Steady Expansion Forecast for Total Hip and Knee Replacements Market, Projected to Reach $28.26 Billion by 2029

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Total Hip and Knee Replacements Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for total hip and knee replacements has significantly expanded in the past years. It is projected to rise from $21.68 billion in 2024 to $22.97 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.0%. The substantial growth during the historical period can be credited to factors like osteoarthritis and joint decay, increased patient consciousness and education, development in healthcare infrastructure, reimbursement policies, and global expansion of medical tourism.

Total Hip and Knee Replacements Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for total hip and knee replacements is anticipated to experience substantial growth, reaching $28.26 billion by 2029 with a compound annual growth rate (CAGR) of 5.3%. This predicted growth during the forecast period may be due to advancements in regenerative medicine, the use of biocompatible materials in implants, value-based healthcare initiatives and personalized medicine strategies, and the increasing demand for joint preservation techniques. The forecast period will also likely see major trends such as the emergence of technological advancements in implants, minimally invasive surgical methods, robot-assisted surgery, value-based care and bundled payment models, as well as telehealth and remote patient monitoring.

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What Are the Drivers Transforming the Total Hip and Knee Replacements Market?
The growth of the total hip and knee replacement market is anticipated to be driven by a surge in sports injuries. These injuries, which can often result from engagement in various athletic activities, can harm muscles, bones, tendons, ligaments, and joints. High-impact or repetitive sports injuries such as ligament tears, cartilage damage, and fractures might lead to joint replacement surgery, typically for severe damage to hip and knee joints. The National Safety Council, a non-profit organization based in the US, reported that emergency departments treated approximately 3.7 million individuals for injuries related to sports and recreational equipment in 2023, with an 8% increase in injuries seen, leading to 482,886 reports in 2023 compared to 445,642 in 2022. Therefore, a rise in sports-related injuries will contribute to the growth of the total hip and knee replacement market. Principal Driver of the Total Hip and Knee Replacement Market: The Impact of Obesity on Joint Health

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What Long-Term Trends Will Define the Future of the Total Hip and Knee Replacements Market?
Forefront enterprises in the total hip and knee replacement arena are harnessing their efforts towards the advancement of technologies such as superior bearing surfaces. These improvements strive to augment implant longevity, mitigate wear and corrosion, enhance patient results, and diminish the potential risks of complications such as dislocation. These efforts are aimed at creating safer and more effective solutions for joint replacement procedures. The term "advanced bearing surface" is used to define innovative materials and designs, employed in joint implants to reduce wear and tear, thereby improving their durability. The introduction of such technology enhances the effectiveness of hip and knee replacements by mitigating friction and corrosion, which leads to improved patient results. For instance, in August 2023, Smith & Nephew plc, a prominent UK-based firm in the realm of medical technology, unveiled the OR3OTM Dual Mobility System. The innovative OR3O system features a diminutive diameter femoral head that locks seamlessly into a larger polyethylene insert, increasing stability and providing a superior range of motion in comparison to traditional hip implants.

Which Segments in the Total Hip and Knee Replacements Market Offer the Most Profit Potential?
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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Which Firms Dominate the Total Hip and Knee Replacements Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Total Hip and Knee Replacements Market?
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

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