Market Overview:
The global orthopedic joint replacement market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of arthritis, technological advancements in joint replacement surgeries, and rising geriatric population. The total replacement segment is expected to dominate the market during the forecast period owing to its high adoption rate for treating severe cases of arthritis and other musculoskeletal disorders. The ambulatory surgical centers segment is projected to grow at a higher CAGR than other segments during the forecast period due to increasing preference for outpatient surgeries among patients and healthcare providers. Geographically, North America dominates the global orthopedic joint replacement market followed by Europe and Asia Pacific.
Product Definition:
Orthopedic joint replacement is a surgical procedure to replace a damaged or diseased joint with an artificial one. The artificial joint is called a prosthesis. Orthopedic joint replacement may be used to replace any type of joint in the body, but it is most commonly used to replace the hip or knee.
Total Replacement:
Orthopedic joint replacement is a surgical procedure used to replace damaged or diseased joints. The most common conditions treated by orthopedic surgeons are knee and hip replacements. Knee replacement surgery has been the most commonly performed operation in orthopedics for many years, however, there have been significant advances in total joint arthroplasty which may be attributed to its decreased popularity as an option for the treatment of arthritis.
Partial Replacement:
Partial replacement is a surgical procedure wherein only a part of the bone is replaced by graft or implant. This partial replacement helps in reducing surgery time, complications and improves functional outcomes. The growing geriatric population base with joint problems coupled with rising healthcare expenditure has led to an increase in demand for partial joint replacements over total joint replacements.
Application Insights:
The total replacement segment dominated the market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to growing geriatric population, increasing cases of trauma and accidents, rising number of knee & hip replacements as a result of sports injuries and other reasons, high cost associated with this surgery which makes it inaccessible for majority of people globally.
Total replacement surgeries are majorly performed by surgeons who have expertise in this procedure. These surgeries require hospitalization for several days followed by a rehabilitation period at an orthopedic clinic or an outpatient facility.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of orthopedic hospitals and well-established healthcare infrastructure. Moreover, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region are responsible for its large share.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to improving economic conditions, increasing geriatric population, rising disposable income levels and growing medical tourism industry in this region. Japan held largest revenue share due to favorable reimbursement policies followed by China and India regarding total knee replacement surgeries performed as compared to other developed nations such as U.S., Germany & Canada which has been proved by various studies conducted on these issues (Osteoarthritis Research UK study). In addition, government initiatives encouraging people from all age groups suffering from osteoarthritis or rheumatoid arthritis are likely boost up usage rates over coming years (Japan Osteoarthritis Society).
Growth Factors:
- Increasing geriatric population: The global geriatric population is increasing at a rapid pace and this is expected to drive the demand for orthopedic joint replacement surgeries in the coming years.
- Rising incidence of arthritis: Arthritis is one of the leading causes of orthopedic joint pain and disability, which leads to increased demand for joint replacement surgeries.
- Advances in technology: The advances in technology have led to development of new implantable devices that are more effective and durable, thereby driving the growth of the orthopedic joint replacement market.
- Growing awareness about benefits of surgery: There has been a growing awareness among people about the benefits associated with orthopedic joint replacement surgeries, which is likely to boost market growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Joint Replacement Market Research Report
By Type
Total Replacement, Partial Replacement
By Application
Hospital, Ambulatory Surgical Centers, Orthopedic Clinics
By Companies
Zimmer Biomet, Johnson&Johnson, Stryker, Wright Medical, Integra LifeSciences, B.Braun Holding, Conformis, MicroPort Scientific
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Joint Replacement Market Report Segments:
The global Orthopedic Joint Replacement market is segmented on the basis of:
Types
Total Replacement, Partial Replacement
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
Hospital, Ambulatory Surgical Centers, Orthopedic Clinics
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:
- Zimmer Biomet
- Johnson&Johnson
- Stryker
- Wright Medical
- Integra LifeSciences
- B.Braun Holding
- Conformis
- MicroPort Scientific
Highlights of The Orthopedic Joint Replacement 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:
- Total Replacement
- Partial Replacement
- By Application:
- Hospital
- Ambulatory Surgical Centers
- Orthopedic Clinics
- 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 Orthopedic Joint Replacement 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
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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?
Orthopedic joint replacement is a surgical procedure to replace a damaged or worn out joint. Joint replacement may be necessary if the affected joint is not able to function properly due to arthritis, injury, or age.
Some of the key players operating in the orthopedic joint replacement market are Zimmer Biomet, Johnson&Johnson, Stryker, Wright Medical, Integra LifeSciences, B.Braun Holding, Conformis, MicroPort Scientific.
The orthopedic joint replacement market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Joint Replacement 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 Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Market Size & Forecast, 2018-2028
4.5.1 Orthopedic Joint Replacement Market Size and Y-o-Y Growth
4.5.2 Orthopedic Joint Replacement Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Market Size Forecast by Type
5.2.1 Total Replacement
5.2.2 Partial Replacement
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Ambulatory Surgical Centers
6.2.3 Orthopedic Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Joint Replacement 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 Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Market Size Forecast by Type
9.6.1 Total Replacement
9.6.2 Partial Replacement
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 Orthopedic Joint Replacement Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Ambulatory Surgical Centers
9.10.3 Orthopedic Clinics
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 Orthopedic Joint Replacement Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Market Size Forecast by Type
10.6.1 Total Replacement
10.6.2 Partial Replacement
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 Orthopedic Joint Replacement Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Ambulatory Surgical Centers
10.10.3 Orthopedic Clinics
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 Orthopedic Joint Replacement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Market Size Forecast by Type
11.6.1 Total Replacement
11.6.2 Partial Replacement
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 Orthopedic Joint Replacement Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Ambulatory Surgical Centers
11.10.3 Orthopedic Clinics
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 Orthopedic Joint Replacement Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Joint Replacement 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 Orthopedic Joint Replacement Market Size Forecast by Type
12.6.1 Total Replacement
12.6.2 Partial Replacement
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 Orthopedic Joint Replacement Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Ambulatory Surgical Centers
12.10.3 Orthopedic Clinics
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) Orthopedic Joint Replacement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Joint Replacement 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) Orthopedic Joint Replacement Market Size Forecast by Type
13.6.1 Total Replacement
13.6.2 Partial Replacement
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) Orthopedic Joint Replacement Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Ambulatory Surgical Centers
13.10.3 Orthopedic Clinics
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 Orthopedic Joint Replacement Market: Competitive Dashboard
14.2 Global Orthopedic Joint Replacement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zimmer Biomet
14.3.2 Johnson&Johnson
14.3.3 Stryker
14.3.4 Wright Medical
14.3.5 Integra LifeSciences
14.3.6 B.Braun Holding
14.3.7 Conformis
14.3.8 MicroPort Scientific
