Total Hip Replacement Market size is estimated to be USD 5.2 Billion in 2024 and is expected to reach USD 9.1 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The global Total Hip Replacement (THR) market size was valued at approximately USD 5.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The market is primarily driven by the increasing geriatric population and a rise in conditions such as osteoarthritis and fractures, which necessitate hip replacement surgeries. North America accounted for the largest market share in 2022, contributing to about 40% of the global market. This is primarily due to advanced healthcare infrastructure, high healthcare expenditure, and the rising adoption of THR procedures. Europe is another significant market for total hip replacement, with a market share of approximately 30%, driven by the increasing prevalence of hip related disorders and growing awareness of surgical treatments. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, with a projected CAGR of 5.1%, owing to the rising healthcare access, expanding middle class population, and improving medical technologies in countries like China and India.
Regional analysis shows that North America and Europe are expected to dominate the market due to established healthcare systems and high adoption rates. However, the Asia Pacific region presents significant opportunities for market expansion, particularly due to the rapid urbanization, the growing burden of degenerative diseases, and the improving affordability of medical procedures. In addition, the increased focus on joint replacement surgeries, along with government initiatives aimed at improving healthcare infrastructure, is expected to drive growth in the region. Latin America and the Middle East & Africa are also expected to experience moderate growth, attributed to improvements in healthcare services and rising patient awareness about advanced surgical treatments.
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Johnson & Johnson
Stryker
Zimmer Biomet
Smith & Nephew
Wright Medical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Total Hip Replacement Market
Cemented Total Hip Replacements
Cementless Total Hip Replacements
Hybrid Total Hip Replacements
Resurfacing Devices
Metal-on-Metal
Metal-on-Polyethylene
Ceramic-on-Ceramic
Ceramic-on-Polyethylene
Other Advanced Materials
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Orthopedic Surgery Centers
Traditional Posterior Approach
Anterolateral Approach
Direct Anterior Approach
Minimally Invasive Surgery (MIS)
Robotic-Assisted Surgery
Age Groups
Gender
Activity Level
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Total Hip Replacement Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Total Hip Replacement Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Total Hip Replacement Market, By Type
6. Global Total Hip Replacement Market, By Application
7. Global Total Hip Replacement Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Total Hip Replacement Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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