Hip Implants Market Research By Major Industry Firms And Top Key Player Forecast Till 2030

The Hip Implants Market is expected to grow from US$ 6,816.6 million in 2022 to US$ 9,425.4 million by 2030; it is anticipated to record a CAGR of 4.1% from 2022 to 2030

Hip implants are medical devices that restore mobility and alleviate pain, usually associated with arthritis and other hip diseases or injuries. Every hip implant has its benefits and risks. Every hip implant system has unique device design features such as size, shape, material, and dimensions. In addition, the same hip implant system may have different outcomes in different patients. In addition, strategic initiatives by companies to stay competitive are fueling market growth.

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Analysis of the Top Market Players:

1. Smith & Nephew
2. Exactech
3. Zimmer Biomet
4. Stryker Corporation
5. DJO Surgical (Enovis)
6. Medacta
7. Conformis
8. DePuy Orthopaedics
9. MicroPort Orthopedics
10. Symbios

In this report, the market has been segmented on the basis of:

Type

- Total Hip Replacement
- Partial Hip Replacement
- Hip Resurfacing
- Revision Hip Implant

Material

- Metal-on-Polyethylene
- Ceramic-on-Ceramic
- Ceramic-on-Metal
- Ceramic-on-Polyethylene

End User

- Hospital
- Orthopedic Clinics
- Ambulatory Surgical Centers

For instance, in India, Smith & Nephew launched the OR3O Dual Mobility System in August 2023 for primary and revision hip arthroplasty. OR3O includes Smith & Nephew's advanced bearing surface, OXINIUM DH, due to its liner and proprietary OXINIUM on XLPE. This eliminates both the modular CoCr liner and/or CoCr head ball from the construct, which reduces wear and corrosion risks associated with the alloy. Thus, a significant rise in revolutionary technologies to address customer needs is likely to bring new trends in the market during the forecast period.

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Increasing Product Development Activities are Foreseen to Trend Hip Implants Market Growth.

Portability, convenience, and effectiveness of hip implants lead to a high overall success rate. These advantages result in accelerating the demand for hip implants in the coming years, owing to which a growing number of product launches, approvals, and developments are in place to meet the expected demand in the years to come. A few of the major developments and approvals are listed below:

- Smith & Nephew launched OR3O Dual Mobility System in August 2023 for primary and revision hip arthroplasty in India. OR3O utilizes Smith & Nephew's latest advanced bearing surface, OXINIUM DH, for its liner and proprietary OXINIUM on XLPE for its femoral head and polyethylene inserts. This eliminates both the modular CoCr liner and CoCr head ball from the construct, eliminating wear and corrosion risks associated with the alloy.

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