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North America Hip Replacement Devices Market

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North America Hip replacement devices Market was worth USD 1.78 billion in 2016 and estimated to be growing at a CAGR of 3.3%, to reach USD 2.09 billion by 2021.
Increasing number of hip fracture cases drives the revenue of the Hip Replacement Devices
Market
Overview
An expected 5.7 million Americans have gone through total knee arthroplasty (TKA) and an
around half a million Americans have gone through total hip arthroplasty (THA) and are
dwelling with implants. The occurrence is enhanced in women than in men: three million
women and 1.7 million men are residing with TKA, and 1.4 million women and 1.1 million men
are dwelling with THA. Prevalence increases with age. In adults, elderly adults of ages between
80 to 89 years, approximately 6 % and 10 % have records of total hip and knee replacement,
respectively.
Improvement of the total knee arthroplasty techniques dates back in 1971. This large number
highlights how these operations have kept a substantial part of our population mobile despite
severe arthritis, something that wouldn't have been possible before these technologies were
available. For perspective on future making plans of health care services, it is noted that there
are approximately 1.5 times more humans dwelling inside the U.S. with a knee or hip
replacement as there are people living with coronary heart failure.
Over 3,100 surgeons from all 50 states and the District of Columbia accomplished arthroplasty
techniques at the entire spectrum of clinic sizes and brands. Just like previous years,
arthroplasty patients in this U.S. sample had a median age of 66.5 years and had been 4.8%
male and 59.2% female. Revision hip arthroplasty patients are slightly older than the hip
arthroplasty patients (mean 67.1 years versus 65.4), but those undergoing revision knee
arthroplasty are considerably younger than their primary knee arthroplasty counterparts
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Key trends and restrains
Inside the international’s populace, the share of geriatrics is rising. The United Nations has
predicted that the wide variety of human beings aged over 60 years might swell up to 2.1 billion
through 2050, extra than doubling from 962 million as of 2017. With this apparent increase in
geriatric populace, the healthcare industry is thriving, specifically inside the advanced nations,
and one the segment that is gaining robust traction is hip replacement. Geriatrics is highly at
risk of hip abnormalities and almost one million hip surgical procedures are completed every
year, as according to the national Institute of health care (NIH).
Apart from escalating geriatric populace, the hip replacement marketplace is likewise feeding
off the current technological advancements, which not only have improved the quality of
artificial hip however also made the surgical procedures low-priced for a large population. The
hip replacement market also stands to advantage from factors together with the superiority of
arthritis and obesity, government tasks to offer care to ageing citizens, and favorable alternate
policies. Whereas, stringent FDA policies for all metal hip implant products, big price of surgical
procedures, are some restraints for the market.
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Demographically
North America is geographically segmented into USA and Canada. The total market is to witness
a growth of CAGR of 3.3% and a forecasted market value of USD 2.09 billion by 2021
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The key players operating in the hip replacement market are B. Braun Melsungen AG, Exactech,
Inc., DJO Global, Inc., Johnson & Johnson, MicroPort Scientific Corporation, OMNIlife science,
Inc., Smith & Nephew, Zimmer Biomet Holdings, Inc., and Stryker Corporation.
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