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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Hip Replacement Implants Market Outlook

The global hip replacement implant market value was USD 7.64 billion in 2024, driven by the increasing prevalence of hip-related disorders across the globe. The market size is anticipated to grow at a CAGR of 5.2% during the forecast period of 2025-2034 to achieve a value of USD 12.05 billion by 2034.

Global Hip Replacement Implants Market

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Growing Demand for Total Hip Replacement Procedures to Aid the Industry Growth

Based on product, the total hip replacement segment accounts for a significant share in the market owing to the rising cases of osteoarthritis, coupled with the increasing inclination of patients towards minimally invasive surgeries. Total hip replacement can provide significant relief from arthritic hip pain to the patients. In addition to this, total hip replacement can boost mobility and can lead to dramatic improvement in quality of life, which is a major advantage. Being one of the most cost-effective interventions in medicine, the demand for total hip arthroplasty is expected to significantly increase in the forecast period.

North America Accounts for a Significant Share in the Market

The market for hip replacement implants in North America is driven by the rising healthcare expenditure in countries such as the United States and Canada. The region has witnessed a significant increase in cases of road or sport-related injuries, which has propelled the demand for hip replacement implants. Furthermore, the favourable reimbursement policies introduced by the government is likely to be an aiding factor for the market in the forecast period.

Hip Replacement Implants: Market Segmentation

Hip replacement implants are the medical devices aimed towards mobilising patients and reducing the pain associated with any injury. The design and application of hip replacement implants can vary from one patient to another patient, depending upon their needs.

Global Hip Replacement Implants Market By Segment

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Based on product, the market can be segmented into:

  • Total Hip Replacement
  • Partial Femoral Head
  • Hip Resurfacing
  • Revision Hip

By component, the market is divided into:

  • Ace Tabular Cup Systems
  • Hip Stem Systems
  • Revision Accessories and Components

The major applications of hip replacement implants include:

  • Metal-on-Metal
  • Metal-on-Polyethylene
  • Ceramic-on-Polyethylene
  • Ceramic-on-Metal
  • Ceramic-on-Ceramic

The different end uses of the product include:

  • Orthopaedic Clinics
  • Hospitals and Surgery Centres
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Hip Replacement Implants Market By Region

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Rising Demand in Orthopaedic Clinics  to Bolster the Market for Hip Replacement Implants

The rising application of hip replacement implants in orthopaedic clinics owing to the increasing cases of osteoarthritis, rheumatoid arthritis, osteonecrosis, fractures, and bone tumours, among others is driving the global market for hip replacement implants. In addition to this, the growing awareness regarding advanced treatment options among the patients suffering from osteoarthritis or inflammatory arthritis is likely to provide a further impetus to the market. Moreover, the development of non-invasive surgical procedures, which can effectively replace conventional procedures and associated problems, is likely to augment the market in the forecast period.

Key Industry Players in the Global Hip Replacement Implants Market

The report gives a detailed analysis of the following key players in the global hip replacement implants market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • Smith & Nephew plc
  • MicroPort Scientific Corporation
  • Exactech, Inc.
  • B. Braun Melsungen AG
  • DJO, LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Component
  • Application
  • End User
  • Region
Breakup by Product
  • Total Hip Replacement
  • Partial Femoral Head
  • Hip Resurfacing
  • Revision Hip
Breakup by Component
  • Ace Tabular Cup Systems
  • Hip Stem Systems
  • Revision Accessories and Components
Breakup by Application
  • Metal-on-Metal
  • Metal-on-Polyethylene
  • Ceramic-on-Polyethylene
  • Ceramic-on-Metal
  • Ceramic-on-Ceramic
Breakup by End User
  • Orthopedic Clinics
  • Hospitals and Surgery Centres
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • Smith & Nephew plc
  • MicroPort Scientific Corporation
  • Exactech, Inc.
  • B. Braun Melsungen AG
  • DJO, LLC
  • Smith & Nephew plc
  • OMNIlife Science, Inc.
  • Aesculap Implant Systems, LLC
  • ConMed Corporation
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The hip replacement implants market was valued at USD 7.64 billion in 2024.

The market is expected to grow at a CAGR of 5.2% during the forecast period of 2025-2034 to reach a value of USD 12.05 billion by 2034.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the rising cases of osteoarthritis, growing geriatric population, growing medical sector, and favourable reimbursement policies introduced by the government.

The growing demand for minimally invasive surgical procedures is expected to be a key trend guiding the growth of the industry.

Total hip replacement, partial femoral head, hip resurfacing, and revision hip are the major products included in the market report.

Ace tabular cup systems, hip stem systems, and revision accessories and components are the significant segments based on component.

Metal-on-metal, metal-on-polyethylene, ceramic-on-polyethylene, ceramic-on-metal, and ceramic-on-ceramic are the different applications of hip replacement implants.

Orthopaedic clinics, hospitals and surgery centres, and others are the significant end uses of the product.

The major players in the industry are Zimmer Biomet Holdings, Inc., Stryker Corporation, Smith & Nephew plc, MicroPort Scientific Corporation, Exactech, Inc., B. Braun Melsungen AG, and DJO, LLC, among others.

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