Global Joint Replacement Devices Market Size Study, By Product, Surgery, Type, End User, and Regional Forecasts 2022-2032

Description

The Global Joint Replacement Devices Market is valued at approximately USD 22.5 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2024-2032. The rising prevalence of orthopedic diseases, the increasing demand for minimally invasive surgical procedures, and the growing geriatric population are key drivers fueling the market's expansion. With conditions such as osteoarthritis, rheumatoid arthritis, osteoporosis, and degenerative joint diseases becoming more prevalent, the demand for joint replacement implants is surging. Additionally, technological advancements in robotics-assisted surgery, sensor-based implants, and 3D-printed prosthetics are revolutionizing patient outcomes and post-operative recovery rates.

The knee replacement devices segment is expected to experience significant growth due to the high incidence of knee osteoarthritis and sports-related injuries, particularly among the aging population. Similarly, total joint replacement surgeries are projected to see substantial adoption as they offer long-term relief to patients suffering from chronic joint conditions. The growing focus on hybrid fixation techniques and minimally invasive procedures is also contributing to enhanced patient recovery and shorter hospital stays, making joint replacement a more viable option for a wider range of patients.

Cemented fixation techniques are gaining traction due to their advantages, including reduced periprosthetic fractures, enhanced implant stability, and improved post-operative pain management. The increased adoption of minimally invasive surgery (MIS) in joint replacement procedures is another critical growth factor, as MIS techniques reduce hospital stays, blood loss, and trauma, thereby enhancing patient outcomes. Furthermore, hospitals and ambulatory surgical centers (ASCs) are witnessing a surge in joint replacement procedures, driven by higher patient awareness, improved healthcare accessibility, and the availability of cutting-edge medical infrastructure.

Asia-Pacific is expected to witness the highest growth rate during the forecast period due to increasing healthcare expenditure, rising disposable income, and expanding geriatric demographics in countries such as China, India, and Japan. Additionally, major market players are actively investing in expanding their presence in the APAC region, driving technological advancements and improving accessibility to high-quality joint replacement solutions. The rise in government-backed healthcare initiatives, affordable implant pricing, and growing medical tourism are further contributing to regional market expansion.

Major Market Players Included in This Report Are:

Zimmer Biomet Holdings, Inc. (US)
Stryker Corporation (US)
Johnson & Johnson MedTech (US)
Smith+Nephew (UK)
B. Braun (Germany)
Medtronic (Ireland)
DJO Global (US)
Conformis Inc. (US)
Exactech Inc. (US)
MicroPort Scientific Corporation (China)
Corin Group (UK)
Aesculap Implant Systems, LLC (Germany)
Arthrex, Inc. (US)
Wright Medical Group N.V. (Netherlands)
United Orthopedic Corporation (Taiwan)

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Product:

Knee Replacement Devices
Hip Replacement Devices
Shoulder Replacement Devices
Elbow Replacement Devices
Ankle Replacement Devices
Wrist Replacement Devices
Other Joint Replacement Devices
Bone Graft Substitutes

By Surgery Type:

Total Replacement
Partial Replacement
Revision Replacement

By Fixation Type:

Cemented Fixation
Cementless Fixation
Hybrid Fixation
Reverse Hybrid Fixation

By Surgical Technique:

Traditional Surgery
Minimally Invasive Surgery (MIS)
Computer-Assisted Surgery (CAS)

By End-User:

Hospitals & Surgical Centers
Ambulatory Care Centers & Trauma Units
Orthopedic Clinics

By Region:

North America:

U.S.
Canada
Mexico

Europe:

UK
Germany
France
Italy
Spain
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Argentina
Rest of Latin America

Middle East & Africa (MEA):

Saudi Arabia
South Africa
UAE
Rest of MEA

Years Considered for the Study Are as Follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years (2022-2032).
Annualized revenues and regional-level analysis for each market segment.
Detailed geographical landscape, including country-level insights.
Competitive landscape featuring company profiles, innovations, and market positioning.
Analysis of key business strategies, including mergers, acquisitions, and R&D investments.
Comprehensive market insights into demand-side and supply-side trends.

