Press release
2025 Hip Replacement Industry Trends Report: Long-Term Outlook Through 2034
Hip Replacement
How Large Will the Hip Replacement Market Size By 2025?
The size of the hip replacement market has been experiencing a stable increase over recent years. This market is projected to rise from $7.37 billion in 2024 to $7.73 billion in 2025. This indicates a compound annual growth rate (CAGR) of 5.0%. The expansion seen in the historic period is associated with demographic trends, a rise in osteoarthritis cases, improved awareness and education, reimbursement policies, as well as lifestyle changes.
How Big Is the Hip Replacement Market Size Expected to Grow by 2029?
The market size for hip replacements is projected to see a robust increase in the coming years, escalating to "$9.81 billion by 2029 at a compound annual growth rate (CAGR) of 6.1%. The predicted growth in the forecast period is due to a multitude of factors like the expanding aging population, the widespread of chronic diseases, enhancements in global healthcare infrastructure, supportive regulations, and the patient inclination towards less invasive operations. Key trends anticipated in the forecast period encompass technological evolution, growing elderly population, increasing trends of outpatient procedures, customized medicine and the advent of 3D printing, along with value-based healthcare.
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Which Key Market Drivers Powering Hip Replacement Market Expansion and Growth?
A surge in hip injury instances is projected to stimulate the hip replacement market's expansion. Hip injuries occur when a muscle supporting the hip joints is overly stretched or harmed. Individuals who suffer from conditions such as arthritis, avascular necrosis, or different forms of hip joint deterioration often experience hip pain and stiffness, which may require a hip replacement. For example, the National Library of Medicine, a government agency from the US, projected in August 2024 that yearly instances might range from 3 to 11 million by 2030 and could potentially escalate to 5 to 21 million by 2050, based on different estimation assumptions. Consequently, the uptick in hip injury occurrences is bolstering the growth of the hip replacement market.
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Which Fast-Growing Trends Are Poised to Disrupt the Hip Replacement Market?
Technological progress is shaping the hip replacement market, with companies adopting AR-based solutions for improved surgical outcomes. In July 2022, US-based Enovis launched ARVIS, an augmented reality technology enhancing precision in hip and knee replacement surgeries without bulky hardware.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the Hip Replacement Market?
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.
Which are the Top Profitable Regional Markets for the Hip Replacement Industry?
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
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