In 2023, the number of hip replacement procedures performed as inpatient cases in Canada stood at 77.8 (assumed based on context). Forecasted data reveals a declining trend from 2024, with the number expected to drop to 72.7 in 2024 and continue decreasing annually to 52.4 by 2028. The year-on-year variations from 2024 onwards indicate a consistent decline around 7% to 9%. The predicted Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) highlights an average decrease of approximately 6% per year.
Future trends to watch include advancements in surgical techniques, potential shifts towards outpatient procedures, and demographic changes like an aging population which could ultimately alter the demand for inpatient hip replacement procedures.
