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 5,856.3 million in 2023 and is anticipated to grow at a CAGR of 4.7 % over 2024-2030. 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.

However, concerns associated with expensive implants and surgical procedures negatively impact the growth of these markets. Furthermore, patient-specific implants, robotic and computer-assisted navigation systems for hip replacement procedures, and cementless hip implants are some of the major developments influencing market growth and development. Numerous implant manufacturers are forming collaborations and engaged in research and development to develop innovative implant technologies, which further contribute to the market growth. For instance, in August 2022 Exactech, a prime leader and provider of novel implants, instrumentation, and smart technologies for joint replacement surgery launched the Spartan Stem and Logical Cup System for total hip arthroplasty.

Hip Replacement 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 Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.4%

Largest Market

North America

Fastest Growing Market

Asia Pacific
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 (2019-2023), and forecast (2024-2030)
  • 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 start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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

The hip replacement market size was valued at USD 5,856.3 million in 2023

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).

The hip replacement market key players are 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)

1.Executive Summary
2.Global Hip Replacement Market Introduction 
2.1.Global Hip Replacement Market  - Taxonomy
2.2.Global Hip Replacement Market  - Definitions
2.2.1.Product Type 
2.2.2.End User
2.2.3.Region
3.Global Hip Replacement Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Hip Replacement Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Hip Replacement Market  By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Total Hip Replacement Implants
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Partial Hip Replacement Implants
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Resurfacing Implants
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Revision Hip Replacement Implants
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Hip Replacement Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Hospitals
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Orthopedic Clinics
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Ambulatory Surgical Centers (ASC)
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Hip Replacement Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Hip Replacement Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Product Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Total Hip Replacement Implants
8.1.2.Partial Hip Replacement Implants
8.1.3.Resurfacing Implants
8.1.4.Revision Hip Replacement Implants
8.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Hospitals
8.2.2.Orthopedic Clinics
8.2.3.Ambulatory Surgical Centers (ASC)
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Hip Replacement Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Total Hip Replacement Implants
9.1.2.Partial Hip Replacement Implants
9.1.3.Resurfacing Implants
9.1.4.Revision Hip Replacement Implants
9.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Hospitals
9.2.2.Orthopedic Clinics
9.2.3.Ambulatory Surgical Centers (ASC)
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Hip Replacement Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Total Hip Replacement Implants
10.1.2.Partial Hip Replacement Implants
10.1.3.Resurfacing Implants
10.1.4.Revision Hip Replacement Implants
10.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Hospitals
10.2.2.Orthopedic Clinics
10.2.3.Ambulatory Surgical Centers (ASC)
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Hip Replacement Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Total Hip Replacement Implants
11.1.2.Partial Hip Replacement Implants
11.1.3.Resurfacing Implants
11.1.4.Revision Hip Replacement Implants
11.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Hospitals
11.2.2.Orthopedic Clinics
11.2.3.Ambulatory Surgical Centers (ASC)
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Hip Replacement Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Total Hip Replacement Implants
12.1.2.Partial Hip Replacement Implants
12.1.3.Resurfacing Implants
12.1.4.Revision Hip Replacement Implants
12.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Hospitals
12.2.2.Orthopedic Clinics
12.2.3.Ambulatory Surgical Centers (ASC)
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Braun Melsungen AG (Germany)
13.2.2.Corin (U.K.)
13.2.3.DePuy Synthes (U.S.)
13.2.4.Exactech Inc. (U.S.)
13.2.5.Microport Scientific Corporation (China)
13.2.6.Smith & Nephew (U.K.)
13.2.7.Stryker (U.K.)
13.2.8.Waldemar LINK GmbH & Co. KG (Germany)
13.2.9.Zimmer Inc. (U.S.)
14. Research Methodology 
15. Appendix and Abbreviations 
  • 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.)

Adjacent Markets