Artificial Hip and Knee Joints Market to Grow with a CAGR of 2.80% through 2029

Rising Prevalence of Osteoarthritis and Other Musculoskeletal Disorders and Rising Aging Population is expected to drive the Global Artificial Hip and Knee Joints Market growth in the forecast period, 2025-2029

According to TechSci Research report, “Artificial Hip and Knee Joints Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Artificial Hip and Knee Joints Market stood at USD 12.55 billion in 2023 and is anticipated to grow with a CAGR of 2.80% in the forecast period through 2029.

Significant advancements in surgical techniques, materials, and implant design are propelling the growth of the artificial joints market. Innovations like minimally invasive surgeries, robotics, and 3D printing are enhancing surgical precision, improving patient outcomes, and reducing recovery times. The development of improved implant materials, such as ceramic and highly cross-linked polyethylene, has increased the durability and biocompatibility of artificial joints, making them more attractive to both surgeons and patients.

In addition, growing awareness about the benefits of joint replacement surgeries is driving demand. Educational initiatives and patient advocacy efforts are encouraging individuals with joint pain to explore surgical options, further boosting market expansion. This awareness, combined with high success rates of artificial joint surgeries, has led to improved patient satisfaction and outcomes. Positive patient experiences shared through social media and support groups are creating a ripple effect, inspiring others to seek similar treatments.

Economic factors are also playing a key role, as untreated joint conditions place a significant burden on individuals and healthcare systems. By investing in joint replacement surgeries, healthcare providers can reduce the long-term costs associated with chronic joint-related treatments. Meanwhile, the rise of e-commerce and telemedicine is broadening access to artificial joints, allowing patients to research and purchase products online, making healthcare decisions more convenient.

Strategic collaborations and mergers among companies in the artificial joints market are driving innovation and expanding market reach. By pooling resources, research, and distribution networks, these partnerships enable the development of cutting-edge solutions and improve market presence. Regulatory bodies are also contributing to market growth by streamlining approval processes for new orthopedic products, encouraging a competitive and innovative environment in the industry.

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The Global Artificial Hip and Knee Joints Market is segmented into site, end user, regional distribution and company.

Based on end user, the Hospitals & Surgery Centers segment has emerged as the predominant market leader, The Hospitals & Surgery Centers segment plays a dominant role in the global artificial hip and knee joints market, driven by several factors that highlight its central importance to the industry. As the primary facilities where hip and knee replacement surgeries are performed, hospitals and surgery centers serve as critical points of care, especially for complex orthopedic procedures. Hospitals and surgery centers are the leading institutions for performing joint replacement surgeries due to the high number of patients they handle and their extensive infrastructure. Most hip and knee replacements, especially more complicated cases like revision surgeries or procedures on patients with comorbidities, are performed in hospitals and surgery centers. These institutions have the necessary equipment, skilled medical personnel, and experience to handle such cases efficiently. From preoperative consultations and diagnostic services to postoperative care and rehabilitation, hospitals provide end-to-end treatment options, which encourages patients to seek care in these facilities, thereby increasing demand for artificial joints. The integration of robotic-assisted surgical systems and minimally invasive techniques has made joint replacement surgeries more precise and efficient. These technologies are more commonly available in hospitals and specialized surgery centers, making these facilities preferred destinations for both patients and surgeons. Many hospitals are adopting 3D printing technology to create customized implants that offer better patient outcomes. This further positions hospitals and surgery centers as leaders in the market, as they have the capability to provide tailored solutions for individual patients.

Based on region, The Asia Pacific region is experiencing rapid market growth. the primary drivers of market growth in the Asia Pacific region is the rapidly aging population. Countries like Japan, China, India, and South Korea are witnessing a significant increase in the elderly population, who are more prone to musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, and other degenerative joint diseases. Osteoarthritis, a leading cause of joint deterioration, is becoming more prevalent among the aging population. The need for joint replacement surgeries to restore mobility and alleviate pain is expected to rise dramatically, driving demand for artificial hip and knee joints. The elderly require specialized orthopedic care, and with a growing number of individuals over the age of 60, healthcare providers in the region are preparing to meet the surge in demand for joint replacement surgeries. The healthcare infrastructure in the Asia Pacific region is undergoing significant expansion and modernization. Governments and private sector players are heavily investing in building new hospitals, expanding surgical facilities, and improving medical technologies. Many countries in the region are seeing a rise in the number of hospitals and specialty clinics focused on orthopedic care. These facilities are equipped with advanced technology, such as robotic-assisted surgeries and minimally invasive techniques, which are making joint replacements safer and more efficient. Economic growth in countries such as China and India has led to better access to healthcare for a broader segment of the population. As disposable incomes rise and healthcare insurance coverage becomes more widespread, more people are able to afford elective procedures like hip and knee replacements.

Major companies operating in Global Artificial Hip and Knee Joints Market are:

• Exactech, Inc
• CORENTEC Co., Ltd.
• Smith+Nephew
• Zimmer Biomet
• Enovis Corporation
• Medical Device Business Services, Inc
• Medacta International SA
• MicroPort Orthopedics, Inc
• Stryker
• CONMED Corporation

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“the global artificial hip and knee joints market is positioned for significant growth, driven by advancements in surgical technologies, increasing demand due to the aging population, and the rising prevalence of musculoskeletal disorders. Key regions, such as North America and the Asia Pacific, are witnessing substantial expansion, supported by improved healthcare infrastructure, growing awareness of joint replacement benefits, and the integration of innovative technologies like robotic surgery and 3D printing. Despite challenges such as high costs and regulatory hurdles, ongoing research, strategic collaborations, and market expansion efforts will continue to shape the future of the industry, making joint replacement surgeries more accessible and effective for a wider patient population globally.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Artificial Hip and Knee Joints Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented by Site (Hip Joints, Knee Joints), By End User (Hospitals & Surgery Centers, Orthopedic Clinics, Others), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of Global Artificial Hip and Knee Joints Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Artificial Hip and Knee Joints Market.

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