According to our new research study on "Joint Replacement Devices Market Forecast to 2031 -Global Analysis - by Type, and End User," the market is anticipated to grow from US$ 24.07 billion in 2024 to US$ 34.53 billion by 2031; the market is expected to register a CAGR of 5.4% from 2025 to 2031. The joint replacement devices market growth is attributed to the demographic shifts toward an aging population, increasing prevalence of obesity-linked osteoarthritis, and rapid technological advancements in surgical precision and implant design.
Joint replacement devices are medical appliances used to surgically remove and replace damaged or infected parts of a joint. Their purpose is to restore lost joint function and relieve the pain caused by diseases, degeneration, or traumatic injuries. These devices are mainly used in the treatment of the joints that are affected by conditions such as osteoarthritis, rheumatoid arthritis, traumatic injuries, or degenerative joint disease. Deep integration of AI and robotics for precision surgery, additive manufacturing via 3D printing for hyper-customized implants, shift toward biodegradable and regenerative biomaterials are expected to be major joint replacement devices market trends in the coming years.
The joint replacement devices market in North America is segmented into the US, Canada, and Mexico. The North America joint replacement devices market is expanding owing to several factors. The US holds the largest market share, followed by Canada. The demand for joint replacement devices in the region is fueled by the rising prevalence of musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, and osteoporosis-largely driven by an aging population-has significantly increased the demand for joint replacement procedures.
The US has the highest number of people undergoing joint replacement surgery compared to the rest of the world due to an increase in the number of people aged 65 and older, higher rates of obesity among people with osteoarthritis, and improvements in the quality of the American healthcare delivery system. In 2024, the American Joint Replacement Registry (AJRR) reported that 4.3 million hip and knee replacement procedures had been performed in the United States from 2012 to 2023, consisting of 3.7 million total hip replacements (THRs) and total knee replacements (TKRs). Approximately 51% of these procedures were performed on people having a THR or TKR for the first time. The volume of TKRs performed by individual surgeons increased in 2023, with an average surgeon performing 65.4 TKRs per year and a 70% increase in the number of TKRs performed in outpatient surgery centers in one year. In Canada, the Canadian Institute for Health Information (CIHI) reported that more than 117,000 hip and knee replacements were performed during the 2021-2022 fiscal year, representing a 5.9% increase over the previous year. PROMs (patient-reported outcome measures) have become established as commonly used quality improvement tools in both countries. By 2023, 44% of U.S. facilities were submitting PROMs as part of the AJRR's quality improvement program.
The rising number of older adults, the large proportion of people who are obese, and the increasing number of individuals suffering from osteoarthritis are driving the growth of the joint replacement device market in the US. The majority of joint replacement market share is held by TKA and THA, with the cementless series being most recommended for younger patients, and robotic-assisted TKA is used to assist in providing enhanced precision during surgical procedures. Every year, the US performs approximately 790,000 TKRs (Total Knee Replacements) and 544,000 THRs (Total Hip Replacements). The AJRR (American Joint Replacement Registry) captured 596,278 total hip and knee replacement surgeries for 2023 alone; this number added to the previous total of 3.7 million valid cases from 2012 to 2023. Approximately 1.9 million (nearly 63%) of the total TKRs and 1.2 million (approximately 37%) of the total THRs that were recorded have been primary TKRs and primary THRs, respectively. Other trends are reflected in the progressive shift from traditional, inpatient-based medical facilities to outpatient surgery centers for a greater portion of joint replacements; between 2023, the number of TKA performed at outpatient facilities rose 70% YOY to 62,110 persons, and also the mean length of hospital stay for TKA dropped to 1.1 days. The number of robotic-assisted TKRs in the US rose to 15.9%. Also, the number of total hip replacements using cementless fixation increased to 21.8%. Revision procedures account for 9% to 10% of all THR surgeries, which can be attributed to infections and implant looseness. A total of 1,447 medical facilities (hospitals, ASCs, etc.) and 4,954 surgeons provided aggregated data on the AJRR in 2023, indicating that a comprehensive number of joint replacement device information was available to patients across every state.
The US Food and Drug Administration, World Bank Data, National Health Service (NHS), FDA (Food and Drug Administration), EMA (European Medicines Agency), American Association of Hip and Knee Surgeons (AAHKS), and WHO (World Health Organization) are among the primary and secondary sources referred to while preparing the joint replacement devices market report.
