Global Joint Replacement Devices Market Size Study, By Product (Knee, Hip, Shoulder, Ankle, Elbow, Wrist, Bone Grafts), Surgery (Total, Partial, Revision), Type (Cemented, Cementless, Hybrid), End User (Hospitals, ASC, Trauma, Clinic), and Regional Forecasts 2022-2032

March 2025 | 285 pages | ID: GB2272E99F68EN
Bizwit Research & Consulting LLP

Abstracts

The Global Joint Replacement Devices Market is valued at approximately USD 22.5 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2024-2032. The rising prevalence of orthopedic diseases, the increasing demand for minimally invasive surgical procedures, and the growing geriatric population are key drivers fueling the market’s expansion. With conditions such as osteoarthritis, rheumatoid arthritis, osteoporosis, and degenerative joint diseases becoming more prevalent, the demand for joint replacement implants is surging. Additionally, technological advancements in robotics-assisted surgery, sensor-based implants, and 3D-printed prosthetics are revolutionizing patient outcomes and post-operative recovery rates.

The knee replacement devices segment is expected to experience significant growth due to the high incidence of knee osteoarthritis and sports-related injuries, particularly among the aging population. Similarly, total joint replacement surgeries are projected to see substantial adoption as they offer long-term relief to patients suffering from chronic joint conditions. The growing focus on hybrid fixation techniques and minimally invasive procedures is also contributing to enhanced patient recovery and shorter hospital stays, making joint replacement a more viable option for a wider range of patients.

Cemented fixation techniques are gaining traction due to their advantages, including reduced periprosthetic fractures, enhanced implant stability, and improved post-operative pain management. The increased adoption of minimally invasive surgery (MIS) in joint replacement procedures is another critical growth factor, as MIS techniques reduce hospital stays, blood loss, and trauma, thereby enhancing patient outcomes. Furthermore, hospitals and ambulatory surgical centers (ASCs) are witnessing a surge in joint replacement procedures, driven by higher patient awareness, improved healthcare accessibility, and the availability of cutting-edge medical infrastructure.

Asia-Pacific is expected to witness the highest growth rate during the forecast period due to increasing healthcare expenditure, rising disposable income, and expanding geriatric demographics in countries such as China, India, and Japan. Additionally, major market players are actively investing in expanding their presence in the APAC region, driving technological advancements and improving accessibility to high-quality joint replacement solutions. The rise in government-backed healthcare initiatives, affordable implant pricing, and growing medical tourism are further contributing to regional market expansion.

Major Market Players Included in This Report Are:

• Zimmer Biomet Holdings, Inc. (US)
• Stryker Corporation (US)
• Johnson & Johnson MedTech (US)
• Smith+Nephew (UK)
• B. Braun (Germany)
• Medtronic (Ireland)
• DJO Global (US)
• Conformis Inc. (US)
• Exactech Inc. (US)
• MicroPort Scientific Corporation (China)
• Corin Group (UK)
• Aesculap Implant Systems, LLC (Germany)
• Arthrex, Inc. (US)
• Wright Medical Group N.V. (Netherlands)
• United Orthopedic Corporation (Taiwan)

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Product:

• Knee Replacement Devices
• Hip Replacement Devices
• Shoulder Replacement Devices
• Elbow Replacement Devices
• Ankle Replacement Devices
• Wrist Replacement Devices
• Other Joint Replacement Devices
• Bone Graft Substitutes

By Surgery Type:

• Total Replacement
• Partial Replacement
• Revision Replacement

By Fixation Type:

• Cemented Fixation
• Cementless Fixation
• Hybrid Fixation
• Reverse Hybrid Fixation

By Surgical Technique:

• Traditional Surgery
• Minimally Invasive Surgery (MIS)
• Computer-Assisted Surgery (CAS)

By End-User:

• Hospitals & Surgical Centers
• Ambulatory Care Centers & Trauma Units
• Orthopedic Clinics

By Region:

North America:

• U.S.
• Canada
• Mexico

Europe:

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific:

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America:

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa (MEA):

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

Years Considered for the Study Are as Follows:

• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years (2022-2032).
• Annualized revenues and regional-level analysis for each market segment.
• Detailed geographical landscape, including country-level insights.
• Competitive landscape featuring company profiles, innovations, and market positioning.
• Analysis of key business strategies, including mergers, acquisitions, and R&D investments.
• Comprehensive market insights into demand-side and supply-side trends.

