Arthritis Prevalence Fuels Growth In Hip Replacement Implant Market: An Emerging Driver Transforming The Hip Replacement Implants Market Landscape

The Hip Replacement Implants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Hip Replacement Implants Market Size and Projected Growth Rate?
The market size for hip replacement implants has seen robust growth in recent years. The market, which stands at $7.94 billion in 2024, is predicted to increase to $8.49 billion by 2025, representing a compound annual growth rate (CAGR) of 6.9%. The growth during the historic period is attributable to factors such as an aging population, a surge in osteoarthritis incidence, an increase in hip fractures and trauma cases, patients opting for improved mobility, a global climb in obesity rates, and a rise in sports-related hip injuries.

The market size for hip replacement implants is set to experience significant expansion in the coming years. Projected to swell to $11.8 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%, this growth is attributed to the rising demand for outpatient hip replacements. Development in implant materials and global arthritis awareness campaigns are main contributing factors, alongside regulatory contributions to innovation and sustainable practices within the healthcare sector. Foreseen trends within the period in question encompass technological progression, personalized implants, and robotic surgery. There will also be a focus on outcomes data, value-driven care, individualized implant options, and the advent of telemedicine alongside remote consultations.

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What Are the Different Hip Replacement Implants Market Segments?
The hip replacement implants market covered in this report is segmented -

1) By Product Type: Femoral Reconstruction, Acetabular Reconstruction, Hip Resurfacing, Revision Hip Implants, Bearing And Porous Metal, Total Replacement Implants
2) By Component: Ace Tabular Cup Systems, Hip Stem Systems, Revision Accessories And Components
3) By Material: Metal-On-Metal, Metal-On-Polyethylene, Ceramic-On-Metal, Ceramic-On-Polyethylene, Ceramic-On-Ceramic
4) By End-User: Orthopedic Clinics, Hospitals, Surgical Centers

Subsegments:
1) By Femoral Reconstruction: Femoral Heads, Femoral Stems
2) By Acetabular Reconstruction: Acetabular Cups, Acetabular Liners
3) By Hip Resurfacing: Resurfacing Implants, Resurfacing Instruments
4) By Revision Hip Implants: Revision Femoral Components, Revision Acetabular Components
5) By Bearing And Porous Metal: Ceramic Bearings, Metal Bearings, Polyethylene Bearings, Porous Metal Implants
6) By Total Replacement Implants: Total Hip Arthroplasty (THA) Implants, Minimally Invasive Implants

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What Are the Primary Drivers Shaping the Hip Replacement Implants Market?
The escalating cases of arthritis are anticipated to spark the expansion of the hip replacement implant market in the future. Arthritis is characterized by inflammation and sensitivity in one or more joints, causing extreme bone and joint discomfort. Osteoarthritis and rheumatoid arthritis are frequent variants of the condition. Hip replacement implants are routinely used in hip replacement surgeries, also known as hip arthroplasty, for treating arthritis to alleviate hip discomfort and revive its performance. During this procedure, surgeons swap defunct or damaged portions of the hip joint with artificial implants. For example, the Centers for Disease Control and Prevention, a US-based national public health institute, recorded in February 2024 that in 2022, 18.9% of grown-ups were diagnosed with arthritis. The disease was more prevalent in women (21.5%) than in men (16.1%); furthermore, its prevalence increased with age. It was registered at a mere 3.6% in adults in the age group of 18-34 while significantly higher in those aged 75 and above at 53.9%. As such, the growing rate of arthritis is fuelling the expansion of the hip replacement implant market.

Which Companies Are Leading in the Hip Replacement Implants Market?
Major companies operating 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 Major Trends Shaping the Hip Replacement Implants Market?
The technological advancement is a significant trend being observed in the hip replacement implant market. The main businesses in the market are prioritizing research and development efforts for ground-breaking technologies in order to uphold their standing in the market. Take for example InssTek Inc.,a South Korean leader in the metal 3D printing industry, who introduced MPC technology in June 2022. The implementation of this technology enhances creation and coating of artificial hip joint and cup components, and promises more efficient and precise surgeries, specifically pertaining to the use of titanium materials. This MPC technology applies a direct energy deposition (DED) additive manufacturing method which facilitates 3D printing of porous structures directly onto the surface of the artificial joints using medical-grade titanium powder, resulting in an alloy with optimal roughness and pore structure leading to faster, more accurate surgeries with high biocompatibility - mainly with titanium substances. A successful example of this technology was the coating of a BENCOX Mirabo Z Cup Cortinium artificial hip joint cup - developed by Korean artificial limb company Corentec - with this MPC technology, and has also secured approval from the FDA.

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What Are the Top Revenue-Generating Geographies in the Hip Replacement Implants Market?
North America was the largest region in the hip replacement implants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the hip replacement implants market during the forecast period. The regions covered in the hip replacement implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hip Replacement Implants Market?
2. What is the CAGR expected in the Hip Replacement Implants Market?
3. What Are the Key Innovations Transforming the Hip Replacement Implants Industry?
4. Which Region Is Leading the Hip Replacement Implants Market?

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