Table Of Contents
1. Executive Summary
- 1.1 Analyst Market Outlook
- 1.2 Market Attractiveness
2. Joint Replacement Devices Market Landscape
- 2.1 Overview
- 2.2 Value Chain Analysis
- 2.3 Supply Chain Analysis
- 2.3.1 List of Manufacturers/Suppliers
- 2.3.2 List of Potential Customers (Upto 50)
- 2.4 Porter's Five Force Analysis
- 2.5 PEST Analysis
- 2.6 Import-Export Analysis for Key Countries (As per the nearest HS Code)
- 2.6.1 ImportAnalysis for Key Countries
- 2.6.2 Export Analysis for Key Countries
- 2.7 Impact of Artificial Intelligence (AI)
- 2.8 Product or Technology Roadmap
- 2.9 Sustainability and ESG Trends
- 2.10 Regulatory Framework
3. Competitive Landscape
- 3.1 Company Benchmarking by Key Players
- 3.2 Market Share Analysis, 2024 - By Key Players
- 3.3 Market Concentration
4. Joint Replacement Devices Market - Key Industry Dynamics
- 4.1 Market Drivers
- 4.2 Market Restraints
- 4.3 Market Opportunities
- 4.4 Future Trends
- 4.5 Impact of Drivers and Restraints
5. Joint Replacement Devices Market - Global Market Analysis
- 5.1 Joint Replacement Devices Market Revenue (US$ Million), 2021-2031
- 5.2 Joint Replacement Devices Market Forecast and Analysis
6. Joint Replacement Devices Market Revenue Analysis -Type
- 6.1 Joint Replacement Devices Market Forecasts and Analysis by Type
- 6.1.1 Knee
- 6.1.1.1 Overview
- 6.1.1.2 Knee: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
- 6.1.2 Hip
- 6.1.2.1 Overview
- 6.1.2.2 Hip: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
- 6.1.3 Shoulder
- 6.1.3.1 Overview
- 6.1.3.2 Shoulder: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
- 6.1.4 Ankle
- 6.1.4.1 Overview
- 6.1.4.2 Ankle: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
- 6.1.5 Others
- 6.1.5.1 Overview
- 6.1.5.2 Others: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
7. Joint Replacement Devices Market Revenue Analysis -End User
- 7.1 Joint Replacement Devices Market Forecasts and Analysis by End User
- 7.1.1 Hospitals
- 7.1.1.1 Overview
- 7.1.1.2 Hospitals: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
- 7.1.2 Orthopedic Clinics
- 7.1.2.1 Overview
- 7.1.2.2 Orthopedic Clinics: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
- 7.1.3 Ambulatory Surgical Centers
- 7.1.3.1 Overview
- 7.1.3.2 Ambulatory Surgical Centers: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
- 7.1.4 Others
- 7.1.4.1 Overview
- 7.1.4.2 Others: Joint Replacement Devices Market -Revenue, 2021-2031 (US$ Million)
8. Joint Replacement Devices Market - Geographical Analysis
- 8.1 North America
- 8.1.1 North America Joint Replacement Devices Market Overview
- 8.1.2 North America: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.1.3 North America: Joint Replacement Devices Market- By Segmentation
- 8.1.3.1 Type
- 8.1.3.2 Knee Implants By Type
- 8.1.3.3 Hip Implants By Type
- 8.1.3.4 End User
- 8.1.4 North America: Joint Replacement Devices Market Breakdown by Countries
- 8.1.4.1 United States Market
- 8.1.4.1.1 United States: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.1.4.1.2 United States: Joint Replacement Devices Market- By Segmentation
- 8.1.4.1.2.1 Type
- 8.1.4.1.2.2 Knee Implants By Type
- 8.1.4.1.2.3 Hip Implants By Type
- 8.1.4.1.2.4 End User
- 8.1.4.2 Canada Market
- 8.1.4.2.1 Canada: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.1.4.2.2 Canada: Joint Replacement Devices Market- By Segmentation
