This Knee and Hip Replacement Market report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application. Geographically, the report is categorized into several regions such as North America, South America, Asia Pacific, the Middle East and Africa, and the rest of the world. Moreover, the report also offers a COVID-19 impact on the Knee and Hip Replacement Market, enabling businesses to understand market drivers and restraints.

Knee and Hip Replacement Market, By Type (Hip Replacement, Knee Replacement), Component (Hip Stem System, Ace Tabular Cup Systems, Revision Accessories, Fixed Bearing Implants, Mobile Bearing Implants), Procedure (Total Hip Replacement, Partial Hip Replacement, Hip Resurfacing, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement), Material (Metal Alloys, Ceramic Material, Strong Plastic), Surgical Approach (Direct Anterior Approach, Anterolateral Approach, Posterolateral Approach, Medial Parapatellar Approach, Midvastus Approach, Subvastus Approach, Quadriceps Sparing Approach), Fixation Material (Cemented Fixation, Cementless Fixation, Hybrid Fixation), End User (Hospital, Specialty Centers, Orthopedic Clinics, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The global Knee and hip replacement market is anticipated to reach USD 5.82 billion by 2020 growing at a CAGR of 2.4% during the forecasting period, 2020-2028.

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Knee and hip replacement are procedures for replacing painful hips and knee joints and help in replacing them with an artificial joint often made from metal and plastic components. Factors such as technological advancements for improving surgical implant procedures and the growing patient population are some of the major drivers for the Knee and hip replacement market.

Key Findings

·         The global Knee and hip replacement market is segmented into type, component, procedure, material, surgical approach, fixation material, end-user, and geography.

·         The type segment is segmented into Hip Replacement and Knee Replacement

·         The component segment is segmented into Hip Stem System, Ace Tabular Cup Systems, Revision Accessories, Fixed Bearing Implants and Mobile Bearing Implants

·         Procedure segment is segmented into Total Hip Replacement, Partial Hip Replacement, Hip Resurfacing, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, and Revision Knee Replacement

·         The material segment is segmented into Metal Alloys, Ceramic Material, and Strong Plastic

·         The surgical Approach segment is segmented into the Direct Anterior Approach, Anterolateral Approach, Posterolateral Approach, Medial Parapatellar Approach, Midvastus Approach, Subvastus Approach, and Quadriceps Sparing Approach

·         Fixation Material segment is segmented into Cemented Fixation, Cementless Fixation, and Hybrid Fixation

·         The end-User segment is segmented into Hospital, Specialty Centers, Orthopedic Clinics and Others

·         Geographically, the global knee and hip replacement market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Regional Analysis

North America region is the largest contributor to the knee and hips replacement market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

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Competitive Landscape

Key players in the global knee and hip replacement market are

·         Stryker Corp.

·         Depuy Synthesis

·         Zimmer Biomet

·         Smith & Nephew

·         Medtronic Spina

·         DJO Global

·         Integra Lifesciences

·         Nuvasive Inc.

·         Globus Medical

·         Wrught Medical

·         Surgival, Amedica Corp.

·         Arthrex

·         Orthofix

·         Aspen Medical Products

·         Conmed Corp.

·         Corin, Dfine

·         Exactech

·         Nuortho Surgical among others

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

·         In 2017, Stryker Corp has announced the launch of the Mako Robotic-Arm Assisted Total Knee Application at the American Academy of Orthopaedic Surgeons. It would help the surgeons to have a more predictable surgical experience with increased accuracy

·         In 2019, DJO Global has announced the launch of the first fully sterile, surgeon-controlled leg and retractor holder for Anterior Approach Hip Arthroplasty at AAOS

·         Hence, tremendous progress has been made over the last decade, and yet a lot more to come in the recent years

Reasons to Acquire

·         Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors

·         Gain authentic and granular data access for the knee and hip replacement market so as to understand the trends and the factors involved behind changing market situations

·         Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

·         In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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