Hip Replacement Implants Market By Product Type (Partial Hip replacement Implants, Total Hip replacement Implants, Revision Hip Replacement Implants, Resurfacing Implants), By Material (Metal-on-Plastic, Metal-on-Metal, Ceramic-on-Metal, Ceramic-on-Plastic, Ceramic-on-Ceramic), By End User (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs)), and Geography  

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Hip Replacement Implants Market was valued at USD 5,856.3 million in 2022 and is anticipated to grow at a CAGR of 4.7 % over 2023-2029. The hip replacement implants market refers to the medical devices used in hip replacement surgeries, also known as total hip arthroplasty, which is a surgical procedure that involves replacing a damaged or diseased hip joint with prosthetic implants to relieve pain and restore joint function. The market for hip replacement implants includes various components, such as femoral stems, acetabular cups, femoral ball, liners, and other associated materials and instruments. The demand for hip replacement implants is primarily driven by the growing prevalence of conditions like osteoarthritis, rheumatoid arthritis, and hip fractures, which often require surgical intervention. For instance, according to CDC, from 2016 to 2018, approximately 58.5 million US population were diagnosed with arthritis and 25.9% of the total adult population, or 78.4 million adults 18 years of age and older, will have arthritis by 2040. This increasing prevalence of arthritis is the major factor for the rising demand for hip replacement surgeries. Moreover, reasons including an aging population and improvements in surgical methods create significant opportunities for the growth of the hip replacement implants market.

Hip Replacement Implants Market Key Developments:

  • In September 2022, Smith+Nephew, launched its OR3O Dual Mobility System for use in primary and revision hip arthroplasty (hip replacement surgery) in Japan, which offer increased stability and strength, reduced dislocation risk and improved range of motion.
  • In July 2022, Enovis, launched Augmented Reality Visualization and Information System (ARVIS), a real-time, hands-free augmented reality (AR) technology specifically designed for orthopedic surgeons, to enable them visualize accurate instructions while performing hip and knee surgery.

Global Hip Replacement Implants Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.7%

Largest Market

North America

Fastest Growing Market

Europe
Hip Replacement Implants Market Dynamics

Increase in the prevalence of osteoporosis and rheumatoid arthritis is a key factor drives the global market over the forecast years. Moreover, technological advancements of hip replacement surgeries, rise in R&D for the development of innovative implants, grow in popularity for the total hip arthroplasty, government initiations to provide care to senior citizen, and rise in healthcare expenditure are surge the global market. However, high cost of products, stringent regulations for product approval, and dearth of skilled professionals are restrain the global knee replacement market over the forecast timeframe.

Global Hip Replacement Implants Market Segmentation

By Product Type
  • Partial Hip replacement Implants
  • Total Hip replacement Implants
  • Revision Hip Replacement Implants
  • Resurfacing Implants
By Material Type
  • Metal-on-Plastic
  • Metal-on-Metal
  • Ceramic-on-Metal
  • Ceramic-on-Plastic
  • Ceramic-on-Ceramic
By End-user
  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers (ASCs)
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

2022 is the base year and 2029 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
  • Stryker Corporation (U.S.)
  • Zimmer Biomet Holdings (U.S.)
  • DePuy Synthes (U.S.)
  • Smith & Nephew plc (U.K.)
  • Braun Melsungen AG (Germany)
  • Exactech, Inc. (U.S.)
  • Integra LifeSciences (U.S.)
  • MicroPort Orthopedics, Inc (U.S.A)
  • OMNIlife science Inc. (U.S.)
  • ConforMIS(U.S.)

Adjacent Markets