Global Joint Replacement Market Size & Outlook, 2022-2030
Global joint replacement market, 2018-2030 (US$M)
Related Markets
Global joint replacement market highlights
- The global joint replacement market generated a revenue of USD 20,893.3 million in 2022 and is expected to reach USD 28,698.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4% by 2030.
- In terms of segment, knee accounted for a revenue of USD 9,892.0 million in 2022.
- Extremities is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 20,893.3 million |
| Market revenue in 2030 | USD 28,698.0 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Knee |
| Fastest growing segment | Extremities |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Knee, Hips, Extremities |
Other key industry trends
- In terms of revenue, the North America accounted for 62.6% of the global joint replacement market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,198.5 million by 2030.
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Joint Replacement Market Scope
Joint Replacement Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global joint replacement market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to joint replacement market will help companies and investors design strategic landscapes.
Knee was the largest segment with a revenue share of 47.35% in 2022. Horizon Databook has segmented the Global joint replacement market based on knee, hips, extremities covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Joint Replacement Product Outlook (Revenue, USD Million, 2018-2030)
- Knee
- Hips
- Extremities
- Upper
- Lower
- Global Joint Replacement Fixation Type Outlook (Revenue, USD Million, 2018-2030)
- Cemented
- Cementless
- Hybrid
- Reverse Hybrid
- Global Joint Replacement Procedure Outlook (Revenue, USD Million, 2018-2030)
- Total Replacement
- Partial Replacement
- Others
- Global Joint Replacement End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Orthopedic Clinics
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global joint replacement market, including forecasts for subscribers. This global databook contains high-level insights into Global joint replacement market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global joint replacement market report size, by regions, 2018-2030 (US$M)
Top 10 countries: Joint replacement market report size, 2022 (US$M)
Global joint replacement market report share, by product, 2022 & 2030 (%, US$M)
Joint replacement market: Opportunity assessment by country
Global joint replacement market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 12,038.0 | 12,384.8 | 10,795.5 | 12,656.1 | 13,083.0 | 13,522.2 | 13,974.7 | 14,459.3 | 14,978.4 | 15,534.6 | 16,130.9 | 16,770.4 | 17,456.6 | 3.7% |
| Europe | 3,430.7 | 3,501.3 | 3,037.6 | 3,547.5 | 3,661.7 | 3,779.7 | 3,901.9 | 4,033.0 | 4,173.9 | 4,325.1 | 4,487.7 | 4,662.5 | 4,850.5 | 3.6% |
| Asia Pacific | 2,528.6 | 2,655.6 | 2,374.1 | 2,836.2 | 2,995.3 | 3,162.5 | 3,338.3 | 3,527.1 | 3,729.8 | 3,948.0 | 4,182.8 | 4,435.9 | 4,709.0 | 5.8% |
| Latin America | 568.6 | 610.8 | 557.0 | 659.0 | 688.8 | 719.9 | 752.4 | 787.2 | 824.6 | 864.7 | 907.8 | 954.1 | 1,004.0 | 4.8% |
| MEA | 353.8 | 397.1 | 377.3 | 444.5 | 464.5 | 485.4 | 507.3 | 530.9 | 556.0 | 583.2 | 612.5 | 644.0 | 677.9 | 4.8% |
| Overall | 18,919.7 | 19,549.6 | 17,141.5 | 20,143.3 | 20,893.3 | 21,669.7 | 22,474.6 | 23,337.5 | 24,262.7 | 25,255.6 | 26,321.7 | 27,466.9 | 28,698.0 | 4.1% |
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