US to Dominate Global Hip Replacement Implants Market through 2020, Says DPI Research in Its New Study Available at MarketPublishers.com15 Aug 2016 • by Natalie Aster
LONDON – The world’s market for hip replacement implants is anticipated to outstrip USD 5 billion, registering a healthy CAGR during 2016-2021.
As of 2015, the global hip replacement implants marketplace was dominated by the USA, which held a share of over 50% of the total market. Moreover, the USA is likely to remain an absolute leader in the world marketplace through 2021. In the meantime, Japan and China ranked the second and the third in the world hip replacement implants market in the past year. Meantime, the EU austerity measures together with cutbacks in reimbursement had a negative influence and caused a decline in the hip replacement implants market in some of countries of the European reion during the past several years; however, the number of procedures still continued to increase though at a modest pace.
Nowadays, Stryker, Zimmer Biomet, Smith & Nephew and DePuy Synthes are the dominant players in the world hip replacement implants market. Zimmer Biomet, DePuy Synthes and Stryker together command the lion’s share of the market (over 80%). In the years to come, Zimmer Biomet is predicted to be an unrivalled leader in the hip replacement implants market in the next 5 years.
Novel research report “Global Hip Replacement Implants Market 2016: Market Size, Analysis, Share, Competitive, Growth & Forecast 2021 Size” prepared by DPI Research & Marketing Solutions is a trustworthy source of valuable information on the hip replacement implants market. It provides an up-close review of historical market development, includes statistics on the current market performance and uncovers important qualitative and quantitative information. This comprehensive research publication canvasses the market dynamics, contains a detailed market segmentation analysis, highlights the current scenario across key geographies, comprises detailed profiles of the major market players and offers future projections for the market up to 2021.
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