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

By Product Type;

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

By End User;

Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers.

By Components;

Hip Stem Systems, Acetabular Cup Systems & Revision Accessories, and Components.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn296302168 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Hip Replacement 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%.

The global hip replacement market is a crucial segment within the orthopedic medical device industry, focusing on restoring mobility and alleviating pain for individuals suffering from hip joint degeneration or damage. Hip replacement surgery, also known as total hip arthroplasty (THA), involves the removal of damaged or diseased parts of the hip joint and their replacement with artificial implants. This procedure aims to restore joint function, improve quality of life, and enhance patient mobility, particularly for those affected by conditions such as osteoarthritis, rheumatoid arthritis, avascular necrosis, or hip fractures. The market encompasses a wide range of hip implant designs, materials, and surgical techniques, catering to the diverse needs of patients and surgeons worldwide.

The demand for hip replacement procedures is driven by several factors, including an aging population, increasing prevalence of hip-related conditions, and growing patient awareness and acceptance of surgical interventions. As the global population continues to age, the incidence of degenerative joint diseases and hip fractures is expected to rise, fueling the need for hip replacement surgeries. Lifestyle factors such as sedentary behavior, obesity, and sports injuries contribute to the wear and tear of hip joints, leading to higher demand for surgical interventions. Advancements in implant technology, materials science, and surgical techniques have led to improved clinical outcomes, shorter recovery times, and reduced complications, further driving the growth of the hip replacement market.

The global hip replacement market is characterized by intense competition among medical device manufacturers, striving to innovate and differentiate their products to meet the evolving needs of patients and surgeons. Implant designs range from traditional metal-on-polyethylene constructs to newer technologies such as ceramic-on-ceramic, metal-on-metal, and highly cross-linked polyethylene bearings. Advancements in minimally invasive surgical techniques, computer-assisted navigation, and patient-specific implants are transforming the landscape of hip replacement surgery, offering personalized treatment options and improved clinical outcomes. With a growing emphasis on value-based healthcare and patient-centric approaches, the hip replacement market is poised for continued innovation and growth, as stakeholders collaborate to enhance patient satisfaction, optimize surgical outcomes, and address the challenges of an aging population.

  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 Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Components
    4. Market Snapshot, By Region
  4. Global Hip Replacement Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Degenerative Diseases
        3. Technological Advancements
        4. Lifestyle Factors
      2. Restraints
        1. Surgical complications
        2. Cost concerns
        3. Limited reimbursement
        4. Regulatory hurdles
      3. Opportunities
        1. Aging Population
        2. Technological Advancements
        3. Minimally Invasive
        4. Personalized Implants
    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 Market, By Product Type, 2021- 2031 (USD Million)
      1. Total Hip Replacement Implant
      2. Partial Hip Replacement Implant
      3. Hip Resurfacing
      4. Revision Hip Implants
    2. Global Hip Replacement Market, By End User, 2021- 2031 (USD Million)
      1. Hospitals
      2. Orthopedic Clinics
      3. Ambulatory Surgical Centers
    3. Global Hip Replacement Market, By Components, 2021- 2031 (USD Million)
      1. Hip Stem Systems
      2. Acetabular Cup Systems
      3. Revision Accessories and Components
    4. Global Hip Replacement 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. Globus Medical Inc
      2. Merete
      3. Zimmer Biomet Holdings Inc
      4. Johnson & Johnson
      5. Medacta International
      6. Stryker Corporation
      7. Corin Group PLC
      8. Gruppo Bioimpianti s.r.l.
      9. Conformis Inc
      10. B. Braun Melsungen AG
      11. Colfax Inc
      12. MicroPort Scientific Corporation
      13. Exactech Inc
      14. Integra LifeSciences
      15. Kyocera Corporation
      16. Smith & Nephew PLC
  7. Analyst Views
  8. Future Outlook of the Market