Evolving Market Trends In The Total Hip and Knee Replacements Industry: The Impact of Advanced Bearing Surfaces and Smith & Nephew's OR3OTM Dual Mobility System

The Total Hip and Knee Replacements Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Total Hip and Knee Replacements Market Size Expected to Be by 2034?
The market size for total hip and knee replacements has seen significant expansion in the previous years. A rise from $21.68 billion in 2024 to $22.97 billion in 2025 is projected, implying a compound annual growth rate (CAGR) of 6.0%. Factors like osteoarthritis and joint degeneration, increased patient awareness and education, advances in healthcare infrastructure, favorable reimbursement policies, and the worldwide expansion of medical tourism have contributed to this growth during the historic period.

Over the upcoming years, the market size of total hip and knee replacements is projected to experience significant growth, estimated to reach $28.26 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. This expected ascent during the forecast period can be ascribed to the progression in regenerative medicine, the use of biocompatible implant materials, the implementation of value-based healthcare systems, personalized medicine techniques, and the increasing need for joint preservation strategies. Major predicted trends for the forecast period incorporate technological evolutions in implant procedures, minimal invasive methods, robotic surgery, value-oriented care and packaged payment modules, as well as telehealth and remote patient surveillance.

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What Are the Emerging Segments Within the Total Hip and Knee Replacements Market?
The total hip and knee replacements market covered in this report is segmented -

1) By Procedure Type: Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement
2) By Implant Type: Mobile Bearing, Fixed Bearing, Other Implant Types
3) By End-User: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, Other End-Users

Subsegments:
1) By Total Hip Replacement: Primary Total Hip Replacement, Revision Total Hip Replacement
2) By Partial Hip Replacement: Hemiarthroplasty, Resurfacing Procedures
3) By Revision Hip Replacement: Complex Revision Procedures, Standard Revision Procedures
4) By Total Knee Replacement: Primary Total Knee Replacement, Revision Total Knee Replacement
5) By Partial Knee Replacement: Unicompartmental Knee Replacement, Patellofemoral Replacement
6) By Revision Knee Replacement: Complex Revision Procedures, Standard Revision Procedures

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What Long-Term Drivers Are Shaping Total Hip and Knee Replacements Market Trends?
The surge in sports-related injuries is anticipated to stimulate the growth of the total hip and knee replacement market. Sports injuries include a variety of physical harms endured during involvement in varied athletic activities or sports, affecting a multitude of body parts such as muscles, bones, tendons, ligaments, and joints. High-impact or repetitive sports traumas, like torn ligaments, cartilage damage, and fractures, may require joint replacement surgery as a sustainable remedy for significant damage to the hip and knee joints. For example, a report by the National Safety Council, a US-based non-profit organization, reveals that emergency departments treated 3.7 million individuals for sports and recreational equipment-related injuries in 2023. There was an 8% upsurge in injuries, with 482,886 cases reported in 2023 as opposed to 445,642 in 2022. Consequently, the rise in sports injuries will fuel the expansion of the total hip and knee replacement market. The escalating prevalence of obesity is also anticipated to stimulate the expansion of the total hip and knee replacement market. Obesity, characterized by an excessive accumulation of body fat detrimental to an individual's health, is on the rise. Hip and knee replacements serve as surgical solutions to joint issues caused by obesity, thereby enhancing patient's quality of life. Obesity can instigate joint pain and degradation, specifically in the hips and knees, given the heightened stress and pressure exerted on these load-bearing joints. For instance, the World Heart Foundation, a non-government global cardiovascular community based in Switzerland, reported in March 2023 that approximately 2.3 billion adults and children globally are obese or overweight. According to current trends, the number of individuals living with obesity is projected to hit 2.7 billion by 2025. Hence, the escalating prevalence of obesity is propelling the growth of the total hip and knee replacement market.

Who Are the Top Competitors in Key Total Hip and Knee Replacements Market Segments?
Major companies operating in the total hip and knee replacements market report are Johnson & Johnson, Stryker Corporation, B. Braun SE, DePuy Synthes Companies, Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Shenzhen Mindray Bio-Medical Electronics Co Ltd., Medtronic PLC, NuVasive Inc., Globus Medical Inc., Wright Medical Group N.V., MicroPort Scientific Corp, Exactech Inc., Beijing Chunlizhengda Medical Instruments, AK Medical Holdings Ltd., Mathys AG Bettlach, Corin Group, Waldemar Link GmbH Co., DJO Global Inc., Groupe Lépine, FH Orthopedics S.A.S, Conformis Inc., Peter Brehm GmbH, Adler Ortho S.R.L, implantcast GmbH

What Total Hip and Knee Replacements Market Trends Are Gaining Traction Across Different Segments?
Prominent firms in the total hip and knee replacement market are concentrating on developing advanced technologies like advanced bearing surfaces. The aim of these innovations is to extend the life-span of implants, reduce wear and tear and corrosion, enhance patient results, and lower the potential for complications such as dislocation. Thus, offering more reliable and efficient solutions for joint replacement procedures. Advanced bearing surface involves the use of novel materials and designs in joint implants to reduce wearing off and improve sustainability. Improved performance of hip and knee replacements is achieved through this technology by lessening the friction and corrosion, leading to favorable patient outcomes. For instance, In August 2023, Smith & Nephew plc, a medical technology company based in the UK, unveiled the OR3OTM Dual Mobility System. The OR3O system comprises a smaller diameter femoral head that fits into a larger polyethylene insert. This design enhances stability and offers a better range of motion as opposed to traditional hip implants.

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Which Regions Are Becoming Hubs for Total Hip and Knee Replacements Market Innovation?
North America was the largest region in the total hip and knee replacements market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the total hip and knee replacements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Total Hip and Knee Replacements Market?
2. What is the CAGR expected in the Total Hip and Knee Replacements Market?
3. What Are the Key Innovations Transforming the Total Hip and Knee Replacements Industry?
4. Which Region Is Leading the Total Hip and Knee Replacements Market?

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