Increasing injury cases and the growing burden of osteoarthritis in the country are expected to drive the demand for UAE Hip Replacement Devices Market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Hip Replacement Devices Market By Region, Competition Forecast & Opportunities, 2027”, the UAE hip replacement devices market is expected to witness steady growth in the forecast period, 2023-2027. Patients are becoming more aware and avail of all the required information through the help of online channels before undergoing hip replacement surgeries. They interact with the concerned healthcare professionals and orthopedic surgeons to learn about the operation and post-surgery information. Increased awareness about hip replacement surgeries is expected to boost the UAE hip replacement devices market growth over the forecast period. The market is further supported due to the presence of subsidized healthcare services for all citizens of the UAE and advancements in non-invasive surgeries. The occurrence of osteoarthritis is increasing at a rapid rate across UAE. Hip osteoarthritis leads to degeneration of the hip joint and can be treated by hip arthroplasty. During hip surgery, the bone component and damaged cartilage are replaced by a hip prosthesis. The high demand for hip replacement procedures due to the growing old age population and massive government support further contributes to the UAE hip replacement devices market growth over the next five years.
However, the high cost associated with hip replacement surgeries and lack of favorable reimbursement policies may restrain the UAE hip replacement devices market growth in the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "UAE HIP REPLACEMENT DEVICES MARKET"
The UAE hip replacement devices market is segmented into product type, end user, regional distribution, and competitive landscape.
Based on product type, the market is divided into primary hip reconstruction devices, partial hip reconstruction devices, revision hip reconstruction devices, and hip resurfacing devices. Primary hip reconstruction devices are expected to hold the largest market share over the forecast period, 2023-2027. They are used to completely replace the hip joint during hip replacement reconstruction procedures. These devices are mainly composed of three components, including an acetabular cup, a femoral stem, and a femoral head. Partial hip reconstruction is performed when there is a need to replace the femoral component of the hip joint needs to be replaced. The rise in prevalence of osteoarthritis among the old age population and the growing old age population in the country is driving the demand for primary hip reconstruction devices.
Based on end user, the market is divided into hospitals, ambulatory care centers, orthopedics clinics, and others. Hospitals are expected to capture the highest market share over the next five years. The growth of the segment is attributed to the availability of a large number of hospital facilities and the increase in the number of hip replacement surgeries in the country. Hospitals provide subsidized services to their nationals, due to which there is a heavy footfall in the hospital facilities. Generally, there are specialized orthopedic departments equipped with the latest equipment and devices and the presence of skilled orthopedic surgeons who is capable of providing world-class care to their patients. Quality healthcare services available in the hospitals and the rise in healthcare expenditure capacity of patients are expected to accelerate the segment growth over the next five years.
Major market players operating in the UAE hip replacement devices market are:
- Johnson & Johnson (DePuy Synthes)
- B. Braun Medical Gulf FZ-LLC
- Stryker ESCS BV
- Zimmer Biomet UAE
- Medtronic Meta FZ-LLC
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“With the ongoing advancements in the healthcare industry, hip replacement devices market players are investing in finding innovative and novel solutions that can help the patients more efficiently. The advent of customized implants for both males and females to provide for each patient based on their anatomy and the use of 3D technology to manufacture patient-specific implants is creating numerous growth opportunities for the market players. There has been an increase in robot-assisted surgeries to increase the accuracy and success rate of minimally invasive surgeries. Also, the use of non-metallic materials such as polymer and ceramic and the high number of young people suffering from degenerative diseases are expected to propel the UAE hip replacement devices market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Hip Replacement Devices Market By Product Type (Primary Hip Reconstruction Devices, Partial Hip Reconstruction Devices, Revision Hip Reconstruction Devices, Hip Resurfacing Devices), By End User (Hospitals, Ambulatory Care Centers, Orthopedics Clinics, Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of UAE hip replacement devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE hip replacement devices market.
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According to the new market research report "HIP Replacement Devices Market by Product (Primary Hip Reconstruction Devices (Cemented, Cementless), Partial Hip Reconstruction Devices, Revision Hip Reconstruction Devices, HIP Resurfacing), Geography (Americas, EU-5, Japan, BRIC, South-East Asia, MEA) - Forecast", published by MarketsandMarkets™, the global market report defines and segments the market with analysis and forecast of revenue.
The Global HIP Replacement Devices Market is estimated to reach USD 5.9 Billion, at a CAGR of 3.0% The Global Hip Reconstruction Devices Market is expected to witness substantial growth due to increasing number of arthritis patients, favorable reimbursement, and technological advancements Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=76831539 The government initiative of allocating new funds and development of new policies have reduced the waiting time for hip reconstructions, and increased the number of operations.
The technological advancements in hip reconstruction market, such as newly developed prostheses with improved strength and reliability of joints are reducing the need and cost of revision surgery.
The emergence of these techniques and other improved surgical tools for the treatment of arthritis is expected to address the rising demand for surgery during the forecast period.
Browse and in-depth TOC on "HIP Replacement Devices Market" 105 - Tables114 - Figures228 - Pages In 2014, the global HIP Replacement Devices Market was dominated by North America.
This market is segmented and forecast on the basis of product, and geography.
