Hip Replacement Market Set for 4% CAGR Growth, Hitting $8.6 Billion by 2031 

Allied Market Research has recently published its latest research study titled ‘Global Hip Replacement Market Outlook and Forecast 2021-2031.’ This comprehensive report conducts a thorough analysis of market risks, identifies promising opportunities, and offers valuable insights to support strategic and tactical decision-making from 2021 to 2031. The study divides the market into key regions that are driving its growth. Within the report, you’ll find information on market research and development, factors contributing to growth, and the evolving investment landscape of the Global Hip Replacement Market. Notable players featured in the study include Colfax Inc, Corin Group PLC, B. Braun Melsungen AG, Integra LifeSciences, MicroPort Scientific Corporation, Medacta International, Globus Medical Inc, 

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Hip Replacement Market Statistics: The global hip replacement market was valued at $5.9 billion in 2021, and is projected to reach $8.6 billion by 2031, growing at a CAGR of 4% from 2022 to 2031. 

 

Hip Replacement Market Growth Drivers: 

1. Increasing Prevalence of Osteoarthritis and Other Joint Disorders: The rising incidence of osteoarthritis, rheumatoid arthritis, and other joint-related disorders is a major driver. These conditions often lead to severe hip pain and mobility issues, necessitating hip replacement surgery. 
2. Aging Population: The global increase in the aging population significantly contributes to market growth. Older adults are more prone to degenerative joint diseases and fractures, leading to a higher demand for hip replacement procedures. 
3. Advancements in Surgical Techniques and Implant Technologies: Technological advancements in hip replacement techniques and implant materials have improved the safety, efficacy, and longevity of the procedures. Innovations such as minimally invasive surgery, computer-assisted navigation, and durable implant materials like ceramic and titanium are enhancing patient outcomes and driving market growth. 
4. Rising Obesity Rates: The increasing prevalence of obesity, which is a risk factor for developing osteoarthritis, is contributing to the growth of the hip replacement market. Excess body weight puts additional stress on the hip joints, leading to a higher incidence of hip problems requiring surgical intervention. 
5. Improved Healthcare Infrastructure: The expansion and modernization of healthcare infrastructure, particularly in emerging economies, are facilitating better access to advanced medical treatments, including hip replacement surgery. Investments in healthcare facilities and the availability of skilled orthopedic surgeons are supporting market growth. 
6. Growing Awareness and Early Diagnosis: Increased awareness about joint health and the benefits of early diagnosis and treatment are leading to more people seeking medical advice and opting for hip replacement surgeries earlier in the disease progression, improving outcomes and driving demand. 

 

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The segments and sub-section of Hip Replacement Markets shown below: 

By Product: 

• Hip Replacement Systems 
• Accessories 

By Indication: 

• Osteoporosis 
• Others 

By End User: 

• Hospitals and Clinics 
• Ambulatory Surgical Centers 

 

Some of the key players involved in the Market are: Colfax Inc, Corin Group PLC, B. Braun Melsungen AG, Integra LifeSciences, MicroPort Scientific Corporation, Medacta International, Globus Medical Inc, Stryker Corporation, Zimmer Biomet Holdings Inc, Gruppo Bioimpianti s.r.l., Johnson & Johnson, Exactech Inc, Merete, Conformis Inc, Kyocera Corporation, Smith & Nephew PLC 

 

If opting for the Global version of Hip Replacement Market; then below country analysis would be included: 

– North America (USA, Canada and Mexico) 

– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe) 

– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC) 

– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.) 

– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA) 

 

Key Questions Answered with this Study: 

1) What makes Hip Replacement Market feasible for long term investment? 

2) How influencing factors influencing the demand of Hip Replacement in the next few years? 

3) Territory that may see steep rise in CAGR & Y-O-Y growth? 

4) What geographic region would have better demand for products/services? 

5) What opportunity emerging territory would offer to established and new entrants in Hip Replacement Market? 

6) What strategies of big players help them acquire share in mature market? 

7) Know value chain areas where players can create value? 

8) What is the impact analysis of various factors in the Global Hip Replacement Market growth? 

9) Risk side analysis connected with service providers? 

 

Introduction about Hip Replacement Market 

Hip Replacement Market Size (Sales) Market Share by Type (Product Category) 

Hip Replacement Market by Application/End Users 

Hip Replacement (Volume) and Market Share Comparison by Applications 

Global Hip Replacement and Growth Rate (2021-2031) 

Hip Replacement Competition by Players/Suppliers, Region, Type, and Application 

Hip Replacement (Volume, Value, and Sales Price) table defined for each geographic region defined. 

Hip Replacement Players/Suppliers Profiles and Sales Data 

Key Raw Materials Analysis & Price Trends 

Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis 

……..and view more in complete table of Contents 

 

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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia. 

 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

 

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