- Knee,
- Hip,
- Shoulder,
- Ankle Others
Orthopedic Joint Replacement Market size was valued at USD 21,322.2 million in 2022 and is poised to grow at a significant CAGR of 4.2% from 2023-2029. The global market provides a detailed overview of the market and that can be segmented By Product, Procedure, and End User. By Product, the market has been segmented into Knee, Hip, Shoulder, Ankle Others. The Knee segment is likely to be the largest and fastest-growing segment in terms of connectivity. Based on the Procedure, the Orthopedic Joint Replacement market is segmented into Total Replacement, Partial Replacement, and Others. Among these, the Total Replacement segment is expected to have the fastest-growing market during the forecast period. Based on End Users, the market is segmented into hospitals, ambulatory surgical centers, orthopedic clinics, and Others. Hospital is expected to dominate the market in the future according to Precision Business Insights.
In September 2022, Stryker has announced the release of Mako Total Hip 4.0. With CT-based 3D modeling and new planning features, this SmartRoboticsTM system provides unprecedented information.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The increase in the prevalence of orthopedic disorders, osteoporosis, Osteoarthritis (OA), and lower extremity conditions are some factors driving the market for joint replacement.
The orthopedic joint replacement market is projected to expand at a CAGR of 4.2% during the forecast period.
The major players in the global Orthopedic Joint Replacement market are Stryker (U.S), Johnson & Johnson Services, Inc. (U.S), Smith & Nephew (U.K), Zimmer Biomet (U.S), Integra Life Sciences (U.S), B. Braun Melsungen AG (Germany), Bioimpianti (Italy), Conformis (U.S), MicroPort Scientific Corporation (China).
North America is the fastest-growing region for orthopedic joint replacement market
1. Executive Summary |
2. Global Orthopedic Joint Replacement Market Introduction |
2.1. Global Orthopedic Joint Replacement Market Taxonomy |
2.2. Global Orthopedic Joint Replacement Market Definitions |
2.2.1. By Product |
2.2.2. By Procedure |
2.2.3. By End User |
3. Global Orthopedic Joint Replacement Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Orthopedic Joint Replacement Market Dynamic Factors - Impact Analysis |
3.6. Global Orthopedic Joint Replacement Market Competition Landscape |
3.7. Epidemiology |
4. Global Orthopedic Joint Replacement Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Orthopedic Joint Replacement Market, By Product, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
5.1. Knee |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Hip |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Shoulder |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Ankle |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Orthopedic Joint Replacement Market Forecast, By Procedure, 2018 - 2022 and Forecast, 2023 - 2029 |
6.1. Total Replacement |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Partial Replacement |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Others |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Orthopedic Joint Replacement Market Forecast, By End User, 2018 - 2022 and Forecast, 2023 - 2029 |
7.1. Hospital |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Ambulatory Surgical Centers |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Orthopedic Clinics |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Global Orthopedic Joint Replacement Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Orthopedic Joint Replacement Market - Opportunity Analysis Index, By Product, Procedure, End User, and Region, 2023 - 2029 |
9. North America Orthopedic Joint Replacement Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
9.1. Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Knee |
9.1.2. Hip |
9.1.3. Shoulder |
9.1.4. Ankle |
9.1.5. Others |
9.2. Procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Total Replacement |
9.2.2. Partial Replacement |
9.2.3. Others |
9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Hospital |
9.3.2. Ambulatory Surgical Centers |
9.3.3. Orthopedic Clinics |
9.3.4. Others |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Orthopedic Joint Replacement Market - Opportunity Analysis Index, By Product, Procedure, End User, and Country, 2023 - 2029 |
9.6. North America Orthopedic Joint Replacement Market Dynamics Trends |
10. Europe Orthopedic Joint Replacement Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
10.1. Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Knee |
10.1.2. Hip |
10.1.3. Shoulder |
10.1.4. Ankle |
10.1.5. Others |
10.2. Procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Total Replacement |
10.2.2. Partial Replacement |
10.2.3. Others |
10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Hospital |
10.3.2. Ambulatory Surgical Centers |
10.3.3. Orthopedic Clinics |
10.3.4. Others |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Orthopedic Joint Replacement Market - Opportunity Analysis Index, By Product, Procedure, End User,and Country, 2023 - 2029 |
10.6. Europe Orthopedic Joint Replacement Market Dynamics Trends |
11. Asia-Pacific Orthopedic Joint Replacement Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
11.1. Product Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Knee |
11.1.2. Hip |
11.1.3. Shoulder |
11.1.4. Ankle |
11.1.5. Others |
11.2. Procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Total Replacement |
11.2.2. Partial Replacement |
11.2.3. Others |
11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Hospital |
11.3.2. Ambulatory Surgical Centers |
11.3.3. Orthopedic Clinics |
11.3.4. Others |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Orthopedic Joint Replacement Market - Opportunity Analysis Index, By Product, Procedure, End User, and Country, 2023 - 2029 |
11.6. Asia-Pacific Orthopedic Joint Replacement Market Dynamics Trends |
12. Latin America Orthopedic Joint Replacement Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
12.1. Product Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Knee |
12.1.2. Hip |
12.1.3. Shoulder |
12.1.4. Ankle |
12.1.5. Others |
12.2. Procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Total Replacement |
12.2.2. Partial Replacement |
12.2.3. Others |
12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Hospital |
12.3.2. Ambulatory Surgical Centers |
12.3.3. Orthopedic Clinics |
12.3.4. Others |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Orthopedic Joint Replacement Market - Opportunity Analysis Index, By Product, Procedure, End User, and Country, 2023 - 2029 |
12.6. Latin America Orthopedic Joint Replacement Market Dynamics Trends |
13. Middle East and Africa Orthopedic Joint Replacement Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kiloton) |
13.1. Product Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Knee |
13.1.2. Hip |
13.1.3. Shoulder |
13.1.4. Ankle |
13.1.5. Others |
13.2. Procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Total Replacement |
13.2.2. Partial Replacement |
13.2.3. Others |
13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Hospital |
13.3.2. Ambulatory Surgical Centers |
13.3.3. Orthopedic Clinics |
13.3.4. Others |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Orthopedic Joint Replacement Market - Opportunity Analysis Index, By Product, Procedure, End User, and Country, 2023 - 2029 |
13.6. MEA Orthopedic Joint Replacement Market Dynamics Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Procedure& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. Stryker (U.S) |
14.2.2. Johnson & Johnson Services, Inc. (U.S) |
14.2.3. Smith & Nephew (U.K) |
14.2.4. Zimmer Biomet (U.S) |
14.2.5. Integra LifeSciences (U.S) |
14.2.6. B. Braun Melsungen AG (Germany) |
14.2.7. Bioimpianti (Italy) |
14.2.8. Conformis (U.S) |
14.2.9. MicroPort Scientific Corporation (China) |
15. Research Methodology |
16. Key Assumptions and Acronyms |