Hip Replacement Market Growth Drivers and Challenges:
Growth Drivers
- Growing Geriatric Population - With ageing, the body might alter, which can also affect the health. One part of the body where changes can occur over time and cause chronic pain and even disability is the hips. Hence owing to this factor the hip replacement market is expected to grow over the forecast period. According to the National Institutes of Health, Over the next three decades, the number of Americans aged 65 and older is expected to nearly double, rising from 48 million to 88 million by 2050.
- Growth in Spending over Healthcare - The study demonstrated by World Health Organization shows that between 2000 and 2018, global health spending increased steadily, reaching USD 8.3 trillion, or 10% of global GDP.
- Growing Prevalence of Rheumatoid Arthritis - The most prevalent type of autoimmune arthritis is RA. More than 1 million Americans are impacted by it.
- Increase in Number of Hip Fracture - Each year, approximately 76,000 hip fractures occur in the United Kingdom.
- Rise in Number of Individuals Suffering from Degenerative Diseases - According to the World Health Organization, almost 10 million new cases of dementia are diagnosed each year, and there are already over 55 million people living with the condition worldwide.
Challenges
- Side Effects of Replacement Surgeries - Owing to the device defects people are expected to suffer various side effects including allergic reactions, metal poisoning, infection, bone lose, and more. Hence owing to this factor the market is expected to be retrained during the forecast period.
- High Price of the Procedure
- Stringent Government Regulation
Hip Replacement Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
4.9% |
|
Base Year Market Size (2025) |
USD 7.9 billion |
|
Forecast Year Market Size (2035) |
USD 12.75 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of hip replacement is evaluated at USD 8.25 billion.
The global hip replacement market size exceeded USD 7.9 billion in 2025 and is set to expand at a CAGR of over 4.9%, surpassing USD 12.75 billion revenue by 2035.
The North America hip replacement market will secure around 44.6% share by 2035, attributed to the rising number of hip surgeries and increased healthcare spending.
Key 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.
