Orthopedic Joint Replacement Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Orthopedic Joint Replacement Market: By Product ( Knee, Hip, Shoulder, Ankle Others) Procedure( Total Replacement, Partial Replacement Others) End User ( Hospital, Ambulatory Surgical Centers, Orthopedic Clinics and Others) and Geography

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Report

Description

The Orthopedic Joint Replacement Market size was valued at USD 21,322.2 million in 2021 and is expected to grow at a significant CAGR of 4.2% during the forecast period from 2022 to 2028. 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 Procedure, the Orthopedic Joint Replacement market is segmented into Total Replacement, Partial Replacement, Others. Among these, the Total Replacement segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on End Use, the market is segmented into Hospital, Ambulatory Surgical Centers, Orthopedic Clinics, and Others. Hospital is expected to dominate the market in the future according to Precision Business Insights.

Key Development:

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.

Orthopedic Joint Replacement Market

MARKET SUMMARY
-
4.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.2%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific

Orthopedic Joint Replacement Market

  • The global orthopedic joint replacement market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The orthopedic joint replacement market report gives historical, current, and future market sizes (US$ Mn) based on by product, procedure, end user and geography.
Key Players
  • Integra LifeSciences (U.S)
  • Smith & Nephew (U.K)
  • Zimmer Biomet (U.S)
  • Bioimpianti (Italy)
  • Conformis (U.S)
Orthopedic Joint Replacement Market Drivers

The increase in the prevalence of orthopedic disorders, osteoporosis, Osteoarthritis (OA), and lower extremity conditions are some factors driving the market for joint replacement.


North-America Got Significant Share

Orthopedic Joint Replacement Market

By region, the North America market is expected to witness highest market share during the forecast period. An increase in factors, such as the prevalence of osteoarthritis, geriatric population, availability of insurance coverage, and increase in trauma and accident cases and projected to drive the demand for joint replacements in North America.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The orthopedic joint replacement market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Orthopedic Joint Replacement Market


Location

GEOGRAPHY

Frequently Asked Questions

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


Report

Table Of Content

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. Product
2.2.2. Procedure
2.2.3. 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,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Kiloton)
5.1. Knee
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Total Replacement
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028
7.1. Hospital
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Kiloton)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
9. North America Orthopedic Joint Replacement Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Kiloton)
9.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
9.6. North America Orthopedic Joint Replacement Market Dynamics – Trends
10. Europe Orthopedic Joint Replacement Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Kiloton)
10.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
10.6. Europe Orthopedic Joint Replacement Market Dynamics – Trends
11. Asia-Pacific Orthopedic Joint Replacement Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Kiloton)
11.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
11.6. Asia-Pacific Orthopedic Joint Replacement Market Dynamics – Trends
12. Latin America Orthopedic Joint Replacement Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Kiloton)
12.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
12.6. Latin America Orthopedic Joint Replacement Market Dynamics – Trends
13. Middle East and Africa Orthopedic Joint Replacement Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Kiloton)
13.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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

Report

Company Profile

  • Stryker (U.S)
  • Johnson & Johnson Services, Inc. (U.S)
  • Smith & Nephew (U.K)
  • Zimmer Biomet (U.S)
  • Integra LifeSciences (U.S)
  • Bioimpianti (Italy)
  • Conformis (U.S)
  • MicroPort Scientific Corporation (China)
  • Braun Melsungen AG (Germany)

Description

The Orthopedic Joint Replacement Market size was valued at USD 21,322.2 million in 2021 and is expected to grow at a significant CAGR of 4.2% during the forecast period from 2022 to 2028. 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 Procedure, the Orthopedic Joint Replacement market is segmented into Total Replacement, Partial Replacement, Others. Among these, the Total Replacement segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on End Use, the market is segmented into Hospital, Ambulatory Surgical Centers, Orthopedic Clinics, and Others. Hospital is expected to dominate the market in the future according to Precision Business Insights.

Key Development:

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.

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