- 8.1.4.2.2.1 Type
- 8.1.4.2.2.2 Knee Implants By Type
- 8.1.4.2.2.3 Hip Implants By Type
- 8.1.4.2.2.4 End User
- 8.1.4.3 Mexico Market
- 8.1.4.3.1 Mexico: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.1.4.3.2 Mexico: Joint Replacement Devices Market- By Segmentation
- 8.1.4.3.2.1 Type
- 8.1.4.3.2.2 Knee Implants By Type
- 8.1.4.3.2.3 Hip Implants By Type
- 8.1.4.3.2.4 End User
- 8.2 Europe
- 8.2.1 Europe Joint Replacement Devices Market Overview
- 8.2.2 Europe: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.2.3 Europe: Joint Replacement Devices Market- By Segmentation
- 8.2.3.1 Type
- 8.2.3.2 Knee Implants By Type
- 8.2.3.3 Hip Implants By Type
- 8.2.3.4 End User
- 8.2.4 Europe: Joint Replacement Devices Market Breakdown by Countries
- 8.2.4.1 Germany Market
- 8.2.4.1.1 Germany: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.2.4.1.2 Germany: Joint Replacement Devices Market- By Segmentation
- 8.2.4.1.2.1 Type
- 8.2.4.1.2.2 Knee Implants By Type
- 8.2.4.1.2.3 Hip Implants By Type
- 8.2.4.1.2.4 End User
- 8.2.4.2 United Kingdom Market
- 8.2.4.2.1 United Kingdom: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.2.4.2.2 United Kingdom: Joint Replacement Devices Market- By Segmentation
- 8.2.4.2.2.1 Type
- 8.2.4.2.2.2 Knee Implants By Type
- 8.2.4.2.2.3 Hip Implants By Type
- 8.2.4.2.2.4 End User
- 8.2.4.3 France Market
- 8.2.4.3.1 France: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.2.4.3.2 France: Joint Replacement Devices Market- By Segmentation
- 8.2.4.3.2.1 Type
- 8.2.4.3.2.2 Knee Implants By Type
- 8.2.4.3.2.3 Hip Implants By Type
- 8.2.4.3.2.4 End User
- 8.2.4.4 Italy Market
- 8.2.4.4.1 Italy: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.2.4.4.2 Italy: Joint Replacement Devices Market- By Segmentation
- 8.2.4.4.2.1 Type
- 8.2.4.4.2.2 Knee Implants By Type
- 8.2.4.4.2.3 Hip Implants By Type
- 8.2.4.4.2.4 End User
- 8.2.4.5 Spain Market
- 8.2.4.5.1 Spain: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.2.4.5.2 Spain: Joint Replacement Devices Market- By Segmentation
- 8.2.4.5.2.1 Type
- 8.2.4.5.2.2 Knee Implants By Type
- 8.2.4.5.2.3 Hip Implants By Type
- 8.2.4.5.2.4 End User
- 8.2.4.6 Rest of Europe Market
- 8.2.4.6.1 Rest of Europe: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.2.4.6.2 Rest of Europe: Joint Replacement Devices Market- By Segmentation
- 8.2.4.6.2.1 Type
- 8.2.4.6.2.2 Knee Implants By Type
- 8.2.4.6.2.3 Hip Implants By Type
- 8.2.4.6.2.4 End User
- 8.3 Asia Pacific
- 8.3.1 Asia Pacific Joint Replacement Devices Market Overview
- 8.3.2 Asia Pacific: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.3.3 Asia Pacific: Joint Replacement Devices Market- By Segmentation
- 8.3.3.1 Type
- 8.3.3.2 Knee Implants By Type
- 8.3.3.3 Hip Implants By Type
- 8.3.3.4 End User
- 8.3.4 Asia Pacific: Joint Replacement Devices Market Breakdown by Countries
- 8.3.4.1 China Market
- 8.3.4.1.1 China: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.3.4.1.2 China: Joint Replacement Devices Market- By Segmentation
- 8.3.4.1.2.1 Type
- 8.3.4.1.2.2 Knee Implants By Type
- 8.3.4.1.2.3 Hip Implants By Type
- 8.3.4.1.2.4 End User
- 8.3.4.2 Japan Market
- 8.3.4.2.1 Japan: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.3.4.2.2 Japan: Joint Replacement Devices Market- By Segmentation
