Hip Replacement Implants Market Report: Trends, Forecast and Competitive Analysis to 2030

Hip Replacement Implants Trends and Forecast

The future of the global hip replacement implants market looks promising with opportunities in the orthopedic clinic and hospitals & surgery center markets. The global hip replacement implants market is expected to reach an estimated $8.7 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are the aging demographic, growing cases of hip fractures, and rising demand for hip replacement procedures.

A more than 150-page report is developed to help in your business decisions.

Hip Replacement Implants by Segment

The study includes a forecast for the global hip replacement implants by product, material, end use, and region.

Hip Replacement Implants Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Total Hip
• Partial Femoral Head
• Hip Resurfacing
• Revision Hip

Hip Replacement Implants Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Metal-On-Metal
• Metal-On-Polyethylene
• Ceramic-On-Polyethylene
• Ceramic-On-Metal
• Ceramic-On-Ceramic

Hip Replacement Implants Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Orthopedic Clinics
• Hospitals & Surgery Centers
• Others

Hip Replacement Implants Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hip Replacement Implants Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hip replacement implants companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hip replacement implants companies profiled in this report include-

• Zimmer Biomet
• Johnson & Johnson
• Stryker Corporation
• Smith & Nephew
• MicroPort Scientific Corporation
• Exactech
• OMNIlife Science
• B. Braun Melsungen
• DJO Global
• Aesculap Implant Systems

Hip Replacement Implants Market Insights

Lucintel forecasts that total hip is expected to witness the highest growth over the forecast period due to rising demand for total hip replacement implants across the globe.

Within this market, hospitals & surgery centers will remain the largest segment due to the increase in hip implant surgeries performed in these facilities.

North America will remain the largest region over the forecast period due to the increasing demand for hip implant surgeries in the region.

Features of the Global Hip Replacement Implants Market

Market Size Estimates: Hip replacement implants market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hip replacement implants market size by product, material, end use, and region in terms of value ($B).

Regional Analysis: Hip replacement implants market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, materials, end uses, and regions for the hip replacement implants market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hip replacement implants market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the hip replacement implants market size?

Answer: The global hip replacement implants market is expected to reach an estimated $8.7 billion by 2030.

Q2. What is the growth forecast for hip replacement implants market?

Answer: The global hip replacement implants market is expected to grow with a CAGR of 6.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the hip replacement implants market?

Answer: The major drivers for this market are the aging demographic, growing cases of hip fractures, and rising demand for hip replacement procedures.

Q4. What are the major segments for hip replacement implants market?

Answer: The future of the hip replacement implants market looks promising with opportunities in the orthopedic clinic and hospitals & surgery center markets.

Q5. Who are the key hip replacement implants market companies?

Answer: Some of the key hip replacement implants companies are as follows:

• Zimmer Biomet
• Johnson & Johnson
• Stryker Corporation
• Smith & Nephew
• MicroPort Scientific Corporation
• Exactech
• OMNIlife Science
• B. Braun Melsungen
• DJO Global
• Aesculap Implant Systems

Q6. Which hip replacement implants market segment will be the largest in future?

Answer: Lucintel forecasts that total hip is expected to witness the highest growth over the forecast period due to rising demand for total hip replacement implants across the globe.

Q7. In hip replacement implants market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the increasing demand for hip implant surgeries in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the hip replacement implants market by product (total hip, partial femoral head, hip resurfacing, and revision hip), material (metal-on-metal, metal-on-polyethylene, ceramic-on-polyethylene, ceramic-on-metal, and ceramic-on-ceramic), end use (orthopedic clinics, hospitals & surgery centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?