Hip Replacement Implants Market Share Analysis Report, 2023-2032
The global Hip Replacement Implants market size was exhibited at USD 7.47 billion in 2022 and is projected to hit around USD 11.93 billion by 2032, growing at a CAGR of 4.8% during the forecast period 2023 to 2032.
Rapid development of surgery procedures has fueled the demand for hip replacement implants. New implant types and material combinations for better stability and lifespan also contribute to the growth of the global hip replacement implants market.
Hip replacement, also known as hip arthroplasty, is a surgery, which replaces the injured hip joint with a prosthetic implant known as hip implant. A number of patients receive hip replacements, while suffering from arthritis, the primary cause of pain & inflammation, and other conditions. Moreover, hip fracture and wear & tear of the same are the key factors for the hip replacement surgery. Hip replacement enables patients to regain mobility and relief from joint pain.
Hip replacement is the most common joint replacement procedure in the U.S., with over 300,000 surgeries performed every year according to the American Academy of Orthopaedic Surgeons. In 2018, around 100,000 people underwent total hip replacement surgery in the U.K. Approximately, 300,000 hip replacement surgeries were performed in China in 2018.
Hip Replacement Implants Market Report Scope
|
Report Coverage |
Details |
|
Market Size in 2023 |
USD 7.83 Billion |
|
Market Size by 2032 |
USD 11.93 Billion |
|
Growth Rate From 2023 to 2032 |
CAGR of 4.8% |
|
Base Year |
2022 |
|
Forecast Period |
2023 to 2032 |
|
Segments Covered |
Product, Material, End User |
|
Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
|
Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
|
Key Companies Profiled |
Stryker, Zimmer Biomet, DePuy Synthes Companies (Johnson & Johnson),Smith & Nephew, Wright Medical Group, MicroPort Scientific Corporation, Exactech, Inc., OMNIlife science, Inc., B. Braun Melsungen AG, DJO Global, Inc. |
Rising Adoption of Hip Implants Driving Global Hip Replacement Implants Market
Hip implants are medical devices designed to recover mobility and ease pain normally associated with arthritis and other hip diseases or injuries. Most people suffering from severe hip pain and inflammation caused by arthritis prefer hip replacement implants. Each hip implant practice has distinct device designs such as size, shape, and material, and dimensions. On the other hand, the same hip implant practice may have diverse outcomes in different patients. Various factors may influence the result and durability of a hip implant, including device design features, surgeon experience and implantation technique, and individual patient characteristics such as age, sex, weight, activity level, and the overall health. Hip replacements help millions of people retrieve mobility and find comfort from joint pain; however, the hip replacement surgery is followed by some risk and requires months of recovery. Nevertheless, technological advancements have led to the development of customized hip replacement implants and risk-free surgeries, helping to boost the global hip replacement implants market during the forecast period.
The total hip arthroplasty is presently the international standard of care for the degenerative hip joint disease. Although national registries have been established in selected European countries, Australia, and New Zealand, some international studies have been conducted examining the historical utilization of initial and revision joint arthroplasty. The studies also establish wide variations in per capita medical technology investments among European countries as compared with the U.S. However, North America presently dominates the global share of hip replacement implants with nearly double in Europe. Moreover, the hip replacement implants market in Asia Pacific is expected to grow at a rapid pace during the forecast period, owing to rise in hip replacement surgeries, rapid adoption of hip implants, and high economic growth in various developing countries,
COVID-19 Crisis Leads to Cancellation, Postponement of Surgeries
The ongoing COVID-19 pandemic has severely impacted the healthcare industry with a disrupted supply chain, ranging from raw materials to manufacturing and delivery. There is a massive disturbance in the elective arthroplasty practice in various major countries that, to date, have not been quantified. The response varied across the world in the timing and severity of public health measures performed to hold the disease spread. Major turning points in the practice of hip replacements occurred when the World Health Organization declared COVID-19 a worldwide pandemic on March 10, 2020, followed by the Surgeon Generals of various nations recommending cancellation of all elective surgeries in the populated regions and further suggested by several local medical authorities. The cancellation of hip replacement surgeries to control the coronavirus spread has had significant effects on hip and knee arthroplasty volume across the world, hampering the global demand, thereby affecting the hip replacement implants market. In the U.S. alone, up to 33,000 revision and primary hip and knee arthroplasty procedures were canceled weekly when the virus spread reached its peak. Similar figures were encountered across various developed and developing countries, which forced surgeons to focus on COVID-19 related surgeries and practices.
