Orthopedic Joint Replacement Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Orthopedic Joint Replacement Market
The orthopedic joint replacement market size was valued at USD 20.80 billion in 2022, and the market is now projected to grow from USD 22.88 billion in 2023 to USD 37.99 billion by 2030, exhibiting a CAGR of 7.9 % during the forecast period of 2023-2030.
The COVID-19 pandemic led to huge declines, delays, and cancellations in non-compulsory surgical procedures, severely impacting marketplace boom. The CJRR Annual Report 2020-2021 highlighted a 26.4% lower in knee and a 12.9% decrease in hip substitute surgeries in Canada for the duration of 2020-21, by and large due to COVID-19 restrictions.
Technological innovations in orthopedic implants, which includes the development of customized joint implants, are expected to power market increase. The increasing call for for patient-precise implants addresses the particular anatomical wishes of individuals. Notably, in November 2022, Conforms Inc. Released the Imprint Knee System inside the U.S., introducing a ""Made-to-Measure"" option for Total Knee Arthroplasty (TKA), enhancing the customization and effectiveness of orthopedic solutions.
The increasing adoption of on-line equipment for orthopedic know-how is opening new marketplace growth avenues. Patients are using net-based totally resources to study orthopedic joint replacement, hook up with surgeons, and get entry to post-surgery rehabilitation facts. This trend enhances patient engagement and knowledgeable selection-making, riding call for for orthopedic services and innovations
Comprehensive Analysis of Orthopedic Joint Replacement Market Market
The orthopedic joint replacement market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated By Product Analysis, By Procedure Analysis, By End User Analysis. By Product Analysis include knee, hip, shoulder, By Procedure Analysis include ankle. replacement, partial replacement. By End User Analysis include hospitals & ASCs, orthopedic clinics.
The North America region lead the orthopedic joint replacement market share by benefitting a market size of USD 7.46 billion in 2022 due to increasing prevalence of osteoarthritis, growing demand for orthopedic joint replacement implants, and rising day-care surgeries
The top gamers inside the market play a critical role in the industry assuring market boom and placing marketplace standards. These players Stryker, Johnson & Johnson Services, Inc., Smith + Nephew, Zimmer Biomet, B. Braun Melsungen AG, Bioimpianti, Conformis, MicroPort Scientific Corporation, Enovis.. these market players provide a level-playing competitive landscape.
In November2022, An Australian orthopedic surgeon conducted the inaugural 3D-printed, personalized knee replacement surgery in regional Victoria, utilizing U.S.-developed technology available in Australia since March 2022.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 7.9% from 2023-2030
Unit Value (USD billion)
Segmentation By Product
Knee
Hip
Shoulder
Ankle
Others
By Procedure
Total Replacement
Partial Replacement
Others
By End User
Hospitals & ASCs
Orthopedic Clinics
Others
By Geography
North America (By Product, By Procedure, By End User, and By Country)
-U.S.
- Canada
Europe (By Product, By Procedure, By End User, and By Country/Sub-Region)
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
Asia Pacific (By Product, By Procedure, By End User, and By Country/Sub-Region)
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
Latin America (By Product, By Procedure, By End User, and By Country/Sub-Region)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Product, By Procedure, By End User, and By Country/Sub-Region)
- South Africa
- GCC
- Rest of the Middle East & Africa
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Prevalence of Osteoarthritis, By Key Countries/Regions, 2022
- 4.2. Prevalence of Rheumatoid Arthritis – By Key Countries/Regions, 2022
- 4.3. Joint Replacement Surgery- Snapshot
- 4.4. Key Industry Developments – Mergers, Acquisitions, Partnerships
- 4.5. New Product Launches, Key Players
- 4.6. Overview of the Regulatory Scenario By Key Countries
- 4.7. Impact of COVID-19 on the Market
- 5. Global Orthopedic Joint Replacement Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Market Analysis, Insights and Forecast – By Product
- 5.1.1. Knee
- 5.1.2. Hip
- 5.1.3. Shoulder
- 5.1.4. Ankle
- 5.1.5. Others
- 5.2. Market Analysis, Insights and Forecast – By Procedure
- 5.2.1. Total Replacement
- 5.2.2. Partial Replacement
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Hospitals & ASCs
- 5.3.2. Orthopedic Clinics
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Orthopedic Joint Replacement Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast – By Product
- 6.1.1. Knee
- 6.1.2. Hip
- 6.1.3. Shoulder
- 6.1.4. Ankle
- 6.1.5. Others
- 6.2. Market Analysis, Insights and Forecast – By Procedure
- 6.2.1. Total Replacement
- 6.2.2. Partial Replacement
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Hospitals & ASCs
- 6.3.2. Orthopedic Clinics
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Orthopedic Joint Replacement Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast – By Product
- 7.1.1. Knee
- 7.1.2. Hip
- 7.1.3. Shoulder
- 7.1.4. Ankle
- 7.1.5. Others
- 7.2. Market Analysis, Insights and Forecast – By Procedure
- 7.2.1. Total Replacement
- 7.2.2. Partial Replacement
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Hospitals & ASCs
- 7.3.2. Orthopedic Clinics
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Orthopedic Joint Replacement Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast – By Product
- 8.1.1. Knee
- 8.1.2. Hip
- 8.1.3. Shoulder
- 8.1.4. Ankle
- 8.1.5. Others
- 8.2. Market Analysis, Insights and Forecast – By Procedure
- 8.2.1. Total Replacement
- 8.2.2. Partial Replacement
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Hospitals & ASCs
- 8.3.2. Orthopedic Clinics
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Southeast Asia
- 8.4.6. Rest of Asia Pacific
- 9. Latin America Orthopedic Joint Replacement Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast – By Product
- 9.1.1. Knee
- 9.1.2. Hip
- 9.1.3. Shoulder
- 9.1.4. Ankle
- 9.1.5. Others
- 9.2. Market Analysis, Insights and Forecast – By Procedure
- 9.2.1. Total Replacement
- 9.2.2. Partial Replacement
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Hospitals & ASCs
- 9.3.2. Orthopedic Clinics
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Orthopedic Joint Replacement Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Market Analysis, Insights and Forecast – By Product
- 10.1.1. Knee
- 10.1.2. Hip
- 10.1.3. Shoulder
- 10.1.4. Ankle
- 10.1.5. Others
- 10.2. Market Analysis, Insights and Forecast – By Procedure
- 10.2.1. Total Replacement
- 10.2.2. Partial Replacement
- 10.2.3. Others
- 10.3. Market Analysis, Insights and Forecast – By End-User
- 10.3.1. Hospitals & ASCs
- 10.3.2. Orthopedic Clinics
- 10.3.3. Others
- 10.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2022)
- 11.2. Company Profiles (Overview, Product, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))
- 11.2.1. Johnson & Johnson Services, Inc.
- 11.2.1.1. Overview,
- 11.2.1.2. Product,
- 11.2.1.3. SWOT Analysis,
- 11.2.1.4. Recent Developments,
- 11.2.1.5. Strategies,
- 11.2.1.6. Financials (Based on Availability)
- 11.2.2. Stryker
- 11.2.2.1. Overview,
- 11.2.2.2. Product,
- 11.2.2.3. SWOT Analysis,
- 11.2.2.4. Recent Developments,
- 11.2.2.5. Strategies,
- 11.2.2.6. Financials (Based on Availability)
- 11.2.3. Smith & Nephew
- 11.2.3.1. Overview,
- 11.2.3.2. Product,
- 11.2.3.3. SWOT Analysis,
- 11.2.3.4. Recent Developments,
- 11.2.3.5. Strategies,
- 11.2.3.6. Financials (Based on Availability)
- 11.2.4. Zimmer Biomet
- 11.2.4.1. Overview,
- 11.2.4.2. Product,
- 11.2.4.3. SWOT Analysis,
- 11.2.4.4. Recent Developments,
- 11.2.4.5. Strategies,
- 11.2.4.6. Financials (Based on Availability)
- 11.2.5. Arthrex, Inc.
- 11.2.5.1. Overview,
- 11.2.5.2. Product,
- 11.2.5.3. SWOT Analysis,
- 11.2.5.4. Recent Developments,
- 11.2.5.5. Strategies,
- 11.2.5.6. Financials (Based on Availability)
- 11.2.6. Integra LifeSciences
- 11.2.6.1. Overview,
- 11.2.6.2. Product,
- 11.2.6.3. SWOT Analysis,
- 11.2.6.4. Recent Developments,
- 11.2.6.5. Strategies,
- 11.2.6.6. Financials (Based on Availability)
- 11.2.7. B. Braun Melsungen AG
- 11.2.7.1. Overview,
- 11.2.7.2. Product,
- 11.2.7.3. SWOT Analysis,
- 11.2.7.4. Recent Developments,
- 11.2.7.5. Strategies,
- 11.2.7.6. Financials (Based on Availability)
- 11.2.8. Bioimpianti
- 11.2.8.1. Overview,
- 11.2.8.2. Product,
- 11.2.8.3. SWOT Analysis,
- 11.2.8.4. Recent Developments,
- 11.2.8.5. Strategies,
- 11.2.8.6. Financials (Based on Availability)
- 11.2.9. Conformis
- 11.2.9.1. Overview,
- 11.2.9.2. Product,
- 11.2.9.3. SWOT Analysis,
- 11.2.9.4. Recent Developments,
- 11.2.9.5. Strategies,
- 11.2.9.6. Financials (Based on Availability)
- 11.2.10. MicroPort Scientific Corporation
- 11.2.10.1. Overview,
- 11.2.10.2. Product,
- 11.2.10.3. SWOT Analysis,
- 11.2.10.4. Recent Developments,
- 11.2.10.5. Strategies,
- 11.2.10.6. Financials (Based on Availability)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook