2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Major Market Drivers Are Expected to Boost the Growth Potential of the Hip Replacement Implants Market?

The projected growth in the hip replacement implant market is largely driven by the escalating prevalence of arthritis. Arthritis is a condition characterized by the inflammation and sensitivity in one or multiple joints, causing intense bone and joint pain. Osteoarthritis and rheumatoid arthritis stand out as widespread forms of arthritis. Hip replacement implants often feature in hip replacement surgeries, also referred to as hip arthroplasty. This medical procedure seeks to alleviate hip pain and restore it’s functionality attributed to arthritis, by supplanting damaged or defunct hip joint components with man-made implants. As an example, the US-based Centers for Disease Control and Prevention stated in February 2024 that in 2022, the incidence of adults having arthritis was 18.9% with women seeing a higher rate of 21.5% in comparison to men who had a rate of 16.1%. The occurrence also escalated with age, rising from 3.6% amongst adults aged 18-34, to a whopping 53.9% for individuals aged 75 and older. Hence, it’s clear that an upsurge in the incidence of arthritis propels the expansion of the hip replacement implant market.

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How Has the Hip Replacement Implants Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?

In recent times, there has been significant growth in the market size of hip replacement implants. The market is projected to expand from $7.94 billion in 2024 to $8.49 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.9%. Various factors can be credited for this growth over the historic period, which include the aging population along with the prevalence of osteoarthritis, an increase in the number of hip fractures and trauma cases, a preference by patients for improved mobility, a worldwide hike in obesity rates, and a rise in sports-related injuries affecting the hip.

In the coming years, the hip replacement implants market is set to experience robust expansion. The market is projected to reach $11.8 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.6%. The increase in the forecast period is due to a rising need for outpatient hip replacements, improvements in implant materials, worldwide initiatives to raise arthritis awareness, regulatory encouragement for innovation, and adhering to environmental sustainability in healthcare. Key trends during the anticipated period include technological progression, implants tailored to individual patients, robot-assisted surgeries, outcome data and value-based care, personalized implant choices, telemedicine, and remote consultations.

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What Are the Key Market Innovations in theHip Replacement Implants Market Over the Coming Years?

The rise of modern technological innovations is a growing trend in the hip replacement implant sector. Numerous leading companies in the industry are keen on pursuing research and technology development to stay competitive in the market. For example, InssTek Inc., a prominent company based in South Korea that is renowned for its metal 3D printing in the additive manufacturing field, launched the Metal Porous Coating (MPC) technology in June 2022. This technology, initially developed for the coating and fabrication of artificial hip joint and cup components, facilitates faster and more exact surgeries, especially concerning titanium materials. The MPC, a direct energy deposition (DED) additive manufacturing methodology, enables patterns of 3D printed porous structures to be applied to the surface of artificial joints. This application employs medical-grade titanium powder to create a single alloy, which ensures optimal roughness and pore structure. As a result, it permits quicker, more specific operations with maximum biocompatibility, particularly with titanium substances. InssTek achieved success in coating a BENCOX Mirabo Z Cup Cortinium artificial hip joint cup using MPC technology. This technology has been produced by Korean artificial limb manufacturer Corentec and has been approved by the FDA.

Who Are the Top Companies Driving Innovation and Growth in theHip 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.

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Which Key Market Segments Comprise the Hip Replacement Implants Market and Drive Its Revenue Growth?

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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https://www.thebusinessresearchcompany.com/customise?id=9157&type=smpGlobal Hip Replacement Implants Market, Global Hip Replacement Implants Market Report, Global Hip Replacement Implants Market Trends, Global Hip Replacement Implants Market Size

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