2022 Forecasts on Major Orthopedic Joint Replacement Implants Market – Knee & Hip Replacement Implants Research Report

2022 Forecasts on Major Orthopedic Joint Replacement Implants Market - Knee & Hip Replacement Implants Research Report

“Major Orthopedic Joint Replacement Implants Market By Type (Knee Replacement Implants And Hip Replacement Implants), By Geography, By Trends And By Key Players – Global Forecast To 2022”
Zimmer Biomet Was The As The Largest Company In The Major Orthopedic Joint Replacement Implants Market, According To TBRC’s Report (Companies: Depuy Synthes, Zimmer and Biomet, Stryker, Smith & Nephew, and Aesculap)

The global major orthopedic joint replacement implants market was valued nearly at $17 billion in 2017. North America is the largest market for major orthopedic joint replacement implants, accounting for around 54% of the global market. The major orthopedic joint replacement implants market in the USA is the largest in the world.

The major orthopedic replacement implants market includes implants used in knee and hip replacement surgical procedures. Hip and knee joint replacements are surgical procedures that aim to relieve pain and restore function.

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Major Orthopedic Joint Replacement Implants Market Size

The global major orthopedic joint replacement implants market is expected reach around $20 billion in 2022 at a growth rate of around 4%.Growth in the major orthopedic joint replacement implants market in the historic period resulted from the increasing numbers of elderly people, the rising prevalence of chronic diseases such as obesity and arthritis, and increasing awareness about the importance of joint replacement surgeries. Factors that negatively affected growth in the historic period were high revision burden, high cost of replacement surgery, and stringent government regulations. Going forward, Technological Advances and Gaining Momentum of Outpatient Arthroplasty Surgeries will drive growth.

Major players in the major orthopedic joint replacement implant market include Depuy Synthes, Zimmer and Biomet, Stryker, Smith & Nephew, and Aesculap.

Zimmer Biomet was the largest competitor in the major orthopedic replacement implants market in 2017 with around 28% share of market. Zimmer is a worldwide leader in musculoskeletal health care established more than 80 years ago. With a global team of more than 8,500 employees the company provide effective, creative solutions that support orthopedic surgeons and clinicians to restore mobility and treat arthritis and traumatic injuries.

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Major Orthopedic Joint Replacement Implants Market Segmentation

The Major Orthopedic Joint Replacement Implants market is segmented by type of joint, by type of fixation, by type of material, by type of material combination, by facility and by geography. 
By Joint Type – The major orthopedic joint replacement implants market is segmented by joint type into

    • a) Knee Replacement Implant
    • b) Hip Replacement Implant

Knee Replacement Implant had the highest growth rate of nearly 4% during the historic period. 
Sub- Segmentation 
By Type Of Material – The hip replacement implants and knee replacement implants markets is further segmented by material type into

    • a) Ceramics
    • b) Metals
    • c) Polymers

Metals and ceramics are the largest segment in hip and knee orthopedic implants respectively. 
By Type Of Material Combination – The hip replacement implants market is further segmented by material combination type into

    • a) Metal on Polymer
    • b) Ceramic on Polymer
    • c) Ceramic on Ceramic
    • d) Metal on Metal
    • e) Ceramic on Metal

The knee replacement implants market is further segmented by material combination type into

    • a) Metal on Polymer
    • b) Ceramic on Polymer

Metal on polymer is the largest segment in both hip and knee orthopedic joint replacement implants. 
By Type Of Fixation – The hip replacement implants and knee replacement implants markets is further segmented by fixation type into

    • a) Cementless
    • b) Cemented
    • c) Hybrid

Cementless fixation is more common in hip replacement implants whereas cement fixations are more common in knee replacement implants. 

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