The global hip replacement market size was estimated at USD 6.3 billion in 2021 and is expected to hit around USD 10.8 billion by 2030 with a registered CAGR of 6.17% from 2022 to 2030.
The advance technologies developed in orthopaedics with improved results and rapid acceptance of the newly developed surgeries help to grow the market rate during the forecast period. Hip replacement involves operation and surgery of the hip or joining of the hip. Implantation process is carried out in hip joint called as prosthetic implant or a hip prosthesis. It is orthopaedic operation joining or replacement of the hip due to increased arthritis pain may be because of fracture in the bone or the ligament problem.
Hip replacement major goal is to relieve the arthritis pain with improved technology and new techniques introduced with less complications drives the market growth with increased functioning of the hip with increased efficiency of the surgery and increased performance with new developments. Implantation involved for surgery are mostly plastic, metal and ceramic. Increasing patients of osteoarthritis with increased pain disorder such as rheumatoid arthritis majorly seen in geriatric population with increased number of sports and enhance participation of individual in the game can led to accidents during playing and may cause fracture or ligament and increased number of patients with increased hospitalization rate. Increased number of accidents on the road and increased arthritis issues. Enhance navigation for performing the surgery and increased robotics automation with increased networking constantly drives the market growth.
Impact of Covid-19 largely affected the market with decreasing growth of the new solutions with increased technology and new techniques developed for performing the surgery. Decrease in rate of patients visiting to the orthopaedics having arthritis pain which led the market rate down with wide spread of virus and new rules imposed by the government in various regions such as lock down and led to shutdown of the industries, stop the production and manufacturing of the new developments. Post pandemic situation with increased rate of geriatric patients visiting the orthopaedics with increased arthritis pain and increased developments in surgeries involved in hip replacement which boost the market growth of hip replacement to a larger extend.
Report Scope of the Hip Replacement Market
|Market Size in 2022||
USD 6.69 Billion
|Market Size by 2030||
USD 10.8 Billion
|Growth Rate from 2022 to 2030||CAGR of 6.17%|
|Forecast Period||2022 to 2030|
|Segments Covered||Product Type, Application, End User, and Geography|
|Companies Mentioned||B.Braun Melsungen, Microport Scientific Corporation, Conformis, Gruppo Bioimpianti s.r.l, Eaxctech, Inc, Styker, Smith & Nephew, DePuy Synthes Companies, Zimmer Biomet, Athenahealth, Inc, Peter Brehm GmbH, Medacta International, Integra Lifesciences Corporation, Group FH Ortho communication, Synergie Ingeniere Medicale, Elite Surgical, Corentec Co.,Ltd, Arthrex, Inc, Waldemer Link GmbH|
The advancements involved in hip replacement which is the most common operation involved in orthopaedics with increasing number of arthritis pain patients and increased rheumatoid disorder which helps to grow the market of hip replacement with increase in demands from the medical experts for the new developed technologies involved for performing the surgery which results in enhance results and decrease in arthritis pain. Arthritis pain is majorly rising in geriatric population from the age group of 22 - 55 years and above increasing sports with increased participation of the individual in particular sports and specialization in particular game. During playing the individual may get painful injury such as fracture, ligament problem, dislocation and many more and increased arthritis pain.
Increased number of road accidents with painful injury and increased arthritis pain problem. Which enhance the market of hip replacement with increase in demand from the medical experts. Increased research and development with continuous innovations involved in hip replacement surgery with increase in performance with enhance efficiency and efficacy of the surgery in hip replacement drives the market growth during the forecast period. Introduction of advance developments in hip replacements with integration of 3D printing technology developed and with improved efficiency, less time required for performing the surgery, less radiation exposure helps to boost the hip replacement market growth rate. Improved government initiative with increasing investments and encouraging to develop more technologies in hip replacement.
The key market players involved in launching the new innovative developments in hip replacements with enhance research helps to strive the market value during the forecast period. Post-pandemic of Covid-19 with increased in number of arthritis patients and rising demands from the market for new technology with improved techniques and increased solutions and reduce in arthritis pain dominates the market to grow more.
Key Market Drivers
Geriatric patients which improved the market of hip replacement
Key Market Challenges
Key Market Opportunities
Increased government interest with increased policies
Product Type Insights
On the basis of product type, total replacement subsegment which propels the market of hip replacement with increased demands for the implantation involves with increased number of rheumatoid disorders among the population with rising road accidents, increasing sports with enhance participation from individuals led to injury and increase the arthroplasty market rate. Rapid technological acceptance from the medical sectors with increased integration such as robotic system established in performing the surgery in orthopaedics and improved results in hip replacement with increasing reimbursement policies imposed by the government and increasing the market revenue share to a larger extend.
On the basis of application, the metal-on-metal with largest market share which help to enlarge the market growth of hip replacement with increased revision of the total hip replacement operation boost the market size. Complications and risk involved in the treatment after the surgery may hamper the market and low down the market rate during the forecast period. Wide range of applications of hip replacements with reduced arthritis pain and increased performance of hip replacement.
End User Insights
On the basis of end user, the ambulatory surgery centre having highest market revenue with increased value of the hip replacement in the market with increased demand from the medical expert with increasing number of patients with rheumatoid disorders and increase in arthritis pain with increasing sports initiative from the individuals led to increased number of fractures and ligaments problems with increasing number of surgery and operations with in less period of time and reduced complications and long lasting surgery, increased efficiency and efficacy from the surgery and improved relief with enhance benefits from the surgery performed drives the market of hip replacement to a larger extend.
Continuous research and development with increased technology and new techniques with robotics system integrated for performing the surgery with increased connectivity embedded system in surgical centres with techniques available in the medical sectors which propels the market growth.
Hip Replacement Market Share, By Region, 2021 (%)
|Regions||Revenue Share in 2021 (%)|
On the basis of geography development of hip replacement techniques with improved surgery in various regions with developed features in the operation increased the market rate. North America with highest market revenue share with improved technologies in the hip replacement surgery developed by the key market players.
Enhance infrastructures in health sector and improving orthopaedics sector with increased availability of the options for the hip replacements with higher adaption of the technology in surgical centres with increase in prevalence of the arthritis disorders among the geriatric population with increase in number of sports and increased participation from the young generation which led to increase in number of injuries led to fractures and many more. Which enhance the market growth of hip replacement with improved technologies.
Segments Covered in the Report
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By Product Type
By End User
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