In 2023, hip replacement procedures in Canada stood at 176.4 units per hundred thousand persons. Forecasted data from 2024 to 2028 show a steady increase in procedures, with a year-on-year growth of about 2.2% annually. The compound annual growth rate (CAGR) over the next five years is projected to be 2.2%, indicating consistent growth in demand for hip replacements.
Future trends to watch for include advances in surgical techniques and technologies, potentially driving growth even further. Additionally, the aging population in Canada could lead to increased demand, impacting healthcare planning and resource allocation. Monitoring policy changes and healthcare funding will also be critical.
