Emerging Growth Drivers in the Total Hip and Knee Replacements Market Landscape: Rising Sports Injuries Fuel Growth In Total Hip And Knee Replacement Market
Discover trends, market shifts, and competitive outlooks for the total hip and knee replacements industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Are the Projected Market Size and Growth Rates for the Total Hip and Knee Replacements Market From 2025 To 2029?
The market for total hip and knee replacements has seen significant growth in the last few years. It is projected to increase from $21.68 billion in 2024 to $22.97 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. Elements like osteoarthritis and joint degeneration, patient knowledge and education, advancements in healthcare infrastructure, reimbursement policies, and the international expansion of medical tourism have all contributed to this growth in the historical period.
The market size for total hip and knee replacements is anticipated to demonstrate substantial growth in the forthcoming years, with projections showing an increase to $28.26 billion in 2029, at a compound annual growth rate (CAGR) of 5.3%. This anticipated growth during the forecast period is attributed to development in regenerative medicine, the emergence of biocompatible implant materials, initiatives towards value-based healthcare, strategies for personalized medicine, and an increasing demand for joint preservation strategies. Key trends during this period are predicted to be the technological advancement in implants, the introduction of minimally invasive techniques and robot-assisted surgeries, value-based care and bundled payment models, as well as the rise of telehealth and remote patient monitoring.
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Which Primay Drivers Are Accelerating Growth in the Total Hip and Knee Replacements Market?
The rise in sports-related injuries is predicted to boost the growth of the total hip and knee replacement market. These injuries, typically incurred during various sports activities, can lead to musculoskeletal damages like muscle tears, bone fractures, tendon rips, ligament issues, and joint damages. Frequently, severe or repetitive injuries like damaged cartilage, torn ligaments, and fractures require joint replacement surgeries as a long-term remedy for significant damages to hip and knee joints. For example, data from the National Safety Council in 2023 showed that emergency departments treated 3.7 million people for sports and recreational tool-associated injuries, marking an 8% rise from 445,642 in 2022 to 482,886 in 2023. Consequently, the prevalence of sports injuries is anticipated to foster the growth of the total hip and knee replacement market. The escalating rate of obesity is believed to supplement the growth of the total hip and knee replacement market. Characterised by excessive body fat accumulation to a degree that adversely affects a person’s health, obesity can lead to joint problems that necessitate hip and knee replacement surgeries to improve the patients’ life quality. Obesity is known to contribute to joint wear and tear, particularly impacting the hip and knee joints due to the excessive weight-related pressure and stress. For example, the World Heart Foundation reported in March 2023 that approximately 2.3 billion adults and children worldwide are obese or overweight. The rising trend of obesity implies that this number may reach 2.7 billion by 2025. Consequently, the rise in obesity cases is fuelling the growth of the total hip and knee replacement market.
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 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
Which Technological Trends Are Reshaping the Total Hip and Knee Replacements Industry Dynamics?
Significant players in the total hip and knee replacement industry are concentrating their efforts on technology advancements, such as improved bearing surfaces, in order to increase the lifespan of implants, minimize wear and corrosion, enhance patient results, and reduce the likelihood of issues such as dislocation. The term “advanced bearing surface” refers to the use of new materials and designs to improve the durability and reduce wear and tear in joint implants. This technology boosts the effectiveness of hip and knee replacements by lowering friction and corrosion, hence resulting in superior patient outcomes. As an example, in August 2023, a British medical technology firm Smith & Nephew plc, introduced the OR3O™ Dual Mobility System. The OR3O system’s design includes a smaller femoral head that fits inside a larger polyethylene insert, yielding greater stability and an enhanced range of motion than traditional hip implants.
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What Parameters Are Used to Define the Total Hip and Knee Replacements Market?
Total hip and knee replacements refer to surgical procedures that involve replacing a damaged or arthritic hip or knee joint with artificial implants, typically made of metal, plastic, or ceramic materials. Total hip and knee replacements treat and address various medical conditions, such as knee damage or arthritis.
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