Home > Orthopedics > What are the risks and benefits of Hip Replacement Get the Flash Player to see this player. Rate: (Click the stars to rate) Published on Jun 23, 2008 by TSculco, Views: 4111 What are the risks and benefits of a hip replacement. The benefit of hip replacement is improvement in pain, which is usually excellent, as well as improvement in function and motion. The risks include heart or lung problems around the time of the operation, as well as infection of the joint replacement.