Total Hip and Knee Replacements Market is predicted to reach USD ~30.3 billion at a CAGR of ~4.80% during the forecast period 2022 to 2030.

Market Research Future (MRFR) has published a Half cooked research report on the “Global Total Hip and Knee Replacements Market” that contains information from 2022 to 2030. the Total Hip and Knee Replacements Market is estimated to register a CAGR of 4.80% during the forecast period of 2022 to 2030.

MRFR recognizes the following companies as the key players in the global total hip and knee replacements market— Zimmer Biomet (US), Johnson & Johnson Services, Inc. (US), Stryker (US), Smith & Nephew (UK), B. Braun SE (Germany), Wright Medical Group N.V. (US), Corin Group (UK), Exactech, Inc. (US), DJO, LLC (US), and Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China).

Market Highlights

The global total hip and knee replacements market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 30.03 billion by 2030.

One of the least expensive and generally successful orthopedic procedures is total hip arthroplasty (THA). It offers reliable results for people with advanced degenerative hip osteoarthritis. Improvements in quality of life, functional rehabilitation, and pain relief are all associated outcomes. The rising prevalence of various orthopedic conditions, particularly among the elderly population, such as osteoarthritis, carpal tunnel syndrome, ligament injuries, and lateral epicondylitis is also expected to boost the segment's growth. The World Health Organization (WHO) estimates that 1.71 billion individuals around the world suffer from musculoskeletal issues. Furthermore, due to a lack of activity and an increase in the adoption of sedentary lifestyles, these numbers are anticipated to grow quickly over the course of the next ten years, boosting the global market.

The increase in the prevalence of osteoarthritis & increasing cases of orthopedic injury, the growing number of partial replacement surgeries globally, and the rising elderly population are propelling the market growth. However, product recall due to mechanical complications, stringent regulatory norms, and the high cost of implant surgery is expected to hamper the growth of the global market. Nevertheless, the growing adoption of robot-assisted innovative surgeries and technological advancements in implant technology is projected to create lucrative opportunities for market players.

Explore In-depth Details: Total Hip and Knee Replacements Market Research Report

Segment Analysis

The global total hip and knee replacements market has been segmented based on procedure type, implant type, and end user.

On the basis of procedure type, the market is segmented into total hip replacement, partial hip replacement, revision hip replacement, total knee replacement, partial knee replacement, and revision knee replacement. The total knee replacement segment was attributed to holding the largest market share in 2022 as estimated by MRFR analysts. This is due to the increasing prevalence of knee and hip arthroplasty procedures. Moreover, most of the patients suffering from knee disorders belong to the geriatric population and hence they require total knee arthroplasty.

Further, we estimate that the market segment will continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses continuous innovations and movements in terms of new product launches

On the basis of the implant type, the market is segmented into mobile bearing, fixed bearing, and others. The fixed-bearing segment was attributed to holding the largest market share in 2022.

On the basis of the end user, the market is segmented into hospitals, ambulatory surgical centers, orthopedic clinics, and others. The hospital segment is projected to have the largest market share during the forecast period.

Regional Analysis

The global total hip and knee replacements market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe total hip and knee replacements market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The total hip and knee replacements market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the world’s total hip and knee replacements market comprises of Middle East, Africa, and Latin America.

The rising number of hip arthroplasty and increasing strategic collaborations between major players and the rising geriatric population in the North American region. According to the American Joint Replacement Registry (AJRR), in 2019, around 1.5 million hip and knee arthroplasty surgeries were recorded in the registry. As a result, this encourages the expansion of the total hip and knee replacement market.

Moreover, the Europe market has been persistently growing owing to favorable health reimbursement, increased demand for customized implants, and an increased number of surgeries in the European total hip and knee replacements market.

Additionally, market factors, such as rising spending in healthcare, quickly evolving healthcare infrastructure, growing medical tourism, and increasing volume of hip replacement surgeries in the Asia-Pacific region are driving the region’s growth.

Furthermore, the rest of the world's total hip and knee replacements market is divided into the Middle East, Africa, and Latin America. The major factors driving the growth of the total hip and knee replacements market in the region are the rising number of orthopedic injuries & diseases and the rise in the adoption of implants in these regions. Additionally, it is projected that factors such as the region's aging population, increased disposable income, and changing lifestyles will contribute to the market's expansion and are expected to propel the total hip and knee replacements market growth in the region.

Key Findings of the Study

• The global total hip and knee replacements market is expected to reach USD 30.03 billion by 2030, at a CAGR of 4.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, owing to the rising spending in healthcare, quickly evolving healthcare infrastructure, growing medical tourism, and growing health awareness among the population in the Asia-Pacific region.


• Based on implant type, the fixed bearing segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Zimmer Biomet (US), Johnson & Johnson Services, Inc. (US), Stryker (US), Smith & Nephew (UK), B. Braun SE (Germany), Wright Medical Group N.V. (US), Corin Group (UK), Exactech, Inc. (US), DJO, LLC (US), and Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China) are the key market players.