Hip Replacement Market Size

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

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 Size