Hip Joint Market By Product
14.3.2.3 Eastern Europe Artificial Hip Joint Market By Material
14.3.2.4 Eastern Europe Artificial Hip Joint Market By Fixation Material
14.3.2.5 Eastern Europe Artificial Hip Joint Market By Inserts
14.3.2.6 Eastern Europe Artificial Hip Joint Market, By End Use
14.3.2.7 Poland
14.3.2.7.1 Poland Artificial Hip Joint Market By Product
14.3.2.7.2 Poland Artificial Hip Joint Market By Material
14.3.2.7.3 Poland Artificial Hip Joint Market By Fixation Material
14.3.2.7.4 Poland Artificial Hip Joint Market By Inserts
14.3.2.7.5 Poland Artificial Hip Joint Market, By End Use
14.3.2.8 Romania
14.3.2.8.1 Romania Artificial Hip Joint Market By Product
14.3.2.8.2 Romania Artificial Hip Joint Market By Material
14.3.2.8.3 Romania Artificial Hip Joint Market By Fixation Material
14.3.2.8.4 Romania Artificial Hip Joint Market By Inserts
14.3.2.8.5 Romania Artificial Hip Joint Market, By End Use
14.3.2.9 Hungary
14.3.2.9.1 Hungary Artificial Hip Joint Market By Product
14.3.2.9.2 Hungary Artificial Hip Joint Market By Material
14.3.2.9.3 Hungary Artificial Hip Joint Market By Fixation Material
14.3.2.9.4 Hungary Artificial Hip Joint Market By Inserts
14.3.2.9.5 Hungary Artificial Hip Joint Market, By End Use
14.3.2.10 Turkey
14.3.2.10.1 Turkey Artificial Hip Joint Market By Product
14.3.2.10.2 Turkey Artificial Hip Joint Market By Material
14.3.2.10.3 Turkey Artificial Hip Joint Market By Fixation Material
14.3.2.10.4 Turkey Artificial Hip Joint Market By Inserts
14.3.2.10.5 Turkey Artificial Hip Joint Market, By End Use
14.3.2.11 Rest of Eastern Europe
14.3.2.11.1 Rest of Eastern Europe Artificial Hip Joint Market By Product
14.3.2.11.2 Rest of Eastern Europe Artificial Hip Joint Market By Material
14.3.2.11.3 Rest of Eastern Europe Artificial Hip Joint Market By Fixation Material
14.3.2.11.4 Rest of Eastern Europe Artificial Hip Joint Market By Inserts
14.3.2.11.5 Rest of Eastern Europe Artificial Hip Joint Market, By End Use
14.3.3 Western Europe
14.3.3.1 Western Europe Artificial Hip Joint Market By Country
14.3.3.2 Western Europe Artificial Hip Joint Market By Product
14.3.3.3 Western Europe Artificial Hip Joint Market By Material
14.3.3.4 Western Europe Artificial Hip Joint Market By Fixation Material
14.3.3.5 Western Europe Artificial Hip Joint Market By Inserts
14.3.3.6 Western Europe Artificial Hip Joint Market, By End Use
14.3.3.7 Germany
14.3.3.7.1 Germany Artificial Hip Joint Market By Product
14.3.3.7.2 Germany Artificial Hip Joint Market By Material
14.3.3.7.3 Germany Artificial Hip Joint Market By Fixation Material
14.3.3.7.4 Germany Artificial Hip Joint Market By Inserts
14.3.3.7.5 Germany Artificial Hip Joint Market, By End Use
14.3.3.8 France
14.3.3.8.1 France Artificial Hip Joint Market By Product
14.3.3.8.2 France Artificial Hip Joint Market By Material
14.3.3.8.3 France Artificial Hip Joint Market By Fixation Material
14.3.3.8.4 France Artificial Hip Joint Market By Inserts
14.3.3.8.5 France Artificial Hip Joint Market, By End Use
14.3.3.9 UK
14.3.3.9.1 UK Artificial Hip Joint Market By Product
14.3.3.9.2 UK Artificial Hip Joint Market By Material
14.3.3.9.3 UK Artificial Hip Joint Market By Fixation Material
