The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

An Emerging Health Crisis:

• Sports injuries, ranging from torn ligaments to fractures, are on the rise.
• In the US alone, reported sports and recreational injuries increased by 20% in 2021 and 12% in 2022.
• In 2022, 3.6 million individuals sought medical treatment for sports-related injuries.

Market Response:

• Increasing sports injuries necessitate long-term solutions like joint replacement surgeries.
• Total hip and knee replacement market poised for significant growth.
• Market expected to reach $21.68 billion in 2024 with a compound annual growth rate (CAGR) of 6.1%.

Robotic Innovations Transforming Total Hip And Knee Replacement Surgery

A Technological Leap:

• Major players focusing on robot-assisted solutions to enhance surgical precision.
• DePuy Synthes launches Velys Digital Joint Reconstruction System for hip and knee replacements.
• System aids surgeons in achieving precise bone cuts and accurate joint positioning.

Market Dynamics:

• Companies investing in robotic innovations to gain a competitive edge.
• Total hip and knee replacement market projected to reach $26.64 billion in 2028 with a CAGR of 5.3%.

View More On The Total Hip and Knee Replacements Market Report 2024 – https://www.thebusinessresearchcompany.com/report/total-hip-and-knee-replacements-global-market-report

Enovis Corporation Enhances Orthopedic Portfolio With Acquisition Of Insight Medical Systems Inc

Strategic Expansion:

• Enovis Corporation acquires Insight Medical Systems Inc. to bolster orthopedic portfolio.
• Acquisition includes ARVIS, an FDA-cleared augmented reality solution for hip and knee replacements.

Market Reach:

• Insight Medical Systems specializes in total hip, total knee, and Unicompartmental arthroplasty systems.
• Market segmentation includes procedure type, implant type, and end-users.

The Future Outlook: Growth and Expansion

Market Segmentation:

• Segmented by procedure type: Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement.
• Segmented by implant type: Mobile Bearing, Fixed Bearing, Other Implant Types.
• Segmented by end-user: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, Other End-Users.

Regional Trends:

• North America leads the total hip and knee replacements market.
• Asia Pacific poised to witness the fastest growth in the forecast period.

Conclusion: Anticipating a Robust Future

• The total hip and knee replacements market is experiencing significant growth.
• Factors driving growth include technological advancements, rising sports injuries, and strategic acquisitions.
• With a strong forecasted CAGR, the market is set to expand, catering to the growing demand for joint replacement surgeries globally.

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