Market Overview:
The global hip and knee 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, rising geriatric population, and technological advancements in hip and knee replacement surgeries. The global hip replacement market is segmented by type into total hip systems, partial hip systems, revision hip systems, and by application into hips replacements and knees replacements. The total knee replacement system is further segmented into total knee systems, partial knee systems, revision knee system segments.
Product Definition:
Hip replacement surgery is a procedure in which the surgeon removes the worn-out or damaged hip joint and replaces it with an artificial implant. Knee replacement surgery is a procedure in which the surgeon removes the worn-out or damaged knee joint and replaces it with an artificial implant. Both surgeries are used to relieve pain and improve function in people with severe arthritis.
Total Hip Systems:
Total Hip Systems, also known as THS or Total Joint Replacement is a surgical procedure that involves replacing the damaged hip joint with an artificial one. The most common cause of hip joint damage is obesity which leads to arthritis-like conditions. Other factors leading to total hip replacement include trauma, cancer, infection and congenital deformities in the hips.
Partial Hip Systems:
Partial hip systems are used in total hip arthroplasty. They consist of components such as cups, ball bearings, and stems that are used to provide stability and support to the patient’s leg during surgery.
The partial hip system is a component-based approach for Total Hip Arthroplasty (THA).
Application Insights:
The hip replacement application segment dominated the market in 2017 owing to factors such as increasing geriatric population, rising awareness about the benefits of total hip replacement and growing preference for this procedure among women aged 55 years and above. On the other hand, knee replacement is expected to be fastest growing application over forecast period owing to increasing cases of osteoarthritis.
Increasing cases of obesity are also anticipated to contribute toward a significant rise in number of knee replacements procedures performed during the forecast period. According to data published by WHO, globally around 1.3 million people undergo cruciate ligament reconstruction surgery each year followed by 300 thousand arthroscopy surgeries per year worldwide.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare spending in this region compared to other regions are some factors that can be attributed for its large share. In addition, growing demand for advanced medical devices and replacement surgeries is expected to drive the market growth over the forecast period.
Asia Pacific is anticipated to witness fastest growth during the forecast period owing to rising geriatric population and increasing disposable income levels in emerging economies such as India and China. Furthermore, government initiatives encouraging healthy living by way of subsidies on fitness centers & gym membership are expected fuel regional growth over the next eight years.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching nearly 2 billion by 2020. This will create a large pool of patients with hip and knee replacements needs, thereby driving the market growth.
- Rising incidence of obesity and arthritis: Obesity is one of the leading risk factors for arthritis, which is a key driver for hip and knee replacement surgeries. According to the World Health Organization (WHO), over 1 billion adults were overweight in 2014, out of which more than 300 million were obese. Furthermore, the number of people with arthritis is also increasing due to aging population and rising levels of obesity around the world, thereby propelling demand for hip and knee replacements surgeries
- Technological advancements: Advancements in surgical techniques such as minimally invasive surgery (MIS) are resulting in shorter hospital stays and faster recoveries for patients undergoing hip or knee replacement surgery . This is encouraging more people to undergo these procedures, thereby driving market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Hip and Knee Replacement Market Research Report
By Type
Total Hip Systems, Partial Hip Systems, Revision Hip Systems, Total Knee Systems, Partial Knee Systems, Revision Knee Systems
By Application
Hip Replacement, Knee Replacement
By Companies
Zimmer Biomet, Johnson & Johnson, Stryker Corporation, Smith & Nephew, B. Braun, Wright Medical Group, Corin Group, Exactech, DJO Global, Waldemar Link, Mindray
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Hip and Knee Replacement Market Report Segments:
The global Hip and Knee Replacement market is segmented on the basis of:
Types
Total Hip Systems, Partial Hip Systems, Revision Hip Systems, Total Knee Systems, Partial Knee Systems, Revision Knee Systems
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
Hip Replacement, Knee Replacement
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 Corporation
- Smith & Nephew
- B. Braun
- Wright Medical Group
- Corin Group
- Exactech
- DJO Global
- Waldemar Link
- Mindray
Highlights of The Hip and Knee 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 Hip Systems
- Partial Hip Systems
- Revision Hip Systems
- Total Knee Systems
- Partial Knee Systems
- Revision Knee Systems
- By Application:
- Hip Replacement
- Knee Replacement
- 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 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
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 replacement is a surgery to replace the hip or knee joint. The surgery is done on an outpatient basis under general anesthesia.
