A Transparency Market Research report found the global hip reconstruction devices market is anticipated to grow from 2016 to 2024.
Here are six things to know:
1. Growing obesity levels and advancement in hip reconstruction products are driving market growth.
2. An increasing geriatric population and rising osteoporosis and arthritis cases are fueling market growth.
3. Alternative products and hip reconstruction devices' escalated costs pose as barriers to market growth.
4. Other factors hindering market growth include skepticism about complications following the procedure, a lack of regulatory standards for global hip reconstruction devices as well as hip implant recalls.
5. North America dominates the market because of reimbursement availability and a large number of aging patients with osteoporosis and arthritis.
6. Market players include Stryker, Smith & Nephew, B. Braun Melsungen, DePuy Synthes, Corin and Zimmer Biomet.
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