Hip Replacement Implants Market Expected to Achieve 8.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Hip Replacement Implants Market Size By 2025?
The market size for hip replacement implants has experienced robust growth in the past few years. Forecasts predict an increase from $7.94 billion in 2024 to $8.43 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1%. This uptrend in the historic period can be credited to various factors including the growing elderly population, increased incidents of osteoarthritis, a rise in hip fractures and trauma cases, a preference among patients for improved mobility, a worldwide rise in obesity rates, and an increase in sports-related hip injuries.

How Big Is the Hip Replacement Implants Market Size Expected to Grow by 2029?
The market size for hip replacement implants is predicted to experience a substantial growth in the coming years, anticipated to reach $11.76 billion by 2029 with a compound annual growth rate (CAGR) of 8.7%. This anticipated growth for the forecasted period is linked to increasing demand for outpatient hip replacements, advancements in implant materials, global arthritis awareness efforts, support for innovation from regulatory bodies, and environmental sustainability in healare. Noticeable trends for this period encompass technological advancements, implants tailored to individual patients, robot-assisted surgeries, data on outcomes and care based on value, personalized implant alternatives, telemedicine, and consultations conducted remotely.

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Which Key Market Drivers Powering Hip Replacement Implants Market Expansion and Growth?
The anticipated rise in arthritis cases is predicted to drive the expansion of the hip replacement implant market. Arthritis, a condition causing swelling and soreness in one or more joints, often results in severe bone and joint pain. Osteoarthritis and rheumatoid arthritis are among the most common forms of this disease. Hip replacement implants play a significant role in hip replacement operations, or hip arthroplasty, serving as a solution for arthritis-induced hip pain and functionality restoration. During these procedures, surgeons replace the damaged or malfunctioning hip joint components with artificial implants. For example, the US-based national public health agency, Centers for Disease Control and Prevention, reported in February 2024 that in 2022, 18.9% of adults experienced arthritis. The rates were higher in women (21.5%) than in men (16.1%), and the prevalence increased with age, jumping from 3.6% in adults aged 18-34 to 53.9% in individuals aged 75 or older. Ergo, the escalating prevalence of arthritis is fueling the growth of the hip replacement implant market.

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Which Fast-Growing Trends Are Poised to Disrupt the Hip Replacement Implants Market?
Advancements in technology is a primary trend gaining momentum in the hip replacement implant sector. Major firms in the market are focusing on pioneering new technologies through intensive research and development to maintain their standing in the market. For example, in June 2022, InssTek Inc., a leading South Korean company in the metal 3D printing industry, launched the Metal Porous Coating (MPC) technology. This revolutionary tech allows the coating and creation of artificial hip joint and cup components, enhancing the precision and speed of surgeries, particularly pertaining to the use of titanium materials. The MPC technology, a direct energy deposition (DED) additive manufacturing process, facilitates the 3D printing of porous structures on the surface of artificial joints using medical-grade titanium powder forming a single alloy. This results in the optimal roughness and pore structure for faster and more accurate procedures, along with increased biocompatibility, especially with titanium materials. InssTek successfully applied the MPC technology on a BENCOX Mirabo Z Cup Cortinium artificial hip joint cup, manufactured by the Korean artificial limb company Corentec, which has also been approved by the FDA.

What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Hip Replacement Implants Industry?
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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