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What CAGR Will the Hip Replacement Implants Market Achieve During 2025–2034, and What Does It Indicate?

The market size for hip replacement implants has experienced robust growth in past years. The market is projected to expand from $7.94 billion in 2024 to $8.49 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. This historical growth trend is credited to factors such as the increasing aging population and prevalence of osteoarthritis, a surge in instances of hip fractures and trauma, patients’ inclination for improved mobility, a worldwide rise in obesity rates, and an uptick in sports injuries impacting the hip.

In the coming years, the market size for hip replacement implants is projected to experience robust growth. It is anticipated to expand to a value of $11.8 billion by 2029, with a compound annual growth rate (CAGR) of 8.6%. The increased demand for outpatient hip replacements, innovations in the materials used for implants, global initiatives for arthritis awareness, innovation-friendly regulations, and a focus on environmental sustainability in healthcare are some factors contributing to this expected growth during the forecast period. Key trends to watch for during this period include technological advancements, implants tailored to individual patients, surgeries assisted by robots, data-driven outcomes and value-based care, addition of personalized implant choices, and the adoption of telemedicine and remote consulting services.

Which Drivers Are Expected to Have the Greatest Impact on the hip replacement implants Market’s Growth?

The hip replacement implant market is set to expand due to the rising occurrence of arthritis. Arthritis, characterized by inflammation and tenderness in one or more joints, often results in intense pain in the bones and joints. The two most frequently diagnosed forms are osteoarthritis and rheumatoid arthritis. Hip replacement implants are widely used in hip replacement procedures, or hip arthroplasty, which are geared towards treating arthritis, relieving hip discomfort, and restoring its functionality. Surgeons achieve this by supplanting damaged or non-functioning aspects of the hip joint with artificial implants. For example, the Centers for Disease Control and Prevention, a national public health body based in the US, reported in February 2024 that in 2022, 18.9% of adults were diagnosed with arthritis. The number was higher in women, with 21.5% having arthritis, in comparison to 16.1% of men. The incidence also escalated with age, rising from 3.6% in adults aged 18-34 to 53.9% in those aged 75 and over. Therefore, the continued rise in arthritis cases is fueling the growth of the hip replacement implant market.

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What Are the Leading Organizations Impacting the Hip Replacement Implants Market’s Growth?

Major companies operating in the hip replacement implants market include:

• Zimmer Biomet Holdings Inc._x000D_

• DePuy Synthes_x000D_

• Stryker Corporation_x000D_

• Smith & Nephew PLC_x000D_

• B Braun SE_x000D_

What Are the Most Prominent Trends Driving Change in the Hip Replacement Implants Market?

The hip replacement implant market is seeing a rise in the trend of technological advancements. Major companies in this market are prioritizing research and development efforts to create innovative technologies and maintain their competitive edge. For example, InssTek Inc., a leading South Korean company specialized in metal 3D printing in the additive manufacturing industry, launched a new Metal Porous Coating (MPC) technology in June 2022. This technology allows for the coating and creation of artificial hip joint and cup components, leading to increased precision and speed in surgeries, especially those involving titanium-based materials. The MPC is a direct energy deposition (DED) additive manufacturing method that enables 3D printing of porous structures onto the surface of artificial joints using medical-grade titanium powder. This results in an alloy with the ideal roughness and pore structure, providing quicker, more accurate procedures with superior biocompatibility. InssTek has demonstrated success in using this technology, with the coating of a BENCOX Mirabo Z Cup Cortinium artificial hip joint cup manufactured by Corentec, a Korean prosthetics developer. This product has also gained FDA approval.

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How Are the Key Segments of the Hip Replacement Implants Market Impacting Its Expansion and Revenue Streams?

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

What Regions Are Leading the Charge in 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

What Key Parameters Define the Hip Replacement Implants Market’s Scope?

Hip replacement implants are medical devices that are used to imitate the movements and anatomy of the hip to regain mobility and relieve pain typically linked to hip disorders or injuries such as arthritis.

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