14.3.3.9.4 UK Artificial Hip Joint Market By Inserts
14.3.3.9.5 UK Artificial Hip Joint Market, By End Use
14.3.3.10 Italy
14.3.3.10.1 Italy Artificial Hip Joint Market By Product
14.3.3.10.2 Italy Artificial Hip Joint Market By Material
14.3.3.10.3 Italy Artificial Hip Joint Market By Fixation Material
14.3.3.10.4 Italy Artificial Hip Joint Market By Inserts
14.3.3.10.5 Italy Artificial Hip Joint Market, By End Use
14.3.3.11 Spain
14.3.3.11.1 Spain Artificial Hip Joint Market By Product
14.3.3.11.2 Spain Artificial Hip Joint Market By Material
14.3.3.11.3 Spain Artificial Hip Joint Market By Fixation Material
14.3.3.11.4 Spain Artificial Hip Joint Market By Inserts
14.3.3.11.5 Spain Artificial Hip Joint Market, By End Use
14.3.3.12 Netherlands
14.3.3.12.1 Netherlands Artificial Hip Joint Market By Product
14.3.3.12.2 Netherlands Artificial Hip Joint Market By Material
14.3.3.12.3 Netherlands Artificial Hip Joint Market By Fixation Material
14.3.3.12.4 Netherlands Artificial Hip Joint Market By Inserts
14.3.3.12.5 Netherlands Artificial Hip Joint Market, By End Use
14.3.3.13 Switzerland
14.3.3.13.1 Switzerland Artificial Hip Joint Market By Product
14.3.3.13.2 Switzerland Artificial Hip Joint Market By Material
14.3.3.13.3 Switzerland Artificial Hip Joint Market By Fixation Material
14.3.3.13.4 Switzerland Artificial Hip Joint Market By Inserts
14.3.3.13.5 Switzerland Artificial Hip Joint Market, By End Use
14.3.3.14 Austria
14.3.3.14.1 Austria Artificial Hip Joint Market By Product
14.3.3.14.2 Austria Artificial Hip Joint Market By Material
14.3.3.14.3 Austria Artificial Hip Joint Market By Fixation Material
14.3.3.14.4 Austria Artificial Hip Joint Market By Inserts
14.3.3.14.5 Austria Artificial Hip Joint Market, By End Use
14.3.3.15 Rest of Western Europe
14.3.3.15.1 Rest of Western Europe Artificial Hip Joint Market By Product
14.3.3.15.2 Rest of Western Europe Artificial Hip Joint Market By Material
14.3.3.15.3 Rest of Western Europe Artificial Hip Joint Market By Fixation Material
14.3.3.15.4 Rest of Western Europe Artificial Hip Joint Market By Inserts
14.3.3.15.5 Rest of Western Europe Artificial Hip Joint Market, By End Use
14.4 Asia-Pacific
14.4.1 Trend Analysis
14.4.2 Asia-Pacific Artificial Hip Joint Market By country
14.4.3 Asia-Pacific Artificial Hip Joint Market By Product
14.4.4 Asia-Pacific Artificial Hip Joint Market By Material
14.4.5 Asia-Pacific Artificial Hip Joint Market By Fixation Material
14.4.6 Asia-Pacific Artificial Hip Joint Market By Inserts
14.4.7 Asia-Pacific Artificial Hip Joint Market, By End Use
14.4.8 China
14.4.8.1 China Artificial Hip Joint Market By Product
14.4.8.2 China Artificial Hip Joint Market By Material
14.4.8.3 China Artificial Hip Joint Market By Fixation Material
14.4.8.4 China Artificial Hip Joint Market By Inserts
14.4.8.5 China Artificial Hip Joint Market, By End Use
14.4.9 India
14.4.9.1 India Artificial Hip Joint Market By Product
14.4.9.2 India Artificial Hip Joint Market By Material
14.4.9.3 India Artificial Hip Joint Market By Fixation Material
14.4.9.4 India Artificial Hip Joint Market By Inserts
14.4.9.5 India Artificial Hip Joint Market, By End Use
14.4.10 Japan
14.4.10.1 Japan Artificial Hip Joint Market By Product
