Key Insights into the Total Hip and Knee Replacements Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theTotal Hip and Knee Replacements Market?
An anticipated surge in sports injuries is forecast to stimulate the growth of the total hip and knee replacement market. Sports injuries encompass a range of physical harm that can happen through various athletic activities or sports, impacting parts of the body like muscles, bones, tendons, ligaments, and joints. Injuries that are caused by high-impact or repetitive sports, including ligament tears, cartilage damage, and fractures, may require joint replacement surgery as a long-term solution for significant damage to the hip and knee joints. The National Safety Council, a non-profit organization based in the US, made a report in 2023 stating that emergency departments treated 3.7 million people for injuries related to sports and recreational equipment. There was an 8% increase in the number of injuries, with 482,886 reported in 2023 compared to 445,642 in 2022. Consequently, an uptick in sports injuries is predicted to boost the growth of the total hip and knee replacement market.
Total Hip and Knee Replacements Market Driver: The Effect Obesity on Joint Health and Its Impact on The Total Hip And Knee Replacement Market
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#What Growth Opportunities Will Drive the Total Hip and Knee Replacements Market’s CAGR Through 2034?
The market size for total hip and knee replacements has seen robust growth in the past few years. The market, which was valued at $21.68 billion in 2024, is projected to reach $22.97 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%. Factors that have contributed to the growth during the historic period include the prevalence of osteoarthritis and joint degeneration, increased patient awareness and education, development of healthcare infrastructure, favorable reimbursement policies, and the global expansion of medical tourism.
Anticipated robust expansion can be seen in the total hip and knee replacements market in the coming years, projected to reach a value of $28.26 billion in 2029, with a compound annual growth rate (CAGR) of 5.3%. The progression predicted in this period can be linked to the developments in regenerative medicine, the utilization of biocompatible implant materials, initiatives in value-based healthcare, methods of personalized medicine, and the increasing need for joint preservation strategies. Key tendencies during this forecast period involve the technological progression in implants, less invasive techniques, surgeries aided by robots, value-based treatment and bundled payment schemes, and the application of telehealth and remote patient monitoring.
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What Are the Latest Innovations Influencing theTotal Hip and Knee Replacements Market?
Several key players in the market for total hip and knee replacement are concentrating their efforts on inventing cutting-edge technologies such as improved bearing surfaces. The goal is to extend the lifespan of implants, lower the possibilities of wear and corrosion, enhance patient results, and lower complication risks like dislocation. Hence, these ventures create safer, more effective solutions for joint replacement procedures. Enhanced bearing surfaces imply the use of new materials and designs in joint implants to lessen wear and increase durability. Such technologies augment the efficiency of hip and knee replacements by mitigating friction and corrosion, culminating in superior patient outcomes. For example, Smith & Nephew plc, a medical tech company based in the UK, introduced the OR3OTM Dual Mobility System in August 2023. The OR3O setup utilizes a small-diameter femoral head that securely fits into a larger polyethylene insert, thereby improving stability and offering a superior range of motion compared to traditional hip implants.
Who Are the Major Industry Players Accelerating Growth in theTotal 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
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Which Primary Segments of the Total Hip and Knee Replacements Market Are Driving Growth and Industry Transformations?
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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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theTotal Hip and Knee Replacements Market?# 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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