Analysis predicts hip replacement implant market at $9.1B by 2024

Editor's Note

A Transparency Market Research analysis predicts the global market for hip replacement implants will reach $9.1 billion by 2024, with a 3.9% compound annual growth rate, the March 17 Becker’s Spine Review reports.

Fueling the growth are an expanding geriatric population, an increasing incidence of osteoarthritis, and technological advances in hip implant development.

Zimmer Biomet (Warsaw, Indiana) is expected to remain the leading manufacturer in the market.

The global hip replacement implant market is anticipated to reach $9.1 billion by 2024, based on a Transparency Market Research analysis, according to . Here are eight observations: 1. In 2015, the global hip replacement implant market was valued at $6.5 billion. 2.