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

By Product Type;

Total Hip Replacement Implants, Partial Hip Replacement Implants, Hip Revision Implants, and Hip Resurfacing Implants.

By Fixation;

Cemented and Non-Cemented.

By End-User;

Hospitals, Orthopedic Clinics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn934179788 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hip Replacement Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Hip Replacement Devices Market was valued at USD 6,107.23 million. The size of this market is expected to increase to USD 7,982.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.9%.

The global hip replacement devices market is experiencing robust growth due to the increasing prevalence of hip-related disorders and the rising demand for advanced medical technologies. Hip replacement surgery, a common procedure for treating conditions like osteoarthritis, rheumatoid arthritis, and hip fractures, involves replacing the damaged hip joint with a prosthetic implant. This market's expansion is driven by the aging population, which is more susceptible to these conditions, and the advancements in surgical techniques and implant materials.

Technological innovations are playing a pivotal role in the development of hip replacement devices. Manufacturers are continuously improving implant designs to enhance their durability, functionality, and biocompatibility. The introduction of minimally invasive surgical techniques has also contributed to the market's growth, as these methods reduce recovery times, minimize surgical risks, and improve patient outcomes. Additionally, the adoption of robotic-assisted surgeries and 3D-printed implants is further propelling the market forward by offering customized solutions tailored to individual patient anatomies.

The increasing awareness about the benefits of hip replacement surgery is another factor boosting market growth. As patients become more informed about the improved quality of life that hip replacement can offer, the demand for these procedures continues to rise. Moreover, favorable reimbursement policies and the expansion of healthcare infrastructure in emerging markets are making hip replacement surgeries more accessible to a broader patient base. This growing accessibility, coupled with the ongoing research and development efforts in the field, is expected to sustain the market's upward trajectory in the coming years.

  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 Fixation
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Hip Replacement Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Technological Advancements
        3. Increasing Obesity Rates
      2. Restraints
        1. High Costs
        2. Risk of Complications
        3. Regulatory Challenges
      3. Opportunities
        1. Emerging Markets
        2. Innovation in Materials
        3. Growing Awareness Programs
    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 Replacement Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Total Hip Replacement Implants
      2. Partial Hip Replacement Implants
      3. Hip Revision Implants
      4. Hip Resurfacing Implants
    2. Global Hip Replacement Devices Market, By Fixation, 2021 - 2031 (USD Million)
      1. Cemented
      2. Non-cemented
    3. Global Hip Replacement Devices Market, By End-User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Orthopedic Clinics
      3. Others
    4. Global Hip Replacement Devices 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 Profiles
      1. Zimmer Inc
      2. DePuy Synthes
      3. Stryker
      4. Smith & Nephew
      5. B. Braun Melsungen AG
      6. Corin
      7. Waldemar LINK GmbH & Co. KG.
  7. Analyst Views
  8. Future Outlook of the Market