In this crisis, the healthcare sector was ill-prepared to manage a public health emergency. In terms of regulations, technology, risk control, manufacturing, procurement, or supply chain management, the existing state of affairs indicated that certain replacement activities were not stringent enough. Despite the limitations to date in measuring the effects of COVID-19 on hip replacement volumes, the outcomes of surgery cancellations have had notable lasting adverse consequences for patients, surgeons, and the healthcare system. Nevertheless, with the rapidly increasing vaccination drives across the world and developments in the drugs for COVID-related disorder, the global pandemic seems to come to its final phase, and it is expected that the end of 2021 might be the restart for several industries, including the hip replacement implants market.
Numerous Pain Relieving Factors Lead to Hip Replacement Implants
A hip replacement implant is a very common surgery that serves to reduce pain and rigidity in the hip joint. The total hip replacement is categorized into four segments, namely, primary hip reconstruction, partial hip reconstruction, hip resurfacing, and revision hip implants. Furthermore, total hip replacement implants are classified into fixed-bearing hip implants and mobile-bearing total hip implants. Hip replacement is mostly performed due to fracture or injury to the hip, or osteoarthritis. In addition to people with osteoarthritis or hip injuries, individuals with rheumatoid arthritis, osteonecrosis, or bone tumors also may need hip replacements to relieve pain.
Hip Replacement Implants: Market Segmentation
The global hip replacement implants market has been segmented based on product, material, end user, and region
In terms of product, the global hip replacement implants market has been classified into total hip replacement implants, partial hip replacement implants, hip resurfacing implants, and revision hip replacement implants. The total hip replacement implants segment has been bifurcated into fixed bearing hip implant and mobile bearing hip implant. Increase in incidence of osteoarthritis, rheumatoid arthritis, and other musculoskeletal conditions is projected to boost the growth of the global hip replacement implants market during the forecast period.
Based on material, the global hip replacement implants market has been categorized into metal-on-metal, metal-on-polyethylene, ceramic-on-metal, ceramic-on-polyethylene, and ceramic-on-ceramic. The metal-on-polyethylene segment accounted for a major share of the global market in 2020, owing to rise in prevalence of joint diseases in developing countries and increase in geriatric population. Various material combinations and innovation in metal-on-polyethylene materials are transforming the market rapidly.
In terms of end user, the global hip replacement implants market has been divided into hospitals, ambulatory surgery centers, orthopedic clinics, and others. The hospitals segment accounted for a significant market share in 2020 attributable to increase in awareness about health and availability of various facilities in hospitals for hip replacement surgery.
Hip Replacement Implants Market: Regional Segmentation
In terms of region, the global hip replacement implants market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America dominated the global hip replacement implants market in 2020. This can be ascribed to rapid technological advancements, high geriatric population, and stability in product pricing and reimbursement procedures. Presently, North America has the highest rate of implant procedures, nearly double of that in Europe.
The market in Asia Pacific is likely to grow at a rapid pace during the forecast period. Rise in hip replacement surgeries, rapid adoption of hip implants, and high economic growth of countries such as China, India, Singapore, Malaysia, Indonesia, and South Korea are projected to propel the market in Asia Pacific during the forecast period. Improving healthcare infrastructure, rise in private and public investment in public healthcare, and technological advancements in countries are anticipated to drive the hip replacement implants market in the region from 2023 to 2032.
