Knee and Hip Replacement Market - Trends Forecast Till 2028

Market Overview

The global Knee and hip replacement market is anticipated to reach USD 5.82 billion by 2020 growing at a CAGR of 2.4% during the forecasting period, 2020-2028. Knee and hip replacement are procedures for replacing the painful hips and knees joints and helps in replacing them with an artificial joint often made from metal and plastic components. Factors such as technological advancements for improving surgical implant procedures and the growing patient population are some of the major drivers for the Knee and hip replacement market.

Key Findings

The global Knee and hip replacement market is segmented into type, component, procedure, material, surgical approach, fixation material, end-user, and geography.

The type segment is segmented into Hip Replacement and Knee Replacement

The component segment is segmented into Hip Stem System, Ace Tabular Cup Systems, Revision Accessories, Fixed Bearing Implants and Mobile Bearing Implants

Procedure segment is segmented into Total Hip Replacement, Partial Hip Replacement, Hip Resurfacing, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, and Revision Knee Replacement

The material segment is segmented into Metal Alloys, Ceramic Material, and Strong Plastic

The surgical Approach segment is segmented into the Direct Anterior Approach, Anterolateral Approach, Posterolateral Approach, Medial Parapatellar Approach, Midvastus Approach, Subvastus Approach, and Quadriceps Sparing Approach

Fixation Material segment is segmented into Cemented Fixation, Cementless Fixation, and Hybrid Fixation

The end-User segment is segmented into Hospital, Specialty Centers, Orthopedic Clinics and Others

Geographically, the global knee and hip replacement market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Regional Analysis

North America region is the largest contributor to the knee and hips replacement market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

Competitive Landscape

Key players in the global knee and hip replacement market are Stryker Corp., Depuy Synthesis, Zimmer Biomet, Smith & Nephew, Medtronic Spinal, DJO Global, Integra Lifesciences, Nuvasive Inc., Globus Medical, Wrught Medical, Surgival, Amedica Corp., Arthrex, Orthofix, Aspen Medical Products, Conmed Corp., Corin, Dfine, Exactech, Nuortho Surgical among others

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

• In 2017, Stryker Corp has announced the launch of the Mako Robotic-Arm Assisted Total Knee Application at the American Academy of Orthopaedic Surgeons. It would help the surgeons to have a more predictable surgical experience with increased accuracy
• In 2019, DJO Global has announced the launch of the first fully sterile, surgeon-controlled leg and retractor holder for Anterior Approach Hip Arthroplasty at AAOS

Hence, tremendous progress has been made over the last decade, and yet a lot more to come in the recent years

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for the knee and hip replacement market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope