Hip Replacement Implants Market on Track for Strong Growth, Estimated to Grow at 8.6% CAGR Through 2029

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What Is the Expected CAGR for the Hip Replacement Implants Market Through 2025?
Recent years have seen a significant growth in the market size of hip replacement implants. From 2024 to 2025, it is expected to expand from $7.94 billion to $8.49 billion, representing a compound annual growth rate (CAGR) of 6.9%. The historical growth trajectory is mainly due to factors such as an increase in the elderly population and incidence of osteoarthritis, a rise in hip fractures and trauma cases, heightened patient preference for improved mobility, a worldwide increase in obesity rates and increasing instances of sports-related hip injuries.

What's the Projected Size of the Global Hip Replacement Implants Market by 2029?
The market for hip replacement implants is anticipated to witness significant growth in the forthcoming years, expanding to $11.8 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. This projected growth during the predicted period can be associated with factors such as increased demand for outpatient hip replacements, advancements in implant material innovation, worldwide arthritis awareness initiatives, regulatory backing for innovation, and adherence to environmental sustainability in the healthcare sector. Key trends projected for this period are technological progress, implants tailored to individual patients, the emergence of robot-assisted surgeries, assessment of outcomes data and value-based care, personalised implant choices, and the rise of telehealth and virtual consultations.

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Top Growth Drivers in the Hip Replacement Implants Industry: What's Accelerating the Market?
The surge in arthritis cases is anticipated to fuel the expansion of the hip replacement implant market in the immediate future. Arthritis is defined by inflammation and sensitivity in one or more joints, often resulting in intense bone and joint discomfort. The most prevalent forms of this condition include osteoarthritis and rheumatoid arthritis. Hip replacement implants, typically used in hip arthroplasty procedures, help manage arthritis by alleviating hip pain and resuming its function. During these procedures, surgeons swap out the hip joint's impaired or dysfunctional components with artificial implants. As per the Centers for Disease Control and Prevention, the US's national public health institution, in February 2024, arthritis was reported in 18.9% of adults in 2022. The prevalence was higher in women (21.5%) than in men (16.1%), and it also rose with age, ranging from 3.6% in adults aged 18-34 to 53.9% in those aged 75 and above. As such, the escalation in arthritis cases is propelling the hip replacement implant market's expansion.

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What Trends Will Shape the Hip Replacement Implants Market Through 2029 and Beyond?
The progression of technology is a prominent trend emerging in the hip replacement implant market. Big firms in the space are investing heavily in R&D for groundbreaking technologies in order to maintain their market standing. For example, in June 2022, InssTek Inc., an eminent metal 3D printing company from South Korea in the additive manufacturing sector, launched Metal Porous Coating (MPC) technology. This innovative technology is designed for coating and creating artificial hip joint components and cups, particularly with the use of titanium materials, to conduct surgeries more quickly and accurately. The MPC is a direct energy deposition (DED) additive manufacturing method that allows 3D printing patterns of porous structures on the surface of synthetic joints utilizing medical-grade titanium powder. This fusion forms a single alloy to accomplish the perfect level of roughness and pore structure, improving the accuracy of procedures and boosting biocompatibility, particularly when using titanium materials. InssTek successfully applied MPC technology to a BENCOX Mirabo Z Cup Cortinium artificial hip joint cup, a product of Korean artificial limb maker Corentec, which also gained FDA approval.

What Are the Main Segments in the Hip Replacement Implants Market?
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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Which Top Companies are Driving Growth 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.

Which Regions Will Dominate the Hip Replacement Implants Market Through 2029?
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

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