Some of the prominent players in the Hip Replacement Implants Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Hip Replacement Implants market.
By Product
By Material
By End User
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Hip Replacement Implants Market, By Product
7.1. Hip Replacement Implants Market, by Product, 2023-2032
7.1.1. Total Hip Replacement Implants
7.1.1.1. Market Revenue and Forecast (2020-2032)
7.1.2. Partial Hip Replacement Implants
7.1.2.1. Market Revenue and Forecast (2020-2032)
7.1.3. Hip Resurfacing Implants
7.1.3.1. Market Revenue and Forecast (2020-2032)
7.1.4. Revision Hip Replacement Implants
7.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 8. Global Hip Replacement Implants Market, By Material
8.1. Hip Replacement Implants Market, by Material, 2023-2032
8.1.1. Metal-on-metal
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Metal-on-polyethylene
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Ceramic-on-metal
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Ceramic-on-polyethylene
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Ceramic-on-ceramic
8.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Hip Replacement Implants Market, By End User
9.1. Hip Replacement Implants Market, by End User, 2023-2032
9.1.1. Hospitals
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Ambulatory Surgery Centers
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Orthopedic Clinics
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10.Global Hip Replacement Implants Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.1.2. Market Revenue and Forecast, by Coating (2020-2032)
10.1.3. Market Revenue and Forecast, by Technology (2020-2032)
10.1.4. Market Revenue and Forecast, by Texture (2020-2032)
10.1.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.1.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.1.7. U.S.
10.1.7.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.1.7.2. Market Revenue and Forecast, by Coating (2020-2032)
10.1.7.3. Market Revenue and Forecast, by Technology (2020-2032)
10.1.7.4. Market Revenue and Forecast, by Texture (2020-2032)
10.1.8. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.1.8.1. Market Revenue and Forecast, by Raw Material (2020-2032)
10.1.9. Rest of North America
10.1.9.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.1.9.2. Market Revenue and Forecast, by Coating (2020-2032)
10.1.9.3. Market Revenue and Forecast, by Technology (2020-2032)
10.1.9.4. Market Revenue and Forecast, by Texture (2020-2032)
10.1.10. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.1.11. Market Revenue and Forecast, by Raw Material (2020-2032)
10.1.11.1.
10.2. Europe
10.2.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.2.2. Market Revenue and Forecast, by Coating (2020-2032)
10.2.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.4. Market Revenue and Forecast, by Texture (2020-2032)
10.2.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.2.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.2.7.
10.2.8. UK
10.2.8.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.2.8.2. Market Revenue and Forecast, by Coating (2020-2032)
10.2.8.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.9. Market Revenue and Forecast, by Texture (2020-2032)
10.2.10. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.2.10.1. Market Revenue and Forecast, by Raw Material (2020-2032)
10.2.11. Germany
10.2.11.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.2.11.2. Market Revenue and Forecast, by Coating (2020-2032)
10.2.11.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.12. Market Revenue and Forecast, by Texture (2020-2032)
10.2.13. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.2.14. Market Revenue and Forecast, by Raw Material (2020-2032)
10.2.14.1.
