Hip Replacement Implants Market Size, Share, and Trends 2024 to 2033

Hip Replacement Implants Market (By Product Type: Total Hip, Partial Femoral Head, Hip Resurfacing, Revision Hip; By Material: Metal-on-metal, Metal-on-polyethylene, Ceramic-on-polyethylene, Ceramic-on-metal, Ceramic-on-ceramic; By End-use: Hospitals & Surgery Centers, Orthopedic Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033

  • Last Updated : July 2024
  • Report Code : 4577
  • Category : Healthcare

Hip Replacement Implants Market Size and Growth

The global hip replacement implants market size was USD 4.86 billion in 2023, calculated at USD 4.96 billion in 2024 and is expected to reach around USD 6.01 billion by 2033, expanding at a CAGR of 2.14% from 2024 to 2033. The increasing need for hip replacement surgeries due to traumatic injuries and in the growing geriatric population is boosting the growth of the hip replacement implant market.

Hip Replacement Implants Market Size 2024 to 2033

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Hip Replacement Implants Market Key Takeaways

  • The North America hip replacement implants market size reached USD 2.28 billion in 2023 and is expected to attain around USD 2.85 billion by 2033, poised to grow at a CAGR of 2.25% between 2024 and 2033.
  • North America dominated the hip replacement implants market with the largest revenue share of 47% in 2023.
  • Asia Pacific is expected to grow at the highest CAGR in the market during the forecast period.
  • By product type, the total hip segment has held the major revenue share of 38% in 2023.
  • By product type, the hip resurfacing segment is expected to grow at the highest CAGR in the market during the forecast period.
  • By material, the metal-on-polyethylene segment has contributed more than 31% of revenue share in 2023.
  • By material, the ceramic-on-polyethylene segment is expected to grow at the highest CAGR in the market during the forecast period.
  • By end-use, the hospitals & surgery centers segment has recorded the biggest revenue share of 70% in 2023.
  • By end-use, the orthopedic clinics segment is expected to grow at the highest CAGR in the market during the forecast period.

U.S. Hip Replacement Implants Market Size and Growth 2024 to 2033

The U.S. hip replacement implants market size was exhibited at USD 1.83 billion in 2023 and is projected to be worth around USD 2.30 billion by 2033, poised to grow at a CAGR of 2.31% from 2024 to 2033.

U.S. Hip Replacement Implants Market Size 2024 to 2033

North America dominated the hip replacement implants market in 2023. North America is home to cutting-edge medical facilities and technology, as well as a sophisticated healthcare infrastructure. This infrastructure helps maintain market dominance by facilitating superior surgical treatments, such as hip replacements. North America is home to the corporate offices of several top players in the hip replacement implant industry, including Zimmer Biomet, Stryker, and Johnson & Johnson.

The hip replacement implants market expansion is aided by their robust presence and wide-ranging distribution networks. Due to the high level of healthcare spending in the area, substantial investments in cutting-edge medical procedures and technology are possible. This hefty cost justifies the increasing use of hip replacement procedures. Hip replacement surgeries are made more accessible to patients by favorable insurance and payment regulations. More people are choosing hip replacements as a result of comprehensive coverage provided by both public and commercial insurers.

Hip Replacement Implants Market Share, By Region, 2023 (%)

Asia Pacific is expected to grow at the highest CAGR in the hip replacement implants market during the forecast period. The population of the region is aging quickly, resulting in a considerable shift in demographics. Hip replacement procedures are becoming more and more popular as people age since hip-related disorders like osteoarthritis are more common in older people.

The spending on healthcare and expenditures in healthcare infrastructure are rising in several Asia Pacific nations. This higher spending encourages the use of cutting-edge medical procedures, such as hip replacement implants. Modern surgical methods and medical technology are being actively embraced by the area. The hip replacement implants market is growing as a result of ongoing advancements in hip replacement implants, such as better materials and less intrusive techniques.

Market Overview

The hip replacement implants market refers to orthopedic surgeons who utilize hip replacement implants as medical devices to replace a worn-out or damaged hip joint with an artificial one. The purpose of these implants is to enhance hip joint function overall, reduce discomfort, and restore mobility. The design, materials, fixation techniques, and customization choices of hip replacement implants vary, enabling orthopedic surgeons to choose the best implant for a patient's health, way of life, and surgical needs.

The hip replacement implants market is fragmented with multiple small-scale and large-scale players, such as Braun Melsungen AG, DJO Global, Inc., Stryker Corp., OMNIlife Science, Inc., Smith & Nephew Plc, Exactech, Inc., MicroPort Scientific Corp., Aesculap Implant Systems, LLC, Zimmer Biomet, Johnson & Johnson, ConMed Corp.

Hip Replacement Implants Market Growth Factors

  • The rising prevalence of obesity can grow the hip replacement implant market.
  • Rising awareness about hip disorders can boost the hip replacement implant market.

Hip Replacement Implants Market Scope

Report Coverage Details
Market Size by 2033 USD 6.01 Billion
Market Size in 2023 USD 4.86 Billion
Market Size in 2024 USD 4.96 Billion
Market Growth Rate from 2024 to 2033 CAGR of 2.14%
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered Product Type, Material, End-use, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Hip Replacement Implants Market Dynamics

Driver

Rising prevalence of hip disorder

The rising prevalence of hip disorders may grow the hip replacement implant market. Hip replacement surgery is becoming more and more necessary for patients as more individuals develop hip diseases. Hip replacement implant demand rises as a direct result of this. Osteoarthritis is one of the more prevalent hip problems in older persons.

The frequency of hip problems is increasing due to global population aging, which is driving up demand for hip replacement procedures and implants. Hip replacement procedures are now more successful and widely available because of advancements in implant technology and surgical methods. The hip replacement implant market will continue to increase as a result of these developments, which can serve a wider variety of patients, including those with severe hip disorders.

Restraint

Potential risk of nerve injury

The potential risk of nerve injury may slow down the hip replacement implant market. The hip replacement implants market may face major obstacles from the possibility of nerve damage as it may influence patient choices, raise expenses and legal barriers, and draw attention away from hip replacements in favor of other options.

Opportunity

Advancement in hip replacement implants

The advancement in hip replacement implants can be the opportunity to grow the hip replacement implants market. Enhancing the quality and longevity of implants can achieved through technological advancements. For younger patients and those who lead active lifestyles, this lessens the need for revision procedures, increasing the appeal of hip replacement. Technological advances in surgery, such as robotic-assisted surgery and minimally invasive surgery, can lower recovery times, minimize problems, and increase implant placement precision.

Product Type Insights

The total hip segment dominated the hip replacement implants market in 2023. The typical surgical treatment for treating fractures, degenerative hip problems, and severe hip arthritis is total hip replacement. Total hip replacements are becoming more and more popular because of the prevalence of these problems, particularly in older populations. Complete hip replacement operations are thought to be quite successful in reducing pain and restoring function, and they have a long history of success. Patients and surgeons are more likely to embrace these procedures because of their well-established results.

All hip implants now function better and last longer thanks to developments in implant materials and design. The improved prosthetic materials (such as highly cross-linked polyethylene, ceramic, and titanium), less invasive surgical techniques, and improved fixation techniques are some of the innovations that lead to better patient outcomes and longer implant lifespans.

The hip resurfacing segment is expected to grow at the highest CAGR in the hip replacement implants market during the forecast period. Because hip resurfacing maintains more of the patient's original bone than complete hip replacement, it is frequently chosen by younger, more active patients. For those who want to continue being physically active after surgery, this makes it a good choice. Rather than removing the femoral head completely, the technique consists of capping it with a smooth metal covering.

This bone-conserving strategy preserves more bone for potential future procedures, which is advantageous for individuals who may eventually require a total hip replacement. Compared to total hip replacement, hip resurfacing often carries a decreased risk of dislocation, making it a safer alternative for patients who lead active lives. The greater stability is achieved with hip resurfacing because of the bigger femoral head size.

Material Insights

The metal-on-polyethylene segment dominated the hip replacement implants market in 2023. The hip implants made of metal on polyethylene (MoP) have been around for many years and have a solid track record of performance. Surgeons and patients alike have faith in their dependability and effectiveness due to their extensive history of clinical usage. In general, MoP implants are less expensive than those made of ceramic or metal-on-metal. These implants are more accessible to a wider spectrum of patients due to their cost, which also lessens the financial strain on healthcare systems. The highly cross-linked polyethylene (HXLPE), a polyethylene technological advancement, has greatly increased the wear resistance and durability of metal-on-polyethylene implants. These improvements lengthen the implant's lifespan by lowering the likelihood of osteolysis and implant wear.

The ceramic-on-polyethylene segment is expected to grow at the highest CAGR in the hip replacement implants market during the forecast period. The ceramic materials are renowned for their outstanding wear resistance and biocompatibility. In comparison to conventional metal-on-polyethylene implants, the resultant implants offer improved resilience and endurance when paired with advanced polyethylene, such as highly cross-linked polyethylene.

