India Joint Replacement Market Size & Outlook, 2022-2030

The joint replacement market in India is expected to reach a projected revenue of US$ 845.3 million by 2030. A compound annual growth rate of 6.3% is expected of India joint replacement market from 2023 to 2030.
Revenue, 2022 (US$M)
$517.3
Forecast, 2030 (US$M)
$845.3
CAGR, 2023 - 2030
6.3%
Report Coverage
India

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India joint replacement market, 2018-2030 (US$M)

India joint replacement market, 2018-2030 (US$M)

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India joint replacement market highlights

  • The India joint replacement market generated a revenue of USD 517.3 million in 2022 and is expected to reach USD 845.3 million by 2030.
  • The India market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
  • In terms of segment, knee was the largest revenue generating product in 2022.
  • Extremities is the most lucrative product segment registering the fastest growth during the forecast period.


Joint replacement market data book summary

Market revenue in 2022USD 517.3 million
Market revenue in 2030USD 845.3 million
Growth rate6.3% (CAGR from 2022 to 2030)
Largest segmentKnee
Fastest growing segmentExtremities
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationKnee, Hips, Extremities
Key market players worldwideJohnson & Johnson, Stryker Corp, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, Enovis Corp, Arthrex, TPG Inc Ordinary Shares - Class A, MicroPort Scientific Corp, ConforMIS, Corin Group


Other key industry trends

  • In terms of revenue, India accounted for 2.5% of the global joint replacement market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China joint replacement market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,462.5 million by 2030.

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Joint Replacement Market Companies

Name Profile # Employees HQ Website
Corin Group View profile 251-500 Cirencester, Gloucestershire, United Kingdom, Europe http://www.coringroup.com/
ConforMIS View profile 251-500 Burlington, Massachusetts, United States, North America http://www.conformis.com
Arthrex View profile 5001-10000 Naples, Florida, United States, North America https://www.arthrex.com/
Enovis Corp View profile 6550 2711 Centerville Road, Suite 400, Wilmington, DE, United States, 19808 https://www.enovis.com
TPG Inc Ordinary Shares - Class A View profile 1850 301 Commerce Street, Suite 3300, Fort Worth, TX, United States, 76102 https://www.tpg.com
MicroPort Scientific Corp View profile 8230 1601 Zhangdong Road, Zhangjiang Hi-Tech Park, Shanghai, China, People's Republic of, 201203 https://www.microport.com
Smith & Nephew PLC View profile 18452 Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE https://www.smith-nephew.com
Zimmer Biomet Holdings Inc View profile 18000 345 East Main Street, Warsaw, IN, United States, 46580 https://www.zimmerbiomet.com
Stryker Corp View profile 52000 1941 Stryker Way, Portage, MI, United States, 49002 https://www.stryker.com
Johnson & Johnson View profile 134400 One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 https://www.jnj.com

India 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 56.6% in 2022. Horizon Databook has segmented the India joint replacement market based on knee, hips, extremities covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the India joint replacement market, including forecasts for subscribers. This country databook contains high-level insights into India joint replacement market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India joint replacement market report size, by product, 2018-2030 (US$M)

India Joint Replacement Market Share, 2022 & 2030 (US$M)

India joint replacement market report size, by product, 2018-2030 (US$M)

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