Hip Replacement Devices Market

By Product Type;

Total Hip Replacement Implants, Partial Hip Replacement Implants, Hip Revision Implants, and Hip Resurfacing Implants

By Fixation;

Cemented and Non-Cemented

By End-User;

Hospitals, Orthopedic Clinics, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn934179788 Published Date: August, 2025

Hip Replacement Devices Market Overview

Hip Replacement Devices Market (USD Million)

In the year 2024, the Global Hip Replacement Devices Market was valued at USD 6,107.23 million. The size of this market is expected to increase to USD 7,982.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.9%.


Hip Replacement Devices Market

*Market size in USD million

CAGR 3.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.9 %
Market Size (2024)USD 6,107.23 Million
Market Size (2031)USD 7,982.77 Million
Market ConcentrationHigh
Report Pages366
6,107.23
2024
7,982.77
2031

Major Players

  • Zimmer Inc
  • DePuy Synthes
  • Stryker
  • Smith & Nephew
  • B. Braun Melsungen AG
  • Corin
  • Waldemar LINK GmbH & Co. KG.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Hip Replacement Devices Market

Fragmented - Highly competitive market without dominant players



The Hip Replacement Devices Market is steadily expanding as musculoskeletal disorders continue to rise. More than 55% of hip surgeries are attributed to osteoarthritis and related joint conditions, highlighting the importance of advanced orthopedic solutions in modern healthcare.

Innovations in Implant Technology
Rapid advancements in implant design and materials are enhancing the durability and effectiveness of hip devices. Close to 40% of recent product developments are centered on improving longevity and reducing revision rates, which strengthens patient trust in advanced treatment options.

Shift Toward Less Invasive Techniques
A strong shift toward minimally invasive surgeries is shaping the market. About 35% of hip replacements are now conducted using less invasive approaches, offering shorter recovery periods, lower complication risks, and higher patient satisfaction compared to traditional procedures.

Impact of Aging Demographics and Lifestyle Risks
The growing geriatric population is a key contributor to market growth, with nearly 60% of hip replacements involving patients aged 60 and above. Additionally, factors such as obesity and sedentary lifestyles are accelerating joint degeneration, leading to increased demand for replacement procedures.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Fixation
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Hip Replacement Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Technological Advancements
        3. Increasing Obesity Rates
      2. Restraints
        1. High Costs
        2. Risk of Complications
        3. Regulatory Challenges
      3. Opportunities
        1. Emerging Markets
        2. Innovation in Materials
        3. Growing Awareness Programs
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Hip Replacement Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Total Hip Replacement Implants
      2. Partial Hip Replacement Implants
      3. Hip Revision Implants
      4. Hip Resurfacing Implants
    2. Hip Replacement Devices Market, By Fixation, 2021 - 2031 (USD Million)
      1. Cemented
      2. Non-cemented
    3. Hip Replacement Devices Market, By End-User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Orthopedic Clinics
      3. Others
    4. Hip Replacement Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Zimmer Inc
      2. DePuy Synthes
      3. Stryker
      4. Smith & Nephew
      5. B. Braun Melsungen AG
      6. Corin
      7. Waldemar LINK GmbH & Co. KG.
  7. Analyst Views
  8. Future Outlook of the Market