The global demand for Hip Replacement Market is presumed to reach the market size of nearly USD 12.07 Billion by 2032 from USD 8.39 Billion in 2023 with a CAGR of 4.12% under the study period 2024-2032.
Hip replacement is also called hip resurfacing or total hip arthroplasty. Hip replacement is a surgical methodology used to replace the hip joint with a prosthetic implant, that is, a hip prosthesis. Hip replacement is the most common surgery performed to reduce rigidity and pain in the hip joint. Hip implants are made up of ceramic, plastic, and metal. Hip replacement is of four categories, such as hip resurfacing, primary hip reconstruction, revision hip implants, and partial hip reconstruction. In primary hip reconstruction, the complete hip joint is been replaced. Partial hip reconstruction is performed only when the femoral component of the hip joints needs to be replaced. In Hip replacement, partial hip reconstruction procedures are less expensive and consume minimal time when compared to total hip replacement procedures.
MARKET DYNAMICS
The global hip replacement market is expected to grow at a healthy rate during the forthcoming years by the rise in incidences of hip injuries due to sport-related injuries & road accidents. In addition, an increase in the geriatric population boosts the hip replacement market growth. Ample health coverage and reform in health reimbursement norms and policies for joint replacement methodologies are expected to promote the demand for the hip replacement market. Furthermore, the integration of robotics and advanced navigation system with surgical procedures will also contribute to the promotion of the hip replacement industry. The involvement of 3D printing technology in the manufacturing of orthopedic implants will propel the growth of the hip replacement market globally.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Hip Replacement. The growth and trends of Hip Replacement industry provide a holistic approach to this study.
Market Segmentation
This section of the Hip Replacement market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
Primary Hip Replacement Devices
Partial Hip Replacement Devices
Revision Hip Replacement Devices
Hip Resurfacing Devices
By Material
Metal-on-plastic
Ceramic-on-plastic
Ceramic-on-ceramic
Others
By Fixation Material
Cemented Fixation
Cementless Fixation
Hybrid Fixation
By Inserts
Cross-linked Polyethylene Inserts
Antioxidant Polyethylene Inserts
Non-antioxidant Polyethylene Inserts
By End-use
Hospitals
Ambulatory Surgical Centers
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the Hip Replacement market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Hip Replacement market include Zimmer Biomet, Stryker Corporation, Depuy Synthes (Johnson & Johnson), Smith & Nephew, B Braun Melsungen AG (Aesculap), Medacta International, Microport Orthopedics. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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3.7.3 Market Attractiveness Analysis By Fixation Material
3.7.4 Market Attractiveness Analysis By Inserts
3.7.5 Market Attractiveness Analysis By End-use
3.7.6 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1 List of Raw Materials
4.2.2 Raw Material Manufactures List
4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1 Direct Marketing
4.4.2 Indirect Marketing
4.4.3 Marketing Channel Development Trend
5. GLOBAL HIP REPLACEMENT MARKET ANALYSIS BY PRODUCT
5.1. Overview By Product
5.2. Historical and Forecast Data Analysis By Product
5.3. Primary Hip Replacement Devices Historic and Forecast Sales By Regions
5.4. Partial Hip Replacement Devices Historic and Forecast Sales By Regions
5.5. Revision Hip Replacement Devices Historic and Forecast Sales By Regions
5.6. Hip Resurfacing Devices Historic and Forecast Sales By Regions
6. GLOBAL HIP REPLACEMENT MARKET ANALYSIS BY MATERIAL
6.1. Overview By Material
6.2. Historical and Forecast Data Analysis By Material
6.3. Metal-on-plastic Historic and Forecast Sales By Regions
6.4. Ceramic-on-plastic Historic and Forecast Sales By Regions
