Market Overview:
The global hip and knee implants 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 incidence of arthritis, rising geriatric population, and technological advancements in implant design and materials. The global hip and knee implants market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into primary implant, partial or unicompartmental implant, revision implant. Partial or unicompartmental implants are further sub-segmented into uni-knee replacement (UKR), mini-incision UKR (MIUKR), total ankle arthroplasty (TAA), rotational acetabular osteotomy (RAO). Revision implants are further sub-segmented into total hip replacement (THR) revision surgery kit/systems & components; partial knee replacement revision surgery kit/systems & components; other revisions surgeries kit/systems & components). On the basis of application, hospitals accounted for majority share in 2017 owing to high number of surgical procedures performed in this setting as compared to specialized orthopedic clinics or others settings such as home care settings.
Product Definition:
Hip implants are medical devices that are used to replace the hip joint. Knee implants are medical devices that are used to replace the knee joint. Hip and knee implants can help improve mobility and quality of life for people with joint problems.
Primary Implant:
Primary implant is a medical device that is used in the replacement of damaged or diseased bone and connective tissue. The primary implant consists of an artificial component that has a screw, plate, rod or post attached to it. It's most commonly used for total hip arthroplasty (THA) and knee arthroplasty (KA).
The market size was valued at USD 1.6 billion in 2015.
Partial or Unicompartmental Implant:
Partial or Unicompartmental Implant is a surgical procedure where the implant is placed in one of the compartments of the patient's body. The other compartment remains free and accessible for movement. This allows doctors to place implants in different positions, which may otherwise be difficult to achieve through complete bicep tenotomy procedures.
Application Insights:
The hospitals application segment accounted for the largest share of 60.9% in 2017. The hospitals are the most preferred location for total hip replacement and revisional surgeries, as they offer advanced surgical care along with state-of-the-art facilities at an affordable cost. As per a study published in NCBI, out of total hip replacement surgeries performed nearly 75% were done in hospital settings while 25% were done outside hospital settings.
Specialized orthopedic clinics have been witnessing significant growth over the past few years due to increasing number of patients seeking treatment for various disorders pertaining to the musculoskeletal system especially knee & hip problems and sports injuries requiring surgery. Such factors are driving demand thus propelling market growth across regions over the forecast period.
Other applications include trauma/burn centers, home healthcare setting (in case of partial or unicompartmental implants), and others (such as dental implant surgery).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the increasing number of knee replacement surgeries, rising prevalence of osteoarthritis, and growing awareness about advanced surgical procedures. According to a study published in The American Journal of Sports Medicine in 2015, around 6 million men and women have undergone total hip or knee replacement surgery every year since 2000. In addition, favorable reimbursement policies for orthopedic implants are also expected to boost the regional market growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to factors such as improving healthcare infrastructure and rising patient disposable income levels that enable them choose from various treatment options available for joint problems including total hip or knee replacement surgeries.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 5.8% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for hip and knee implants, as these are commonly used by elderly patients suffering from arthritis or other joint-related problems.
- Rising incidence of obesity: Obesity is a major risk factor for developing osteoarthritis, which is one of the most common reasons for hip or knee replacement surgery. As obesity rates continue to rise around the world, there will be an increasing demand for hip and knee implants among obese patients.
- Advances in implant technology: The development of new implant technologies that provide better durability and functionality is likely to drive market growth over the next few years. For instance, recent advances in 3D printing technology have led to the development of customized implants that are better suited for individual patients’ needs. This could lead to an increase in adoption rates among surgeons and patients alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hip and Knee Implants Market Research Report
By Type
Primary Implant, Partial or Unicompartmental Implant, Revision Implant
By Application
Hospitals, Specialized Orthopedic Clinics, Others
By Companies
Smith & Nephew, Johnson and Johnson, Stryker Corporation, Zimmer Biomet, Integra Lifesciences, Exactech, Colfax Corporation, MicroPort, B. Braun
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Hip and Knee Implants Market Report Segments:
The global Hip and Knee Implants market is segmented on the basis of:
Types
Primary Implant, Partial or Unicompartmental Implant, Revision Implant
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
Hospitals, Specialized Orthopedic Clinics, 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:
- Smith & Nephew
- Johnson and Johnson
- Stryker Corporation
- Zimmer Biomet
- Integra Lifesciences
- Exactech
- Colfax Corporation
- MicroPort
- B. Braun
Highlights of The Hip and Knee Implants 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:
- Primary Implant
- Partial or Unicompartmental Implant
- Revision Implant
- By Application:
- Hospitals
- Specialized Orthopedic Clinics
- 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 Implants 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.
