Ken Research has announced recent report titled, “Argentina Hip Reconstruction Market Outlook to 2022” which provides significant market information on Argentina’s Hip Reconstruction market which is derived from dynamic market forecast models.
Models namely epidemiology and capital equipment-based models are used in the report to accurately estimate and forecast the market size. The objective is to provide information that represents the most up-to-date data of the industry possible.
It offers value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market segments-Primary Hip Replacement, Partial Hip Replacement, Revision Hip Replacement and Hip Resurfacing. It also provides company shares and distribution shares data for the market category, along with global corporate-level profiles of the key market participants.
Report enables the users of the report to well develop business strategies by identifying the key market segments poised for strong growth in the future as well as ameliorates the market-entry and market expansion strategies.
The replacement surgeries rate had augmented by around 25% in the last years majorly due to increasing number of people suffering from the musculoskeletal problems.
Key players in the market include the following:
- Zimmer Biomet Holdings, Inc.,
- Stryker Corporation,
- DePuy Synthes, Inc.,
- Smith & Nephew Plc.
The drivers of the market are as follows:
- Evolving cases of hip injuries, rheumatoid arthritis, osteoarthritis
- An obese and aging population
These factors are projected to offer a boost to the market in the years to proceed as well.
The low risk and uncertainty associated with the hip replacement surgeries is a very salient reason for ascending demand for the same in the years of review and also of the forecast period since grave complications have been recorded in very few cases i.e. less than 2% of patients and the mortality rate from the surgery is well below 1%.
The technological advancements and related innovations in the industry are seen as the greatest contributors of the market growth in future.
The latest launch of minimally invasive surgery and 3D printing technology has provided this industry an overall big boost and the hip replacement market has reckoned for one of the best growths in Argentina and is further believed to ameliorate with the passage of time at ever growing CAGRs year after year.
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