Hip Replacement Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Hip Replacement Market in 2025 is estimated at USD 8.33 billion. The global Market size crossed USD 7.92 billion in 2024 and is likely to register a CAGR of over 6.5%, exceeding USD 17.96 billion revenue by 2037. North America is expected to surpass majority share by 2037, driven by rising number of hip surgeries and increased healthcare spending.
The growth can be attributed to rising prevalence of osteoarthritis in the population owing to any kind of accident, mishap or injury. Despite the existence of more than 100 different kinds of arthritis, osteoarthritis (OA), which affects approximate 30 million US adults, is the most widespread variety.
Also there has been growing incidence of hip injuries owing to the number of accidents taking place including road accidents and sport injuries. As a result, the hip replacement surgeries is expected to considerably grow in the forecast period. Approximate, 1200 road crashes take place every day in India. Also the Journal of the American Academy of Orthopaedic Surgeons reports that athletic hip injuries make up around 6% of all sports injuries and are becoming more common.
Hip Replacement System Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Geriatric Population - With ageing, the body might alter, which can also affect the health. One part of the body where changes can occur over time and cause chronic pain and even disability is the hips. Hence owing to this factor the hip replacement market is expected to grow over the forecast period. According to the National Institutes of Health, Over the next three decades, the number of Americans aged 65 and older is expected to nearly double, rising from 48 million to 88 million by 2050.
- Growth in Spending over Healthcare - The study demonstrated by World Health Organization shows that between 2000 and 2018, global health spending increased steadily, reaching USD 8.3 trillion, or 10% of global GDP.
- Growing Prevalence of Rheumatoid Arthritis - The most prevalent type of autoimmune arthritis is RA. More than 1 million Americans are impacted by it.
- Increase in Number of Hip Fracture - Each year, approximately 76,000 hip fractures occur in the United Kingdom.
- Rise in Number of Individuals Suffering from Degenerative Diseases - According to the World Health Organization, almost 10 million new cases of dementia are diagnosed each year, and there are already over 55 million people living with the condition worldwide.
Challenges
- Side Effects of Replacement Surgeries - Owing to the device defects people are expected to suffer various side effects including allergic reactions, metal poisoning, infection, bone lose, and more. Hence owing to this factor the market is expected to be retrained during the forecast period.
- High Price of the Procedure
- Stringent Government Regulation
Hip Replacement Market: Key Insights
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.5% |
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Base Year Market Size (2024) |
USD 7.92 billion |
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Forecast Year Market Size (2037) |
USD 17.96 billion |
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Regional Scope |
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Hip Replacement Devices System Segmentation
End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers)
The global hip replacement market is segmented and analyzed for demand and supply by end user into hospitals, orthopedic clinics, and ambulatory surgery centers. Out of which, the orthopedic clinics segment is estimated to garner the largest revenue by the end of 2037, backed by increasing orthopedic surgeons, rising number of hospitals, people suffering from leg problems and other factors. According to the National Library of Medicine, the number of distinct orthopedic surgeons increased from 21,216 in 2012 to 21,553 in 2020, a 1.6% rise, over those years.
Our in-depth analysis of the global market includes the following segments:
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By Product |
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By Material |
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By End - User |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Hip Replacement Devices System Industry - Regional Synopsis
North America Market Forecast
The North America hip replacement market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, owing to rising number of hip arthroplasty, high expenditure on health expenditure, growth in healthcare sector, increasing disposable income and other factors. A total of almost 2.4 million hip and knee surgeries—representing an 18.3% increase in total procedural volume compared to that in 2020—were reported in the yearly report from more than 1150 facilities. This equates to a 40% capture rate of the entire annual volume of total joint arthroplasty (TJA) performed in the United States.
Companies Dominating the Hip Replacement Devices System Landscape
- Zimmer Biomet
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Johnson & Johnson Private Limited
- Stryker Corporation
- Smith & Nephew
- B. Braun SE
- Wright Medical Group N.V.
- Corin Group
- Exactech, Inc.
- DJO LLC
- Waldemar Link GmbH & Co. KG
Recent Developments
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Navbit, an Australian startup, and Johnson & Johnson Private Limited have announced a strategic partnership to advance smartphone-inspired technology in hip replacement surgery.
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At the American Academy of Orthopedic Surgeons (AAOS) 2022 Annual Meeting in Chicago, Stryker Corporation’s Joint Replacement Division introduced the Insignia Hip Stem, which was designed to optimize patient fit and surgeon ease of implantation in muscle-sparing approaches for total hip and hemiarthroplasty procedures.
- Report ID: 4440
- Published Date: May 08, 2025
- Report Format: PDF, PPT
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