# The Hip Replacement Market to satiate amidst innovation
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-24
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Robotic-Assisted Hip Replacement Market: Technological
Meta Description: Discover how robotic-assisted hip replacement is revolutionising the healthcare sector with CAGR of 8%. Get insights and sample report here.
URL: https://financedigest.com/the-hip-replacement-market-to-satiate-amidst-innovationhtml

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The [Hip Replacement Market](https://www.persistencemarketresearch.com/market-research/hip-replacement-market.asp) is all set to be in the driver’s seat shortly. Technology adoption once looked upon as a costly endeavor, is slated to witness a drastic transformation in the form of granular applications. Technologies like DevOps and AIOps are [constructively disrupting the healthcare IT sector and are expected to create wonders in this regard in the upcoming period](https://www.financedigest.com/india-construction-chemicals-market-expanding-at-an-impressive-cagr-of-close-to-14-over-the-forecast-period-of-2021-2031.html "India Construction Chemicals Market expanding at an impressive CAGR of close to 14% over the forecast period of 2021-2031").

According to the latest research by Persistence [Market Research, the robotic-assisted hip replacement market is set to witness](https://www.financedigest.com/the-us-costume-jewelry-market-to-witness-calculated-innovation.html "The Us Costume Jewelry Market To Witness Calculated Innovation") positive growth of CAGR 8% during 2021-2031. The [global Robotic-Assisted Hip Replacement market is expected](https://www.financedigest.com/global-encapsulated-flavours-market-sales-expected-to-surpass-200000-mt-by-2027-end.html "Global Encapsulated Flavours Market sales expected to surpass 200,000 MT by 2027-end") to be driven by technological advancements in the surgery method and minimally invasive techniques.

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There are various advantages that robotic-assisted surgery provide over the traditional method. These may include better control and accuracy achieved during cutting of the damaged tissues and reduce the inaccuracies by 94%. Also, robotic-assisted hip replacement has better outcomes like reduce faster recovery and less pain.

The major driver [demand for Robotic-Assisted Hip Replacement](https://www.financedigest.com/skin-replacement-market-trends-analysis-future-demand-global-industry-insights-2025.html "Skin Replacement Market Trends Analysis, Future Demand & Global Industry Insights 2025") is the increasing geriatric population, technological advancements and an increase in the number of hip surgeries. According to a UN report, the geriatric population will increase from 9.3 per cent in 2020 to around 16.0 per cent in 2050.This growing population is more prone to arthritis and other bone diseases. Hence, the demand for minimally invasive robotic hip replacement will increase and will [drive the market](https://www.financedigest.com/innovation-based-discernment-to-drive-the-soybean-by-products-market.html "Innovation-Based Discernment To Drive The Soybean By-products Market"). Various [technological advancements are happening to reduce the incision size](https://www.financedigest.com/all-shapes-and-sizes-how-to-match-your-technology-to-your-finances.html "All shapes and sizes: How to match your technology to your finances") and increase precision.

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These provide patient-specific 3D planning for hip joints and hence help surgeons to visualize the patient’s hip anatomy and prepare accordingly. This acts as a [driver for the market](https://www.financedigest.com/new-report-of-fuel-conditioning-system-market-with-size-growth-drivers-market-opportunities-business-trends-and-forecast-to-2028.html "New Report Of Fuel Conditioning System Market With Size, Growth Drivers, Market Opportunities, Business Trends And Forecast To 2028"). An increase in the number of new players in the [market and R & D investment by the companies for developing](https://www.financedigest.com/steel-pipe-market-notable-developments-geographical-outlook.html "Steel Pipe Market: Notable Developments & Geographical Outlook") new techniques and acquiring other companies is expected to increase demand for robotic-assisted hip replacement during the forecast period.

In March 2020, WHO declared the outbreak of [Covid-19 as a pandemic](https://www.financedigest.com/tissue-tapes-market-remains-afloat-amid-covid-19-pandemic-to-surge-positively-projects-fmi-2019-2029.html "Tissue Tapes Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2019 – 2029"). Like any other sector, the healthcare sector was also tremendously impacted by it. To combat the deadly virus, the hospitals were asked only to perform essential surgeries. As a result, many orthopaedic surgeries including hip replacement surgeries were cancelled.According to research, in the US during covid-19 approximately 3000 revision hip and knee replacement procedures were cancelled each week. Hence, COVID-19 harmed this [market which has led to major financial](https://www.financedigest.com/the-political-wildcard-what-is-trumps-us-presidential-nomination-doing-to-financial-markets.html "The political wildcard: What is Trump’s US presidential nomination doing to financial markets?") losses for the hospitals and manufacturers.

