The joint replacement market size is estimated to be USD 19,205.1 million in 2022 and is expected to witness a CAGR of 6.75% during the forecast period 2023-2033. The escalating prevalence of chronic diseases, rise in orthopedic illnesses, osteoporosis, osteoarthritis (OA), ailments of the lower extremities, and technological developments and robotic surgery are factors contributing to the market growth. However, shortage of skilled professionals, and the prohibitive expense of joint replacement procedures is expected to hinder the growth.

Segmentation

By Type

On the basis of type, the market is categorized into hip replacement, knee replacement, shoulder replacement, and ankle replacement. In 2022, the knee replacement segment held the highest market share owing to improvements in medical technology, increasing numbers of physical accidents, and growing demand in emerging markets.

By Product

Based on product, the market is segregated into hip, knee, ankle, shoulder, and others. In 2022, the knee segment held the highest market share owing to an increase in age-related diseases including osteoporosis and arthritis, growing technical developments, including less invasive procedures, together with the availability of better implant materials.

By Fixation Type

In terms of fixation type, the market is divided into cementless, reverse hybrid, hybrid, and cemented. In 2022, the cemented segment held the highest market share owing to solid THA’s cost-effectiveness.

By End User

On the basis of end user, the market is segregated into orthopedic centers, hospitals, and ambulatory surgery center. In 2022, the hospitals segment held the highest market share owing to the increasing patient flow, availability of cutting-edge treatment alternatives, and favorable reimbursement guidelines.

Regional Markets

In 2022, North America region accounted for the highest revenue in the joint replacement market and is expected to maintain its dominance during the forecast period. This is attributed to the incidence of osteoarthritis, ageing population, availability of insurance coverage, and number of trauma and accident cases. However, the Asia-Pacific region is predicted to grow at the fastest rate during the projection period owing to the rising prevalence of diabetes, obesity, bone traumas, osteoarthritis, and osteoporosis worldwide, expanding older population, rising healthcare costs in emerging Asian nations

Competitor Insights

Some of the key players operating in the joint replacement market are AK Medical Holdings Limited (China), Arthrex Inc (US), B. Braun Melsungen AG (Germany), Conformis (US), DJO LLC US), Exactech Inc. (US), Johnson & Johnson Services, Inc. (DePuy Synthes) (US), Mathys AG Bettlach (Switzerland), Medacta International (Switzerland), MicroPort Orthopedics (US), Smith & Nephew (UK), Stryker (US), and Zimmer Biomet (US).

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including type, product, fixation type, and end user from 2023 to 2033.

Report Scope:

Segmentation: Joint Replacement Market Report 2022 – 2033

Type (Revenue, USD Million), 2022 – 2033

• Hip Replacement,
• Knees Replacement,
• Shoulder Replacement
• Ankle Replacement

Product (Revenue, USD Million), 2022 – 2033

• Hip
• Knee
• Ankle
• Shoulder
• Others

Fixation Type (Revenue, USD Million), 2022 – 2033

• Cementless
• Reverse Hybrid
• Hybrid
• Cemented

End User (Revenue, USD Million), 2022 – 2033

• Orthopaedic Centres
• Hospitals
• Ambulatory Surgery Centre

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA