HIP Replacement Market Analysis & Forecast 2024-2030

Global HIP Replacement Market is expected to reach USD 11924.62 million by 2030 with CAGR of 4.5% between 2024 and 2030

Hip replacement surgery stands among the top joint reconstruction procedural list in the overall orthopaedic industry. The market has significant opportunities to offer high-quality treatment with the availability of a wide range of hip implants. Hip replacement surgery involves a standard diagnostic and treatment procedure, which is used to treat arthroscopy, hemi arthroplasty, and resurfacing of the hip socket. Hip implant surgery involves the usage of multi-modality imaging systems, such as MRI, CT, and ultrasound, for treatment and to assist in robotic surgery. In hip replacement surgery, an incision is made along the side of the hip and a large incision is made through the muscles that keep the pelvis from rocking while one walks.  

The length of recovery is related to how quickly the muscles that have been cut can heal and function in their normal way. In minimally invasive surgery, the object is to disturb the muscles and tendons as little as possible. There are three different ways of doing MIS hip surgery: the anterior approach, the posterior approach, and the anterior/posterior approach where two incisions are made. The single-incision approaches have limitations and often cannot be used because of patient size and/or the amount of deformity of the hip joint. The two-incision procedure benefits those patients who are at risk to develop bone deposits around the new hip. With conventional incisions, precautions sometimes need to be taken to prevent this extra bone growth. In MIS, this complication is unlikely to occur.  

An increasing number of hip arthroplasty taking place in ambulatory surgical centres with reduced cost and waiting time will further drive the demand for hip replacement implants. The Asia Pacific will grow at the fastest rate during the forecast period, driven by growing healthcare infrastructure, rising affordability towards undergoing hip replacement procedure, high unmet needs, and growing geriatric population. Foreign investment in the region and establishment of multi-specialty hospitals performing critical orthopaedic surgeries will further drive the market for hip replacement implants.  

The study covers a detailed analysis, growth and forecast of the HIP Replacement Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2018 to 2023 and market forecast for 2024 to 2030 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.  

The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for HIP Replacement Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study HIP Replacement Market helps users to make precise decision to expand their market presence and increase market share.  

The report provides HIP Replacement Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Report also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of HIP Replacement Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.  

Global HIP Replacement Market: Procedure

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

Global HIP Replacement Market: Application

• Hospitals
• Orthopaedic Clinics
• Ambulatory Surgical Centres
• Others

Global HIP Replacement Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global HIP Replacement Market:

• Stryker Corporation
• Microport Scientific Corporation
• B. Braun Melsungen AG
• Depuy Synthes (J&J)
• DJO Global Inc.
• Smith & Nephew
• Zimmer Biomet
• Exatech Inc.

Geographical analysis of Global HIP Replacement Market:

• North America
  • U.S.A.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global HIP Replacement Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

---

Frequently Asked Questions (FAQ)