Hip Replacement Market By Product Type (Total Hip Replacement Implant, Partial Hip Replacement Implant, Resurfacing Implant, and Revision Hip Replacement Implant), By End-User (Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers (ASC)), and Geography

 

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Hip Replacement Market size was valued at USD 5.74 billion in 2021, growing at a CAGR of 4.4% during the forecast period 2022-2028. A hip replacement implant is a common operation that addresses hip joint stiffness. The four types of total hip replacement include primary hip reconstruction, partial hip reconstruction, hip resurfacing, and revision hip implants. Fixed-bearing total hip implants and mobile-bearing total hip implants are the two types of total hip replacement implants. The global hip replacement market in recent times has become mature market in developed regions, where the hip replacement devices have become commoditized with several players are need to provide low priced products in order to sustain the market position, this is expected to improve the adoption rate of devices over the short term and projected to drive market value and volume of hip replacement market growth over the forecast period. Moreover, favourable reimbursement policies are expected to drive the market revenue growth positively over a short-term period. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes technology advancements; regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed hip replacement market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and unmet needs (Product Opportunities). For instance, in U.S, the hip and knee replacement cost to Medicare is more than USD 7 Bn in hospital cost.

Global Hip Replacement Market Summary

Study Period

2023-29

Base Year

2022

CAGR

4.4%

Largest Market

North America

Fastest Growing Market

Europe
Hip Replacement Market Dynamics

The growing baby-boomers and geriatric populations who are at risk of hip or joint fracture expected to drive the market demand hip replacement devices over the forecast period. Moreover, increasing incidence of hip fractures and injuries creating ample growth opportunities for the players operating in the hip replacement market, this is expected to drive the market revenue growth over the forecast period. For Instance, in 2016, according to World Bank population statistics, population ages 65 and above is estimated to be around 8.5% of total population and projected to increases geriatric population over the forecast period, which in turn affect the market growth positively.

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 competitor’s 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

Global Hip Replacement Market Segmentation

By Product Type
  • Total Hip Replacement Implants
  • Partial Hip Replacement Implants
  • Resurfacing Implants
  • Revision Hip Replacement Implants
By End-User
  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers (ASC)

Frequently Asked Questions

2021 is the base year and 2028 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.

  1. Research Methodology
    • Secondary and Primary research
      • Secondary Sources
      • Primary Sources
    • Market Revenue Estimation Methodology
    • Key Assumptions
    • Acronyms
  2. Scope of Study
    • Market Definition
    • Objective of the Research
    • Regions covered in the study
  3. Executive summary
  4. Global Hip Replacement Market Dynamics
    • Drivers
      • Economic Drivers
      • Demand Side Drivers
      • Supply Side Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
  5. Unique Features of the Report
    • Competition analysis
    • Regulatory landscape
    • PESTLE analysis
    • Porter’s analysis
  6. Global Hip Replacement Market Analysis, By Product Type, 2013 - 2017 and Forecast, 2018 - 2024
    • Total Hip Replacement Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Partial Hip Replacement Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Resurfacing Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Revision Hip Replacement Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)

7. Global Hip Replacement Market Forecast, By End User Analysis, 2013 - 2017 and Forecast, 2018 - 2024

    • Hospitals
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Orthopedic Clinics
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Ambulatory Surgical Centers (ASC)
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
8. Hip Replacement Market Analysis, By Region, 2013 - 2017 and Forecast, 2018 - 2024
    • North America Hip Replacement Market Analysis, 2013 - 2017 and Forecast, 2018 - 2024
      • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • Total Hip Replacement Implants
        • Partial Hip Replacement Implants
        • Resurfacing Implants
        • Revision Hip Replacement Implants
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • Hospitals
        • Orthopedic Clinics
        • Ambulatory Surgical Centers (ASC)
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • US
        • Canada
      • Europe Hip Replacement Market Analysis, 2013 - 2017 and Forecast, 2018 - 2024
        • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
          • Total Hip Replacement Implants
          • Partial Hip Replacement Implants
          • Resurfacing Implants
          • Revision Hip Replacement Implants
        • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
          • Hospitals
          • Orthopedic Clinics
          • Ambulatory Surgical Centers (ASC)
        • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Rest of Europe
  • Asia-Pacific Hip Replacement Market Analysis, 2013 - 2017 and Forecast, 2018 - 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Total Hip Replacement Implants
      • Partial Hip Replacement Implants
      • Resurfacing Implants
      • Revision Hip Replacement Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers (ASC)
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • Japan
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Latin America Hip Replacement Market Analysis, 2013 - 2017 and Forecast, 2018 - 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Total Hip Replacement Implants
      • Partial Hip Replacement Implants
      • Resurfacing Implants
      • Revision Hip Replacement Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers (ASC)
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • Brazil
    • Mexico
    • Argentina
    • Venezuela
    • Rest of Latin America
  • Middle East & Africa (MEA) Hip Replacement Market Analysis, 2013 - 2017 and Forecast, 2018 - 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Total Hip Replacement Implants
      • Partial Hip Replacement Implants
      • Resurfacing Implants
      • Revision Hip Replacement Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers (ASC)
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Braun Melsungen AG (Germany)
      • Corin (U.K.)
      • DePuy Synthes (U.S.)
      • Exactech Inc. (U.S.)
      • Microport Scientific Corporation (China)
      • Smith & Nephew (U.K.)
      • Stryker (U.K.)
      • Waldemar LINK GmbH & Co. KG (Germany)
      • Zimmer Inc. (U.S.)
  • Braun Melsungen AG (Germany)
  • Corin (U.K.)
  • DePuy Synthes (U.S.)
  • Exactech Inc. (U.S.)
  • Microport Scientific Corporation (China)
  • Smith & Nephew (U.K.)
  • Stryker (U.K.)
  • Waldemar LINK GmbH & Co. KG (Germany)
  • Zimmer Inc. (U.S.)