Hip Replacement Market Analysis

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:

By Product	Total Hip Replacement Partial Hip Replacement Revision Hip Replacement Hip Resurfacing
By Material	Metal-On-Metal Metal-On-Polyethylene Ceramic-On-Polyethylene Ceramic-On-Metal Ceramic-On-Ceramic
By End - User	Hospitals Orthopedic Clinics Ambulatory Surgery Center

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of hip replacement is estimated at USD 8.31 billion.

The hip replacement market size was valued at USD 7.92 billion in 2024 and is likely to cross USD 17.27 billion by the end of 2037, registering more than 6.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by growing geriatric population, growth in spending over healthcare, growing prevalence of rheumatoid arthritis, and others.

North America industry is projected to dominate majority revenue share by 2037, owing to rising number of hip arthroplasty, high expenditure on health expenditure, growth in healthcare sector, increasing disposable income and other factors in the region.

The major players in the market include Zimmer Biomet, 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.

Hip Replacement Market Analysis