The forecasted data for hip replacement procedures in Canada indicates a steady year-on-year increase from 2024. In 2023, actual procedures stood at approximately 67,500. From 2024 to 2028, a consistent demand is predicted, showing annual growth rates of 2.92% in 2025, 2.79% in 2026, 2.65% in 2027, and 2.54% in 2028, bringing the total procedures to 77,480 by 2028. The five-year compound annual growth rate (CAGR) is anticipated to be around 2.70%.
Future trends to watch for:
- Advancements in surgical technology potentially reducing procedure time and recovery.
- Growing aging population leading to higher demand for hip replacements.
- Potential policy changes affecting healthcare funding and access to surgeries.
- Increased focus on alternative treatments and preventive care measures.