6.5. Ceramic-on-ceramic Historic and Forecast Sales By Regions
6.6. Others Historic and Forecast Sales By Regions
7. GLOBAL HIP REPLACEMENT MARKET ANALYSIS BY FIXATION MATERIAL
7.1. Overview By Fixation Material
7.2. Historical and Forecast Data Analysis By Fixation Material
7.3. Cemented Fixation Historic and Forecast Sales By Regions
7.4. Cementless Fixation Historic and Forecast Sales By Regions
7.5. Hybrid Fixation Historic and Forecast Sales By Regions
8. GLOBAL HIP REPLACEMENT MARKET ANALYSIS BY INSERTS
8.1. Overview By Inserts
8.2. Historical and Forecast Data Analysis By Inserts
8.3. Cross-linked Polyethylene Inserts Historic and Forecast Sales By Regions
8.4. Antioxidant Polyethylene Inserts Historic and Forecast Sales By Regions
8.5. Non-antioxidant Polyethylene Inserts Historic and Forecast Sales By Regions
9. GLOBAL HIP REPLACEMENT MARKET ANALYSIS BY END-USE
9.1. Overview By End-use
9.2. Historical and Forecast Data Analysis By End-use
9.3. Hospitals Historic and Forecast Sales By Regions
9.4. Ambulatory Surgical Centers Historic and Forecast Sales By Regions
10. GLOBAL HIP REPLACEMENT MARKET ANALYSIS BY GEOGRAPHY
10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
10.3.1 Overview, Historic and Forecast Data Sales Analysis
10.3.2 North America By Segment Sales Analysis
10.3.3 North America By Country Sales Analysis
10.3.4 United States Sales Analysis
10.3.5 Canada Sales Analysis
10.3.6 Mexico Sales Analysis
10.4. Europe Sales Analysis
10.4.1 Overview, Historic and Forecast Data Sales Analysis
10.4.2 Europe By Segment Sales Analysis
10.4.3 Europe By Country Sales Analysis
10.4.4 United Kingdom Sales Analysis
10.4.5 France Sales Analysis
10.4.6 Germany Sales Analysis
10.4.7 Italy Sales Analysis
10.4.8 Russia Sales Analysis
10.4.9 Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
10.5.1 Overview, Historic and Forecast Data Sales Analysis
10.5.2 Asia Pacific By Segment Sales Analysis
10.5.3 Asia Pacific By Country Sales Analysis
10.5.4 China Sales Analysis
10.5.5 India Sales Analysis
10.5.6 Japan Sales Analysis
10.5.7 South Korea Sales Analysis
10.5.8 Australia Sales Analysis
10.5.9 South East Asia Sales Analysis
10.5.10 Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
10.6.1 Overview, Historic and Forecast Data Sales Analysis
10.6.2 Latin America By Segment Sales Analysis
10.6.3 Latin America By Country Sales Analysis
10.6.4 Brazil Sales Analysis
10.6.5 Argentina Sales Analysis
10.6.6 Peru Sales Analysis
10.6.7 Chile Sales Analysis
10.6.8 Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
10.7.1 Overview, Historic and Forecast Data Sales Analysis
10.7.2 Middle East & Africa By Segment Sales Analysis
10.7.3 Middle East & Africa By Country Sales Analysis
10.7.4 Saudi Arabia Sales Analysis
10.7.5 UAE Sales Analysis
10.7.6 Israel Sales Analysis
10.7.7 South Africa Sales Analysis
10.7.8 Rest Of Middle East And Africa Sales Analysis
11. COMPETITIVE LANDSCAPE OF THE HIP REPLACEMENT COMPANIES
11.1. Hip Replacement Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments
12. COMPANY PROFILES OF HIP REPLACEMENT INDUSTRY
12.1. Top Companies Market Share Analysis
12.2. Market Concentration Rate
12.3. Zimmer Biomet
12.3.1 Company Overview
12.3.2 Company Revenue
12.3.3 Products
12.3.4 Recent Developments
12.4. Stryker Corporation
12.4.1 Company Overview
12.4.2 Company Revenue
12.4.3 Products
12.4.4 Recent Developments
12.5. Depuy Synthes (Johnson & Johnson)
12.5.1 Company Overview
12.5.2 Company Revenue
12.5.3 Products
12.5.4 Recent Developments
12.6. Smith & Nephew
12.6.1 Company Overview
12.6.2 Company Revenue
12.6.3 Products
12.6.4 Recent Developments
12.7. B Braun Melsungen AG (Aesculap)
12.7.1 Company Overview
12.7.2 Company Revenue
12.7.3 Products
12.7.4 Recent Developments
12.8. Medacta International
12.8.1 Company Overview
12.8.2 Company Revenue
12.8.3 Products
12.8.4 Recent Developments
12.9. Microport Orthopedics
12.9.1 Company Overview
12.9.2 Company Revenue
12.9.3 Products
12.9.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies