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Global Hip Replacement Implants Market to Witness Steady Growth; Emerging Economies Providing Opportunities for Device Manufacturers

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Published on : Aug 22, 2016

ALBANY, New York, August 22, 2016: ResearchMoz.us has added a new report titled “Global Hip Replacement Implants Market 2016: Market Size, Analysis, Share, Competitive, Growth & Forecast 2021 Size” to its offering. This study presents an inclusive picture of the drivers, restraints, and industry trends in the global hip replacement implants market. It provides a bird’s eye view of the latest developments taking place in the market and a number of analysis tools such as Porter’s five forces model have been utilized to provide accurate predictions. The report is an amalgamation of historical data, thoughtful insights, and industry-validated data.

The first section of the report presents the definition of hip replacement implants, the current size of the market, and its predicted size by the end of the forecast period. The global hip replacement implants market is predicted to value over US$5 bn by 2021. The implants utilized in hip replacement are specialized components made to match the dimensions of individuals and are manufactured using high-quality materials.

In the following section of the study, an outlook on the growth of the market has been presented in the top 10 nations. These are the U.S, Germany, France, Italy, the U.K., Spain, Brazil, Japan, India, and China. Of these, in 2015, the U.S held the largest share of over 50% in the hip replacement implants market. This nation is predicted to maintain its superiority all through the forecast horizon.

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The U.S. was trailed by Japan and China holding the second and third-largest shares, respectively. On the other hand, the growth of the market for hip replacement implants in some of the European nations is decreasing owing to increasing cutbacks on reimbursement. 

The prime market dynamics impacting the development of the hip replacement implants market have been addressed in the report. As per the report, emerging economies across the globe are providing growth opportunities to key manufacturers operating in this market. In addition, the increasing life expectancy and the rising geriatric population will provide impetus to the development of this market. The increasing health awareness among people will also positively impact the growth of the market.

On the other hand, the dependence of manufacturers on funding organizations and governments may negatively impact the growth of this market. In addition, the increasing regulatory standards in the medical device industry may impede the development of the hip replacement implants market.

The competitive landscape section of the report sheds light on the prime companies operating in this market. These companies have been analyzed on the basis of business overview, hip implants revenue evaluation, and hip implant products. Zimmer Biomet, DePuy Synthes (Johnson & Johnson), Smith & Nephew, and Stryker are among the chief players operating in the market. 

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