An active geriatric population identified with severe hip disorders is characterizing the growing demand for hip replacement surgeries in recent times. Increasing prevalence of hip disorders such as rheumatic arthritis, hip pain due to inflammation, hip bone injuries, hip fractures, osteoarthritis and bone infection, especially amongst the ageing population has significantly influenced the demand for hip replacement surgeries.
Hip replacement surgeries encompass surgical removal of damaged hip bones and replacing them with artificial prosthetic implants, in medical terms, the procedure is called hip arthroplasty. The three most popular types of hip replacement procedures are – hip resurfacing, partial hip replacement and total hip replacement.
Severe joint failures caused by osteoarthritis may require hip replacement surgery as the eventual option. Other major conditions include avascular necrosis, protrusio acetabuli, traumatic arthritis and malignant bone tumors. In most cases, the procedure is undertaken with an aim to improve hip function and relieve pain. When physical therapies and oral medication fail to provide relief, hip replacement surgeries are viewed as the final resort.
Cost of Hip Replacement Treatment
According to Blue Cross Blue Shield, which is a coalition of 36 separate health insurance companies and organizations in the U.S., the average cost of a total hip replacement surgery is estimated at around $31,839 to $44,816. Few medical centers do offer uninsured rebates on such surgeries. For instance, the Hawaii-based Kapiolani Medical Center offers uninsured discounted rate of approx. US$20,212 to US$23,581, whereas, the full cost of treatment is around US$33,000.
Advancement in Technology
Enhanced techniques of hip replacement surgery and introduction of advanced medical devices for undertaking such surgeries have greatly improved patient recovery time. Using the latest modules of hip replacement surgery, patients are discharged from hospitals and clinic within one or two days, if not the same day of the surgery. Innovation in medical technology is enabling clinicians and surgeon to commence personalized arthroplasties surgeries in order to provide optimal results. Moreover, use of advanced surgical instruments also implies higher accuracy and precision, which was not possible earlier. For example, Decatur Memorial Hospital a Georgia, U.S.A based Multicare hospital has recently introduced a low invasive total hip replacement surgery technology. The technology is based on Mako Robotic-Arm Assisted Surgery System, a robotic arm fully controlled by surgeon enabling more precise placement and alignment of implants.
Increasing Prevalence of Orthopedic Disorders
It has been observed that in recent past the number of orthopaedic infirmities across the globe has increased considerably. Amongst the treatment for orthopaedic disorders, hip replacement is quite common, however, surgery success ratio vary widely for long-term and short-term. The current geriatric population is more active than ever and demand instant and effective healthcare solution, unlike the previous generations who had more tolerance towards pain and old age related ailments. Moreover, the latest medical technologies and facilities offer more options, reducing the discomfort of ageing associated ailments. According to the American Academy of Orthopaedic Surgeons, approximately 300,000 hip replacements surgeries are performed annually in the United States.
For more information kindly, Visit @ http://www.persistencemarketresearch.com/market-research/hip-replacement-market.asp
Demand for hip replacement surgery is expected to gain traction in the near future. In 2015, the global market for hip replacement was valued at US$ 4601.2 Million. Hip replacement surgery market in North America is expected to dominate other major regional markets. By 2016 end, the region is anticipated to account for over 45% share of the global hip replacement market in terms of revenue.