According to Persistence Market Research, the global hip resurfacing implants market is anticipated to expand slowly over the course of the assessment year. During the projected period, 2017–2025, the global market for hip resurfacing implants is anticipated to expand at a value CAGR of 2.7%.
By the conclusion of the projection year (2025), the global market is predicted to have grown from a value of roughly US$ 160 Billion in 2017. In the current situation, factors including recalls of resurfacing implants and increased failure rates leading to a decrease in hip resurfacing volume have caused the market’s revenue growth to slow down.
The hip resurfacing implants market is making significant strides in the field of orthopedic surgery, offering a breakthrough solution for individuals suffering from hip joint conditions. Hip resurfacing implants provide an alternative to traditional total hip replacement surgery by preserving more of the patient’s natural bone structure. With advancements in implant design and surgical techniques, the hip resurfacing implants market is transforming the landscape of joint replacement procedures, restoring mobility and improving the quality of life for patients.
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Hip resurfacing implants are designed to resurface the damaged or arthritic surfaces of the hip joint while preserving the femoral head. This technique allows for a more conservative bone-preserving approach compared to total hip replacement, making it an attractive option for younger, active individuals seeking long-term joint health. By retaining more of the natural bone, hip resurfacing implants offer the potential for improved range of motion, reduced risk of dislocation, and a more natural feeling hip joint.
The hip resurfacing implants market has witnessed significant advancements in implant materials and design, leading to enhanced implant longevity and improved patient outcomes. Modern implants are made from durable materials, such as cobalt-chromium alloys or ceramic composites, ensuring long-term durability and reduced wear. Furthermore, the development of advanced surgical techniques and instrumentation has contributed to the success and reliability of hip resurfacing procedures.
As the global population ages and individuals remain active later in life, the demand for hip resurfacing implants continues to grow. This procedure offers a viable solution for patients seeking to regain mobility and alleviate hip pain caused by conditions such as osteoarthritis or hip dysplasia. Moreover, the hip resurfacing implants market is driving innovation in patient-specific implant design and implant materials, further improving surgical outcomes and expanding the range of candidates eligible for this procedure.
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The hip resurfacing implants market is set to evolve further as research and development efforts focus on refining surgical techniques, implant materials, and patient selection criteria. By combining innovation, surgical expertise, and patient-centered care, the market is paving the way for more successful and durable hip resurfacing procedures, allowing individuals to maintain an active and fulfilling lifestyle.
Companies Covered in This Report –
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew
- MicroPort Scientific Corporation
- Corin Group Plc
- BioPro
- Implantcast GmBH
- MatOrtho Limited
- Others
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Market Segmentation
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