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Joint Replacement Market

Joint Replacement Devices Market worth $31.09 billion by 2030

The report "Joint Replacement Devices Market by Product (Knee, Hip, Shoulder, Ankle, Elbow, Wrist, Bone Grafts), Surgery (Total, Partial, Revision), Type(Cemented, Cementless, Hybrid), Procedure type, End user (Hospitals, ASC, Trauma, Clinic) - Global Forecast to 2030", is estimated to reach USD 31.09 billion in 2030 from USD 23.42 billion in 2024, growing at a CAGR of 4.8% from 2024 to 2030. Rising focus on minimally-invasive surgical procedures and increasing prevalence of various orthopedic diseases is expected to drive the market. Increase in the number of revision and primary joint replacement devices procedures are the major growth drivers in this market. Minimally invasive surgical techniques offer multiple benefits such as decreased postoperative pain, lesser recovery time, reduced hospital stays, and reduced risks of complications than traditional surgery and is expected to propel the growth of the market during forecast period.

Browse 333 market data Tables and 63 Figures spread through 375 Pages and in-depth TOC on "Joint Replacement Devices Market by Product (Knee, Hip, Shoulder, Ankle, Elbow, Wrist, Bone Grafts), Surgery (Total, Partial, Revision), Type(Cemented, Cementless, Hybrid), Procedure type, End user (Hospitals, ASC, Trauma, Clinic) - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/joint-replacement-market-178584762.html

The knee replacement devices segment is to register a significant growth rate over the forecast period of 2024-2030.

Based on the product type, the global joint replacement devices market is segmented into knee replacement devices, hip replacement devices, shoulder replacement devices, elbow replacement devices, ankle replacement devices, wrist replacement devices, other replacement devices, and bone graft substitutes. The osteoporosis disease is more prevalent in geriatric people, leading to a high incidence of knee joint fractures that require artificial implants for its repair and reconstruction, thereby creating more demand  by the end users in this segment. Also, rising number of sports related injuries support the increasing use of knee replacement devices and is expected to increase its utilization in the hospitals and other end user facilities in coming years.

Total replacement segment in surgery type to register a significant growth over the forecast period of 2024-2030

By surgery type, the global joint replacement devices market is segmented into total replacement, partial replacement, and revision replacement. Globally, a consistent rise in various bone disorders such as rheumatoid arthritis, osteoporosis, osteomalacia, etc. supports the rise in the number of total replacement surgeries. Launch of new sensor-based implants enhances patient outcomes, reduces post operative pain, and helps to detect infection further supporting the growth of this segment.

Cemented fixation in type to register a significant growth over the forecast period of 2024-2029

By type, the global joint replacement devices market is segmented into cemented fixation, cementless fixation, hybrid fixation, and reverse hybrid fixation. Cemented fixation offer multiple benefits such as it helps to reduce periprosthetic fractures, reduces pain, supports accurate fixation of implant, and improves longevity. Use of bone cement such as polymethyl methacrylate improves the stability and enhances patient outcomes. Furthermore, factors such as rising prevalence of obesity among people, change if lifestyle, increase in osteoarthritis incidence fuels the segment growth.

Minimally invasive surgery in technique type to register a significant growth over the forecast period of 2024-2029

By technique, the global joint replacement devices market is segmented into traditional surgery, minimally invasive surgery, and computer assisted surgery. Minimally invasive surgery offer multiple benefits, few of them are it helps to reduce pain, decreased scarring, reduced blood loss and trauma, etc. Furthermore, factors such as increase in the incidence of various orthopedic diseases, increasing adoption of sensor-based implants, rising focus on the research and development by the key players to address unmet needs fuel the segment growth.

The hospitals & surgical centers accounted for the major share of the joint replacement devices market by end users in 2023.

The end user segment of the joint replacement devices market includes hospitals & surgical centers, ambulatory care centers & trauma units, and orthopedic clincs. In 2023, hospitals & surgical centers dominated the global joint replacement devices market by end user. The increasing focus of healthcare professionals in adopting minimally invasive surgical treatments coupled with rising demand for enhanced post-operative care, which are offered in various end user facilities is responsible for the growth of the segment. Increasing number of ambulatory surgical centers, quicker recovery time, initiatives for increasing awareness related to early detection further supports the growth of end user segment in the global joint replacement devices market.

The Asia Pacific market will register significant growth during the forecast period.

The Asia Pacific joint replacement devices market is estimated to grow significantly from 2024 to 2029. Consistent rise in disposable income and increase in target population is expected to fuel the Asia Pacific region market growth. Moreover, from past few years the APAC region is experiencing a rise in investments by major market players and the government, offering significant growth opportunities. Also, various expansion activities made by the key players in Asia Pacific market and presence of small and medium sized enterprises in the asia pacific region fuels the overall joint replacement devices market.

As of 2023, prominent players in the joint replacement devices market are Zimmer Biomet Holdings, Inc. (US), Stryker Corporation (US), Johnson & Johnson MedTech (US), Smith+Nephew (UK), B. Braun (Germany).

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Joint Replacement Devices Market Size,  Share & Growth Report
Report Code
MD 9286
PR Published ON
2/12/2025
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