According to the research report titled ‘Global Hip Replacement Implants Market - Analysis By Type, Surgical Approach, Fixation Approach, By Region, By Country (2022 Edition): Market Insights, Pipeline and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global hip replacement implants market was worth USD 6764 million in 2020 and is anticipated to witness stellar growth through 2027.

According to reliable estimates, global hip replacement implants market growth is creditable to rising cases of obesity, joint pain, diabetes, and hip disorders among others as a result of inactive lifestyle choices. Furthermore, growing geriatric population who are more susceptible to such ailments are aiding the industry expansion.

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Moreover, shifting focus of pharmaceutical companies towards the development of innovative products, emergence of robot-assisted minimally invasive surgeries, and focus to cater a large pool of population via customized implants and provide long-term improvements in hip functionality are expected to augment the market outlook in the coming years.

Notably, with the advent of COVID-19 pandemic, the medical sector observed a huge revenue decline, due to restrictions placed on surgical procedures and cancellation of elective surgeries, which in turn stifled the industry growth in the recent past.

However, with the falling coronavirus cases, along with completing the backlog of postponed surgeries, global hip replacement implants market is anticipated to recover quickly during the forecast timeframe.

Based on type terrain, the industry is divided into hip resurfacing, partial replacement, and total replacement. In terms of surgical approach, the market is branched into direct anterior approach, anterolateral approach, and posterolateral approach. On the basis of fixation approach, the marketplace is classified into hybrid, cemented, and cementless.

Regionally, the industry trends are studied across North America (U.S., Canada), Europe (France, UK, Germany, Spain), and Asia Pacific (China, India, Australia).

Medartis Holding AG, Globus Medical, Inc., Medacta International SA, ConforMIS, Inc., MicroPort Scientific Corporation, Johnson & Johnson, Stryker Corporation, B. Braun Melsungen AG, Smith & Nephew plc, and Zimmer Biomet Holdings, Inc. are the leading players in global hip replacement implants market.