Global Hip Implant Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Total Hip implants, Fixed-Bearing Hip Implants, Mobile-Bearing Total Hip Implants, Partial Hip Implants, Hip Resurfacing Implants, and Revision Hip Implants.

By Material;

Metal-On-Polyethylene, Ceramic-On-Metal, Metal-On-Metal, Ceramic-On-Polyethylene, and Ceramic-On-Ceramic.

By End-User;

Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn154591250 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hip Implant Market (USD Million), 2021 - 2031

In the year 2024, the Global Hip Implant Market was valued at USD 8,109.30 million. The size of this market is expected to increase to USD 9,661.15 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.5%.

An aging population is a major driver. As people live longer, the incidence of hip osteoarthritis, a common cause of hip pain and disability, also increases. This leads to a greater demand for hip replacement surgeries, which in turn fuels the market for hip implants.

Technological Advancements: The field of hip implant technology is constantly evolving. New materials, designs, and surgical techniques are being developed to improve implant longevity, functionality, and patient outcomes. These advancements offer surgeons more options to personalize treatment plans for individual patients, further driving market growth.

Focus on Improved Patient Outcomes: The healthcare industry is increasingly focused on improving patient outcomes and reducing recovery times. Hip implant manufacturers are responding to this trend by developing implants that promote faster healing, minimize pain, and maximize mobility. This focus on improved patient experience is another significant factor propelling the global hip implant market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Material
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Hip Implant Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Technological Advancements
        3. Increasing Incidence of Osteoarthritis
      2. Restraints
        1. High Cost of Implant Procedures
        2. Regulatory Challenges
        3. Limited Reimbursement Policies
      3. Opportunities
        1. Emerging Markets Expansion
        2. Customized Implant Solutions
        3. Minimally Invasive Techniques
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hip Implant Market, By Product, 2021 - 2031 (USD Million)
      1. Total Hip implants
      2. Fixed-Bearing Hip Implants
      3. Mobile-Bearing Total Hip Implants
      4. Partial Hip implants
      5. Hip Resurfacing Implants
      6. Revision Hip implants
    2. Global Hip Implant Market, By Material, 2021 - 2031 (USD Million)
      1. Metal-on-Polyethylene
      2. Ceramic-on-Metal
      3. Metal-on-Metal
      4. Ceramic-on-Polyethylene
      5. Ceramic-on-Ceramic
    3. Global Hip Implant Market, By End-User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Orthopedic Clinics
      3. Ambulatory Surgical Centers
    4. Global Hip Implant Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profile
      1. Zimmer Biomet Holdings Inc. (US)
      2. Stryker Corporation (UK)
      3. Smith & Nephew PLC (UK)
      4. MicroPort Scientific Corporation (China)
      5. Exactech Inc. (US)
      6. OMNILife Science Inc. (US)
      7. Braun Melsungen AG (Germany)
      8. DJO (US)
      9. Aesculap Implant Systems LLC (US)
      10. Corin (UK)
  7. Analyst Views
  8. Future Outlook of the Market