The global market for hip replacement was estimated at USD 7.3 billion in the year 2022 and is projected to reach USD 8.7 billion by the end of the analysis period, growing with a CAGR of 2.5%.

The hip joint is one of the most vital joints in the human body. The human body movement of walking, running, and jumping are all possible because of hip joints. Hip joints bear the weight of the body and the force of the strong muscles of the hip and leg. The hip joint falls under the category of ball and socket thus, it is one of the most flexible joints in the human body and allows a greater range of motion than all other joints in the body except the shoulder joint.

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