Hip Replacement Market Size & Share 2025 - 2034
Market Size by Product, by Material, by Fixation Material, by Inserts, by End Use, Global Forecast.
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Market Size by Product, by Material, by Fixation Material, by Inserts, by End Use, Global Forecast.
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Starting at: $2,450
Base Year: 2024
Companies Profiled: 14
Tables & Figures: 183
Countries Covered: 19
Pages: 120
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Hip Replacement Market
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Hip Replacement Market Size
The global hip replacement market size was valued at USD 7.9 billion in 2024 and is anticipated to reach USD 11.4 billion by 2034, growing at a CAGR of 3.9% from 2025 to 2034. The market growth is primarily attributed to advancements in technology, rise in number of surgical procedures, increase in elderly population, and growing prevalence of osteoarthritis among other factors.
Hip Replacement Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
The market is expected to witness significant growth owing to the increasing geriatric population and the advancements in surgical techniques. For instance, according to the data published in a report by World Health Organization (WHO), the proportion of people aged 60 years or more is expected to double from 12% in 2015 to 22% in 2050. Thus, a rise in target population will in turn drive the hip replacement procedural volume, thereby fueling the product demand.
In addition, replacement surgeries requiring implants have a greater incidence among the geriatric population suffering from degenerative joint diseases and hip related problems. Further, the addition of robotics and other minimally invasive surgical techniques (MIST) is associated with improved outcomes, faster recovery, better satisfaction, and overall wellbeing of the patients.
Moreover, the adoption of advanced tailor-made designs and improved materials which are more efficient further contributes to the increased product demand. Growing inclination of consumers as well as healthcare providers toward patient-specific implants is among a key factor contributing to industry growth. These implants offer precise fit, easier tissue integration, and improved product life. Additional factors including enhanced recovery, reduced hospital stays coupled with a favorable reimbursement landscape is anticipated to fuel market growth.
Hip replacement surgery, also known as hip arthroplasty, is a surgical procedure involving the removal of damaged sections of the hip joint and replacing them with appropriate prosthetic implants. This can be a total hip replacement or a partial replacement with materials made of metal, ceramic and plastic.
Hip Replacement Market Trends
Hip Replacement Market Analysis
The global market for hip replacement was valued at USD 7.9 billion in 2024. Based on product, the market is segmented into primary hip replacement devices, revision hip replacement devices, partial hip replacement devices, and hip resurfacing devices. The primary hip replacement segment accounted for the dominant market share and was valued at USD 5.8 billion in 2024.
Based on material, the global hip replacement market is categorized into metal-on-plastic, ceramic-on-plastic, ceramic-on-metal, and ceramic-on-ceramic. The metal-on-plastic segment dominated the market with 56.4% market share in 2024.
Based on the fixation material, the global hip replacement market is categorized into cementless fixation, hybrid fixation and cemented fixation. The cementless fixation segment dominated the market in 2024 and is anticipated to register at a CAGR of 4% through 2034.
Based on inserts, the global hip replacement market is categorized into non-antioxidant polyethylene inserts, cross-linked polyethylene inserts, and antioxidant polyethylene inserts. The non-antioxidant polyethylene inserts segment is expected to reach USD 3.7 billion by 2034.
Based on end use, the global hip replacement market is classified into hospitals and clinics and ambulatory surgical centers. In 2024, the hospitals and clinics segment held highest market share and is expected to showcase significant growth over the analysis period.
The North America hip replacement market dominated a revenue share of 50.6% in 2024, driven by availability of better reimbursement facilities, high patient population for arthritis, technologically advanced devices and increasing geriatric population in the region.
The U.S. market for hip replacement was valued at USD 3.84 billion in 2024, Factors such as increasing prevalence of hip arthritis and osteoporosis, higher obesity rates, and greater awareness for available treatment options are contributing in the industry growth. Moreover, many patients suffering from arthritis are planning to undergo surgeries including hip replacements for better mobility in day-to-day activities.
Europe hip replacement market accounted for USD 1.9 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
UK hip replacement market is anticipated to witness considerable growth over the analysis period.
The Asia Pacific hip replacement market is anticipated to grow at the highest CAGR of 5.7% during 2025 to 2034.
China hip replacement market is predicted to grow significantly over the forecast period.
Brazil is experiencing significant growth in the Latin America hip replacement market and is anticipated to record robust growth throughout the forecast period.
Saudi Arabia hip replacement market is poised to witness substantial growth in Middle East and Africa during the forecast period.
Hip Replacement Market Share
Key industry players such as Zimmer Biomet, Stryker, DePuy Synthes (Johnson & Johnson), and Smith & Nephew among other leading manufacturers account for ~50% share in the hip replacement industry. Major participants operating in the market are working towards improving their product portfolio and further consolidating their industry presence. Companies are allocating additional resources in developing advanced material technology for hip implants that focus on meeting the needs of the patients. Further, orthopedic device manufacturers are entering into joint alliances and partnerships for integrating and implementing robotic systems along with advanced equipment such as 3D-printed implant manufacturing capabilities in the ecosystem.
Hip Replacement Market Companies
Few of the prominent players operating in the hip replacement industry include:
Hip Replacement Industry News
The hip replacement market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million and volume (Units) from 2021 - 2034 for the following segments:
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Market, By Product
Market, By Material
Market, By Fixation Material
Market, By Inserts
Market, By End Use
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →