Market Dynamics

Joint Reconstruction Hip Market Overview

     Large and Growing Opportunity

Driven by Primary Hip Replacement procedures, the Global Joint Reconstructive Hip Market is projected to reach sales of $7.4 billion in 2015. The United States represents $3.1 billion, the top 5 European Country markets of Germany, Italy, France, Spain and the United Kingdom are forecasted to achieve approximately $1.24 billion. The remaining European Union Countries are estimated to generate $913 Million and Japan and China will combine for approximately $1.3 billion. The 2018 Global Hip Market will reach $8.45 billion based on a compounded annual growth rate (CAGR) of 4.2% between 2015 and 2018.

The Global Market Dynamics driving hip implant procedure demand and resulting high market growth include:

Additionally, direct-to-consumer marketing campaigns will likely drive increased patient awareness and promote technological and surgical advancements that promise to quickly return patients to their active lifestyles after surgery.