Chapter 1. Global Joint Replacement Devices Market Executive Summary

1.1. Global Joint Replacement Devices Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Surgery Type
- 1.3.3. By Fixation Type
- 1.3.4. By Surgical Technique
- 1.3.5. By End-User
1.4. Key Market Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Joint Replacement Devices Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Joint Replacement Devices Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Prevalence of Osteoarthritis and Other Orthopedic Disorders
- 3.1.2. Advancements in Minimally Invasive Surgery and Robotics-Assisted Procedures
- 3.1.3. Rising Geriatric Population Driving Demand for Joint Replacement Surgeries
3.2. Market Challenges
- 3.2.1. High Cost of Joint Replacement Surgeries and Implants
- 3.2.2. Post-Surgical Complications and Long Rehabilitation Periods
3.3. Market Opportunities
- 3.3.1. Growing Demand for Customized and 3D-Printed Joint Implants
- 3.3.2. Expansion of Healthcare Infrastructure in Emerging Economies

Chapter 4. Global Joint Replacement Devices Market Industry Analysis

4.1. Porter's Five Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's Five Force Model
- 4.1.7. Porter's Five Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends in the Market
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Joint Replacement Devices Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Joint Replacement Devices Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Knee Replacement Devices
- 5.2.2. Hip Replacement Devices
- 5.2.3. Shoulder Replacement Devices
- 5.2.4. Elbow Replacement Devices
- 5.2.5. Ankle Replacement Devices
- 5.2.6. Wrist Replacement Devices
- 5.2.7. Bone Graft Substitutes

Chapter 6. Global Joint Replacement Devices Market Size & Forecasts by Surgery Type 2022-2032

6.1. Segment Dashboard
6.2. Global Joint Replacement Devices Market: Surgery Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Total Replacement
- 6.2.2. Partial Replacement
- 6.2.3. Revision Replacement

Chapter 7. Global Joint Replacement Devices Market Size & Forecasts by Fixation Type 2022-2032

7.1. Segment Dashboard
7.2. Global Joint Replacement Devices Market: Fixation Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Cemented Fixation
- 7.2.2. Cementless Fixation
- 7.2.3. Hybrid Fixation
- 7.2.4. Reverse Hybrid Fixation

Chapter 8. Global Joint Replacement Devices Market Size & Forecasts by Surgical Technique 2022-2032

8.1. Segment Dashboard
8.2. Global Joint Replacement Devices Market: Surgical Technique Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Traditional Surgery
- 8.2.2. Minimally Invasive Surgery (MIS)
- 8.2.3. Computer-Assisted Surgery (CAS)

Chapter 9. Global Joint Replacement Devices Market Size & Forecasts by End-User 2022-2032

9.1. Segment Dashboard
9.2. Global Joint Replacement Devices Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Hospitals & Surgical Centers
- 9.2.2. Ambulatory Care Centers & Trauma Units
- 9.2.3. Orthopedic Clinics

Chapter 10. Global Joint Replacement Devices Market Size & Forecasts by Region 2022-2032

10.1. North America Joint Replacement Devices Market
- 10.1.1. U.S. Market
- 10.1.2. Canada Market
- 10.1.3. Mexico Market
10.2. Europe Joint Replacement Devices Market
- 10.2.1. UK Market
- 10.2.2. Germany Market
- 10.2.3. France Market
- 10.2.4. Italy Market
- 10.2.5. Spain Market
- 10.2.6. Rest of Europe Market
10.3. Asia-Pacific Joint Replacement Devices Market
- 10.3.1. China Market
- 10.3.2. India Market
- 10.3.3. Japan Market
- 10.3.4. Australia Market
- 10.3.5. South Korea Market
- 10.3.6. Rest of Asia-Pacific Market
10.4. Latin America Joint Replacement Devices Market
- 10.4.1. Brazil Market
- 10.4.2. Argentina Market
- 10.4.3. Rest of Latin America Market
10.5. Middle East & Africa (MEA) Joint Replacement Devices Market
- 10.5.1. Saudi Arabia Market
- 10.5.2. South Africa Market
- 10.5.3. UAE Market
- 10.5.4. Rest of MEA Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Zimmer Biomet Holdings, Inc.
- 11.1.2. Stryker Corporation
- 11.1.3. Johnson & Johnson MedTech
11.2. Top Market Strategies
11.3. Company Profiles

Chapter 12. Research Process

12.1. Research Process
12.2. Data Mining
12.3. Analysis & Validation
12.4. Publishing