Hip Replacement Market is estimated to be valued at USD 7.8 Bn in 2025 and is expected to reach USD 11.35 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.

Hip replacement is a surgical procedure in which the hip joint is replaced with an artificial prosthesis. The procedure is called hip arthroplasty. Surgery is usually performed to relieve joint pain (arthritis) or to treat physical damage to the  hip joint  and hip fractures. Hip replacement surgery can be performed as  total  or partial surgery. Total hip replacement is performed by replacing the damaged bone and cartilage with artificial prostheses, such as the hip stem system, acetabular cup system, and so on. Hip replacement surgery can be performed as  total  or partial surgery. The increasing prevalence of musculoskeletal disorders is expected to drive the growth of the global hip replacement market during the forecast period. Additionally, factors such as increasing number of knee arthroplasties, incidence of hip fractures in the elderly population, and increasing number of accidents are expected to influence the market growth during the forecast period.

Market Dynamics

The global hip replacement market trends, development, and marketing channels are analyzed. The global hip replacement market is expected to expand in near future and this can be attributed to the evolving techniques for hip replacement surgeries. For instance, on September 4, 2022, an article published by National Centre for Biotechnology Information (NCBI) states modern total hip arthroplasty techniques have evolved into compression-fit femoral and acetabular components. In general, femoral stems can be classified into compressed, proximally sheathed, distally tapered (double or single taper in the medial-lateral and/or antero-posterior plane).  A compressed, widely covered, diaphyseal attachment  Compression, Modular Arms Modularity connection options include Head-Neck, Neck-Arm, Sleeve and Mid-Arm Cemented Femoral Stems Cobalt chrome stems are the preferred material for cementation

Key features of the study

• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new drug launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global hip replacement market based on the following parameters – company overview, financial performance, drugs portfolio, market presence, distribution strategies, key developments, strategies, and future plans.
• Key companies covered as a part of this study include Depuy Synthes (Johnson & Johnson), Microport Scientific Corporation, Zimmer Biomet Company Highlights, Exactech Inc, DJO Global Inc, Stryker Corporation, B. Braun Melsungen, Smith & Nephew.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future drug launches, drug class up-grades, market expansion, and marketing tactics.
• The global hip replacement market report caters to various stakeholders in this industry including investors, suppliers, drugs manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global hip replacement market.

Market Segmentation

• Global Hip Replacement Market, By Product Type
  • Total Hip Replacement Implant
  • Partial Hip Replacement Implant
  • Hip Resurfacing
  • Revision Hip Implant
• Global Hip Replacement Market, By Components
  • Hip stem system
  • Acetabular cup system
  • Revision Accessories and components
• Global Hip Replacement Market, By End User
  • Hospitals
  • Orthopedic clinics
  • Ambulatory surgical centres
• Global Hip Replacement Market, By Region
  • North America
    
    • U.S.
    • Canada
  • Latin America
    
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    
    • South Africa
    • Central Africa
    • North Africa
• Key Players Insights
• • Depuy Synthes (Johnson & Johnson)
  • Microport Scientific Corporation
  • Zimmer Biomet Company Highlights
  • Exactech Inc.
  • DJO Global Inc.
  • Stryker Corporation
  • Braun Melsungen
  • Smith & Nephew