Market Overview:
The global hip and knee artificial joints market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of arthritis, rising geriatric population, and technological advancements in artificial joint implants. Based on type, the global hip and knee artificial joints market is segmented into ceramics artificial joints, alloy artificial joints, and others. The ceramics artificial joint segment is expected to grow at a higher CAGR during the forecast period as compared to other segments due to its superior properties such as low weight and high strength. Based on application, the global hip and knee replacement market is segmented into prosthetics clinics, hospitals & rehabilitation centres, research institutes & others. The hospitals & rehabilitation centres segment dominates this market owing to increasing number of surgeries being performed in these settings across all regions covered in this study.
Product Definition:
A hip or knee artificial joint is a prosthetic device that replaces the functionality of a hip or knee, respectively. Hip and knee replacements are common surgical procedures, with an estimated 1.5 million performed in the United States between 2008 and 2012. The devices are used to treat conditions such as osteoarthritis, rheumatoid arthritis, and chronic pain.
Ceramics Artificial Joints:
Ceramics artificial joints are used in total joint arthroplasty and reconstruction. They are also used as an alternative to metal and other ceramic-based prosthetics. Ceramic artificial joints have a number of advantages over conventional ones, such as they can be made lighter, more porous for better lubrication, self-regulating with wear debris filtration system that eliminates the need for lubricants or greases.
Alloy Artificial Joints:
Alloy artificial joints are metal on plastic joint prosthesis used in the replacement of a natural hip or knee. They are manufactured using various metals and alloys such as stainless steel, cobalt-based alloy, titanium, aluminum and other exotic alloys. These products have been used since the early 20th century but were not introduced commercially until after World War II owing to high material costs and manufacturing difficulties.
Application Insights:
The prosthetics clinics segment dominated the global hip and knee artificial joints market in 2017 owing to factors such as increasing number of total knee replacement procedures, rising geriatric population, and high prevalence of obesity. Moreover, key players are investing significantly in R&D for developing advanced products for better results. For instance, Stryker Corporation has introduced a new generation of ceramic-on-metal total hip arthroplasty that provides improved durability over metal on metal designs while offering reduced wear debris and greater precision. Such developments are expected to drive the growth of this segment over the forecast period.
Hospitals were the second largest application segment in 2017 due to factors such as availability of advanced healthcare facilities along with highly skilled medical staff at hospitals capable of performing complex surgeries involving these devices every day.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness levels regarding advanced technologies, and availability of highly skilled doctors are some factors responsible for its large share. In addition, increasing cases of osteoarthritis and rheumatoid arthritis is also expected to drive the demand for these implants over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population in countries such as China and India that suffer from chronic diseases such as cardiovascular diseases (CVDs), diabetes, cancer, etc., thereby leading to an increase in hip & knee replacement surgeries. Moreover, government initiatives encouraging medical tourism are expected to further boost industry expansion across this region during the forecast period.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 5.8% from 2016 to 2020, reaching 1.6 billion by 2020. This will create a large pool of patients with orthopedic conditions, such as hip and knee arthritis, which will drive the demand for hip and knee artificial joints.
- Rising incidence of obesity: Obesity is one of the leading risk factors for developing osteoarthritis (OA), a condition that leads to joint pain and stiffness in the hips and knees. According to the World Health Organization (WHO), obesity has more than doubled since 1980, making it one of the world’s most serious public health challenges today. This is likely to lead to an increase in demand for hip and knee replacements in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hip and Knee Artificial Joints Market Research Report
By Type
Ceramics Artificial Joints, Alloy Artificial Joints, Others
By Application
Prosthetics Clinics, Hospitals, Rehabilitation Centre, Others
By Companies
Stryker, Johnson and Johnson, Zimmer Biomet, Smith and Nephew, B. Braun(Aesculap), Colfax, Medacta, Exactech, Limacorporate, Chunli, Stryker, AK Medical, MicroPort, Mathys, Wego
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Hip and Knee Artificial Joints Market Report Segments:
The global Hip and Knee Artificial Joints market is segmented on the basis of:
Types
Ceramics Artificial Joints, Alloy Artificial Joints, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Prosthetics Clinics, Hospitals, Rehabilitation Centre, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stryker
- Johnson and Johnson
- Zimmer Biomet
- Smith and Nephew
- B. Braun(Aesculap)
- Colfax
- Medacta
- Exactech
- Limacorporate
- Chunli
- Stryker
- AK Medical
- MicroPort
- Mathys
- Wego
Highlights of The Hip and Knee Artificial Joints Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ceramics Artificial Joints
- Alloy Artificial Joints
- Others
- By Application:
- Prosthetics Clinics
- Hospitals
- Rehabilitation Centre
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hip and Knee Artificial Joints Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hip and knee artificial joints are medical devices that allow people to walk, stand, and move around more easily. They are made of metal or plastic and fit over the bones in the hip or knee. The device connects to the bone with screws or pins.
