Global Joint Replacement Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Upper Extremities and Upper Body (Shoulder Replacement Devices, Elbow Replacement Devices, Wrist Replacement Devices,) Lower Extremities and Lower Body ( Knee Replacement Devices, Hip Replacement Devices, Ankle Replacement Devices,) Other joint Replacement Devices, Bone Grafts.

By Procedure Type;

Total Joint Replacement, Partial Joint Replacement, Revision Joint Replacement.

By Fixation Type;

Cemented Fixation, Cementless Fixation, Hybrid Fixation, Reverse Hybrid Fixation.

By End User;

Hospitals and Surgical Centers, Orthopedic Clinics, Trauma Centers & Ambulatory Surgical Centers, Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn111232997 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Joint Replacement Market (USD Million), 2021 - 2031

In the year 2024, the Global Joint Replacement Market was valued at USD 22,022.79 million. The size of this market is expected to increase to USD 29,610.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The global joint replacement market encompasses a wide range of orthopedic surgical procedures and implants aimed at restoring mobility, relieving pain, and improving the quality of life for individuals suffering from joint-related conditions, such as arthritis and traumatic injuries. This market includes hip replacements, knee replacements, shoulder replacements, and other joint replacement surgeries and devices used in orthopedic practice.

Several factors contribute to the growth and dynamics of the global joint replacement market. Firstly, the aging population worldwide is driving an increase in the prevalence of degenerative joint diseases, such as osteoarthritis, which often necessitate joint replacement surgery. As people live longer and remain active later in life, the demand for joint replacement procedures is expected to rise significantly, particularly in developed countries with aging populations.

Technological advancements in implant design, materials, and surgical techniques have led to improved outcomes and patient satisfaction in joint replacement surgery. Innovations such as minimally invasive surgical approaches, computer-assisted navigation systems, and advanced implant materials, including highly durable metals, ceramics, and polyethylene components, contribute to enhanced longevity, function, and survivorship of joint replacements.

Increasing awareness and acceptance of joint replacement surgery among patients, coupled with expanding access to healthcare services in emerging markets, contribute to the growth of the global joint replacement market. Patients are increasingly willing to undergo joint replacement procedures to alleviate pain, restore function, and improve their overall quality of life, driving demand for these orthopedic interventions worldwide.

Favorable reimbursement policies, healthcare infrastructure development, and the availability of skilled orthopedic surgeons and healthcare professionals further support market growth. Governments and healthcare organizations are investing in orthopedic care facilities and programs to meet the growing demand for joint replacement surgery and address the burden of musculoskeletal disorders on healthcare systems.

The global joint replacement market is characterized by the presence of established orthopedic device manufacturers, as well as emerging players offering innovative solutions and technologies. Market competitiveness drives continuous research and development efforts aimed at improving implant design, surgical techniques, and patient outcomes.

The global joint replacement market is poised for steady growth, driven by demographic trends, technological advancements, increasing patient awareness, and healthcare infrastructure development. As the prevalence of joint-related conditions continues to rise globally, joint replacement surgery remains a crucial treatment option for restoring mobility and improving the quality of life for millions of patients worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Procedure Type
    3. Market Snapshot, By Fixation Type
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Joint Replacement Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Technological Advancements
        3. Increasing Awareness and Patient Education
      2. Restraints
        1. High Cost of Joint Replacement Surgeries
        2. Complications and Risks
        3. Regulatory Challenges
      3. Opportunities
        1. Emerging Markets
        2. Personalized Medicine and Customized Implants
        3. Focus on Outpatient and Minimally Invasive Procedures
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Joint Replacement Market, By Product Type, 2021 - 2031 (USD Million)
      1. Upper extremities and upper body
        1. Shoulder replacement devices
        2. Elbow replacement devices
        3. Wrist replacement devices
      2. Lower extremities and lower body
        1. Knee replacement devices
        2. Hip replacement devices
        3. Ankle replacement devices
      3. Other joint replacement devices
      4. Bone grafts
    2. Global Joint Replacement Market, By Procedure Type, 2021 - 2031 (USD Million)
      1. Total Joint Replacement
      2. Partial Joint Replacement
      3. Revision Joint Replacement
    3. Global Joint Replacement Market, By Fixation Type, 2021 - 2031 (USD Million)
      1. Cemented Fixation
      2. Cementless Fixation
      3. Hybrid Fixation
      4. Reverse Hybrid Fixation
    4. Global Joint Replacement Market, By End User , 2021 - 2031 (USD Million)
      1. Hospitals and Surgical Centers
      2. Orthopedic Clinics
      3. Trauma Centers & Ambulatory Surgical Centers
      4. Others
    5. Global Joint Replacement Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Stryker Corporation
      2. Zimmer Biomet Holdings, Inc.
      3. Depuy Synthes (Johnson & Johnson)
      4. Smith & Nephew
      5. Wright Medical Group
  7. Analyst Views
  8. Future Outlook of the Market