Hip and Knee Replacement Market Size, Share, Growth, and Industry Analysis, By Type (Total Hip Systems, Partial Hip Systems, Revision Hip Systems, Total Knee Systems, Partial Knee Systems, and Revision Knee Systems), By Application (Hip Replacement, and Knee Replacement), and Regional Forecast to 2033

HIP AND KNEE REPLACEMENT MARKET OVERVIEW

The global hip and knee replacement market was valued at USD 25.8 billion in 2024 and is expected to grow to USD 26.83 billion in 2025, reaching USD 29.02 billion by 2033, with a projected CAGR of 4% from 2025 to 2033.

Lots of people with persistent joint pain now turn to hip and knee replacement surgeries to improve their lifestyle. At this point, people often get these procedures because their hip or knee discomfort makes it hard to do normal activities like walking the dog, climbing stairs, or getting a satisfying sleep. Such things as arthritis or old injury may eventually wear out the joints, so when painkillers and physical therapy no longer work, surgery is often suggested. While doing these operations, damaged joint areas are removed and an artificial part made from steel, ceramic, or plastic is installed to allow painless and sturdy movement. A large number of people feel they get a second opportunity to fully experience life.

Now, this hobby is practiced far more often because many believe everyone should be lively and independent as they age. Replacements are not only chosen by seniors anymore—lots of younger adults want to stay active, work, play with kids, and enjoy their hobbies in comfort. Thanks to advanced methods and robust materials used in surgical treatments, healing happens faster, and results are improved. Patients now get another reference guide that leads them from preparing for surgery to rehab, including special gadgets to help them heal faster. As clinic reviews become positive and knee and hip surgeries draw less negative attention, they are being chosen more and more by people who need to manage their mobility.

GLOBAL CRISES IMPACTING HIP AND KNEE REPLACEMENT MARKET

COVID-19 PANDEMIC IMPACT

Market Had a Negative Effect Due to Healthcare Concentration on Covid-19

The COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had a deeply non-public and painful effect at the hip and knee alternative marketplace, some distance beyond what numbers can show. For such a lot of people who had been living with regular pain, restrained mobility, and the hope of ultimately getting back to a normal life, their surgeries were all at once placed on hold. Hospitals were crushed, and resources needed to be diverted to handle the disaster, which meant that joint replacements, although important to the best of lifestyles, have been dismissed. Patients who had mentally and emotionally organized for surgical operation observed themselves caught in limbo, regularly in increasing pain, and with worsening conditions. It wasn’t just frustrating—it became heartbreaking. Some should not walk simply or deal with themselves independently. Doctors and surgeons felt helpless, knowing they couldn’t offer a remedy to individuals who desperately wished it. On top of that, the delivery chain troubles induced similar delays, making the state of affairs even greater disturbing.

LATEST TREND

Technological Advancement Drives Market Growth

Hip and knee replacements are really evolving these days. Doctors are using all kinds of cool tech, like robots and smart devices, to make the surgeries more accurate and less painful. People are loving the newer ways that don’t involve big cuts, so they heal faster and can get back to their lives sooner. What’s also interesting is how implants are becoming more personalized—kind of like getting something made just for you, often with 3D printing. And it’s amazing that more patients can go home the same day now because of better pain control and anesthesia. On top of that, rehab isn’t just about going to a clinic anymore; there are virtual tools and video check-ins that make it easier to stick with exercises from home. Overall, it feels like joint replacement is becoming a lot more patient-friendly and focused on making recovery smoother.

HIP AND KNEE REPLACEMENT MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Total Hip Systems, Partial Hip Systems, Revision Hip Systems, Total Knee Systems, Partial Knee Systems, and Revision Knee Systems

Total Hip Systems: These structures contain changing each the femoral head and the acetabulum (hip socket) with prosthetic components. They are normally used for patients with excessive hip arthritis or joint damage.

Partial Hip Systems: These systems generally update the femoral head, preserving the natural socket. They are regularly applied in instances of hip fractures or when the socket remains healthy.

Revision Hip Systems: These are used to replace or restore previously implanted hip prostheses that have failed due to wear, loosening, or contamination. They are more complicated and require specialized components.

Total Knee Systems: These include changing all 3 compartments of the knee joint—medial, lateral, and patellofemoral—with prosthetic parts. They are used to cope with intense arthritis or harm affecting the entire knee.

Partial Knee Systems: These replace the simplest one compartment of the knee (commonly medial or lateral), keeping the more part of the natural joint. They are appropriate for patients with harm localized to a specific area of the knee.

