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Global Market Study on Hip Replacement: North America to Register a CAGR of 4.3% Between 2016 and 2024

Report Description

Persistence Market Research analyzes the global hip replacement market over an eight year period from 2016 to 2024 in a newly published report. The study demonstrates market dynamics and trends across regions that are expected to influence the current status and future prospects of the global hip replacement market over the forecast period (2016 - 2024). The primary objective of the report is to offer information on market drivers, restraints, trends, opportunities, and value chain analysis; and updates on developments in the global hip replacement market. The report conducts a quantitative as well as qualitative assessment of the global hip replacement market across product types, components, end users, and regional market segments.

The global hip replacement market report begins with an overview of hip replacement and its definitions. This section also underlines factors influencing growth of the global hip replacement market along with a detailing of the key trends, drivers, restraints, and opportunities. Impact analysis of key regional growth drivers and restraints based on the weighted average model along with key region-specific trends is included to better equip clients with information and hidden insights. At the end of the report, Persistence Market Research has provided strategic recommendations for both existing and new players operating in the global hip replacement market to emerge sustainably profitable.

The next section of the report highlights the growth trends of the global hip replacement market by region. It provides a market outlook for 2015–2024 and sets the forecast within the context of the global hip replacement market. The study discusses key regional trends contributing to the growth of the hip replacement market worldwide, as well as analyzes the extent to which drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The above sections – by product type, by component, by end user, and by region – evaluate the present scenario and growth prospects of the global hip replacement market for the period 2015 –2024. We have considered 2015 as the base year and provided data for the forecast period.

The final section of the report presents a competitive landscape of the global hip replacement market to provide report audiences with a dashboard view of leading market players operating in the global hip replacement market, along with information on their market performance, SWOT analysis, and key business strategies. Key competitors covered in terms of manufacturers include Depuy Synthes (J&J), Microport Scientific Corporation, ZimmerBiomet, Exactech Inc., DJO Global Inc., Stryker Corporation, B Braun Melsungen, and Smith & Nephew.

Research methodology

To calculate the market size, the report considers hip replacement by product type, by component, by end user, and by region. The forecast assesses the total revenue of the global hip replacement market on the basis of various factors that are expected to affect the market in the short and long term. The data is triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the global hip replacement market, along with primary interviews of manufacturers and industry experts active across the global hip replacement market value chain. The report begins by sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. Given the ever-fluctuating nature of the global economy, the report presents forecasts not only in terms of CAGR, but also analyzes the global hip replacement market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities in the global hip replacement market.

The report also analyzes the global hip replacement market segments in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important to identify the many trends governing the global hip replacement market. Another key feature of this report is a comprehensive analysis of the global hip replacement market revenue forecast in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global hip replacement market. In order to understand key growth segments in terms of growth and performance of the global hip replacement market, Persistence Market Research has also developed a market attractiveness index to help providers identify real market opportunities in the global hip replacement market.

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