10.2.15. France
10.2.15.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.2.15.2. Market Revenue and Forecast, by Coating (2020-2032)
10.2.15.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.15.4. Market Revenue and Forecast, by Texture (2020-2032)
10.2.16. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.2.16.1. Market Revenue and Forecast, by Raw Material (2020-2032)
10.2.17. Rest of Europe
10.2.17.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.2.17.2. Market Revenue and Forecast, by Coating (2020-2032)
10.2.17.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.17.4. Market Revenue and Forecast, by Texture (2020-2032)
10.2.18. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.2.18.1. Market Revenue and Forecast, by Raw Material (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.3.2. Market Revenue and Forecast, by Coating (2020-2032)
10.3.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.4. Market Revenue and Forecast, by Texture (2020-2032)
10.3.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.3.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.3.7. India
10.3.7.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.3.7.2. Market Revenue and Forecast, by Coating (2020-2032)
10.3.7.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.7.4. Market Revenue and Forecast, by Texture (2020-2032)
10.3.8. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.3.9. Market Revenue and Forecast, by Raw Material (2020-2032)
10.3.10. China
10.3.10.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.3.10.2. Market Revenue and Forecast, by Coating (2020-2032)
10.3.10.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.10.4. Market Revenue and Forecast, by Texture (2020-2032)
10.3.11. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.3.11.1. Market Revenue and Forecast, by Raw Material (2020-2032)
10.3.12. Japan
10.3.12.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.3.12.2. Market Revenue and Forecast, by Coating (2020-2032)
10.3.12.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.12.4. Market Revenue and Forecast, by Texture (2020-2032)
10.3.12.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.3.12.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.3.13. Rest of APAC
10.3.13.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.3.13.2. Market Revenue and Forecast, by Coating (2020-2032)
10.3.13.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.13.4. Market Revenue and Forecast, by Texture (2020-2032)
10.3.13.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.3.13.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.4.2. Market Revenue and Forecast, by Coating (2020-2032)
10.4.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.4. Market Revenue and Forecast, by Texture (2020-2032)
10.4.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.4.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.4.7. GCC
10.4.7.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.4.7.2. Market Revenue and Forecast, by Coating (2020-2032)
10.4.7.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.7.4. Market Revenue and Forecast, by Texture (2020-2032)
10.4.8. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.4.9. Market Revenue and Forecast, by Raw Material (2020-2032)
10.4.10. North Africa
10.4.10.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.4.10.2. Market Revenue and Forecast, by Coating (2020-2032)
10.4.10.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.10.4. Market Revenue and Forecast, by Texture (2020-2032)
10.4.11. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.4.12. Market Revenue and Forecast, by Raw Material (2020-2032)
10.4.13. South Africa
10.4.13.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.4.13.2. Market Revenue and Forecast, by Coating (2020-2032)
10.4.13.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.13.4. Market Revenue and Forecast, by Texture (2020-2032)
10.4.13.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.4.13.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.4.14. Rest of MEA
10.4.14.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.4.14.2. Market Revenue and Forecast, by Coating (2020-2032)
10.4.14.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.14.4. Market Revenue and Forecast, by Texture (2020-2032)
10.4.14.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.4.14.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.5.2. Market Revenue and Forecast, by Coating (2020-2032)
10.5.3. Market Revenue and Forecast, by Technology (2020-2032)
10.5.4. Market Revenue and Forecast, by Texture (2020-2032)
10.5.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.5.6. Market Revenue and Forecast, by Raw Material (2020-2032)
10.5.7. Brazil
10.5.7.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.5.7.2. Market Revenue and Forecast, by Coating (2020-2032)
10.5.7.3. Market Revenue and Forecast, by Technology (2020-2032)
10.5.7.4. Market Revenue and Forecast, by Texture (2020-2032)
10.5.8. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.5.8.1. Market Revenue and Forecast, by Raw Material (2020-2032)
10.5.9. Rest of LATAM
10.5.9.1. Market Revenue and Forecast, by Vehicle (2020-2032)
10.5.9.2. Market Revenue and Forecast, by Coating (2020-2032)
10.5.9.3. Market Revenue and Forecast, by Technology (2020-2032)
10.5.9.4. Market Revenue and Forecast, by Texture (2020-2032)
10.5.9.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)
10.5.9.6. Market Revenue and Forecast, by Raw Material (2020-2032)
Chapter 11. Company Profiles
11.1. Stryker
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Zimmer Biomet
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. DePuy Synthes Companies (Johnson & Johnson)
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Smith & Nephew
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Wright Medical Group
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. MicroPort Scientific Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Exactech, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. OMNIlife science, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. B. Braun Melsungen AG
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. DJO Global, Inc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers