In 2023, the rate of hip replacement procedures in Canada for those aged 65 and over stood at 9.5 units per thousand. The forecast from 2024 to 2028 shows a steady increase in procedures, topping out at 9.9 units by 2027 and maintaining in 2028. Year-on-year growth is marginal, around 0.1 units annually, suggesting a stable yet modest upward trend. The compound annual growth rate (CAGR) over the five-year forecast period reflects a similar minor growth trajectory.

Future Trends to Watch For:

Aging population trends may drive demand higher.
Advancements in medical technology could reduce recovery time and costs, potentially increasing procedure volumes.
Policy changes in healthcare funding or insurance models may impact access and affordability.