14.4.10.2 Japan Artificial Hip Joint Market By Material
14.4.10.3 Japan Artificial Hip Joint Market By Fixation Material
14.4.10.4 Japan Artificial Hip Joint Market By Inserts
14.4.10.5 Japan Artificial Hip Joint Market, By End Use
14.4.11 South Korea
14.4.11.1 South Korea Artificial Hip Joint Market By Product
14.4.11.2 South Korea Artificial Hip Joint Market By Material
14.4.11.3 South Korea Artificial Hip Joint Market By Fixation Material
14.4.11.4 South Korea Artificial Hip Joint Market By Inserts
14.4.11.5 South Korea Artificial Hip Joint Market, By End Use
14.4.12 Vietnam
14.4.12.1 Vietnam Artificial Hip Joint Market By Product
14.4.12.2 Vietnam Artificial Hip Joint Market By Material
14.4.12.3 Vietnam Artificial Hip Joint Market By Fixation Material
14.4.12.4 Vietnam Artificial Hip Joint Market By Inserts
14.4.12.5 Vietnam Artificial Hip Joint Market, By End Use
14.4.13 Singapore
14.4.13.1 Singapore Artificial Hip Joint Market By Product
14.4.13.2 Singapore Artificial Hip Joint Market By Material
14.4.13.3 Singapore Artificial Hip Joint Market By Fixation Material
14.4.13.4 Singapore Artificial Hip Joint Market By Inserts
14.4.13.5 Singapore Artificial Hip Joint Market, By End Use
14.4.14 Australia
14.4.14.1 Australia Artificial Hip Joint Market By Product
14.4.14.2 Australia Artificial Hip Joint Market By Material
14.4.14.3 Australia Artificial Hip Joint Market By Fixation Material
14.4.14.4 Australia Artificial Hip Joint Market By Inserts
14.4.14.5 Australia Artificial Hip Joint Market, By End Use
14.4.15 Rest of Asia-Pacific
14.4.15.1 Rest of Asia-Pacific Artificial Hip Joint Market By Product
14.4.15.2 Rest of Asia-Pacific Artificial Hip Joint Market By Material
14.4.15.3 Rest of Asia-Pacific Artificial Hip Joint Market By Fixation Material
14.4.15.4 Rest of Asia-Pacific Artificial Hip Joint Market By Inserts
14.4.15.5 Rest of Asia-Pacific Artificial Hip Joint Market, By End Use
14.5 Middle East & Africa
14.5.1 Trend Analysis
14.5.2 Middle East
14.5.2.1 Middle East Artificial Hip Joint Market By Country
14.5.2.2 Middle East Artificial Hip Joint Market By Product
14.5.2.3 Middle East Artificial Hip Joint Market By Material
14.5.2.4 Middle East Artificial Hip Joint Market By Fixation Material
14.5.2.5 Middle East Artificial Hip Joint Market By Inserts
14.5.2.6 Middle East Artificial Hip Joint Market, By End Use
14.5.2.7 UAE
14.5.2.7.1 UAE Artificial Hip Joint Market By Product
14.5.2.7.2 UAE Artificial Hip Joint Market By Material
14.5.2.7.3 UAE Artificial Hip Joint Market By Fixation Material
14.5.2.7.4 UAE Artificial Hip Joint Market By Inserts
14.5.2.7.5 UAE Artificial Hip Joint Market, By End Use
14.5.2.8 Egypt
14.5.2.8.1 Egypt Artificial Hip Joint Market By Product
14.5.2.8.2 Egypt Artificial Hip Joint Market By Material
14.5.2.8.3 Egypt Artificial Hip Joint Market By Fixation Material
14.5.2.8.4 Egypt Artificial Hip Joint Market By Inserts
14.5.2.8.5 Egypt Artificial Hip Joint Market, By End Use
14.5.2.9 Saudi Arabia
14.5.2.9.1 Saudi Arabia Artificial Hip Joint Market By Product
14.5.2.9.2 Saudi Arabia Artificial Hip Joint Market By Material
14.5.2.9.3 Saudi Arabia Artificial Hip Joint Market By Fixation Material