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- 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?
Hip and knee implants are medical devices that are inserted into the hip or knee to replace damaged or missing bones. Hip implants help support the weight of a person's body, while knee implants help restore mobility in those joints.
Some of the major players in the hip and knee implants market are Smith & Nephew, Johnson and Johnson, Stryker Corporation, Zimmer Biomet, Integra Lifesciences, Exactech, Colfax Corporation, MicroPort, B. Braun.
The hip and knee implants market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hip and Knee Implants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hip and Knee Implants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hip and Knee Implants Market - Supply Chain
4.5. Global Hip and Knee Implants Market Forecast
4.5.1. Hip and Knee Implants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hip and Knee Implants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hip and Knee Implants Market Absolute $ Opportunity
5. Global Hip and Knee Implants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hip and Knee Implants Market Size and Volume Forecast by Type
5.3.1. Primary Implant
5.3.2. Partial or Unicompartmental Implant
5.3.3. Revision Implant
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hip and Knee Implants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hip and Knee Implants Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Specialized Orthopedic Clinics
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hip and Knee Implants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hip and Knee Implants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hip and Knee Implants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hip and Knee Implants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hip and Knee Implants Demand Share Forecast, 2019-2026
9. North America Hip and Knee Implants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hip and Knee Implants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hip and Knee Implants Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Specialized Orthopedic Clinics
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hip and Knee Implants Market Size and Volume Forecast by Type
9.7.1. Primary Implant
9.7.2. Partial or Unicompartmental Implant
9.7.3. Revision Implant
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hip and Knee Implants Demand Share Forecast, 2019-2026
10. Latin America Hip and Knee Implants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hip and Knee Implants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hip and Knee Implants Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Specialized Orthopedic Clinics
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hip and Knee Implants Market Size and Volume Forecast by Type
10.7.1. Primary Implant
10.7.2. Partial or Unicompartmental Implant
10.7.3. Revision Implant
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hip and Knee Implants Demand Share Forecast, 2019-2026
11. Europe Hip and Knee Implants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hip and Knee Implants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hip and Knee Implants Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Specialized Orthopedic Clinics
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hip and Knee Implants Market Size and Volume Forecast by Type
11.7.1. Primary Implant
11.7.2. Partial or Unicompartmental Implant
11.7.3. Revision Implant
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hip and Knee Implants Demand Share, 2019-2026
12. Asia Pacific Hip and Knee Implants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hip and Knee Implants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hip and Knee Implants Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Specialized Orthopedic Clinics
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hip and Knee Implants Market Size and Volume Forecast by Type
12.7.1. Primary Implant
12.7.2. Partial or Unicompartmental Implant
12.7.3. Revision Implant
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hip and Knee Implants Demand Share, 2019-2026
13. Middle East & Africa Hip and Knee Implants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hip and Knee Implants Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hip and Knee Implants Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Specialized Orthopedic Clinics
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hip and Knee Implants Market Size and Volume Forecast by Type
13.7.1. Primary Implant
13.7.2. Partial or Unicompartmental Implant
13.7.3. Revision Implant
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hip and Knee Implants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hip and Knee Implants Market: Market Share Analysis
14.2. Hip and Knee Implants Distributors and Customers
14.3. Hip and Knee Implants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Smith & Nephew
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johnson and Johnson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Stryker Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zimmer Biomet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Integra Lifesciences
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Exactech
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Colfax Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MicroPort
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. B. Braun
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
