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Hip Replacement Implants Market On Steady Growth Course: Market Size, CAGR, Growth Drivers and Key Trends
Hip Replacement Implants Market Size
What Is The Projected Market Size Of The Global Hip Replacement Implants Market And Its Growth Rate?
The global hip replacement implants market has witnessed solid growth recently and is projected to continue growing:
- The market size rose from $7.94 billion in 2024 to $8.49 billion in 2025, at a compound annual growth rate (CAGR) of 6.9%.
- The rise in the historic period was due to factors such as aging populations, increase in osteoarthritis prevalence, hip fractures and trauma cases, rise in global obesity rates, and sports injuries impacting hips.
- The market size is projected to surge to $11.8 billion in 2029 at a CAGR of 8.6%.
- The growth in the forecast period can be attributed to factors like demand for outpatient hip replacements, innovations in implant materials, global arthritis awareness initiatives, regulatory support for innovation, and focus on environmental sustainability in healthcare.
What Is Driving The Growth In The Hip Replacement Implants Market?
The rising prevalence of arthritis is chiefly fueling the growth of the hip replacement implants market. Arthritis, a condition causing swelling and tenderness of one or more joints which results in severe pain in bones and joints, is growing globally, necessitating the increased use of hip replacement implants. For example, in 2022, the Centers for Disease Control and Prevention reported that 18.9% of adults had arthritis, with higher rates among women (21.5%) compared to men (16.1%). The prevalence also increased with age, from 3.6% in adults aged 18-34 to 53.9% in those aged 75 and older. Hence, the growing arthritis prevalence is driving the hip replacement implant market.
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Who Are the Key Players Driving Hip Replacement Implants Market Growth?
The key players in the hip replacement implants market include:
- Zimmer Biomet Holdings Inc.
- DePuy Synthes
- Stryker Corporation
- Smith & Nephew PLC
- B Braun SE
- Corin Group PLC.
- Waldemar Link GmbH & Co KG
- Wright Medical Group NV
- Arthrex Inc.
- Corentec Co Ltd.
- MicroPort Scientific Corporation
- Exactech Inc.
- DJO Global Inc.
- OMNI life science Inc.
- Integra LifeSciences Holdings Corporation
- Medacta International SA
- PETER BREHM GmbH
- Gruppo Bioimpianti srl.
- Globus Medical Inc.
- Enovis Medical
- Kyocera Corporation
- Merete GmbH
- Ortho Development Corporation
- Shanghai MicroPort Orthopedics Inc.
- FH Orthopedics Inc.
- LimaCorporate SPA
- Mathys AG Bettlach
- ConforMIS Inc.
- AK Medical Holdings Limited
- Beijing Chunlizhengda Medical Instruments Co. Ltd.
What Are The Key Trends In The Hip Replacement Implants Market?
Key trends in the hip replacement implants market include:
- Technological advancements
- Patient-specific implants
- Robot-assisted surgery
- Outcomes data and value-based care
- Customized implant options
- Telemedicine and remote consultations
What Are The Segments Of The Global Hip Replacement Implants Market?
The hip replacement implants market is segmented by:
1. Product Type: Femoral Reconstruction, Acetabular Reconstruction, Hip Resurfacing, Revision Hip Implants, Bearing and Porous Metal, Total Replacement Implants
2. Component: Ace Tabular Cup Systems, Hip Stem Systems, Revision Accessories and Components
3. Material: Metal-On-Metal, Metal-On-Polyethylene, Ceramic-On-Metal, Ceramic-On-Polyethylene, Ceramic-On-Ceramic
4. End-User: Orthopedic Clinics, Hospitals, Surgical Centers
Which Region Leads The Hip Replacement Implants Market?
North America was the largest region in the hip replacement implants market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the hip replacement implants market during the forecast period. The other regions covered in the hip replacement implants market report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Hip Replacement Implants Market Global Market Report?
- Market Size Analysis: Analyze the Hip Replacement Implants Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hip Replacement Implants Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hip Replacement Implants Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hip Replacement Implants Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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