14.5.2.9.4 Saudi Arabia Artificial Hip Joint Market By Inserts
14.5.2.9.5 Saudi Arabia Artificial Hip Joint Market, By End Use
14.5.2.10 Qatar
14.5.2.10.1 Qatar Artificial Hip Joint Market By Product
14.5.2.10.2 Qatar Artificial Hip Joint Market By Material
14.5.2.10.3 Qatar Artificial Hip Joint Market By Fixation Material
14.5.2.10.4 Qatar Artificial Hip Joint Market By Inserts
14.5.2.10.5 Qatar Artificial Hip Joint Market, By End Use
14.5.2.11 Rest of Middle East
14.5.2.11.1 Rest of Middle East Artificial Hip Joint Market By Product
14.5.2.11.2 Rest of Middle East Artificial Hip Joint Market By Material
14.5.2.11.3 Rest of Middle East Artificial Hip Joint Market By Fixation Material
14.5.2.11.4 Rest of Middle East Artificial Hip Joint Market By Inserts
14.5.2.11.5 Rest of Middle East Artificial Hip Joint Market, By End Use
14.5.3 Africa
14.5.3.1 Africa Artificial Hip Joint Market By Country
14.5.3.2 Africa Artificial Hip Joint Market By Product
14.5.3.3 Africa Artificial Hip Joint Market By Material
14.5.3.4 Africa Artificial Hip Joint Market By Fixation Material
14.5.3.5 Africa Artificial Hip Joint Market By Inserts
14.5.3.6 Africa Artificial Hip Joint Market, By End Use
14.5.3.7 Nigeria
14.5.3.7.1 Nigeria Artificial Hip Joint Market By Product
14.5.3.7.2 Nigeria Artificial Hip Joint Market By Material
14.5.3.7.3 Nigeria Artificial Hip Joint Market By Fixation Material
14.5.3.7.4 Nigeria Artificial Hip Joint Market By Inserts
14.5.3.7.5 Nigeria Artificial Hip Joint Market, By End Use
14.5.3.8 South Africa
14.5.3.8.1 South Africa Artificial Hip Joint Market By Product
14.5.3.8.2 South Africa Artificial Hip Joint Market By Material
14.5.3.8.3 South Africa Artificial Hip Joint Market By Fixation Material
14.5.3.8.4 South Africa Artificial Hip Joint Market By Inserts
14.5.3.8.5 South Africa Artificial Hip Joint Market, By End Use
14.5.3.9 Rest of Africa
14.5.3.9.1 Rest of Africa Artificial Hip Joint Market By Product
14.5.3.9.2 Rest of Africa Artificial Hip Joint Market By Material
14.5.3.9.3 Rest of Africa Artificial Hip Joint Market By Fixation Material
14.5.3.9.4 Rest of Africa Artificial Hip Joint Market By Inserts
14.5.3.9.5 Rest of Africa Artificial Hip Joint Market, By End Use
14.6 Latin America
14.6.1 Trend Analysis
14.6.2 Latin America Artificial Hip Joint Market By country
14.6.3 Latin America Artificial Hip Joint Market By Product
14.6.4 Latin America Artificial Hip Joint Market By Material
14.6.5 Latin America Artificial Hip Joint Market By Fixation Material
14.6.6 Latin America Artificial Hip Joint Market By Inserts
14.6.7 Latin America Artificial Hip Joint Market, By End Use
14.6.8 Brazil
14.6.8.1 Brazil Artificial Hip Joint Market By Product
14.6.8.2 Brazil Artificial Hip Joint Market By Material
14.6.8.3 Brazil Artificial Hip Joint Market By Fixation Material
14.6.8.4 Brazil Artificial Hip Joint Market By Inserts
14.6.8.5 Brazil Artificial Hip Joint Market, By End Use
14.6.9 Argentina
14.6.9.1 Argentina Artificial Hip Joint Market By Product
14.6.9.2 Argentina Artificial Hip Joint Market By Material
14.6.9.3 Argentina Artificial Hip Joint Market By Fixation Material
14.6.9.4 Argentina Artificial Hip Joint Market By Inserts
14.6.9.5 Argentina Artificial Hip Joint Market, By End Use