Some of the key players operating in the hip and knee replacement market are Zimmer Biomet, Johnson & Johnson, Stryker Corporation, Smith & Nephew, B. Braun, Wright Medical Group, Corin Group, Exactech, DJO Global, Waldemar Link, Mindray.
The hip and knee replacement market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hip and Knee Replacement 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 Replacement 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 Replacement Market - Supply Chain
4.5. Global Hip and Knee Replacement Market Forecast
4.5.1. Hip and Knee Replacement Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hip and Knee Replacement Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hip and Knee Replacement Market Absolute $ Opportunity
5. Global Hip and Knee Replacement 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 Replacement Market Size and Volume Forecast by Type
5.3.1. Total Hip Systems
5.3.2. Partial Hip Systems
5.3.3. Revision Hip Systems
5.3.4. Total Knee Systems
5.3.5. Partial Knee Systems
5.3.6. Revision Knee Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hip and Knee Replacement 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 Replacement Market Size and Volume Forecast by Application
6.3.1. Hip Replacement
6.3.2. Knee Replacement
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hip and Knee Replacement 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 Replacement 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 Replacement 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 Replacement 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 Replacement Demand Share Forecast, 2019-2026
9. North America Hip and Knee Replacement 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 Replacement 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 Replacement Market Size and Volume Forecast by Application
9.4.1. Hip Replacement
9.4.2. Knee Replacement
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 Replacement Market Size and Volume Forecast by Type
9.7.1. Total Hip Systems
9.7.2. Partial Hip Systems
9.7.3. Revision Hip Systems
9.7.4. Total Knee Systems
9.7.5. Partial Knee Systems
9.7.6. Revision Knee Systems
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 Replacement Demand Share Forecast, 2019-2026
10. Latin America Hip and Knee Replacement 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 Replacement 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 Replacement Market Size and Volume Forecast by Application
10.4.1. Hip Replacement
10.4.2. Knee Replacement
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 Replacement Market Size and Volume Forecast by Type
10.7.1. Total Hip Systems
10.7.2. Partial Hip Systems
10.7.3. Revision Hip Systems
10.7.4. Total Knee Systems
10.7.5. Partial Knee Systems
10.7.6. Revision Knee Systems
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 Replacement Demand Share Forecast, 2019-2026
11. Europe Hip and Knee Replacement 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 Replacement 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 Replacement Market Size and Volume Forecast by Application
11.4.1. Hip Replacement
11.4.2. Knee Replacement
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hip and Knee Replacement Market Size and Volume Forecast by Type
11.7.1. Total Hip Systems
11.7.2. Partial Hip Systems
11.7.3. Revision Hip Systems
11.7.4. Total Knee Systems
11.7.5. Partial Knee Systems
11.7.6. Revision Knee Systems
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 Replacement Demand Share, 2019-2026
12. Asia Pacific Hip and Knee Replacement 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 Replacement 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 Replacement Market Size and Volume Forecast by Application
12.4.1. Hip Replacement
12.4.2. Knee Replacement
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 Replacement Market Size and Volume Forecast by Type
12.7.1. Total Hip Systems
12.7.2. Partial Hip Systems
12.7.3. Revision Hip Systems
12.7.4. Total Knee Systems
12.7.5. Partial Knee Systems
12.7.6. Revision Knee Systems
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 Replacement Demand Share, 2019-2026
13. Middle East & Africa Hip and Knee Replacement 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 Replacement 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 Replacement Market Size and Volume Forecast by Application
13.4.1. Hip Replacement
13.4.2. Knee Replacement
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 Replacement Market Size and Volume Forecast by Type
13.7.1. Total Hip Systems
13.7.2. Partial Hip Systems
13.7.3. Revision Hip Systems
13.7.4. Total Knee Systems
13.7.5. Partial Knee Systems
13.7.6. Revision Knee Systems
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 Replacement Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hip and Knee Replacement Market: Market Share Analysis
14.2. Hip and Knee Replacement Distributors and Customers
14.3. Hip and Knee Replacement Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Zimmer Biomet
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 & 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. Smith & Nephew
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. B. Braun
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wright Medical Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Corin Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Exactech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DJO Global
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Waldemar Link
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mindray
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