Hip replacement market to be valued at $10.24b by 2033

It is driven by an ageing population, increasing obesity rates, and tech advancements.

The global hip replacement market is expected to reach $10.24b by 2033 at a compound annual growth rate of 4.45%, said Research and Markets.

The sector’s expansion is attributed to an ageing population, increasing obesity rates, and developments in medical technology that improve surgical outcomes and recovery times.

In addition, an awareness of the benefits of hip replacement surgery and healthcare accessibility drives market growth.

“The modern implants are made from long-lasting materials like ceramics, titanium, and alloys, providing more durable results with less wear,” the report said.

Meanwhile, minimally invasive surgical techniques have contributed to faster recovery, smaller incisions, and lower complication risks.