14.6.10 Colombia
14.6.10.1 Colombia Artificial Hip Joint Market By Product
14.6.10.2 Colombia Artificial Hip Joint Market By Material
14.6.10.3 Colombia Artificial Hip Joint Market By Fixation Material
14.6.10.4 Colombia Artificial Hip Joint Market By Inserts
14.6.10.5 Colombia Artificial Hip Joint Market, By End Use
14.6.11 Rest of Latin America
14.6.11.1 Rest of Latin America Artificial Hip Joint Market By Product
14.6.11.2 Rest of Latin America Artificial Hip Joint Market By Material
14.6.11.3 Rest of Latin America Artificial Hip Joint Market By Fixation Material
14.6.11.4 Rest of Latin America Artificial Hip Joint Market By Inserts
14.6.11.5 Rest of Latin America Artificial Hip Joint Market, By End Use
15. Company Profiles
15.1 Johnson and Johnson
15.1.1 Company Overview
15.1.2 Financial
15.1.3 Product & Services/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Medacta International
15.2.1 Company Overview
15.2.2 Financial
15.2.3 Product & Services/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Stryker Corporation
15.3.1 Company Overview
15.3.2 Financial
15.3.3 Product & Services/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 B. Braun
15.4.1 Company Overview
15.4.2 Financial
15.4.3 Product & Services/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Zimmer Biomet Holdings
15.5.1 Company Overview
15.5.2 Financial
15.5.3 Product & Services/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 Microport Orthopedics
15.6.1 Company Overview
15.6.2 Financial
15.6.3 Product & Services/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Smith and Nephew
15.7.1 Company Overview
15.7.2 Financial
15.7.3 Product & Services/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 DJO Global
15.8.1 Company Overview
15.8.2 Financial
15.8.3 Product & Services/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Exactech
15.9.1 Company Overview
15.9.2 Financial
15.9.3 Product & Services/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Process Analytical Technology Market size was estimated at USD 3.62 billion in 2023 and is expected to reach USD 11.78 billion by 2032 with a growing CAGR of 14.01% during the forecast period of 2024-2032.
The Epilepsy Device Market Size was valued at USD 1.65 billion in 2023 and is expected to reach USD 3.02 billion by 2031 and grow at a CAGR of 8.9% over the forecast period 2024-2031.
The Breast Imaging Market size was estimated at USD 0.17 billion in 2022 and is expected to reach USD 0.28 billion by 2030 with a growing CAGR of 6.8% during the forecast period of 2023-2030.
The Protein Engineering Market size was estimated USD 2.2 billion in 2022 and is expected to reach USD 7.5 billion by 2030 at a CAGR of 16.7% during the forecast period of 2023-2030.
The Genomics Services Market size was valued at USD 32.5 billion in 2023 and is estimated to reach USD 111.03 billion in 2031 and grow at a compound annual growth rate approx. CAGR of 16.6% over the forecast period of 2024-2031.
The Skin Cancer Treatment Market size was valued at USD 10.96 Billion by 2023 & is estimated to reach USD 19.70 Billion by 2031 and increase at a CAGR of 7.6% between 2024 and 2031.
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