Medical Devices for Manufacturers · Direct
Monitoring · monthlyProcurement Category Intelligence
Orthopedic Implants - Hip
Overview
Market size
$17.5B
global, USD
CAGR
4.8%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
1 high severity
Market outlook
2031$22.1B
What changed
Demand by region
North America demand45%
Europe demand28%
Asia-Pacific demand18%
Rest of world demand9%
share of global demandtotal 100%
Cost drivers
Raw Materials (Medical Grade Titanium, Cobalt-Chromium, Ceramics)25%
Precision Manufacturing and Cleanroom Packaging30%
Regulatory Compliance, Quality Assurance, and Clinical Trials20%
Sales, Marketing, and Specialized Surgeon Training15%
Distribution, Logistics, and Sterilization Services10%
share of delivered cost (analyst estimate)