Global Hip Replacement Market - Segmented by Product, End-user, and Geography - Growth, Trends, and Forecast (2022 - 2030)

The global hip replacement market is expected to register a good CAGR during the forecast period, 2018 to 2023. Hip replacement or hip arthroplasty is a surgical procedure in which the damaged hip is replaced by artificial hip implant. These implants are generally helpful in treating and supporting the damaged hips caused due to the fracture, or any musculoskeletal disorders. The surgery, which is carried out is known as hip arthroplasty and is considered as a safe procedure, which can relieve chronic pain and patients can get back to their mobility and enable them to perform exercises for movement.

Growing Number of Osteoarthritis

According to the centers for disease control and prevention, it is estimated that from 2013-2015 approximately 54.4 million US adults annually had been told by a physician that they had some form of arthritis, rheumatoid arthritis. The rising incidences of the symptomatic osteoarthritis and post-traumatic arthritis is due to the growing aging segment of the population across the globe. The major underserved population for joint replacement of the hip in late-stage arthritis in the emerging markets driving procedural numbers up for the hip replacement market. The other factors, such as Increasing Injury Cases and Increasing Obesity are driving the hip replacement market to grow.

Cost of the Procedure

The cost of this procedure is becoming a major hindering factor for the growth of the hip replacement market in developing and the underdeveloped countries. Also, the pricing pressure and the risk of complications after implantation are some of the major restraining factors of this market.

US Lead the Market in North America Region

The US hip replacement market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system. In the APAC sector, China and India have been identified as potential emerging markets.

Key Developments in the Market:

• February 2018 - Stryker has completed the acquisition of Entellus Medical

Major Players: B. BRAUN MELSUNGEN AG, CORIN, DEPUY SYNTHES, SMITH & NEPHEW, STRYKER CORPORATION, ZIMMER HOLDINGS INC., among others.

Reasons to Purchase this Report

• Current and future hip replacement market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

Please Select a Format

market Reports market Reports