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Report Description

Report Description

Global Hip Replacement Devices Market is expected to show a robust growth during the forecast period, 2024-2028. The market growth is expected to grow with the rising cases of hip injuries due to accident. Total hip replacement (THA) is one of the orthopedic procedures with the highest success rates. Reliable results from THA include pain reduction, normal functioning of joints, and a general improvement in quality of life. Hip arthroplasty, often known as a hip replacement, is a surgical procedure that involves replacing a damaged or diseased hip joint with an artificial joint or implant. Patients typically have hip replacements when significant hip pain and inflammation are brought on by the arthritis. Hip replacement surgery is frequently required due to hip fractures as well as normal wear and tear in the patients. According to the American Academy of Orthopedic Surgeons, more than 450,000 hip replacement surgeries are performed in the United States each year, making it one of the most popular joint replacement procedures.

The two main factors leading to total hip replacement are osteoarthritis and hip trauma. The ageing population and other related variables like obesity are contributing to an increase in osteoarthritis and hip injuries. According to a report from the Centers for Disease Control and Prevention from August 2021, over 800,000 patients are admitted to hospitals each year as a result of fall injuries, with hip fractures accounting for the majority of these admissions. In addition, hip fractures account for at least 300,000 hospital admissions of elderly patients each year in the United States.

Hip fractures typically occur in older people with osteoporosis because of low-energy trauma, such as falling to the ground. People with rheumatoid arthritis, osteonecrosis, or bone tumors also requires hip replacements to ease discomfort, in addition to those who have osteoarthritis or hip injuries. Hip replacements are also performed to boost mobility and enhance general quality of life. The old population is growing as society ages, and geriatric hip fractures are also gradually rising. A hip fracture in an elderly person is a serious issue that can be fatal. Compared to nonsurgical therapies, surgical interventions can reduce death rates in older patients with hip fractures. Therefore, the market is being driven by an increase in total hip replacement procedures due to the rising occurrence of hip injuries and hip related medical conditions.



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Reimbursement Policies

Favorable reimbursement procedures are enhancing growth of the market. The Patient Protection and Affordable Care Act (PPACA) in the United States has increased the scope of insurance coverage for orthopedic devices, making them accessible to more patients. Over the past few years, prosthetics and orthotics have received suitable coverage from both public (like Centers for Medicare & Medicaid Services) and commercial payers. Additionally, in other countries also governments, insurance companies, and other healthcare companies are making policies favorable for the reimbursement of different procedures carried out. For instance, Johnson & Johnson launched their "India centric" reimbursement policy in November 2018, guaranteeing complete patient payment in the event of revision surgery within 15 years of the first hip replacement operation.

Demand for Customized Hip Prostheses and Technological Advancement

Implant sizes vary because each patient has a different anatomy thus customization of hip prostheses plays a crucial role. Many firms are focusing on 3D printing technologies for patient-specific implants. The number of individualized orthopedic implants has significantly increased as a result of the usage of 3-D printing technology. Numerous orthopedic companies are developing cutting-edge technologies that might be used to produce technically complex replacement prostheses, which is anticipated to be advantageous to the industry. For instance, to carry out the first 3D total hip replacement procedures, Conformis, Inc., a medical technology company, teamed up with JFK Medical Center in Florida in August 2018.

One of the most intriguing advancements in hip and knee surgery is robotic aided surgery. Data from the recent expansion of this technology's use is being used to decide if this method should eventually become the norm for hip and knee replacement surgery. In both hip and knee arthroplasty procedures, there is strong evidence that robotic aided surgery can help to increase implant positioning accuracy compared to manual placement. The Mako system, an active-constrained system that delivers a 3D plan based on CT scanning to the surgeon so that they can subsequently optimize the intended surgery on that basis, is now the most extensively utilized system for hip arthroplasty.

As demand for customized implants for both men and women increases with the advancement in technology, the market for hip replacement devices is anticipated to expand.

Recent Development

  • Medacta has announced an expansion of their hip revision Portfolio in July 2021. The AMIS(R)-K Long, Iliac Screw Mpact 3D Metal, and 3D Metal(R) B-Cage were used in first operations. The M-Vizion Modular Femoral Revision Stem and these components add to the Medacta Hip Revision Platform.
  • Zimmer Biomet Holdings, Inc., a pioneer in global medical technology developed the ROSA Hip System which received FDA 510(k) approval for robotically assisted direct anterior total hip replacement in August 2021.
  • Conformis, Inc. and JFK Medical Center in Florida worked together in August 2018 to accomplish the first-ever 3D total hip replacement surgery.
  • HipAlign, an application that uses smart navigation technology during surgery, was released by OrthoAlign, Inc. in May 2019.

