Global Total Hip and Knee Replacements Market Growth Accelerates: Strategic Forecast Predicts $28.32 Billion by 2029

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What Will the Total Hip and Knee Replacements Industry Market Size Be by 2025?
Strong expansion has characterized the total hip and knee replacements market recently, projecting an increase from its 2024 valuation of $21.68 billion to $22.9 billion by 2025, reflecting a compound annual growth rate of 5.6%; this upward trajectory during the past years is traceable to factors such as the prevalence of osteoarthritis and joint deterioration, augmented patient understanding and education, enhancements in healthcare infrastructure, supportive reimbursement structures, and the worldwide expansion of medical tourism.

What's the Long-Term Growth Forecast for the Total Hip and Knee Replacements Market Size Through 2029?
Anticipating a robust expansion, the market encompassing total hip and knee replacements is projected to reach a valuation of $28.32 billion by the year 2029, sustaining a compound annual growth rate (CAGR) of 5.5% across the forthcoming period. This upward trajectory is underpinned by several key factors, such as progress in regenerative medicine, the development of implant materials exhibiting enhanced biocompatibility, the increasing adoption of value-based healthcare frameworks, the customization inherent in personalized medical treatments, and a rising imperative for joint preservation methodologies. Furthermore, significant shifts characterizing this forecast timeframe involve innovations in implant technology, the proliferation of minimally invasive surgical procedures, the integration of robot-assisted surgery, the implementation of value-based care coupled with bundled payment structures, and the growing utilization of telehealth along with remote monitoring for patients.

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What Are the Key Growth Drivers Fueling the Total Hip and Knee Replacements Market Expansion?
The anticipated rise in sports-related physical harm is positioned to be a key factor fueling the expansion of the overall market for hip and knee replacement procedures. Sports injuries encompass various bodily harm sustained during athletic engagement, affecting structures such as osseous tissue, soft tissues like muscles, ligaments, and tendons, as well as the articulating surfaces themselves. Severe trauma sustained from high-force or overly frequent athletic participation, exemplified by scenarios like fractured bones, ligament ruptures, or cartilage degradation, often leads to joint replacement interventions as the definitive remedy for substantial hip and knee joint compromise. Illustratively, data from the National Safety Council, a US non-profit entity, indicated that in 2023, emergency rooms addressed 3.7 million individuals for injuries associated with recreational and sporting apparatus; this count marked an 8% upward trend, registering 482,886 cases that year, a notable jump from the 445,642 incidents cataloged in 2022, consequently establishing that escalating sports injury statistics will serve as a strong catalyst for the advancement of the total hip and knee replacement sector.

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What Are the Key Trends Driving Total Hip and Knee Replacements Market Growth?
Leading corporations within the domain of total hip and knee replacement are directing their efforts toward innovating with sophisticated bearing surface technologies designed to extend the functional lifespan of implants, mitigate abrasive wear and corrosive degradation, elevate the results experienced by patients, and lessen the probability of adverse events such as dislocation, ultimately delivering solutions for joint replacement procedures that are both safer and more efficacious. These cutting-edge bearing surfaces encompass novel materials and engineering concepts incorporated into joint prosthetics for the purpose of minimizing material loss and boosting overall robustness; through the reduction of surface interaction resistance and chemical deterioration, this technological advancement notably boosts the efficacy of both hip and knee replacements, translating to superior patient recovery. To illustrate this, in August of 2023, Smith & Nephew plc, a medical technology firm headquartered in the United Kingdom, introduced the OR3OTM Dual Mobility System. The structural configuration of the OR3O system involves a reduced-size femoral head securely fastening into an enlarged polyethylene component, a configuration engineered to offer greater joint stability alongside an expanded arc of movement when contrasted with more conventional designs for hip prostheses.

How Is the Total Hip and Knee Replacements Market Segmented?
The total hip and knee replacementsmarket 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 Companies Are Leading the Charge in Total Hip and Knee Replacements Market Innovation?
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 Are Leading the Global Total Hip and Knee Replacements Market in Revenue?
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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