In Finland, the number of hip replacements performed has shown a consistent upward trend over the past decade. As of 2023, the volume reached 16.29 thousand procedures. From 2013 to 2023, the year-on-year growth rate fluctuated, with notable increases such as 6.52% in 2016 and slight declines like -3.95% in 2020. The compound annual growth rate (CAGR) for this period averaged around 2.38% in the initial years, stabilizing to 1.47% in the last five years, indicating steady demand for hip replacement procedures.
Looking forward, the forecast data from 2024 to 2028 suggests a continued increase, though at a moderated rate. The forecasted CAGR over the next five years is approximately 1.36%, resulting in an overall growth of 6.99% by 2028, reaching an estimated 17.75 thousand procedures.
Key future trends to watch for include:
- Potential advancements in surgical techniques and technology could further improve outcomes and reduce recovery times, potentially increasing demand.
- An aging population in Finland will likely drive continued growth in hip replacement procedures.
- Healthcare policy changes and possible resource allocation for elective surgeries could impact the rate of hip replacements.