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**Some of the [leading manufacturers](https://www.financedigest.com/bowel-management-systems-market-demand-and-competitive-analysis-by-leading-manufacturers.html "Bowel Management Systems Market Demand and Competitive Analysis by Leading Manufacturers") of robotic-assisted hip replacement include,**

- Stryker
- Intuitive Surgical
- Think Surgical Inc.
- Johnson & Johnson Services Inc.
- Tinavi Medical Technologies Co.Ltd.
- Medtronic
- Zimmer Biomet
- Smith+Nephew
- Globus Medical
- NuVasive Inc.
- Wright Medical Group N.V
- Think Surgical Inc.

The [market is majorly dominated by North America](https://www.financedigest.com/the-north-america-synthetic-opioids-market-is-all-set-to-be-in-the-driver.html "The North America Synthetic Opioids Market is all set to be in the driver") with countries like the US and Canada. This is due to the presence of major players in this region and increase in the healthcare spending. Better access to government [funds and more acceptance of various grants and patents are also factors driving the market](https://www.financedigest.com/market-turmoil-a-boon-for-trend-following-hedge-funds.html "Market turmoil a boon for trend-following hedge funds") growth. This region is mainly driven by acquisitions.For instance, Stryker Corp. one of the biggest companies working to bring robot-assisted surgery acquired Mako Surgical.The other region that is seeing growth is the [Asia Pacific](https://www.financedigest.com/increase-yield-are-expected-to-drive-market-of-24-dichlorophenoxyacetic-acid-in-asia-pacific-region.html "Increase Yield Are Expected To Drive Market Of 2,4-dichlorophenoxyacetic Acid In Asia Pacific Region") region. This is due to [development in technologies and new players in the market](https://www.financedigest.com/fragrance-diffuser-market-notable-developments-geographical-outlook.html "Fragrance Diffuser Market: Notable Developments & Geographical Outlook"). Also, there has been a surge in the prevalence of arthritis in this region.

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[**Key Segments:**](https://www.financedigest.com/encapsulated-citric-acid-market-industry-research-segmentation-key-players-analysis-and-forecast-to-2029.html "Encapsulated Citric Acid Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2029")

**By Application**

- Partial hip replacement
- Total hip replacement
- [Hip resurfacing](https://www.financedigest.com/innovation-based-stability-to-keep-the-hip-resurfacing-implants-market-going.html "Innovation-Based Stability To Keep The Hip Resurfacing Implants Market Going")

**By** [Product Type](https://www.financedigest.com/xylooligosaccharide-market-size-share-and-trends-analysis-report-by-product-types-and-applications-forecast-to-2029.html "Xylooligosaccharide Market Size, Share And Trends Analysis Report By Product Types, And Applications Forecast To 2029")

- Passive systems
- Semi-active systems
- Active systems

**By Type of Technology**

- MAKO
- CASPAR
- ROBODOC system

**By End-User**

- Hospital
- Orthopaedic speciality clinic
- Ambulatory Surgical centres
- Academic and research institute

**By Region**

- North America
- [Latin America](https://www.financedigest.com/latin-america-automotive-hvac-market-size-share-growth-trends-and-forecast-analysis-to-2020.html "Latin America Automotive HVAC Market Size, Share, Growth Trends, and Forecast Analysis to 2020")
- Europe
- South Asia
- [East Asia](https://www.financedigest.com/russian-and-chinese-jets-patrol-east-asia-skies-capping-biden-trip.html "Russian and Chinese jets patrol East Asia skies, capping Biden trip")
- Oceania
- [Middle East](https://www.financedigest.com/stanchart-sees-asia-middle-east-as-bright-spots-in-weak-global-economy.html "StanChart sees Asia, Middle East as bright spots in weak global economy") and Africa

**Read More Trending “PMR Exclusive Article”-**

**Small Joint Replacement Market**– [Small Joint Replacement Market](https://www.persistencemarketresearch.com/market-research/small-joint-replacement-market.asp) Segmented By ankle replacement, digits replacement, elbow replacement and wrist replacement product type in hospitals and outpatient centers

**Craniomaxillofacial Implants Market**– [Craniomaxillofacial Implants Market](https://www.persistencemarketresearch.com/market-research/cranio-maxillofacial-implants-market.asp) Segmented By Plate and Screw Fixation Systems, Distraction Systems, Temporomandibular Joint Replacement Devices, Flap Fixation Devices and Bone Graft Substitutes with Calcium Ceramics, Polymers, Metals and Alloys, Biological Materials

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