HIP Replacement Devices Market Size worth $6,043.68 Million by 2032 | CAGR: 2.50%

The global HIP Replacement Devices Market is expected to grow at growth rate of 2.50% to reach USD 6,043.68 Million by 2032.

Hip replacement devices are medical implants used to replace damaged or arthritic hip joints, typically involving both the femoral head and the acetabulum. As the global population ages, the demand for hip replacement surgeries is steadily increasing. In the United States alone, more than 300,000 procedures are performed annually, according to the Centers for Disease Control and Prevention (CDC). This surge is largely driven by a rise in hip osteoarthritis, traumatic injuries, and lifestyle-related joint conditions. Technological advancements are significantly contributing to the growth of the hip replacement market. Innovations such as ceramic-on-ceramic, metal-on-metal, and polyethylene-bearing surfaces have enhanced implant durability, minimized wear, and improved long-term outcomes. Additionally, personalized implant designs and computer-assisted surgical tools are enabling more accurate and minimally invasive procedures, improving recovery times and patient satisfaction.

Despite these improvements, the market still faces notable challenges. High costs associated with surgery and implants, along with risks of implant failure and postoperative infections, can deter patients—particularly in areas with limited healthcare access. In emerging markets, affordability and underdeveloped healthcare infrastructure further hinder the widespread adoption of these procedures. Nonetheless, the market holds significant growth potential. The increasing adoption of minimally invasive techniques and the expanding elderly population in developed countries are creating new opportunities. In response, manufacturers are investing in next-generation implants with enhanced biocompatibility and longevity, aiming to reduce the need for revision surgeries and improve patient outcomes. These developments are poised to shape the future landscape of the hip replacement devices market.

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The hip replacement devices market is experiencing robust growth, driven by an aging global population and rapid technological advancements. In the United States, more than 300,000 hip replacement surgeries are performed annually—a number expected to rise as the population continues to age, according to the Centers for Disease Control and Prevention (CDC). Globally, the World Health Organization (WHO) projects that the number of people aged 60 and older will reach over 2.1 billion by 2050, doubling from current levels. This demographic shift is leading to a growing prevalence of hip osteoarthritis, fractures, and other degenerative joint conditions, fueling demand for hip implants. Innovation in materials and surgical techniques is further accelerating market growth. Advanced implant options such as ceramic-on-ceramic and metal-on-polyethylene bearings offer greater durability and reduced wear, while robotic-assisted and computer-navigated surgeries are improving implant placement precision and patient recovery outcomes. These developments are particularly appealing to younger, more active patients who require longer-lasting solutions.

Government support and healthcare policy changes are also expanding access to hip replacement procedures. In the United States, hip replacements are covered under both inpatient and outpatient benefits through the Centers for Medicare & Medicaid Services (CMS), making them more accessible to older adults. In emerging markets, programs such as India’s Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), managed by the National Health Authority (NHA), provide financial coverage for economically disadvantaged populations, boosting demand for hip implants in those regions. Additionally, the rise of medical tourism in countries such as India, Thailand, and Mexico—where patients can access high-quality orthopedic care at lower costs—is drawing international patients and contributing to global market growth. As healthcare infrastructure and insurance coverage continue to improve, particularly in developing economies, the hip replacement devices market is expected to expand steadily, offering strong growth prospects for both established manufacturers and new market entrants.

KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

The hip replacement devices market is highly competitive, with both established leaders and emerging innovators striving to improve surgical outcomes through cutting-edge technology and product development. Dominant players such as Zimmer Biomet, DePuy Synthes (a Johnson & Johnson company), and Stryker Corporation continue to lead the market, leveraging their comprehensive product portfolios and extensive global distribution capabilities. Zimmer Biomet has advanced its position through its ROSA robotic platform, including the ROSA Hip system, which enhances surgical accuracy and has been adopted in over 300 clinical settings since 2020. Stryker’s Mako SmartRobotics platform remains a market standout, offering robotic-arm-assisted technology that delivers improved implant alignment and protects soft tissues, helping to redefine modern joint replacement procedures.

Smith & Nephew, despite facing recent operational hurdles, remains focused on innovation. Its OR3O Dual Mobility System, launched in India in 2023, is engineered to improve implant stability and mobility, addressing growing demand in emerging markets. Similarly, Exactech, Inc. is expanding its footprint with the rollout of its Spartan Stem and Logical Cup system—technologies that have gained traction in hip surgeries since 2022. Emerging players are also making waves. Hip Innovation Technology (HIT) is challenging conventional approaches with its Reverse Hip Replacement System, introduced at the 2024 American Academy of Orthopaedic Surgeons (AAOS) meeting. Designed for complex cases, this system offers an alternative to traditional hip replacement methods. The competitive landscape is further evolving with the growing adoption of robotic-assisted surgery, attracting new entrants such as Globus Medical and Medtronic, which are expanding into orthopedic robotics.

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL HIP REPLACEMENT DEVICES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

• Aesculap (B. Braun)
• B. Braun Melsungen
• Corin Group
• DJO Global
• Exactech
• FH Ortho
• Johnson & Johnson (DePuy Synthes)
• LimaCorporate
• Medtronic
• MicroPort Scientific Corporation
• Osaka Medical Co., Ltd.
• Smith & Nephew
• Stryker Corporation
• Waldemar LINK GmbH & Co. KG
• Wright Medical Group
• Zimmer Biomet
• Others

GLOBAL HIP REPLACEMENT DEVICES MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032

• Total Hip Replacement (THR)
• Partial Hip Replacement (PHR)
• Hip Resurfacing Implants
• Hybrid Hip Implants

GLOBAL HIP REPLACEMENT DEVICES MARKET, BY MATERIAL- MARKET ANALYSIS, 2019 - 2032

• Metal
• Ceramic
• Polymer
• Composite Materials

GLOBAL HIP REPLACEMENT DEVICES MARKET, BY FIXATION TYPE- MARKET ANALYSIS, 2019 - 2032

• Cemented Fixation
• Cementless Fixation
• Hybrid Fixation

GLOBAL HIP REPLACEMENT DEVICES MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032

• Hospitals
• Orthopedic Centers
• Ambulatory Surgical Centers

GLOBAL HIP REPLACEMENT DEVICES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain
• The Netherlands
• Sweden
• Russia
• Poland
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Thailand
• Philippines
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of LATAM

The Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Turkey
• Algeria
• Egypt
• Rest of MEA