The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the total hip and knee replacements industry?
An increase in the number of sports injuries is expected to propel the growth of the total hip and knee replacement market going forward. Sports injuries refer to a range of physical injuries that occur as a result of participating in various athletic activities or sports, and these injuries affect different parts of the body, including muscles, bones, tendons, ligaments, and joints. High-impact or repetitive sports injuries, including torn ligaments, cartilage damage, and fractures, necessitate joint replacement surgery as a long-term solution for significant damage to the hip and knee joints. For instance, in 2023, according to a report by the National Safety Council, a US-based non-profit organization, in 2023, emergency departments treated 3.7 million people for injuries related to sports and recreational equipment. The number of injuries saw an 8% rise, with 482,886 reported in 2023 compared to 445,642 in 2022. Therefore, an increase in the number of sports injuries will drive the growth of the total hip and knee replacement market.
Total Hip and Knee Replacements Market Driver: Obesity’s Impact On Joint Health And Its Influence On The Total Hip And Knee Replacement Market
The increasing number of obesity patients is expected to propel the growth of the total hip and knee replacement market going forward. Obesity is a medical condition characterized by an excess accumulation of body fat to the extent that it may harm a person’s health. Hip and knee replacements are surgical procedures that can be used in obese patients to address joint problems and improve their quality of life. Obesity can contribute to joint pain and deterioration, especially in the hips and knees, due to the increased stress and pressure on these weight-bearing joints. For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-government global cardiovascular community, globally around 2.3 billion adults and children are obese or overweight, and with the current obesity trend, it is estimated that the number of people living with obesity will reach 2.7 billion by 2025. Therefore, the increasing number of obesity patents is driving the growth of the total hip and knee replacement market.
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What is the estimated market size of the total hip and knee replacements sector by 2029, based on current forecasts?
The total hip and knee replacements market size has grown strongly in recent years. It will grow from $21.68 billion in 2024 to $22.97 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to osteoarthritis and joint degeneration, patient awareness and education, healthcare infrastructure development, reimbursement policies, globalization of medical tourism.
The total hip and knee replacements market size is expected to see strong growth in the next few years. It will grow to $28.26 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to regenerative medicine advances, biocompatible implant materials, value-based healthcare initiatives, personalized medicine approaches, growing demand for joint preservation strategies. Major trends in the forecast period include technological advancements in implants, minimally invasive techniques, robot-assisted surgery, value-based care and bundled payment models, telehealth and remote patient monitoring.
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#Who are the top players in the total hip and knee replacements market?
Major companies operating in the total hip and knee replacements market report are Johnson & Johnson, Stryker Corporation, B. Braun SE, DePuy Synthes Companies, Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Shenzhen Mindray Bio-Medical Electronics Co Ltd., Medtronic PLC, NuVasive Inc., Globus Medical Inc., Wright Medical Group N.V., MicroPort Scientific Corp, Exactech Inc., Beijing Chunlizhengda Medical Instruments, AK Medical Holdings Ltd., Mathys AG Bettlach, Corin Group, Waldemar Link GmbH Co., DJO Global Inc., Groupe Lépine, FH Orthopedics S.A.S, Conformis Inc., Peter Brehm GmbH, Adler Ortho S.R.L, implantcast GmbH
#What are the major trends in the total hip and knee replacements market?
Major companies operating in the total hip and knee replacement market are focused on developing technologies such as advanced bearing surfaces to enhance implant longevity, reduce wear and corrosion, improve patient outcomes, and decrease the risk of complications like dislocation, thereby providing safer and more effective solutions for joint replacement surgeries. Advanced bearing surface refers to innovative materials and designs used in joint implants to minimize wear and improve durability. This technology enhances the performance of hip and knee replacements by reducing friction and corrosion, leading to better patient outcomes. For instance, in August 2023, Smith & Nephew plc, a UK-based medical technology company, launched the OR3OTM Dual Mobility System. The OR3O system features a small diameter femoral head that locks into a larger polyethylene insert. This design increases stability and provides an improved range of motion compared to traditional hip implants.
Which geography holds the highest total hip and knee replacements market share?
North America was the largest region in the total hip and knee replacements market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the total hip and knee replacements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the total hip and knee replacements market?
The total hip and knee replacements market covered in this report is segmented –
1) By Procedure Type: Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement
2) By Implant Type: Mobile Bearing, Fixed Bearing, Other Implant Types
3) By End-User: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, Other End-Users
Subsegments:
1) By Total Hip Replacement: Primary Total Hip Replacement, Revision Total Hip Replacement
2) By Partial Hip Replacement: Hemiarthroplasty, Resurfacing Procedures
3) By Revision Hip Replacement: Complex Revision Procedures, Standard Revision Procedures
4) By Total Knee Replacement: Primary Total Knee Replacement, Revision Total Knee Replacement
5) By Partial Knee Replacement: Unicompartmental Knee Replacement, Patellofemoral Replacement
6) By Revision Knee Replacement: Complex Revision Procedures, Standard Revision Procedures
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What defines the structure and scope of the total hip and knee replacements market?
Total hip and knee replacements refer to surgical procedures that involve replacing a damaged or arthritic hip or knee joint with artificial implants, typically made of metal, plastic, or ceramic materials. Total hip and knee replacements treat and address various medical conditions, such as knee damage or arthritis.
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