This global hip reconstruction devices market is analysed and segmented on the basis of product, and region. It analyzes the competitive developments, such as alliance, joint venture, and mergers & acquisitions in the global market. This market is also analyzed with an explicit focus on the high-growth applications and fastest-growing market segments.

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A hip replacement is an invasive surgical procedure, used to remove a diseased or fractured hip joint and replace it with an artificial joint or prosthesis. Osteoarthritis is one of the most common factors for hip diseases. Structures within the hip (such as the cartilage or bony joint surfaces) may get damaged due to overuse, trauma, or certain conditions, such as rheumatoid arthritis, tumors, and so on. This may lead to degenerative changes within the hip which can lead to osteoarthritis.

According to OECD Health Statistics, 2012, the hip replacement surgery per 100,000 population is 287. Over the period, it is estimated that the rate of hip reconstruction procedure has increased. The increasing number of patients suffering from osteoarthritis, rheumatoid arthritis, and osteoporosis are some of the major factors for the market growth.

The current trend of inclination towards minimally invasive surgery (MIS) is also one of the important factors for the hip reconstruction market. The MIS, particularly in hip implants, has become a topic of growing interest among the European countries. Recently, the latest implants have been introduced that facilitates promotion of minimally invasive techniques and navigation technique for the patient’s postoperative quality of life. The minimally invasive surgery reduces the amount of soft tissue distraction during a procedure, speeds the patient recovery, and minimizes discomfort.