Sam Brusco, Associate Editor11.15.22
According to Fortune Business Insights, the size of the global hip replacement market was $6.91 billion in 2021. Growth was slowed fairly dramatically due to COVID-19’s negative effect on the market, which according to the firm declined 12.1% in 2020. However, the market is expected to balloon to $9.91 billion in 2028 at a CAGR of 5.3%, according to the market research firm.
One key trend to hip replacement market growth is incorporation of web-based tools and online resources to gather information for specific diseases. Joint replacement in general is an area where online tools have proliferated, helping patients communicate with their orthopedic surgeons. Robotic-assisted and navigation technologies continue to refine hip replacement and make it more repeatable, as well. The rapid adoption of customized hip implants has also been a critical factor driving the market.
This article will further examine the hip replacement market by way of two large manufacturers with many legacy implants, one smaller company offering personalized options, and a conversation with manufacturing partners.
DePuy Synthes
One key trend to hip replacement market growth is incorporation of web-based tools and online resources to gather information for specific diseases. Joint replacement in general is an area where online tools have proliferated, helping patients communicate with their orthopedic surgeons. Robotic-assisted and navigation technologies continue to refine hip replacement and make it more repeatable, as well. The rapid adoption of customized hip implants has also been a critical factor driving the market.
This article will further examine the hip replacement market by way of two large manufacturers with many legacy implants, one smaller company offering personalized options, and a conversation with manufacturing partners.
DePuy Synthes
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