Market Segmentation

Global hip replacement devices market is segmented by product type, end user, regional distribution, and competitional landscape. Based on product type, the market is further fragmented into primary hip reconstruction devices, partial hip reconstruction devices, revision hip reconstruction devices, and hip resurfacing devices. Based on the end user, the market is segmented into hospitals, ambulatory care centers, orthopedics clinics, and others.

Market Players

Johnson & Johnson (DePuy Synthes), B. Braun Melsungen AG, Stryker Corporation, Zimmer Biomet Holdings Inc, Corin Group, Waldemar LINK GmbH & Co. KG, MicroPort Scientific Corporation, Exactech, Inc., Conformis Inc., OMNIlife Science Inc., DJO Global, Inc., Medtronic, Plc., Arthrex, Inc., Aesculap Implant Systems, Inc., Smith & Nephew plc., are among the major market players operating in the Global Hip Replacement Devices Market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Product Type

End User

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Kuwait

Key Companies Profiled

Johnson & Johnson (DePuy Synthes), B. Braun Melsungen AG, Stryker Corporation, Zimmer Biomet Holdings Inc, Corin Group, Waldemar LINK GmbH & Co. KG, MicroPort Scientific Corporation, Exactech, Inc., Conformis Inc., OMNIlife Science Inc., DJO Global, Inc., Medtronic, Plc., Arthrex, Inc., Aesculap Implant Systems, Inc., Smith & Nephew plc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 Report Scope:

In this report, global hip replacement devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Hip Replacement Devices Market, By Product Type:
    • Primary Hip Reconstruction Devices
    • Partial Hip Reconstruction Devices
    • Revision Hip Reconstruction Devices
    • Hip Resurfacing Devices
  • Hip Replacement Devices Market, By End User:
    • Hospitals
    • Ambulatory Care Centers
    • Orthopedics Clinics
    • Others
  • Hip Replacement Devices Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global hip replacement devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Hip Replacement Devices Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

Table of content


ip fractures accounting for the majority of these admissions. In addition, hip fractures account for at least 300,000 hospital admissions of elderly patients each year in the United States.

Hip fractures typically occur in older people with osteoporosis because of low-energy trauma, such as falling to the ground. People with rheumatoid arthritis, osteonecrosis, or bone tumors also requires hip replacements to ease discomfort, in addition to those who have osteoarthritis or hip injuries. Hip replacements are also performed to boost mobility and enhance general quality of life. The old population is growing as society ages, and geriatric hip fractures are also gradually rising. A hip fracture in an elderly person is a serious issue that can be fatal. Compared to nonsurgical therapies, surgical interventions can reduce death rates in older patients with hip fractures. Therefore, the market is being driven by an increas


1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Clinical Trial Analysis

5.1.  Ongoing Clinical Trials

5.2.  Completed Clinical Trials

5.3.  Terminated Clinical Trials

5.4.  Breakdown of Pipeline, By Development Phase

5.5.  Breakdown of Pipeline, By Status

5.6.  Breakdown of Pipeline, By Study Type

5.7.  Breakdown of Pipeline, By Region

5.8.  Clinical Trials Heat Map

6.    Global Hip Replacement Devices Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type (Primary Hip Reconstruction Devices, Partial Hip Reconstruction Devices, Revision Hip Reconstruction Devices, Hip Resurfacing Devices)

6.2.2.    By End User (Hospitals, Ambulatory Care Centers, Orthopedics Clinics, Others)

6.2.3.    By Region

6.2.4.    By Company (2022)

6.3.  Product Market Map

6.3.1.    By Product

6.3.2.    By End User

6.3.3.    By Region

7.    Asia-Pacific Hip Replacement Devices Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type

7.2.2.    By End User

7.2.3.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Hip Replacement Devices Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product Type