Revision Knee Systems: These are designed for reoperations on previously implanted knee prostheses that have failed. They are applied in complex instances requiring advanced surgical techniques and custom-designed implants.

BY Application
 
Based on application, the global market can be categorized into Hip Replacement, and Knee Replacement

Hip replacement: In this operation, diseased or injured hip joint components are surgically removed and replaced with artificial ones. Patients with ailments like osteoarthritis or fractures benefit from its ability to lessen discomfort and increase mobility.

Knee Replacement: Artificial implants are used to replace or resurface the damaged knee joint surfaces. In patients with advanced knee arthritis or damage, it is frequently done to reduce discomfort and restore function.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                          

DRIVING FACTORS

Aging Population and Lifestyle-Related Joint Issues Drive the Market

Lately, aging adults want to live longer and remain lively and active. Still, standing on the feet for so long every day often tires the hips and knees. A lot of people feel pain or stiffness now and then, thanks to the constant wear their bodies take through injuries or conditions. Often, it takes real effort to simply walk or ascend a flight of stairs. When you are overweight or don’t move enough, it can cause your joints to wear out faster. Since independence and hobbies are important to most seniors, hip or knee replacements are a common solution. It helps them regain their independence and their usual way of feeling. Since people are living longer but wanting to keep active, it’s not shocking that more are deciding on these operations.

Advances in Medical Technology and Surgical Techniques Help the Industry to Grow.

Knowing that your hip or knee needed replacing used to give pause, but now, with new medical advances, the outcome is much better. Because of high-tech gear, surgeons have even better tools to help them be more precise, causing less tissue damage and a quicker recovery. Currently, implants perform better and no longer feel too different inside the body. Once difficult, recovery is now much smoother, and managing pain has gone a long way. These days, people recognize their alternative treatment options and act sooner, even as the pain intensifies. Because they can detect issues early, treatments happen when they are most effective. All of this means more individuals are deciding on the procedure and getting their usual movement back, which is driving the market’s expansion.

RESTRAINING FACTOR

High Cost and Limited Availability of These Procedures Impede Market Growth

One of the biggest hurdles in the hip and knee replacement market growth is the high fee and limited availability of those approaches in many places. Even though these surgeries can greatly improve a person’s nice of life, they frequently come with hefty fee tags due to steeply-priced implants, the need for skilled surgeons, and the rehab that follows. This makes it tough for humans, particularly in less evolved areas, to get well-timed treatment. On top of that, there are often lengthy ready lists in public hospitals, and coverage can be spotty, so many parents get rid of a surgical procedure. Some sufferers are also worried approximately the dangers—like infections or headaches at some point of recovery—that could lead them to be hesitant to undergo the operation. Elderly sufferers, particularly, would possibly keep away from these surgical procedures because of different health issues or fears around long recuperation times. Plus, there are cultural limitations and a standard lack of information about how a whole lot these replacements can assist, which means many people miss out on a chance to stay more comfortably.

OPPORTUNITY

More and More People are Dealing with Joint Pain and Arthritis Presents a Significant Opportunity for the Product in the Market

The hip and knee replacement marketplace is surely developing because more and more people are managing joint pain and arthritis, mainly because the population a while. People need to live lively and enjoy their lifestyles, and these surgical procedures may be life-changing. Advances in technology are making those techniques higher than ever — assume much less invasive surgical procedures, robotic help, and implants tailor-made to match the patient perfectly. These enhancements suggest faster recuperation and better outcomes, so more people are willing to keep in mind surgical operations. Also, as healthcare structures consciousness extra on value and results, hospitals are seeking out smarter approaches to supply these offerings successfully. What’s thrilling is that rising markets are starting to capture up, with more investment and focus main to greater get right of entry to for sufferers who formerly had limited alternatives. Education efforts also are assisting humans to understand their alternatives in advance, because of this they are able to get help earlier than their condition worsens. It’s a truly hopeful time for this market because the demand for stepped forward mobility and ache relief is only going to continue developing.

CHALLENGE

Ensuring Long-Term Implant Performance and Patient Satisfaction Could Be a Potential Challenge

One of the most important demanding situations for hip and knee replacements is ensuring that implants are ultimate and paintings well over a few years, especially as younger, more active patients are undergoing these surgeries now. They assume their new joints to handle a busy way of life, which puts a lot of strain on producers to create long lasting, long-lasting implants. Unfortunately, now and then those implants fall out or loosen, which means sufferers need follow-up surgeries, which can be pricey and annoying. Another hurdle is navigating the strict policies for new implant technologies, which could sluggish down innovation. On top of that, now not all surgeons have the equal stage of education or get right of entry to to the present-day tools, which could affect how well patients do after surgery. The market additionally faces pricing pressures and complicated coverage repayment procedures, which can make it tough for hospitals and producers to balance costs with fines. It’s a delicate balancing act—pushing for new, better answers at the same time as making sure remedies live cheap and reliably for the folks that want them.