- 8.3.4.2.2.1 Type
- 8.3.4.2.2.2 Knee Implants By Type
- 8.3.4.2.2.3 Hip Implants By Type
- 8.3.4.2.2.4 End User
- 8.3.4.3 India Market
- 8.3.4.3.1 India: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.3.4.3.2 India: Joint Replacement Devices Market- By Segmentation
- 8.3.4.3.2.1 Type
- 8.3.4.3.2.2 Knee Implants By Type
- 8.3.4.3.2.3 Hip Implants By Type
- 8.3.4.3.2.4 End User
- 8.3.4.4 Australia Market
- 8.3.4.4.1 Australia: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.3.4.4.2 Australia: Joint Replacement Devices Market- By Segmentation
- 8.3.4.4.2.1 Type
- 8.3.4.4.2.2 Knee Implants By Type
- 8.3.4.4.2.3 Hip Implants By Type
- 8.3.4.4.2.4 End User
- 8.3.4.5 South Korea Market
- 8.3.4.5.1 South Korea: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.3.4.5.2 South Korea: Joint Replacement Devices Market- By Segmentation
- 8.3.4.5.2.1 Type
- 8.3.4.5.2.2 Knee Implants By Type
- 8.3.4.5.2.3 Hip Implants By Type
- 8.3.4.5.2.4 End User
- 8.3.4.6 Rest of APAC Market
- 8.3.4.6.1 Rest of APAC: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.3.4.6.2 Rest of APAC: Joint Replacement Devices Market- By Segmentation
- 8.3.4.6.2.1 Type
- 8.3.4.6.2.2 Knee Implants By Type
- 8.3.4.6.2.3 Hip Implants By Type
- 8.3.4.6.2.4 End User
- 8.4 Middle East and Africa
- 8.4.1 Middle East and Africa Joint Replacement Devices Market Overview
- 8.4.2 Middle East and Africa: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.4.3 Middle East and Africa: Joint Replacement Devices Market- By Segmentation
- 8.4.3.1 Type
- 8.4.3.2 Knee Implants By Type
- 8.4.3.3 Hip Implants By Type
- 8.4.3.4 End User
- 8.4.4 Middle East and Africa: Joint Replacement Devices Market Breakdown by Countries
- 8.4.4.1 Saudi Arabia Market
- 8.4.4.1.1 Saudi Arabia: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.4.4.1.2 Saudi Arabia: Joint Replacement Devices Market- By Segmentation
- 8.4.4.1.2.1 Type
- 8.4.4.1.2.2 Knee Implants By Type
- 8.4.4.1.2.3 Hip Implants By Type
- 8.4.4.1.2.4 End User
- 8.4.4.2 South Africa Market
- 8.4.4.2.1 South Africa: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.4.4.2.2 South Africa: Joint Replacement Devices Market- By Segmentation
- 8.4.4.2.2.1 Type
- 8.4.4.2.2.2 Knee Implants By Type
- 8.4.4.2.2.3 Hip Implants By Type
- 8.4.4.2.2.4 End User
- 8.4.4.3 United Arab Emirates Market
- 8.4.4.3.1 United Arab Emirates: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.4.4.3.2 United Arab Emirates: Joint Replacement Devices Market- By Segmentation
- 8.4.4.3.2.1 Type
- 8.4.4.3.2.2 Knee Implants By Type
- 8.4.4.3.2.3 Hip Implants By Type
- 8.4.4.3.2.4 End User
- 8.4.4.4 Rest of Middle East and Africa Market
- 8.4.4.4.1 Rest of Middle East and Africa: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.4.4.4.2 Rest of Middle East and Africa: Joint Replacement Devices Market- By Segmentation
- 8.4.4.4.2.1 Type
- 8.4.4.4.2.2 Knee Implants By Type
- 8.4.4.4.2.3 Hip Implants By Type
- 8.4.4.4.2.4 End User
- 8.5 South and Central America
- 8.5.1 South and Central America Joint Replacement Devices Market Overview
- 8.5.2 South and Central America: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.5.3 South and Central America: Joint Replacement Devices Market- By Segmentation
- 8.5.3.1 Type
- 8.5.3.2 Knee Implants By Type
- 8.5.3.3 Hip Implants By Type
- 8.5.3.4 End User
