Defective hip implants are a major and ongoing problem throughout the U.S., yet the demand for the procedure is at an all-time high.
A recent analysis of the of the state of the hip replacement market though 2024 by Persistence Market Research looks at trends in the industry based up statistical research and predicts the state of the market in several years to come. A total hip replacement is the most common elective surgical procedure in the United States with over 600,000 artificial hips implanted in patients in any given year.
When we look to the global numbers, as discussed in this marketing study, we see these numbers are just as high in many other places in the world and the world market for hip implants is expected to increase at 4.7 percent, and when break down the numbers, this is a massive increase. Continue reading