The global hip reconstruction devices market size was valued at USD 5.8 billion in 2021 and is poised to grow at a significant CAGR of 3.2% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Hip Reconstruction Devices Market: By Type (Revision Hip Reconstruction Devices, Primary Hip Reconstruction Devices, Partial Hip Reconstruction Devices, Total Hip Reconstruction Devices, and Hip Resurfacing Devices), By Fixation Type (Cement Less, Hybrid, and Cement), By End Users (Orthopaedic Clinics, Hospitals, and Ambulatory Surgical Centres), By Geography - Global/Region/Country Forecast to 2028.

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The process to replace damaged or diseased parts of the hip joints and the knee by artificial prosthesis is known as hip reconstruction process. Different kinds of materials including metals, ceramics and plastic are used to make artificial prostheses. Hip reconstruction procedure is a speedily growing process in orthopaedic sector. Such process also contains implants employed in revision hip replacement procedure and primary hip reconstruction process. Introduction of novel procedures such as hip resurfacing and partial hip replacement are attributing for the swift penetration of the hip reconstruction devices. Different developments in hip reconstruction process are fuelling the growth of market rapidly.

There are a few leading factors fuelling the hip reconstruction devices market such as increasing prevalence of orthopaedic diseases and disorders and growing ageing population. Furthermore, increasing count of orthopaedic surgeries and growing cases of orthopaedic in children also contribute towards bolstering the hip reconstruction devices market growth. It is predicted that  255 in 4,00,000 hip and knee replacement surgeries are reported on annually according to the centers for Medicine and Medicaid services and nearly 294,000 children below 18 years are suffering with rheumatic conditions according to the U.S. Department of Health and Human Services. On the other hand, high price associated with the procedure, availability of different non-surgical treatment options and dearth of consciousness about reconstruction of joints are a few factors may hamper the hip reconstruction devices market.

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North America accounted for major share in the Hip Reconstruction Devices Market:
On the basis of regional analysis, hip reconstruction devices market is categorized into major regions such as Europe, Latin America, Asia Pacific, Africa, North America and Middle East. Among all the regions, North America region is the major region in the worldwide market followed by Europe due to the favorable reimbursement policies and the presence of developed healthcare infrastructure.  Asia Pacific is expected to reveal swift in the hip reconstruction devices market growth during the evaluation time span because of the increase in the prevalence of orthopaedic illnesses, growing consciousness amid the key stakeholders, availability of large medical unmet needs and rise in the per capita income. Key players aim at following key strategies such as major collaborations, acquisitions and mergers.

Major players operating in the global hip reconstruction devices market are Medtronic (US), DePuySynthes (US), Stryker (US), Medacta(US), Smith&Nephew (US) and FH ORTHOPEDICS(France).

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