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Hip Replacement Market Share

Report ID: GMI4979
Published Date: Mar 2023
Report Format: PDF

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Hip Replacement Market Share

Some of the major market players operating in the hip replacement industry are:

Zimmer Biomet
Stryker Corporation
Depuy Synthes (Johnson & Johnson)
Smith & Nephew
B Braun Melsungen AG (Aesculap)
Medacta International
Microport Orthopedics

The major market players focus on strategic collaborations, mergers, and partnerships to expand their market and launch of new products to strengthen the product portfolio. Furthermore, these players are investing in research and development activities that allow these players to garner maximum market share.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for hip replacement exceeded USD 7 billion in 2022 and is expected to grow significantly at 3.5% CAGR through 2032 driven by the rising prevalence of hip arthritis and osteoporosis worldwide.

Partial hip replacement segment is estimated to be worth more than USD 1 billion due to the product’s characteristics such as cost-effective treatment and faster implant time as compared to total hip replacement surgery.

Europe hip replacement market is expected to exceed USD 2 billion by 2032, owing to increased hospitalization rates resulting from the high prevalence of arthritis and osteoporosis, along with supportive healthcare policies throughout the area.

The industry consists of prominent industry participants such as Stryker Corporation, Depuy Synthes (Johnson & Johnson), Microport Orthopedics, ConforMIS Inc., Kyocera Corporation, Exatech Inc., DJO Global, Waldemar Link, Corin Group and more.