Hip resurfacing implants market, Orthopedic implants market, Knee replacement implants market, Smart Orthopedic Implants Market
What Does the Hip Replacement Implants Market Report 2025 Indicate?
The hip replacement implants market, which caters to those seeking relief from hip disorders and injuries, such as arthritis, had grown strongly in recent years. It will grow from $7.94 billion in 2024 to $8.49 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. Elements that attributed to growth in the historic period include an aging population, a global increase in obesity rates, rise in sports injuries impacting hips, and a rise in incidences of hip fractures and trauma. The Hip Replacement Implants Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
What Market Size Analysis Can be Expected in the Coming Years?
The hip replacement implants market is expected to witness significant growth, reaching $11.8 billion in 2029 at a CAGR of 8.6%. Factors contributing to this projected growth include a growing demand for outpatient hip replacements, innovations in implant materials, global efforts in arthritis awareness, regulatory support for innovation, and the prioritization of environmental sustainability in healthcare. Major trends in the forecast period include technological advancements, patient-specific implants, robot-assisted surgery, outcomes data and value-based care, customized implant options, and the rise of telemedicine and remote consultations.
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What are the Key Drivers Boosting the Hip Replacement Implants Market?
The surge in arthritis prevalence is a significant driver propelling the hip replacement implant market’s growth. Arthritis, which leads to severe pain in bones and joints, sees increasing rates of hip implant surgeries for the treatment of the condition. For instance, according to the Centers for Disease Control and Prevention, in 2022, 18.9% of adults had arthritis, with higher rates among women (21.5%) compared to men (16.1%). The prevalence also increased with age, from 3.6% in adults aged 18-34 to 53.9% in those aged 75 and older. Therefore, the increase in the prevalence of arthritis is driving the growth of the hip replacement implant market.
Which are the Segments in the Hip Replacement Implants Market?
1) By Product Type: Femoral Reconstruction, Acetabular Reconstruction, Hip Resurfacing, Revision Hip Implants, Bearing And Porous Metal, Total Replacement Implants
2) By Component: Acetabular Cup Systems, Hip Stem Systems, Revision Accessories and Components
3) By Material: Metal-On-Metal, Metal-On-Polyethylene, Ceramic-On-Metal, Ceramic-On-Polyethylene, Ceramic-On-Ceramic
4) By End-User: Orthopedic Clinics, Hospitals, Surgical Centers
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Which Major Players are Operating in the Hip Replacement Implants Market?
Major companies operating in the hip replacement implants market encompass Zimmer Biomet Holdings Inc., DePuy Synthes, Stryker Corporation, Smith & Nephew PLC, B Braun SE, Corin Group PLC., Waldemar Link GmbH & Co KG, Wright Medical Group NV, Arthrex Inc., Corentec Co Ltd., MicroPort Scientific Corporation, Exactech Inc., DJO Global Inc., OMNI life science Inc., Integra LifeSciences Holdings Corporation, Medacta International SA, PETER BREHM GmbH, Gruppo Bioimpianti srl., Globus Medical Inc., Enovis Medical, Kyocera Corporation, Merete GmbH, Ortho Development Corporation, Shanghai MicroPort Orthopedics Inc., FH Orthopedics Inc., LimaCorporate SPA, Mathys AG Bettlach, ConforMIS Inc., AK Medical Holdings Limited, Beijing Chunlizhengda Medical Instruments Co. Ltd.
What are the Latest Trends in the Hip Replacement Implants Market?
The emergence of technology advancement is a key trend gaining popularity in the hip replacement implant market. Major companies are focused on research and development for unique new technologies to sustain their position in the market. A notable instance includes InssTek Inc., a leading metal 3D printing company in the additive manufacturing industry, that introduced Metal Porous Coating (MPC) technology to expedite and enhance artificial hip joint and cup component surgeries.
Which Region is the Fastest Growing in the Hip Replacement Implants Market?
In 2024, North America was the largest region in the hip replacement implants market. However, Asia-Pacific is expected to be the fastest-growing region in the market during the forecast period.
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