HIP AND KNEE REPLACEMENT MARKET REGIONAL INSIGHTS

●       NORTH AMERICA

North America is really leading the way when it comes to hip and knee replacement market share. The United States hip and knee replacement market, in particular, plays a big part in this, thanks to its advanced healthcare facilities and a strong focus on orthopedic care. Many people there are becoming more aware of joint health, especially as the population ages and people want to stay active longer. What’s interesting is how quickly new technology—like robotic-assisted surgeries—is being embraced to improve outcomes. Plus, there’s a great support system for patients after surgery, which helps them recover faster and get back to their normal lives. With all this in place, it’s no surprise North America remains at the forefront of this market.

●       EUROPE

Europe also has a strong position in the hip and knee replacement markets, mainly because of the aging population and well-developed health care. Countries such as Germany and the United Kingdom provide excellent access to orthopedic agents, making a big difference for patients who require joint replacement. People there are quickly interested in the processes that reduce pain and speed recovery, so new, less aggressive techniques become popular. What is great about Europe focuses on improving the quality of life for pensioners, where many government programs make these surgeries accessible. Cooperation between hospitals and research centers continues to drive innovation, which helps Europe to remain competitive in the region.  

●       ASIA

Asia Pacific is starting to make waves in the hip and knee replacement market. There is a growing demand for this operation, improvement of their services in several hospitals, and with long-term people. Countries like China and India look at more patients because consciousness is increasing, and health services are becoming cheaper. Many people want to maintain their dynamics and freedom because they have an increasing interest in joint compensation with age. In addition, medical tourism blooms here, where people travel for quality care at better prices. Governments take steps to support the improvement in the health care system, making the region a rapidly growing player in this market.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

When it comes to hip and knee replacements, there are quite a few important people and groups involved. First, you have the manufacturers who create the implants and surgical tools, constantly working to make them better and more comfortable for patients. Then, there are the surgeons who actually perform the operations—they’re not only highly skilled but also deeply invested in helping patients regain mobility and improve their quality of life. Behind the scenes, researchers and engineers are always looking for new ways to improve implant materials and surgical techniques to make the whole process safer and more effective. Hospitals and clinics provide the space and care needed before, during, and after surgery, while physical therapists help patients recover and get back on their feet. And of course, regulatory bodies make sure everything is safe and up to standard. All these players come together to help people move more freely and live better lives after joint replacement.

 LIST OF TOP HIP AND KNEE REPLACEMENT COMPANIES              

Zimmer Biomet (U.S.)

Johnson & Johnson(U.S.)

Stryker Corporation (U.S.)

Smith & Nephew(U.K.)

B. Braun(Germany)

Wright Medical Group(Netherlands)

Corin Group(U.K.)

Exactech(U.S.)

DJO Global (U.S.)

Waldemar Link(Germany)

Mindray (China)

KEY INDUSTRY DEVELOPMENT

August 2024: Alkem Labs and US-based Exactech Inc. have partnered to produce and sell big joint implants in India through Alkem MedTech, a subsidiary of Alkem Laboratories. Alkem MedTech now has the marketing rights to Exactech's implant brands, such as Logic Fit, Optetrak, and Truliant, according to the agreement.

REPORT COVERAGE       

The study conducts an in-depth analysis of the market using a full SWOT analysis, providing significant insights into future developments and prospective growth paths. It assesses the key elements impacting market growth, such as industry trends, customer behavior, and technical improvements. By investigating various market categories and applications, the study identifies important growth factors and constraints, providing a comprehensive picture of the market dynamics. Historical milestones and current trends are meticulously researched to offer context and identify areas ripe for innovation and investment.

The market has enormous potential, fuelled by changing customer preferences and technology advancements. Factors such as rising demand for sustainable solutions, new developments, and increased market penetration all contribute to its optimistic outlook. Despite challenges such as regulatory hurdles and supply chain constraints, industry leaders continue to innovate and adapt, resulting in strong growth. As consumer preferences shift toward sustainability and efficiency, the industry is likely to thrive, fueled by strategic alliances, research activities, and the adoption of cutting-edge technology to suit a variety of demands.