Rising Incidences Of Hip Injuries Is A Catalyst For The Surge In Hip Replacement Market Growth: Strategic Insights Driving Hip Replacement Market Momentum in 2025

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How Large Will the Hip Replacement Market Size By 2025?
The overall scale of the hip replacement sector has seen consistent upward movement lately, projected to expand from $7.37 billion this year to $7.71 billion by next year, reflecting a compound annual growth rate of 4.6%; this historical expansion is fundamentally driven by shifting population demographics, the increasing prevalence of osteoarthritis, greater public knowledge and educational efforts, supportive reimbursement frameworks, and evolving lifestyle habits.

How Big Is the Hip Replacement Market Size Expected to Grow by 2029?
Anticipated within the coming years is substantial expansion for the hip replacement sector, projected to reach a valuation of $9.76 billion by 2029, achieving a compound annual growth rate (CAGR) of 6.1%; this upward trajectory during the forecast window is fueled by factors such as the increasing elderly demographic, the heightened incidence of long-term illnesses, enhancements in worldwide medical facilities, supportive regulatory environments, and patient inclination towards less invasive surgical techniques, while key developments shaping this period encompass technological progress, the expanding senior population, increasing popularity of ambulatory surgeries, tailored medical treatments complemented by 3D printing, and the adoption of value-based medical care models.

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Which Key Market Drivers Powering Hip Replacement Market Expansion and Growth?
A rising frequency of hip-related trauma is anticipated to be the catalyst for the expansion of the hip replacement market in the time ahead. Such hip trauma occurs when the supportive musculature around the hip articulation is either strained excessively or sustains an injury. Individuals suffering from conditions like arthritis, necrosis without sufficient blood supply, or other forms of degeneration within the hip joint might encounter discomfort and rigidity in the hip area, which are conditions that hip replacement surgery can ultimately remedy. To illustrate this trend, data from the National Library of Medicine, a governmental body situated in the United States, suggested in August 2024 that the yearly occurrence figures are forecasted to attain a range of 3 million to 11 million cases by the year 2030, with a potential escalation to somewhere between 5 million and 21 million cases by 2050, contingent upon the specific projection methodologies employed; consequently, this escalation in the occurrence of hip injuries is what is fueling the forward momentum of the hip replacement market.

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Which Fast-Growing Trends Are Poised to Disrupt the Hip Replacement Market?
Technological advancements are an emerging trend gaining traction in the hip replacement market. Key players in the market are embracing innovative technologies to maintain their competitive edge. For example, in July 2022, Enovis, a US-based medical technology company, introduced an augmented reality (AR) system called ARVIS, aimed at enhancing both total hip and knee replacement surgeries. This technology offers surgeons improved insights and a superior surgical experience while eliminating the need for bulky or unnecessary equipment.

What Are the Emerging Segments in the Hip Replacement Market?
The hip replacementmarket 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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