Global Hip Reconstruction Devices Market to Reach $19.9 Billion by 2030
The global market for Hip Reconstruction Devices estimated at US$14.6 Billion in the year 2023, is expected to reach US$19.9 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. Primary Hip Replacement Hip Reconstruction Devices, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$10.1 Billion by the end of the analysis period. Growth in the Partial Hip Replacement Hip Reconstruction Devices segment is estimated at 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 7.6% CAGR
The Hip Reconstruction Devices market in the U.S. is estimated at US$4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook