UAE Hip Replacement Devices Market to grow with a CAGR of 4.98% through 2029
Increasing healthcare
infrastructure and a supportive regulatory environment are the major drivers
for the UAE Hip Replacement Devices Market.
According to TechSci Research
report, “UAE Hip Replacement Devices Market - By Region, Competition, Opportunity and
Forecast, 2019-2029F”, UAE Hip Replacement Devices Market was
valued at USD 43.37 million in 2023 and is anticipated to witness an impressive
growth in the forecast period with a CAGR of 4.98% through 2029.
Hip replacement surgery is often considered an elective procedure, meaning it is scheduled in advance and is not typically performed as an emergency. Individuals with higher disposable income are more likely to afford elective medical procedures, including hip replacement, which may have associated out-of-pocket costs. Higher disposable income often translates to increased access to private healthcare facilities. Private hospitals and clinics may offer advanced medical services, including hip replacement surgeries, with shorter waiting times and more personalized care, attracting individuals with greater financial means. While health insurance plays a crucial role in covering medical expenses, certain costs associated with hip replacement, such as deductibles, co-payments, or premium-tier procedures, may still require out-of-pocket payments. Individuals with higher disposable income are better positioned to afford these additional costs, driving demand for such procedures.
In some cases, patients may have the option to choose from a range of hip replacement devices, including premium implants with advanced features. Patients with higher disposable income may be more inclined to opt for these advanced devices, contributing to the overall demand for hip replacement technologies. Following hip replacement surgery, rehabilitation and postoperative care are crucial for successful outcomes. Individuals with higher disposable income may be better able to afford comprehensive rehabilitation services, including physical therapy, and invest in amenities or services that facilitate a smoother recovery. Rising disposable income can enable individuals to explore medical tourism options. Patients may be willing to travel to countries or regions with renowned healthcare facilities for hip replacement procedures, contributing to the global demand for hip replacement devices.
People with higher disposable income often prioritize their quality of life. If hip pain and mobility issues significantly impact their daily activities and overall well-being, they may be more willing to invest in hip replacement surgeries to improve their quality of life. Healthcare providers catering to individuals with higher disposable income may offer premium services, including the latest advancements in hip replacement technology. The availability of these services can influence the decision-making process of individuals considering hip replacement. Some individuals may choose to undergo hip replacement procedures at specialized centers or with renowned surgeons, even if these options are out of their insurance network. Higher disposable income allows for greater flexibility in choosing healthcare providers and options that align with personal preferences. This factor will accelerate the demand of the UAE Hip Replacement Devices Market.
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UAE Hip Replacement
Devices Market is segmented based on Product Type, End User, and Region
In 2023, the UAE Hip Replacement Devices Market largest share was held by Partial Hip Reconstruction Devices segment and is predicted to continue expanding over the coming years. Partial hip reconstruction devices are often associated with less invasive surgical techniques. If there has been a trend towards the adoption of minimally invasive procedures in the UAE, it could contribute to the popularity of partial hip reconstruction devices. Partial hip reconstruction aims to preserve more of the patient's natural bone structure compared to total hip replacement. This can be appealing to both surgeons and patients, as it may result in better long-term outcomes and potentially faster recovery. Some patients may prefer partial hip reconstruction over total hip replacement due to factors such as the potential for a more natural feel, decreased risk of dislocation, and the preservation of bone. Patient preferences can influence the demand for specific types of hip replacement devices. Partial hip reconstruction devices may be more suitable for certain cases, such as early-stage arthritis or cases where only a portion of the hip joint is affected. If these cases are prevalent in the UAE, it could contribute to the dominance of the partial hip reconstruction devices segment. There have been significant technological advancements in partial hip reconstruction devices, such as improved materials or designs, this could drive the adoption of these devices among orthopedic surgeons and healthcare providers.
Some of the major companies
operating in the UAE Hip Replacement Devices Market include:
- Johnson & Johnson (Middle East) Inc.
- B. Braun Medical Gulf FZ-LLC
- Stryker ESCS BV
- Zimmer Biomet EMEA
- Medtronic Meta FZ-LLC
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“The
UAE Hip Replacement Devices Market is experiencing robust growth, fueled by
several key trends. Advanced technologies such as 3D printing and robotics are
revolutionizing surgical procedures, enhancing precision and patient outcomes.
Rising awareness about hip health, coupled with an aging population, is driving
increased demand for hip replacement surgeries. Furthermore, the market is
witnessing a surge in minimally invasive procedures, reducing recovery times
and hospital stays. Companies are focusing on product innovations, including
durable materials like ceramic and titanium, to meet evolving patient needs.
With a strong emphasis on healthcare infrastructure development in the UAE, the
hip replacement devices market is poised for continued expansion and
innovation", said Mr. Karan Chechi, Research Director of 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, By Competition Forecast & Opportunities, 2019-2029F", 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
innovative 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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