According to a recent 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 accounted for USD 6764 million in 2021 and is anticipated to show strong upwards growth by 2027.

The growth of the global hip replacement implants market is predominantly affected by factors such as the rise in population, rising adoption of sedentary lifestyle, and ease of hip functionality using robot-assisted services that have long-lasting effects.

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Diabetes, obesity, hip illnesses such as osteoarthritis, rheumatoid arthritis, joint pains, as well as a combination of sedentary lifestyles, are all known to increase the risk of hip disorder, which in turn has impelled the demand for hip replacement implants across the globe.

New and innovative products with robot assistance during minimally invasive surgeries are likely to be used for the majority of the population through specifically customized implants and provide long-term improvements in hip functionality, thereby stimulating the overall industry outlook.

The global hip replacement implants market is segmented into by type, by surgical approach, by fixation approach, and regional analysis. By type, the market is further classified into on the basis of total replacement, partial replacement, and hip resurfacing approaches.

In terms of surgical approach, the market is divided into Posterolatera, Anterolateral, and Direct Anterior approaches. As per fixation approach, the industry is bifurcated into cementless, cemented, and hybrid approaches.

Moving forward the regional landscape, global hip replacement implants industry is spread across Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.

The competitive landscape of global hip replacement marketplace is defined by companies such as Zimmer Biomet Holdings Inc., B. Braun Melsungen AG, Conformis Inc., Medacta International, Globus Medical Inc., MicroPort Scientific Corporation, Smith & Nephew Plc, Medartis Holding AG, Stryker Corporation, and DePuy Synthes.