Hip Replacement Market (By Product Type: Primary hip reconstruction devices, Partial hip reconstruction surgeries, Hip resurfacing surgeries, Revision hip reconstruction, Total replacement; By Application: Metal-on-metal, Metal-on-metal, Ceramic-on-polyethylene, Ceramic-on-metal, Ceramic-on-ceramic; By End User: Hospitals, Speciality Clinics, Ambulatory Surgery Centres) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032


The global hip replacement market size was estimated at USD 6 billion in 2022 and is expected to hit around USD 9.91 billion by 2032 with a registered CAGR of 5.2% from 2023 to 2032.

Hip Replacement Market Size 2023 To 2032

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Key Takeaways:

  • By procedures, the total hip replacement segment has contributed 32% of revenue share in 2022.
  • By material, the metal-on-polyethylene segment held a 35% revenue share in 2022.
  • By end user, the hospitals segment has accounted 61% of revenue share in 2022.
  • The North America hit highest revenue share of around 40.5% in 2022.

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

Report Coverage Details
Market Size in 2023

USD 6.28 Billion

Market Size by 2032

USD 9.91 Billion

Growth Rate from 2023 to 2032 CAGR of 5.2%
Base Year 2022
Forecast Period 2023 to 2032
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

 

Growth Factors

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

  • Increased prevalence of arthritis disorder in younger and elder age group with increasing pain and increasing rheumatoid disorder among the population increased the market with increased demands for new technologies developed in surgeries for hip replacement operation drives the market growth of hip replacement. Increasing number of sports and increased interest of individual in particular sport which may led to injury during playing the game can led to fracture or ligament problem and strive the market growth with increased requirements from medical experts for new technology for performing the surgery with enhance benefits less time required for performing the surgery, increased efficiency and enhance performance with improved results.
  • Increasing number of road accidents in the region with increased number of patients with arthritis disorder and increased surgery involved in hip replacement enhance the market growth of hip replacement. Increasing prevalence of rheumatoid disorder with increased requirements from the medical experts and enhance the adoption of new technologies developed. 3D printing developed technology and wide acceptance and demand from the medical orthopaedics experts with easy performing the surgery with implantation technologies developed drives the market growth of hip replacement.

Key Market Challenges

  • Increased cost of the hip replacement treatment - Improved technologies and new advance features developed in surgery of hip replacements and some surgeries integrated with robotics system with increased efficiency and reliability in the operation with reduced time for surgery, reduced complications led to the enhance cost of the treatment in hip replacement common people cannot afford the treatment due to increased prices may hamper the market growth of hip replacement during the forecast period.
  • Lack of skill - Enhance developed technologies in hip replacement with new features integrated in to the operation which enhance the efficiency and performance of the operation. Require updated skill for performing the surgery in hip replacement lack of skill among the individual may reduce the market of hip replacement with decreased skills.
  • Availability of the numerous surgeries involved in hip replacement - Increased number of surgery available in hip replacement with increased features in operation of hip replacement with increased economy may challenge the market growth of hip replacement.

Key Market Opportunities

Increased government interest with increased policies

  • Enhance benefits and advantages with new technologies in hip replacement and integrating more technologies in orthopaedics sectors which rise the market growth with increased demands from the consumers due to increased relief the arthritis pain and imposing the reimbursement policies from the government with increased investment in medical sector so that every individual can take the benefit and experience the new technology developed in the market which enlarge the market to a larger extend.
  • The key market players involve in launching of the new developments continuous research for new developments in the market with increased performance which enhance the market share of hip replacement. Increased investment from the key market players for new innovations in surgery and expansion of the market growth during the forecast period.
  • Improved functioning of the hip with surgery of hip replacement and reduced arthritis pain with improved efficacy, reliability and predictability of the operations performed. Which enhance the results of hip replacement. 

Segments Insight

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.

Applications Insights

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.

Hip Replacement Market Share, By End User, 2022 (%)

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, 2022 (%)

Regions Revenue Share in 2022 (%)
North America 40.50%
Asia Pacific 23%
Europe 30%
Latin America 4%
MEA 2.50%

 

Regional Insights

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.

Recent Developments

  • In the year 2021 August, A medical company named as Zimmer Biomet Holdings, Inc., introduced the clearance of 510K in Rosa Hip System integrated in robotic system involved directly for total hip replacement.
  • In the year 2021, Enhancement of the hip replacement with increased revision with increased profitability announced by the Medacta company.
  • In the year 2021 February, Microport Orthopaedics launched with increased hip replacement technology with new launching of hip coated collared hip stem and cemented collared hip stem with improved efficiency and efficacy for the individuals.

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

  • Primary hip reconstruction devices
    • Cemented primary hip reconstruction surgeries
    • Cementless primary hip reconstruction surgeries
  • Partial hip reconstruction surgeries
    • Cemented partial hip
    • Cementless partial hip
  • Hip resurfacing surgeries
  • Revision hip reconstruction
  • Total replacement

By Application

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

By End User

  • Hospitals
  • Speciality Clinics
  • Ambulatory Surgery Centres

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

What is the current size of hip replacement market?
The global hip replacement market size was accounted at USD 6 billion in 2022 and it is expected to reach around USD 9.91 billion by 2032.
What will be the CAGR of global hip replacement market?
The global hip replacement market is poised to grow at a CAGR of 5.2% from 2023 to 2032.
Who are the prominent players operating in the hip replacement market?
The major players operating in the hip replacement market are 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
Which are the driving factors of the hip replacement market?
Hip replacements major goal is to relieve the arthritis pain with improved technology and new techniques introduced with less complications are drives the market growth.
Which region will lead the global hip replacement market?
North America region will lead the global hip replacement market during the forecast period 2023 to 2032.

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