Compared to metal-on-polyethylene implants, ceramic-on-polyethylene implants generate fewer wear particles, which lowers the possibility of osteolysis and implant loosening. Because of this feature, they are a good choice for younger, more active patients who need implants that will last. Since ceramic materials don't discharge metal ions, the possibility of metallosis and other unfavorable reactions from metal-on-metal implants is reduced. This increases the safety of ceramic-on-polyethylene implants for those with allergies or metal sensitivity.

End-use Insights

The hospitals & surgery centers segment dominated the hip replacement implants market in 2023. Comprehensive care facilities, such as preoperative assessment, surgery, aftercare, and rehabilitation, are provided by hospitals and surgical centers. They are the go-to option for hip replacement surgeries since they offer a whole range of services.

Hip replacement procedures are performed with optimal quality and efficiency, and they are advanced to the latest medical technology and specialist surgical equipment found in hospitals and surgery centers. The modern technology makes surgery safer and improves surgical results. Hip replacement surgery is a common practice among expert orthopedic doctors working at these institutions. Furthermore, thorough patient care is ensured by the participation of multidisciplinary teams that include nurses, physical therapists, and anesthesiologists.

Hip Replacement Implants Market Share, By End-use, 2023 (%)

The orthopedic clinics segment is expected to grow at the highest CAGR in the hip replacement implants market during the forecast period. The hip replacements are among the most common joint replacement procedures that orthopedic clinics specialize in. They are able to provide extremely focused and knowledgeable care because of their specialty, which draws patients looking for specialist care. The orthopedic clinics frequently provide a more individualized and patient-focused method of therapy.

Compared to bigger hospitals, patients may prefer the individualized attention and continuity of treatment that smaller specialty clinics may provide. With lower wait times and simpler appointment scheduling for consultations and treatments, many orthopedic clinics provide increased accessibility and convenience. The patients seeking immediate care will find this accessibility very enticing. Because orthopedic clinics have lesser overhead than hospitals, they can occasionally provide more affordable options. They are a desirable alternative for patients and insurance companies due to their cost advantage.

Hip Replacement Implants Companies

Hip Replacement Implants Market Companies

  • Zimmer Biomet
  • Johnson & Johnson
  • Stryker Corp.
  • Smith & Nephew Plc
  • MicroPort Scientific Corp.
  • Exactech, Inc.
  • OMNIlife Science, Inc.
  • B. Braun Melsungen AG
  • DJO Global, Inc.
  • Aesculap Implant Systems, LLC
  • ConMed Corp.

Recent Developments

  • In February 2024, the Reverse Hip Replacement System (Reverse HRS), the company's flagship product, will be on display at the 2024 American Academy of Orthopaedic Surgeons (AAOS) annual meeting, which will be held in San Francisco, California, from February 12–16.
  • In August 2023, Smith+Nephew's OR3O Dual Mobility System will be available in India for hip arthroplasty surgeries, including primary and revision. Unlike traditional techniques, dual mobility implants have a smaller-diameter femoral head that locks into a larger polyethylene insert, increasing stability, enhancing range of motion, and reducing the chance of dislocation.
  • In January 2023, with the introduction of Mako, the world's most widely utilized and FDA-approved robotic arm-aided technology, Gurgaon just reached a major milestone in the field of knee and hip replacement. The Mako SmartRoboticsTM System is now in use at W Pratiksha Hospital.
  • In August 2022, GAINESVILLE, Fla.—Exactech, a developer and producer of state-of-the-art implants, equipment, and intelligent technologies for joint replacement surgery, announced the first successful surgeries employing the SpartanTM Stem and LogicalTM Cup System for total hip arthroplasty.

Segment Covered in the Report

By Product Type

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

By Material

  • Metal-on-metal
  • Metal-on-polyethylene
  • Ceramic-on-polyethylene
  • Ceramic-on-metal
  • Ceramic-on-ceramic

By End-use

  • Hospitals & Surgery Centers
  • Orthopedic Clinics
  • Others

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

The global hip replacement implants market size is expected to increase USD 6.01 billion by 2033 from USD 4.86 billion in 2023.

The hip replacement implants market is anticipated to grow at a CAGR of over 2.14% between 2024 and 2033

The major players operating in the hip replacement implants market are Zimmer Biomet, Johnson & Johnson, Stryker Corp., Smith & Nephew Plc, MicroPort Scientific Corp., Exactech, Inc., OMNIlife Science, Inc., B. Braun Melsungen AG, DJO Global, Inc., Aesculap Implant Systems, LLC, ConMed Corp., and Others.

The driving factors of the hip replacement implants market are the rising prevalence of hip disorder and rising prevalence of obesity can grow the market.

North America region will lead the global hip replacement implants market during the forecast period 2024 to 2033.

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