- 8.5.4 South and Central America: Joint Replacement Devices Market Breakdown by Countries
- 8.5.4.1 Brazil Market
- 8.5.4.1.1 Brazil: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.5.4.1.2 Brazil: Joint Replacement Devices Market- By Segmentation
- 8.5.4.1.2.1 Type
- 8.5.4.1.2.2 Knee Implants By Type
- 8.5.4.1.2.3 Hip Implants By Type
- 8.5.4.1.2.4 End User
- 8.5.4.2 Argentina Market
- 8.5.4.2.1 Argentina: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.5.4.2.2 Argentina: Joint Replacement Devices Market- By Segmentation
- 8.5.4.2.2.1 Type
- 8.5.4.2.2.2 Knee Implants By Type
- 8.5.4.2.2.3 Hip Implants By Type
- 8.5.4.2.2.4 End User
- 8.5.4.3 Rest of South and Central America Market
- 8.5.4.3.1 Rest of South and Central America: Joint Replacement Devices Market Revenue and Forecasts, 2021-2031 (US$ Million)
- 8.5.4.3.2 Rest of South and Central America: Joint Replacement Devices Market- By Segmentation
- 8.5.4.3.2.1 Type
- 8.5.4.3.2.2 Knee Implants By Type
- 8.5.4.3.2.3 Hip Implants By Type
- 8.5.4.3.2.4 End User
9. Joint Replacement Devices Market Industry Landscape
10. Joint Replacement Devices Market - Key Company Profiles
- 10.1 Zimmer Biomet Holdings Inc
- 10.1.1 Key Facts
- 10.1.2 Business Description
- 10.1.3 Products and Services
- 10.1.4 Financial Overview
- 10.1.5 SWOT Analysis
- 10.1.6 Key Developments
- 10.2 Stryker Corp
- 10.2.1 Key Facts
- 10.2.2 Business Description
- 10.2.3 Products and Services
- 10.2.4 Financial Overview
- 10.2.5 SWOT Analysis
- 10.2.6 Key Developments
- 10.3 Johnson & Johnson
- 10.3.1 Key Facts
- 10.3.2 Business Description
- 10.3.3 Products and Services
- 10.3.4 Financial Overview
- 10.3.5 SWOT Analysis
- 10.3.6 Key Developments
- 10.4 Smith & Nephew Plc
- 10.4.1 Key Facts
- 10.4.2 Business Description
- 10.4.3 Products and Services
- 10.4.4 Financial Overview
- 10.4.5 SWOT Analysis
- 10.4.6 Key Developments
- 10.5 Enovis Corp
- 10.5.1 Key Facts
- 10.5.2 Business Description
- 10.5.3 Products and Services
- 10.5.4 Financial Overview
- 10.5.5 SWOT Analysis
- 10.5.6 Key Developments
- 10.6 Exactech Inc
- 10.6.1 Key Facts
- 10.6.2 Business Description
- 10.6.3 Products and Services
- 10.6.4 Financial Overview
- 10.6.5 SWOT Analysis
- 10.6.6 Key Developments
- 10.7 MicroPort Scientific Corp
- 10.7.1 Key Facts
- 10.7.2 Business Description
- 10.7.3 Products and Services
- 10.7.4 Financial Overview
- 10.7.5 SWOT Analysis
- 10.7.6 Key Developments
- 10.8 Conmed Corp
- 10.8.1 Key Facts
- 10.8.2 Business Description
- 10.8.3 Products and Services
- 10.8.4 Financial Overview
- 10.8.5 SWOT Analysis
- 10.8.6 Key Developments
- 10.9 B Braun SE
- 10.9.1 Key Facts
- 10.9.2 Business Description
- 10.9.3 Products and Services
- 10.9.4 Financial Overview
- 10.9.5 SWOT Analysis
- 10.9.6 Key Developments
- 10.10 Globus Medical Inc
- 10.10.1 Key Facts
- 10.10.2 Business Description
- 10.10.3 Products and Services
- 10.10.4 Financial Overview
- 10.10.5 SWOT Analysis
- 10.10.6 Key Developments
11. Appendix
- 11.1 Glossary
- 11.2 Research Methodology and Approach
- 11.2.1 Secondary Research
- 11.2.2 Primary Research
- 11.2.3 Market Estimation Approach
- 11.2.3.1 Supply Side Analysis
- 11.2.3.2 Demand Side Analysis
- 11.2.4 Research Assumptions and Limitations
- 11.2.5 Currency Conversion
- 11.3 About The Insight Partners
- 11.4 Market Intelligence Cloud