Joint Replacement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Joint Replacement Market is Segmented by Procedure (Hip Replacement, Knee Replacement, Elbow Replacement, Ankle Replacement and Others Procedures), Products, and Geography

Market Snapshot

Joint Replacement Market Pic 1
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.52 %

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Market Overview

The global joint replacement market is expected to witness a CAGR of 4.52% during the forecast period. Certain factors that are driving the market growth include the increasing prevalence of osteoarthritis, the rising cases of orthopaedic injury, and an increasing geriatric population.

Osteoarthritis plays a significant role in driving the joint replacement market by influencing the procedure volume. According to data provided by the Arthritis Foundation, in 2017, about 54.4 million adults in the United States had doctor-diagnosed arthritis. Along with this, osteoarthritis is the most common type of arthritis in the United Kingdom, predicted to affect nearly 9 million people.

Other factors, such as an increasing geriatric population and a number of orthopaedic injuries are also expected to drive the joint replacement market over the forecast period.

However, the cost of this procedure is becoming a major hindrance for the growth of the joint replacement market especially in the developing and the underdeveloped countries. According to the research article “The Cost of Joint Replacement”, published in 2018, the total cost per hip replacement was USD 22,076, whereas total cost per knee replacement was USD 29,488. Additionally, the presence of alternative methods is also restraining the market’s growth.

Scope of the Report

Joint replacement surgery is performed most frequently to replace joints, which involves the complete or partial removal of the damaged joint and tissues, to be replaced with new, man-made parts. The purpose of such a procedure is to relieve pain and restore a sense of normal function and mobility into the damaged joint. These joint replacement surgeries are predominantly suggested for patients undergoing severe pain and disability as a result of progressive arthritis. The devices for joint replacement surgeries include implants, grafts, and all oher instruments related to joint replacement procedure.

By Procedure
Hip Replacement
Knee Replacement
Elbow Replacement
Ankle Replacement
Other Procedures
By Products
Polymeric Biomaterials
Bone Grafts
Other Products
North America
Unite States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East & Africa
South Africa
Rest of Middle-East & Africa
South America
Rest of South America

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Key Market Trends

Knee Replacement is Expected to Hold a Significant Market Share in the Procedure Segment

The knee replacement segment is the leading segment, expected to witness major growth during the forecast periods, owing to the rising burden of the geriatric population, the growing prevalence of osteoarthritis and other chronic diseases like osteoporosis, and diabetes.

Total knee arthroplasty (TKA), also known as total knee replacement, is one of the most frequently performed orthopaedic procedures. Along with this, several studies have revealed the improvement in functionality after knee arthroplasty in the obese population.

According to the Agency for Healthcare Research and Quality, more than 600,000 knee replacements are performed each year in the United States. Similarly, Data from “The Second Australian Atlas of Healthcare Variation” showed that 53% of total knee replacements in Australia are due to obesity, as obesity puts excess pressure on weight-bearing joints.

Obesity Statistics.png

The Market is Dominated by North America and is Expected to Remain the Same in the Forecasted Period

Owing to the presence of well-established healthcare facilities, the rise in geriatric population in the region, and certain other factors, like the rising number of orthopaedic procedures, North America is likely to dominate the joint replacement market. In general, hip, knee and other joint replacement procedures are among the most common elective surgeries in the United States. The average age of patients undergoing hip replacement operations although continues to decrease, but more men are undergoing these operations than in the past, according to a study presented at the American Academy of Orthopaedic Surgeons' annual meeting. 

According to the American Academy of Orthopedic Surgeons, by 2030, total knee replacement surgeries are projected to grow 673% to 3.5 million procedures per year. This high projected number is indicative of the likely market growth during the forecast period. In addition, the market is also driven by the presence of all the leading manufacturers of the studied market.

Joint Replacement Market -  Growth Rate by Region-image

Competitive Landscape

The market is highly competitive and consists of a number of major players. Companies like Stryker Corporation, Zimmer Biomet Holdings, Inc., Depuy Synthes (Johnson & Johnson), Smith & Nephew, and Wright Medical Group, among others, hold the substantial market share in the Joint Replacement market.

Various developments have recently been taking place in the market, market players are actively participating in new product launches, developments and collaborations to expand their market share. For instance, In July 2018, Corin Group Launches Trinity Dual Mobility System for Hip Replacement.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Osteoarthritis

      2. 4.2.2 Rising Number of Cases of Orthopedic Injury

      3. 4.2.3 Increasing Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 Availability of Alternatives

      2. 4.3.2 Cost of the Procedure

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Procedure

      1. 5.1.1 Hip Replacement

      2. 5.1.2 Knee Replacement

      3. 5.1.3 Elbow Replacement

      4. 5.1.4 Ankle Replacement

      5. 5.1.5 Other Procedures

    2. 5.2 By Products

      1. 5.2.1 Implants

        1. Metallic

        2. Ceramic

        3. Polymeric Biomaterials

      2. 5.2.2 Bone Grafts

        1. Allograft

        2. Synthetic

      3. 5.2.3 Other Products

    3. 5.3 Geography

      1. 5.3.1 North America

        1. Unite States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle-East & Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East & Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 Corin Group

      3. 6.1.3 DJO Global, Inc.

      4. 6.1.4 Depuy Synthes (Johnson & Johnson)

      5. 6.1.5 Smith & Nephew

      6. 6.1.6 Stryker Corporation

      7. 6.1.7 Uteshiya Medicare

      8. 6.1.8 Wright Medical Group

      9. 6.1.9 Zimmer Biomet Holdings, Inc.

    2. *List Not Exhaustive

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Joint Replacement Market market is studied from 2018 - 2026.

The Joint Replacement Market is growing at a CAGR of 4.52% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Stryker Corporation, Zimmer Biomet Holdings, Inc., Depuy Synthes (Johnson & Johnson), Smith & Nephew, Wright Medical Group are the major companies operating in Joint Replacement Market.

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