Hip Replacement Market is Anticipated to Witness High Growth Owing to Increase in Geriatric Population
The hip replacement market involves surgical procedures and implants used to replace theHip Replacement Market is Anticipated to Witness High Growth Owing to Increase in Geriatric Populationhip joint with prosthetic implants when the cartilage breaks down and the patient experiences joint pain and stiffness. Hip replacement procedures help restore mobility and alleviate pain for patients suffering fromarthritis, trauma, or certain hip disorders. There has been significant advancement in hip implant design and materials to closely mimic natural hip anatomy and function. Metal-on-metal, ceramic-on-ceramic, and cross-linked polyethylene have improved wear resistance while maintaining articulation and strength needed for the joint. The global hip replacement market is estimated to be valued at US$ 7.0 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the hip replacement market are Depuy Synthes (Johns...