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Global Hip Replacement Implants Market Size, Share, Growth, Trends, Forecast: By Product: Total Hip Replacement, Partial Femoral Head, Hip Resurfacing, Revision Hip; By Component: Ace Tabular Cup Systems; By Application: Metal-on-Metal, Metal-on-Polyethylene, Others; By End User; Regional Analysis; Supplier Landscape; 2024-2032
Global Hip Replacement Implants Market Outlook
The global hip replacement implant market value was USD 7.64 billion in 2023, driven by the increasing prevalence of hip-related disorders across the globe. The market size is anticipated to grow at a CAGR of 5.2% during the forecast period of 2024-2032 to achieve a value of USD 12.05 billion by 2032.
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Growing Demand for Total Hip Replacement Procedures to Aid the Industry Growth
Based on product, the total hip replacement segment accounts for a significant share in the market owing to the rising cases of osteoarthritis, coupled with the increasing inclination of patients towards minimally invasive surgeries. Total hip replacement can provide significant relief from arthritic hip pain to the patients. In addition to this, total hip replacement can boost mobility and can lead to dramatic improvement in quality of life, which is a major advantage. Being one of the most cost-effective interventions in medicine, the demand for total hip arthroplasty is expected to significantly increase in the forecast period.
North America Accounts for a Significant Share in the Market
The market for hip replacement implants in North America is driven by the rising healthcare expenditure in countries such as the United States and Canada. The region has witnessed a significant increase in cases of road or sport-related injuries, which has propelled the demand for hip replacement implants. Furthermore, the favourable reimbursement policies introduced by the government is likely to be an aiding factor for the market in the forecast period.
Hip Replacement Implants: Market Segmentation
Hip replacement implants are the medical devices aimed towards mobilising patients and reducing the pain associated with any injury. The design and application of hip replacement implants can vary from one patient to another patient, depending upon their needs.
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Based on product, the market can be segmented into:
- Total Hip Replacement
- Partial Femoral Head
- Hip Resurfacing
- Revision Hip
By component, the market is divided into:
- Ace Tabular Cup Systems
- Hip Stem Systems
- Revision Accessories and Components
The major applications of hip replacement implants include:
- Metal-on-Metal
- Metal-on-Polyethylene
- Ceramic-on-Polyethylene
- Ceramic-on-Metal
- Ceramic-on-Ceramic
The different end uses of the product include:
- Orthopaedic Clinics
- Hospitals and Surgery Centres
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand in Orthopaedic Clinics to Bolster the Market for Hip Replacement Implants
The rising application of hip replacement implants in orthopaedic clinics owing to the increasing cases of osteoarthritis, rheumatoid arthritis, osteonecrosis, fractures, and bone tumours, among others is driving the global market for hip replacement implants. In addition to this, the growing awareness regarding advanced treatment options among the patients suffering from osteoarthritis or inflammatory arthritis is likely to provide a further impetus to the market. Moreover, the development of non-invasive surgical procedures, which can effectively replace conventional procedures and associated problems, is likely to augment the market in the forecast period.
Key Industry Players in the Global Hip Replacement Implants Market
The report gives a detailed analysis of the following key players in the global hip replacement implants market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Zimmer Biomet Holdings, Inc.
- Stryker Corporation
- Smith & Nephew plc
- MicroPort Scientific Corporation
- Exactech, Inc.
- B. Braun Melsungen AG
- DJO, LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Hip Replacement Implant Market Overview
3.1 Global Hip Replacement Implant Market Historical Value (2017-2023)
3.2 Global Hip Replacement Implant Market Forecast Value (2024-2032)
4 Global Hip Replacement Implant Market Landscape
4.1 Global Hip Replacement Implant Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Hip Replacement Implant Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Component
4.2.3 Analysis by Application
4.2.4 Analysis by End User
5 Global Hip Replacement Implant Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Hip Replacement Implant Market Segmentation
6.1 Global Hip Replacement Implants Market by Product
6.1.1 Market Overview
6.1.2 Total Hip Replacement
6.1.3 Partial Femoral Head
6.1.4 Hip Resurfacing
6.1.5 Revision Hip
6.2 Global Hip Replacement Implants Market by Component
6.2.1 Market Overview
6.2.2 Ace Tabular Cup Systems
6.2.3 Hip Stem Systems
6.2.4 Revision Accessories and Components
6.3 Global Hip Replacement Implants Market by Application
6.3.1 Market Overview
6.3.2 Metal-on-Metal
6.3.3 Metal-on-Polyethylene
6.3.4 Ceramic-on-Polyethylene
6.3.5 Ceramic-on-Metal
6.3.6 Ceramic-on-Ceramic
6.4 Global Hip Replacement Implants Market by End User
6.4.1 Market Overview
6.4.2 Orthopedic Clinics
6.4.3 Hospitals and Surgery Centres
6.4.4 Others
6.5 Global Hip Replacement Implant Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Hip Replacement Implant Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Hip Replacement Implant Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Hip Replacement Implant Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Hip Replacement Implant Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Hip Replacement Implant Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Zimmer Biomet Holdings, Inc.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Stryker Corporation
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Smith & Nephew plc
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 MicroPort Scientific Corporation
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Exactech, Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 B. Braun Melsungen AG
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 DJO, LLC
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Smith & Nephew plc
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 OMNIlife Science, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Aesculap Implant Systems, LLC
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 ConMed Corporation
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
18 Global Hip Replacement Implant Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The hip replacement implants market was valued at USD 7.64 billion in 2023.
The market is expected to grow at a CAGR of 5.2% during the forecast period of 2024-2032 to reach a value of USD 12.05 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising cases of osteoarthritis, growing geriatric population, growing medical sector, and favourable reimbursement policies introduced by the government.
The growing demand for minimally invasive surgical procedures is expected to be a key trend guiding the growth of the industry.
Total hip replacement, partial femoral head, hip resurfacing, and revision hip are the major products included in the market report.
Ace tabular cup systems, hip stem systems, and revision accessories and components are the significant segments based on component.
Metal-on-metal, metal-on-polyethylene, ceramic-on-polyethylene, ceramic-on-metal, and ceramic-on-ceramic are the different applications of hip replacement implants.
Orthopaedic clinics, hospitals and surgery centres, and others are the significant end uses of the product.
The major players in the industry are Zimmer Biomet Holdings, Inc., Stryker Corporation, Smith & Nephew plc, MicroPort Scientific Corporation, Exactech, Inc., B. Braun Melsungen AG, and DJO, LLC, among others.
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