A CAGR Of 4.2% Is Expected To Be Recorded With Respect To Hip Replacement Market Between 2024

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Hip Replacement Market
Report Id PMRREP12037 Category Life Science
Healthcare
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A CAGR Of 4.2 Is Expected To Be Recorded With
Respect To Hip Replacement Market Between 2024

• A newly compiled business and commerce study done
  at the headquarters of Persistence Market
  Research (PMR) notifies that the competition in
  the global hip replacement market is stiff. And,
  the sheer profitability of the healthcare domain
  will continue to attract newer players in the
  near future, which will further fragment the
  vendor landscape.
• That being said, the analyst of the report has
  detected that a few players do hold a moderate
  position of strength over the rest of the
  competition, having established themselves over a
  number of years across regions as well as leading
  the innovation.
• The analyst of the PMR report has projected the
  demand in the global hip replacement market to
  expand at a CAGR of 4.2 during the forecast
  period of 2017 to 2024. In terms of revenue, the
  analyst has estimated that there will be
  opportunities worth US9,128.5 Mn by the end of
  2024 in the market for hip reconstruction,
  substantially more than the markets evaluated
  valuation of 6,830.5 Mn in 2017.

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Geographical Presence Determining Market Leader
For instance, Zimmer Biomet Holdings Inc.
operates in more than 25 nations and offers a
wide-range of products that are used for joint
reconstruction and minimally invasive surgeries.
The company is maintaining a good relationship
with major group purchasing organizations (GPO)
and continuously collaborates with healthcare
professionals in developed regions. Smith
Nephew, another leading name in medical device
manufacturing, has a global presence and has gone
through various acquisitions and partnerships to
enhance its portfolio. Stryker Corporation, DJO
Global, Depuy Synthes from Johnson and Johnson,
and B. Braun Melsungen AG are some of the other
prominent players in the global hip replacement
market.
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