Key Trends and Insights into the Total Hip and Knee Replacements Market: Growth Rate and Opportunities to 2034
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What fueled the previous growth in the total hip and knee replacements market?
The total hip and knee replacements market has experienced strong growth, projected to increase from $21.68 billion in 2024 to $22.97 billion in 2025, achieving a CAGR of 6.0%. Growth in the historic period was influenced by osteoarthritis prevalence, patient awareness, healthcare infrastructure expansion, favorable reimbursement policies, and the globalization of medical tourism.
What will be the total hip and knee replacements market size in the future?
The total hip and knee replacements market is set for strong growth, reaching $28.26 billion by 2029 at a CAGR of 5.3%. Factors contributing to this growth include advancements in regenerative medicine, biocompatible implant materials, value-based healthcare initiatives, personalized medicine approaches, and increasing demand for joint preservation strategies. Trends include technological innovations in implants, minimally invasive procedures, robot-assisted surgeries, value-based care models, and telehealth integration.
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What main drivers are fueling expansion in the total hip and knee replacements market?
The total hip and knee replacement market is predicted to grow on the back of a rising number of sports injuries. Sports injuries, inflicting harm upon various body parts like muscles, tendons, bones, ligaments, and joints, are injuries suffered while participating in diverse athletic activities or sports. Joint replacement surgeries are often the viable long-term solution for serious damage to knee and hip joints caused by high-impact or recurrent sports injuries such as ligament tears, cartilage damage, and fractures. According to the National Safety Council, a non-profit organization based in the US, emergency departments in 2023 catered to 3.7 million individuals with injuries sustained from recreational and sports equipment. In 2023, the injury numbers rose by 8%, with 482,886 reported cases as against 445,642 in 2022. Therefore, the growing frequency of sports injuries will support the total hip and knee replacement market growth.
Total Hip and Knee Replacements Market Driver: The Effect of Obesity on Joint Health and its Contribution to the Total Hip And Knee Replacement Market
What key areas define the segmentation of the global total hip and knee replacements market?
The total hip and knee replacements market covered in this report is segmented –
1) By Procedure Type: Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement
2) By Implant Type: Mobile Bearing, Fixed Bearing, Other Implant Types
3) By End-User: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, Other End-Users
Subsegments:
1) By Total Hip Replacement: Primary Total Hip Replacement, Revision Total Hip Replacement
2) By Partial Hip Replacement: Hemiarthroplasty, Resurfacing Procedures
3) By Revision Hip Replacement: Complex Revision Procedures, Standard Revision Procedures
4) By Total Knee Replacement: Primary Total Knee Replacement, Revision Total Knee Replacement
5) By Partial Knee Replacement: Unicompartmental Knee Replacement, Patellofemoral Replacement
6) By Revision Knee Replacement: Complex Revision Procedures, Standard Revision Procedures
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Who are the dominant players expanding their reach in the total hip and knee replacements market?
Major companies operating in the total hip and knee replacements market report are Johnson & Johnson, Stryker Corporation, B. Braun SE, DePuy Synthes Companies, Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Shenzhen Mindray Bio-Medical Electronics Co Ltd., Medtronic PLC, NuVasive Inc., Globus Medical Inc., Wright Medical Group N.V., MicroPort Scientific Corp, Exactech Inc., Beijing Chunlizhengda Medical Instruments, AK Medical Holdings Ltd., Mathys AG Bettlach, Corin Group, Waldemar Link GmbH Co., DJO Global Inc., Groupe Lépine, FH Orthopedics S.A.S, Conformis Inc., Peter Brehm GmbH, Adler Ortho S.R.L, implantcast GmbH
How are evolving market trends shaping total hip and knee replacements Strategies?
Leading corporations in the total hip and knee replacement market are focusing their efforts on the advancement of technologies such as superior bearing surfaces. The aim here is to increase the lifespan of the implant, lessen wear and tear as well as corrosion, boost patient results, and lessen the chances of complications such as dislocation. By doing so, they aim to create safer and more efficient solutions for joint replacement procedures. Advanced bearing surface is a term used to describe innovative materials and designs utilized in joint implants to reduce wear and increase durability. This technology improves the functionality of hip and knee replacements by minimising friction and corrosion, thereby enhancing patient results. For instance, Smith & Nephew plc, a company that specializes in medical technology based in the UK, introduced its OR3OTM Dual Mobility System in August 2023. The OR3O system is equipped with a small diameter femoral head that fits into a larger polyethylene insert, which not only increases stability but also offers improved range of motion, an upgrade on traditional hip implants.
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Which regions are emerging as leaders in the total hip and knee replacements market?
North America was the largest region in the total hip and knee replacements market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the total hip and knee replacements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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