Contents

CHAPTER 1. GLOBAL JOINT REPLACEMENT DEVICES MARKET EXECUTIVE SUMMARY

1.1. Global Joint Replacement Devices Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Product
  1.3.2. By Surgery Type
  1.3.3. By Fixation Type
  1.3.4. By Surgical Technique
  1.3.5. By End-User
1.4. Key Market Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL JOINT REPLACEMENT DEVICES MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL JOINT REPLACEMENT DEVICES MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Prevalence of Osteoarthritis and Other Orthopedic Disorders
  3.1.2. Advancements in Minimally Invasive Surgery and Robotics-Assisted Procedures
  3.1.3. Rising Geriatric Population Driving Demand for Joint Replacement Surgeries
3.2. Market Challenges
  3.2.1. High Cost of Joint Replacement Surgeries and Implants
  3.2.2. Post-Surgical Complications and Long Rehabilitation Periods
3.3. Market Opportunities
  3.3.1. Growing Demand for Customized and 3D-Printed Joint Implants
  3.3.2. Expansion of Healthcare Infrastructure in Emerging Economies

CHAPTER 4. GLOBAL JOINT REPLACEMENT DEVICES MARKET INDUSTRY ANALYSIS

4.1. Porter’s Five Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s Five Force Model
  4.1.7. Porter’s Five Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economic
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends in the Market
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL JOINT REPLACEMENT DEVICES MARKET SIZE & FORECASTS BY PRODUCT 2022-2032

5.1. Segment Dashboard
5.2. Global Joint Replacement Devices Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Knee Replacement Devices
  5.2.2. Hip Replacement Devices
  5.2.3. Shoulder Replacement Devices
  5.2.4. Elbow Replacement Devices
  5.2.5. Ankle Replacement Devices
  5.2.6. Wrist Replacement Devices
  5.2.7. Bone Graft Substitutes

CHAPTER 6. GLOBAL JOINT REPLACEMENT DEVICES MARKET SIZE & FORECASTS BY SURGERY TYPE 2022-2032

6.1. Segment Dashboard
6.2. Global Joint Replacement Devices Market: Surgery Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Total Replacement
  6.2.2. Partial Replacement
  6.2.3. Revision Replacement

CHAPTER 7. GLOBAL JOINT REPLACEMENT DEVICES MARKET SIZE & FORECASTS BY FIXATION TYPE 2022-2032

7.1. Segment Dashboard
7.2. Global Joint Replacement Devices Market: Fixation Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Cemented Fixation
  7.2.2. Cementless Fixation
  7.2.3. Hybrid Fixation
  7.2.4. Reverse Hybrid Fixation

CHAPTER 8. GLOBAL JOINT REPLACEMENT DEVICES MARKET SIZE & FORECASTS BY SURGICAL TECHNIQUE 2022-2032

8.1. Segment Dashboard
8.2. Global Joint Replacement Devices Market: Surgical Technique Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Traditional Surgery
  8.2.2. Minimally Invasive Surgery (MIS)
  8.2.3. Computer-Assisted Surgery (CAS)

CHAPTER 9. GLOBAL JOINT REPLACEMENT DEVICES MARKET SIZE & FORECASTS BY END-USER 2022-2032

9.1. Segment Dashboard
9.2. Global Joint Replacement Devices Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  9.2.1. Hospitals & Surgical Centers
  9.2.2. Ambulatory Care Centers & Trauma Units
  9.2.3. Orthopedic Clinics

CHAPTER 10. GLOBAL JOINT REPLACEMENT DEVICES MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Joint Replacement Devices Market
  10.1.1. U.S. Market
  10.1.2. Canada Market
  10.1.3. Mexico Market
10.2. Europe Joint Replacement Devices Market
  10.2.1. UK Market
  10.2.2. Germany Market
  10.2.3. France Market
  10.2.4. Italy Market
  10.2.5. Spain Market
  10.2.6. Rest of Europe Market
10.3. Asia-Pacific Joint Replacement Devices Market
  10.3.1. China Market
  10.3.2. India Market
  10.3.3. Japan Market
  10.3.4. Australia Market
  10.3.5. South Korea Market
  10.3.6. Rest of Asia-Pacific Market
10.4. Latin America Joint Replacement Devices Market
  10.4.1. Brazil Market
  10.4.2. Argentina Market
  10.4.3. Rest of Latin America Market
10.5. Middle East & Africa (MEA) Joint Replacement Devices Market
  10.5.1. Saudi Arabia Market
  10.5.2. South Africa Market
  10.5.3. UAE Market
  10.5.4. Rest of MEA Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Zimmer Biomet Holdings, Inc.
  11.1.2. Stryker Corporation
  11.1.3. Johnson & Johnson MedTech
11.2. Top Market Strategies
11.3. Company Profiles

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
12.2. Data Mining
12.3. Analysis & Validation
12.4. Publishing

List Of Tables

LIST OF TABLES

TABLE 1. Global Joint Replacement Devices Market, Report Scope
TABLE 2. Global Joint Replacement Devices Market Estimates & Forecasts by Region, 2022-2032 (USD Million/Billion)
TABLE 3. Global Joint Replacement Devices Market Estimates & Forecasts by Product Type, 2022-2032 (USD Million/Billion)
TABLE 4. Global Joint Replacement Devices Market Estimates & Forecasts by Surgery Type, 2022-2032 (USD Million/Billion)
TABLE 5. Global Joint Replacement Devices Market Estimates & Forecasts by Fixation Type, 2022-2032 (USD Million/Billion)
TABLE 6. Global Joint Replacement Devices Market Estimates & Forecasts by Surgical Technique, 2022-2032 (USD Million/Billion)
TABLE 7. Global Joint Replacement Devices Market Estimates & Forecasts by End-User, 2022-2032 (USD Million/Billion)
TABLE 8. North America Joint Replacement Devices Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 9. Europe Joint Replacement Devices Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 10. Asia Pacific Joint Replacement Devices Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 11. Latin America Joint Replacement Devices Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 12. Middle East & Africa (MEA) Joint Replacement Devices Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 13. Key Players’ Market Share, 2023 (%)
TABLE 14. Competitive Landscape: Key Developments by Major Players (Mergers, Acquisitions, Partnerships)
TABLE 15. Impact of COVID-19 on the Joint Replacement Devices Market
TABLE 16. Government Regulations & Guidelines for Medical Devices by Region
TABLE 17. Porter’s Five Forces Analysis of the Joint Replacement Devices Market
TABLE 18. PESTEL Analysis of the Joint Replacement Devices Market
TABLE 19. Recent Technological Innovations in Joint Replacement Devices
TABLE 20. Market Expansion Strategies Adopted by Key Players
TABLE 21. Global Joint Replacement Devices Market Growth Rate Analysis (2022-2032)
TABLE 22. Market Trends Driving the Adoption of Minimally Invasive Surgeries
TABLE 23. Growth Prospects of 3D Printed Joint Implants
TABLE 24. Top Emerging Startups in the Joint Replacement Devices Market
TABLE 25. Key Industry Challenges & Possible Solutions
This list is not complete. The final report contains more than 100 tables. The list may be updated in the final deliverable.

List Of Figures

LIST OF FIGURES

FIGURE 1. Global Joint Replacement Devices Market, Research Methodology
FIGURE 2. Global Joint Replacement Devices Market, Market Estimation Techniques
FIGURE 3. Global Joint Replacement Devices Market, Size & Forecast Methods
FIGURE 4. Global Joint Replacement Devices Market, Key Trends (2023)
FIGURE 5. Global Joint Replacement Devices Market, Growth Prospects 2022-2032
FIGURE 6. Global Joint Replacement Devices Market, Porter’s Five Forces Model
FIGURE 7. Global Joint Replacement Devices Market, PESTEL Analysis
FIGURE 8. Global Joint Replacement Devices Market, Value Chain Analysis
FIGURE 9. Global Joint Replacement Devices Market by Product Type, 2022 & 2032 (USD Million/Billion)
FIGURE 10. Global Joint Replacement Devices Market by Surgery Type, 2022 & 2032 (USD Million/Billion)
FIGURE 11. Global Joint Replacement Devices Market by Fixation Type, 2022 & 2032 (USD Million/Billion)
FIGURE 12. Global Joint Replacement Devices Market by Surgical Technique, 2022 & 2032 (USD Million/Billion)
FIGURE 13. Global Joint Replacement Devices Market by End-User, 2022 & 2032 (USD Million/Billion)
FIGURE 14. North America Joint Replacement Devices Market, 2022 & 2032 (USD Million/Billion)
FIGURE 15. Europe Joint Replacement Devices Market, 2022 & 2032 (USD Million/Billion)
FIGURE 16. Asia Pacific Joint Replacement Devices Market, 2022 & 2032 (USD Million/Billion)
FIGURE 17. Latin America Joint Replacement Devices Market, 2022 & 2032 (USD Million/Billion)
FIGURE 18. Middle East & Africa (MEA) Joint Replacement Devices Market, 2022 & 2032 (USD Million/Billion)
FIGURE 19. Global Joint Replacement Devices Market, Competitive Landscape (2023)
FIGURE 20. Recent Product Launches in Joint Replacement Devices (2023)
FIGURE 21. Global Market Share of Key Players in the Joint Replacement Devices Market (2023)
FIGURE 22. Growth Rate of Knee vs. Hip Replacement Surgeries (2022-2032)
FIGURE 23. Adoption of 3D-Printed Implants in Joint Replacement Surgeries
FIGURE 24. Increase in Demand for Minimally Invasive Joint Replacement Procedures
FIGURE 25. Regulatory Framework Impacting the Joint Replacement Devices Market
This list is not complete. The final report contains more than 50 figures. The list may be updated in the final deliverable.