Knee and Hip Replacement Market - Trends Forecast Till 2028

Knee and Hip Replacement Market, By Type (Hip Replacement, Knee Replacement), Component (Hip Stem System, Ace Tabular Cup Systems, Revision Accessories, Fixed Bearing Implants, Mobile Bearing Implants), Procedure (Total Hip Replacement, Partial Hip Replacement, Hip Resurfacing, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement), Material (Metal Alloys, Ceramic Material, Strong Plastic), Surgical Approach (Direct Anterior Approach, Anterolateral Approach, Posterolateral Approach, Medial Parapatellar Approach, Midvastus Approach, Subvastus Approach, Quadriceps Sparing Approach), Fixation Material (Cemented Fixation, Cementless Fixation, Hybrid Fixation), End User (Hospital, Specialty Centers, Orthopedic Clinics, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: September, 2020

Base Year Estimate: 2019

Report ID: D-HC-KAHRM-40

Format:  

Number of Pages: 287

Domain: Healthcare

Knee and Hip Replacement Market – Trends Forecast Till 2028

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.

Knee and Hip Replacement Market – Trends Forecast Till 2028

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

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.

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

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

Available Customizations

In addition to the market data for the knee and hip replacement market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirements.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the knee and hip replacement market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global knee and hip replacement market. Through secondary, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the knee and hip replacement market.

The primary respondent breakdown is provided below:

Knee and Hip Replacement Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the knee and hip replacement market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact the primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

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

 

Report Features

Description

Market Revenue In 2020

USD 5.82 billion

Growth Rate

CAGR of 2.4% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year 

2019

Units Considered

Revenue in USD billion and CAGR from 2020 to 2028

Report Segmentation

Type, Component, Procedure, Material, Surgical Approach, Fixation Material, End-User, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

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

Available Customization 

In addition to the market data for the knee and hip replacement market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

 

 

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