7.3.1.2.2.           By End User

7.3.2.    India Hip Replacement Devices Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product Type

7.3.2.2.2.           By End User

7.3.3.    South Korea Hip Replacement Devices Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product Type

7.3.3.2.2.           By End User

7.3.4.    Japan Hip Replacement Devices Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Product Type

7.3.4.2.2.           By End User

7.3.5.    Australia Hip Replacement Devices Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Product Type

7.3.5.2.2.           By End User

8.    Europe Hip Replacement Devices Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type

8.2.2.    By End User

8.2.3.    By Country

8.3.  Europe: Country Analysis

8.3.1.    France Hip Replacement Devices Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product Type

8.3.1.2.2.           By End User

8.3.2.    Germany Hip Replacement Devices Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product Type

8.3.2.2.2.           By End User

8.3.3.    United Kingdom Hip Replacement Devices Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product Type

8.3.3.2.2.           By End User

8.3.4.    Italy Hip Replacement Devices Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product Type

8.3.4.2.2.           By End User

8.3.5.    Spain Hip Replacement Devices Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Product Type

8.3.5.2.2.           By End User

9.    North America Hip Replacement Devices Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type

9.2.2.    By End User

9.2.3.    By Country

9.3.  North America: Country Analysis

9.3.1.    United States Hip Replacement Devices Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product Type

9.3.1.2.2.           By End User

9.3.2.    Mexico Hip Replacement Devices Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product Type

9.3.2.2.2.           By End User

9.3.3.    Canada Hip Replacement Devices Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product Type

9.3.3.2.2.           By End User

10. South America Hip Replacement Devices Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product Type

10.2.2. By End User

10.2.3. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Hip Replacement Devices Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product Type

10.3.1.2.2.         By End User

10.3.2. Argentina Hip Replacement Devices Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product Type

10.3.2.2.2.         By End User

10.3.3. Colombia Hip Replacement Devices Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product Type

10.3.3.2.2.         By End User

11. Middle East and Africa Hip Replacement Devices Market Outlook

11.1.             Market Size & Forecast        

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Product Type

11.2.2. By End User

11.2.3. By Country

11.3.             MEA: Country Analysis

11.3.1. South Africa Hip Replacement Devices Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Product Type

11.3.1.2.2.         By End User

11.3.2. Saudi Arabia Hip Replacement Devices Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Product Type

11.3.2.2.2.         By End User

11.3.3. UAE Hip Replacement Devices Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Product Type

11.3.3.2.2.         By End User

11.3.4. Kuwait Hip Replacement Devices Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Product Type

11.3.4.2.2.         By End User

12. Market Dynamics

12.1.             Drivers

12.1.1. Hip Arthroplasty

12.1.2. Reimbursement Policies

12.1.3. Customized Hip Prosthesis

12.2.             Challenges

12.2.1. High Implant and Surgical Costs

12.2.2. Product Recalls

13. Market Trends & Developments

13.1.             Recent Development

13.2.             Mergers & Acquisitions

13.3.             Product Launches

14. Global Hip Replacement Devices Market: SWOT Analysis

15. Porter’s Five Forces Analysis

15.1.             Competition in the Industry

15.2.             Potential of New Entrants

15.3.             Power of Suppliers

15.4.             Power of Customers

15.5.             Threat of Substitute Products

16. Competitive Landscape

16.1.             Business Overview

16.2.             Product Offerings

16.3.             Recent Developments

16.4.             Financials (As Reported)

16.5.             Key Personnel

16.6.             SWOT Analysis Profiles (SWOT Analysis of Top 5 Players Profiled)

16.6.1. Johnson & Johnson (DePuy Synthes)

16.6.2. B. Braun Melsungen AG

16.6.3. Stryker Corporation

16.6.4. Zimmer Biomet Holdings Inc

16.6.5. Corin Group

16.6.6. Waldemar LINK GmbH & Co. KG

16.6.7. MicroPort Scientific Corporation

16.6.8. Exactech, Inc.

16.6.9. Conformis Inc.

16.6.10.              OMNIlife Science Inc.

16.6.11.              DJO Global, Inc.

16.6.12.              Medtronic, Plc.

16.6.13.              Arthrex, Inc.

16.6.14.              Aesculap Implant Systems, Inc.

16.6.15.              Smith & Nephew plc.

17. Strategic Recommendations

Figures and Tables

Frequently asked questions

Frequently asked questions

The global hip replacement devices market is expected to grow due to the increasing hip arthroplasty, rising geriatric population, hip arthritis, and accident cases among the population.

Johnson & Johnson (DePuy Synthes), B. Braun Melsungen AG, Stryker Corporation, Zimmer Biomet Holdings Inc, Corin Group, Waldemar LINK GmbH & Co. KG, MicroPort Scientific Corporation, Exactech, Inc., Conformis Inc., are some of the leading players operating in the Global Hip Replacement Devices Market.

The hospital segment dominated the market because of the availability of the state of art technology for the surgery and treatment at the hospital facility, inclination of the orthopedic specialists towards the robotic assisted surgery in the hospitals, and the use of minimally invasive hip replacement for minimizing the impact of surgery.

North America is expected to dominate the market of Global Hip Replacement Devices Market due to increasing launches of new devices, system and technology for hip surgeries in the region.

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