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According to Renub Research latest report “Hip Replacement Market, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” Global Hip Replacement Market is estimated to reach US$ 9 Billion by 2028. About 130 million people are estimated to suffer from osteoarthritis, globally, and the disease will leave 40 million people disabled, by 2050. In 2021, the number of people suffering from osteoarthritis, globally, was 528 million, according to World Health Organization (WHO).

Hip Replacement surgery is performed to change the hip joint partially or wholly, with a man-made joint. According 2018 report, by the American Association of Orthopaedic Surgeons (AAOS), by 2030, hip replacements are expected to show a 117% increase. The rapid advancements made in the field of medicine and technology have made hip replacement surgeries more secure and much fruitful, leading to more and more people opting for it.

The rise in R&D activities for surgical p

Hip replacement is a minimally invasive surgical procedure to replace a hip joint with a prosthetic implant. It is a general surgery that helps to minimize pain and rigidity in the hip joint. Each hip replacement system has different device design features such as material, shape, fixations materials. As per the World Health Organization (WHO), by 2050, nearly 130 million people will have arthritis, of which this disease will severely disable 40 Million people. Other factors, including rheumatoid arthritis, hip fracture, septic arthritis, and ankylosing spondylitis, have also helped this market grow. Thereafter, in the coming years, as per our estimate, the Global Hip Replacement Market will increase with the advent of robot-assisted surgical procedures across the world to reach US$ 7.48 Billion by 2027.

hip replacement market

COVID-19 Impact on Hip Replacement Market

The ongoing COVID-19 pandemic is an unprecedented public health concern. This pandemic has adversely impacted the numbe