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Latin America Hip Replacement Devices Market Research Report – Segmented By End User, Product, Material and Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 4086
Pages: 145

Latin America Hip Replacement Devices Market Size (2022 to 2027)

The size of the Hip replacement devices Market in Latin America was worth USD 0.56 billion in 2022 and estimated to be growing at a CAGR of 3%, to reach USD 0.64 million by 2027.

Hip replacement is a surgical procedure that replaces a hip joint with a prosthetic implant. The treatment can be carried out as a total or hemi (half) replacement. The surgery is commonly used to alleviate pain caused by arthritis or a hip fracture. In recent years, osteoarthritis has become more widespread. It's also more common among the aging population, which has been increasing in recent years.

The increased prevalence of osteoarthritis is the primary factor driving the hip replacement devices market in Latin America. However, other factors, such as an increase in the number of injuries and an increase in the obese population in Latin America, also contribute to the market's growth. The market is further expected to be expanding due to the increased prevalence of orthopedic illnesses, the existence of prominent physiotherapists in the region, the accessibility and affordability of products, and the growing elderly population.

During the forecast period, the hip replacement implants market in Latin America is expected to grow due to an increase in the number of surgical procedures for hip replacement implants, a strong presence of key players, and technical improvements leading to product innovation and offers.

However, high costs associated with the surgeries may put financial pressure on patients, which is expected to impact the market negatively. Price pressure, the danger of problems after surgery, and the time it takes to get surgery at a hospital are some of the biggest roadblocks. Aside from the growing senior population, the hip replacement devices market also benefits from recent technological breakthroughs that have enhanced the quality of artificial hips while also making surgery more accessible for the general public. Another constraint in Latin America is a lack of competent professionals for hip replacement and surgeons in distant places.

This research report on the Latin America Hip Replacement Devices Market has been segmented and sub-segmented into the following categories:

By product:

  • Total Procedure
  • Fixed
  • Mobile-Bearing
  • Partial Hip Replacement
  • Hip Resurfacing
  • Revision Hip Replacement

By Material:

  • Metal
  • Metal on Polyethylene
  • Ceramic on Metal
  • Ceramic on Polyethylene
  • Ceramic on Ceramic

By End-user:

  • Ambulatory Surgical Centres
  • Hospitals
  • Orthopedic Clinics

By Country:

  • Brazil
  • Argentina
  • Chile
  • Mexico
  • Rest of Latin America

Geographically, the Latin American hip replacement devices market had a moderate share in the global market in 2020. However, during the forecast period, the hip replacement implants market in Latin America is expected to grow due to an increase in the number of surgical procedures for hip replacement implants, a strong presence of key players, and technical improvements leading to product innovation and offers.

The expanding pool of hip fractures, hip osteoarthritis, attractive reimbursement scenario, and technical improvements are the primary drivers driving this market's growth in Mexico, Brazil, and Argentina. Furthermore, rising health awareness among the general public and an increase in the population's spending capacity are moving the industry forward.

KEY MARKET PLAYERS:

Companies playing a promising role in the Latin America hip replacement devices market profiled in this report are B. Braun Melsungen AG, Exactech, Inc., DJO Global, Inc., Johnson & Johnson, MicroPort Scientific Corporation, OMNIlife science, Inc., Smith & Nephew, Zimmer Biomet Holdings, Inc., and Stryker Corporation.

1. Introduction                                                                 

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

2. Research Methodology                                                                           

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

3. Overview                                                                       

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 Epidemology                                                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                                    

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

5. Market Segmentation                                                                              

                5.1 Product                                                        

                                5.1.1 Introduction                                           

                                5.1.2 Total                                          

                                5.1.3 Fixed                                         

                                5.1.4 Mobile bearing                                      

                                5.1.5 Partial hip replacement                                     

                                5.1.6 Hip resurfacing                                      

                                5.1.7 Revision hip replacement                                 

                                5.1.8  Y-o-Y Growth Analysis, By Product                                              

                                5.1.9  Market Attractiveness Analysis, By Product                                            

                                5.1.10  Market Share Analysis, By Product                                            

                5.2 Material                                                       

                                5.2.1 Introduction                                           

                                5.2.2 Metal on metal                                     

                                5.2.3 Metal on polyethylene                                      

                                5.2.4 Ceramic on metal                                 

                                5.2.5 Ceramic on polyethylene                                  

                                5.2.6 Ceramic on ceramic                                             

                                5.2.7 Y-o-Y Growth Analysis, By material                                               

                                5.2.8 Market Attractiveness Analysis, By material                                             

                                5.2.9 Market Share Analysis, By material                                              

                5.3 End user                                                      

                                5.3.1 Introduction                                           

                                5.3.2 Ambulatory surgical centres                                            

                                5.3.3 Hospitals                                  

                                5.3.4 Orthopaedic clinics                                              

                                5.3.5 Y-o-Y Growth Analysis, By end user                                             

                                5.3.6  Market Attractiveness Analysis, By end user                                          

                                5.3.7  Market Share Analysis, By end user                                            

6. Geographical Analysis                                                                              

                6.1 Introduction                                                               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

                                                6.1.3.1 By Geographical Area                     

                                                6.1.3.2 By Product                           

                                                6.1.3.3 By material                          

                                                6.1.3.4 By end user                         

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Product                           

                                                6.1.4.3 By material                          

                                                6.1.4.4 By end user                         

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Product                           

                                                6.1.5.3 By material                          

                                                6.1.5.4 By end user                         

                6.2 Brazil                                                             

                6.3 Mexico                                                         

                6.4 Rest of Latin America                                                             

7. Strategic Analysis                                                                       

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8. Market Leaders' Analysis                                                                        

                8.1 B. Braun Melsungen AG                                                        

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis                                       

                                8.1.6 Analyst View                                          

                8.2 Exactech, Inc.                                                            

                8.3 DJO Global, Inc.                                                        

                8.4 Johnson & Johnson                                                 

                8.5 MicroPort Scientific Corporation                                                       

                8.6 OMNIlife science, Inc.                                                            

                8.7 Smith & Nephew                                                     

                8.8 Zimmer Biomet Holdings, Inc.                                                             

                8.9 Cytori Therapeutics                                                 

                8.10 Stryker Corporation                                                              

9.Competitive Landscape                                                                            

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

10.Market Outlook and Investment Opportunities                                                                          

Appendix                                                                           

                a) List of Tables                                                

                b) List of Figures                                                              

  1. Latin America Hip replacement device Market, By Product, From 2022 - 2027 (USD Million)
  2. Latin America Total Market, By Region, From 2022 - 2027 (USD Million)
  3. Latin America Fixed Market, By Region, From 2022 - 2027 (USD Million)
  4. Latin America Mobile bearing Market, By Region, From 2022 - 2027 (USD Million)
  5. Latin America Partial hip replacement Market, By Region, From 2022 - 2027 (USD Million)
  6. Latin America Hip resurfacing Market, By Region, From 2022 - 2027 (USD Million)
  7. Latin America Revision hip replacement Market, By Region, From 2022 - 2027 (USD Million)
  8. Latin America Hip replacement device Market, By Material, From 2022 - 2027 (USD Million)
  9. Latin America Metal on metal Market, By Region, From 2022 - 2027 (USD Million)
  10. Latin America Metal on polyethylene Market, By Region, From 2022 - 2027 (USD Million)
  11. Latin America Ceramic on metal Market, By Region, From 2022 - 2027 (USD Million)
  12. Latin America Ceramic on polyethylene Market, By Region, From 2022 - 2027 (USD Million)
  13. Latin America Ceramic on ceramic Market, By Region, From 2022 - 2027 (USD Million)
  14. Latin America Hip replacement device Market, By End user, From 2022 - 2027 (USD Million)
  15. Latin America Ambulatory surgical centres Market, By Region, From 2022 - 2027 (USD Million)
  16. Latin America Hospitals Market, By Region, From 2022 - 2027 (USD Million)
  17. Latin America Orthopaedic clinics Market, By Region, From 2022 - 2027 (USD Million)
  18. Brazil Hip replacement device Market, By Product, From 2022 - 2027 (USD Million)
  19. Brazil Hip replacement device Market, By Material, From 2022 - 2027 (USD Million)
  20. Brazil Hip replacement device Market, By End user, From 2022 - 2027 (USD Million)
  21. Argentina Hip replacement device Market, By Product, From 2022 - 2027 (USD Million)
  22. Argentina Hip replacement device Market, By Material, From 2022 - 2027 (USD Million)
  23. Argentina Hip replacement device Market, By End user, From 2022 - 2027 (USD Million)
  24. Mexico Hip replacement device Market, By Product, From 2022 - 2027 (USD Million)
  25. Mexico Hip replacement device Market, By Material, From 2022 - 2027 (USD Million)
  26. Mexico Hip replacement device Market, By End user, From 2022 - 2027 (USD Million)
  27. Rest of Latin America Hip replacement device Market, By Product, From 2022 - 2027 (USD Million)
  28. Rest of Latin America Hip replacement device Market, By Material, From 2022 - 2027 (USD Million)
  29. Rest of Latin America Hip replacement device Market, By End user, From 2022 - 2027 (USD Million)

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