Huge Demand for Hip Surgery Device Industry

Huge Demand for Hip Surgery Device Industry

Hip replacement is a surgical procedure in which the hip joint is replaced with a prosthetic implant, ie a hip prosthesis. Hip replacement surgery can be performed as a full replacement or a hemi (half) replacement. Such orthopedic joint replacement surgery is generally done to relieve arthritis pain or for some hip fractures.

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Some of the key players of Hip Surgery Device Industry:

Zimmer Biomet, Johnson & Johnson, Stryker Corporation, Smith & Nephew, B. Braun, Wright Medical Group, Corin Group, Exactech, DJO Global, Waldemar Link, Mindray

A total hip replacement (total hip replacement, or THA) consists of replacing both the acetabulum and the femoral head, while hemiarthroplasty generally only replaces the femoral head. Hip replacement is currently one of the most common orthopedic surgeries, although short-term and long-term patient satisfaction levels vary widely. Approximately 58% of all hip replacements are estimated to last 25 years.

The average cost of a total hip replacement in 2012 was $ 40,364 in the US and around $ 7,700 to $ 12,000 in most European countries. Total hip replacement is most commonly used to treat joint failure due to osteoarthritis. Other indications are rheumatoid arthritis, avascular necrosis, traumatic arthritis, acetabular protrusion, certain hip fractures, benign and malignant bone tumors, arthritis related to Paget's disease, ankylosing spondylitis, and juvenile rheumatoid arthritis.

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