Some of the major companies in the hip and knee artificial joints market are Stryker, Johnson and Johnson, Zimmer Biomet, Smith and Nephew, B. Braun(Aesculap), Colfax, Medacta, Exactech, Limacorporate, Chunli, Stryker, AK Medical, MicroPort, Mathys, Wego.
The hip and knee artificial joints market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hip and Knee Artificial Joints Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hip and Knee Artificial Joints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hip and Knee Artificial Joints Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hip and Knee Artificial Joints Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hip and Knee Artificial Joints Market Size & Forecast, 2018-2028
4.5.1 Hip and Knee Artificial Joints Market Size and Y-o-Y Growth
4.5.2 Hip and Knee Artificial Joints Market Absolute $ Opportunity
Chapter 5 Global Hip and Knee Artificial Joints Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hip and Knee Artificial Joints Market Size Forecast by Type
5.2.1 Ceramics Artificial Joints
5.2.2 Alloy Artificial Joints
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hip and Knee Artificial Joints Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hip and Knee Artificial Joints Market Size Forecast by Applications
6.2.1 Prosthetics Clinics
6.2.2 Hospitals
6.2.3 Rehabilitation Centre
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hip and Knee Artificial Joints Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hip and Knee Artificial Joints Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hip and Knee Artificial Joints Analysis and Forecast
9.1 Introduction
9.2 North America Hip and Knee Artificial Joints Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hip and Knee Artificial Joints Market Size Forecast by Type
9.6.1 Ceramics Artificial Joints
9.6.2 Alloy Artificial Joints
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hip and Knee Artificial Joints Market Size Forecast by Applications
9.10.1 Prosthetics Clinics
9.10.2 Hospitals
9.10.3 Rehabilitation Centre
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hip and Knee Artificial Joints Analysis and Forecast
10.1 Introduction
10.2 Europe Hip and Knee Artificial Joints Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hip and Knee Artificial Joints Market Size Forecast by Type
10.6.1 Ceramics Artificial Joints
10.6.2 Alloy Artificial Joints
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hip and Knee Artificial Joints Market Size Forecast by Applications
10.10.1 Prosthetics Clinics
10.10.2 Hospitals
10.10.3 Rehabilitation Centre
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hip and Knee Artificial Joints Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hip and Knee Artificial Joints Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hip and Knee Artificial Joints Market Size Forecast by Type
11.6.1 Ceramics Artificial Joints
11.6.2 Alloy Artificial Joints
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hip and Knee Artificial Joints Market Size Forecast by Applications
11.10.1 Prosthetics Clinics
11.10.2 Hospitals
11.10.3 Rehabilitation Centre
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hip and Knee Artificial Joints Analysis and Forecast
12.1 Introduction
12.2 Latin America Hip and Knee Artificial Joints Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hip and Knee Artificial Joints Market Size Forecast by Type
12.6.1 Ceramics Artificial Joints
12.6.2 Alloy Artificial Joints
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hip and Knee Artificial Joints Market Size Forecast by Applications
12.10.1 Prosthetics Clinics
12.10.2 Hospitals
12.10.3 Rehabilitation Centre
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hip and Knee Artificial Joints Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hip and Knee Artificial Joints Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hip and Knee Artificial Joints Market Size Forecast by Type
13.6.1 Ceramics Artificial Joints
13.6.2 Alloy Artificial Joints
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hip and Knee Artificial Joints Market Size Forecast by Applications
13.10.1 Prosthetics Clinics
13.10.2 Hospitals
13.10.3 Rehabilitation Centre
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hip and Knee Artificial Joints Market: Competitive Dashboard
14.2 Global Hip and Knee Artificial Joints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker
14.3.2 Johnson and Johnson
14.3.3 Zimmer Biomet
14.3.4 Smith and Nephew
14.3.5 B. Braun(Aesculap)
14.3.6 Colfax
14.3.7 Medacta
14.3.8 Exactech
14.3.9 Limacorporate
14.3.10 Chunli
14.3.11 Stryker
14.3.12 AK Medical
14.3.13 MicroPort
14.3.14 Mathys
14.3.15 Wego
