Hip Implants Market is Tending to Register a Promising CAGR of 4.1% During Forecast 2019-2025
Market Highlights Hip replacement is a surgical procedure in which the hip joint is replaced by a prosthetic implant, which is also known as hip prosthesis. Hip replacement surgery can be performed as a hemi (half) replacement or total replacement. The growth of the global hip implants market is driven by various factors, such as the introduction of custom-made implants and the growing geriatric population. Increased product launches, mergers, acquisitions, and partnerships of the major players of the market attributed to the growth of the market. However, stringent government regulations on all-metal hip implants and an increase in the number of product recalls are projected to hamper the growth of the global hip implants market. According to MRFR analysis, the global Hip Implants Market is expected to register a CAGR of 4.1% during the forecast period of 2019 to 2025 and is expected to reach USD 9,300 million by 2025. Several marke...