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.
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.