Press release
Strong Growth Ahead: Hip Replacement Market Size To Grow At Arecord 6.1% Cagr By 2029
Hip Replacement
How Big Is the Hip Replacement Market Size Expected to Be by 2034?
The Hip Replacement 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].
How Big Is the Hip Replacement Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Hip Replacement Market?
The hip replacement market covered in this report is segmented -
1) By Procedure: Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Hip Resurfacing
2) By Material: Metal-On-Metal, Metal-On-Polyethylene, Ceramic-On-Polyethylene, Ceramic-On-Metal, Ceramic-On-Ceramic
3) By End-User: Hospitals, Specialty Clinics, Ambulatory Surgery Centers
Subsegments:
1) By Total Hip Replacement: Cemented Total Hip Replacement, Cementless Total Hip Replacement
2) By Partial Hip Replacement: Hemiarthroplasty, Bipolar Hip Replacement
3) By Revision Hip Replacement: Acetabular Component Revision, Femoral Component Revision
4) By Hip Resurfacing: Metal-on-Metal Hip Resurfacing, Ceramic-on-Ceramic Hip Resurfacing
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What Long-Term Drivers Are Shaping Hip Replacement Market Trends?
The rise in the number of hip injury cases is anticipated to fuel the expansion of the hip replacement market in the future. Hip injuries occur when there is an overstretched or damaged muscle supporting the hip joint. Individuals suffering from conditions like arthritis, avascular necrosis, or other forms of hip joint degeneration could experience discomfort and stiffness in the hip that can be alleviated by a hip replacement. For example, the National Library of Medicine, a US government organization, forecasted in August 2024 that annual incidences could range from 3 to 11 million by 2030 and could potentially skyrocket to 5 to 21 million by 2050, based on different estimating assumptions. Hence, the mounting number of hip injury cases paves the way for the advancement of the hip replacement market in the future.
Who Are the Top Competitors in Key Hip Replacement Market Segments?
Major companies operating in the hip replacement market include Johnson & Johnson, Stryker Corporation, Smith & Nephew PLC, B. Braun Melsungen AG, ConforMIS Inc., Exactech Inc, MicroPort Scientific Corporation, Zimmer Biomet Holdings Inc., Corin Group PLC, Gruppo Bioimpianti S.R.L., Integra LifeSciences, Medacta International, Merete GmbH, Microport Orthopedics Inc., DJO Global Inc., Waldemar Link GmbH & Co. KG, Peter Brehm GmbH, Synimed Synergie Ingénierie Médicale S.A.R.L., Elite Surgical Industries, Corentec Co. Ltd., Arthrex Inc., Evolutis, FH Ortho S.A.S, In2Bones Global Inc.
What Hip Replacement Market Trends Are Gaining Traction Across Different Segments?
The hip replacement market is increasingly popular, primarily due to technological advancements. To retain their market position, companies in this industry are embracing cutting-edge technologies. A fitting example of this is the launch of an AR technology dubbed ARVIS by Enovis, a medical technology firm based in the US, in July 2022. This innovation, designed to optimize total hip and knee replacement surgery, offers surgeons superior insights and a streamlined surgical procedure without the use of intrusive or superfluous equipment.
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Which Regions Are Becoming Hubs for Hip Replacement Market Innovation?
North America was the largest region in the hip replacement market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global hip replacement market report during the forecast period. The regions covered in the hip replacement 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 Market?
2. What is the CAGR expected in the Hip Replacement Market?
3. What Are the Key Innovations Transforming the Hip Replacement Industry?
4. Which Region Is Leading the Hip Replacement Market?
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