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What key factors are powering the surge in the hip replacement implants market right now?

In recent years, there has been substantial growth in the market size of hip replacement implants. It’s projected to rise from a market value of $7.94 billion in 2024 to $8.49 billion in 2025, marking a compound annual growth rate (CAGR) of 6.9%. The historical growth of this market can be traced back to factors such as the increasing aged population, prevalence of osteoarthritis, a spike in instances of hip fractures and trauma, the patients’ inclination towards improved mobility, a global surge in obesity rates, and a rise in sports-related hip injuries.

How fast Is the hip replacement implants market expected to grow, and what’s its future value?

Over the coming years, the market size for hip replacement implants is predicted to witness robust growth, eventually reaching $11.8 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. This growth during the forecast period is linked to an increasing demand for outpatient hip replacements, advancements in implant materials, worldwide arthritis awareness initiatives, innovation-supportive regulations, and environmental sustainability efforts in healthcare. Looking forward, anticipated trends include technological evolution, tailor-made implants, robotic surgical assistance, outcome data and value-driven care, personalized implant options, and the incorporation of telemedicine and remote consultations.

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What are the leading drivers of growth in the hip replacement implants market?

The rise in arthritis occurrences is anticipated to bolster the expansion of the hip replacement implant market. Arthritis, defined as the inflammation and sensitivity of one or more joints causing intense joint and bone pain, is usually treated with hip replacement implants. These implants are frequently employed in hip replacement surgeries, also known as hip arthroplasty, to alleviate hip pain and restore its functionality. During these surgeries, surgeons substitute damaged or malfunctional portions of the hip joint with artificial implants. For example, the Centers for Disease Control and Prevention, a national public health organization based in the US, reported in February 2024 that in 2022, a total of 18.9% of adults were diagnosed with arthritis. The rates were higher in women (21.5%) compared to men (16.1%). There was also an increase in prevalence with age, rising from 3.6% among adults aged 18-34 to a staggering 53.9% in individuals aged 75 and above. Consequently, this rising prevalence of arthritis is fueling the growth of the hip replacement implant market.

What are the key segments defining the hip replacement implants market?

The hip replacement implants market covered in this report is segmented –

1) By Product Type: Femoral Reconstruction, Acetabular Reconstruction, Hip Resurfacing, Revision Hip Implants, Bearing And Porous Metal, Total Replacement Implants

2) By Component: Ace Tabular Cup Systems, Hip Stem Systems, Revision Accessories And Components

3) By Material: Metal-On-Metal, Metal-On-Polyethylene, Ceramic-On-Metal, Ceramic-On-Polyethylene, Ceramic-On-Ceramic

4) By End-User: Orthopedic Clinics, Hospitals, Surgical Centers

Subsegments:

1) By Femoral Reconstruction: Femoral Heads, Femoral Stems

2) By Acetabular Reconstruction: Acetabular Cups, Acetabular Liners

3) By Hip Resurfacing: Resurfacing Implants, Resurfacing Instruments

4) By Revision Hip Implants: Revision Femoral Components, Revision Acetabular Components

5) By Bearing And Porous Metal: Ceramic Bearings, Metal Bearings, Polyethylene Bearings, Porous Metal Implants

6) By Total Replacement Implants: Total Hip Arthroplasty (THA) Implants, Minimally Invasive Implants

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Who are the key players steering the development of the hip replacement implants market?

Major companies operating in the hip replacement implants market include Zimmer Biomet Holdings Inc., DePuy Synthes, Stryker Corporation, Smith & Nephew PLC, B Braun SE, Corin Group PLC., Waldemar Link GmbH & Co KG, Wright Medical Group NV, Arthrex Inc., Corentec Co Ltd., MicroPort Scientific Corporation, Exactech Inc., DJO Global Inc., OMNI life science Inc., Integra LifeSciences Holdings Corporation, Medacta International SA, PETER BREHM GmbH, Gruppo Bioimpianti srl., Globus Medical Inc., Enovis Medical, Kyocera Corporation, Merete GmbH, Ortho Development Corporation, Shanghai MicroPort Orthopedics Inc., FH Orthopedics Inc., LimaCorporate SPA, Mathys AG Bettlach, ConforMIS Inc., AK Medical Holdings Limited, Beijing Chunlizhengda Medical Instruments Co. Ltd.

What emerging trends are influencing the growth of the hip replacement implants market?

The significant emergence of technological progress is a main trend being observed in the hip replacement implant market. To maintain their market standing, leading companies in this space are putting resources into the research and development of cutting-edge technologies. One such example is InssTek Inc., a South Korean frontrunner in the metal 3D printing sector. In June 2022, they unveiled a fresh innovation in the form of Metal Porous Coating (MPC) technology. This technology is poised to revolutionize the creation and coating of artificial hip joint and cup components, resulting in more efficient and precision-drilled surgeries, particularly with the use of titanium components. The Metal Porous Coating (MPC) technique is a derivative of direct energy deposition (DED) additive manufacturing, which enables the 3D printing of porous structures on the surface of artificial joints. This is accomplished using medical-grade titanium powder, forming a single alloy to ascertain ideal roughness and porous structure necessary for faster and more accurate operations, whilst guaranteeing maximum biocompatibility, notably with titanium components. Korean artificial limb manufacturer Corentec availed of MPC technology by InssTek to successfully coat a BENCOX Mirabo Z Cup Cortinium artificial hip joint cup, which also gained FDA approval.

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Which regions are most influential in expanding the hip replacement implants market?

North America was the largest region in the hip replacement implants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the hip replacement implants market during the forecast period. The regions covered in the hip replacement implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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