The global hips & knees reconstructive market, valued at USD 20.8 billion in 2022, is expected to experience steady growth over the next decade. With a projected CAGR of 5.6% from 2022 to 2032, the market is estimated to reach USD 35.8 billion by the end of 2032.
Among the product segments, knee reconstruction continues to lead the market, holding a dominant share of approximately 57.9% in 2021. This growth is driven by the increasing prevalence of knee-related conditions and the rising demand for joint replacement surgeries globally. Advances in surgical techniques and implant technologies are further contributing to the expansion of the hips & knees reconstructive market.
The World Health Organization (WHO) estimates that nearly 1.71 billion people worldwide suffer from musculoskeletal conditions, and that the market will be driven by the rising incidence of various orthopedic disorders such as osteoarthritis, carpal tunnel syndrome, ligament injuries, and lateral epicondylitis, particularly among the geriatric population. Total hip arthroplasty (THA) is one of the most affordable and consistently successful orthopedic procedures. It offers reliable results for people with advanced degenerative hip osteoarthritis; pain relief, functional recovery, and improvement in quality of life are some of the associated outcomes.
Competitive Landscape
Key players present in the global hips & knees reconstructive market are employing various strategies, including acquisitions & mergers, collaborations, research & development (R&D) activities, and new product launches to gain a competitive edge. Meanwhile, some of the other key players are introducing new product lines into emerging markets to establish a dominant geographical position.
Some of the recent industry developments in the global market are:
- At the American Academy of Orthopedic Surgeons (AAOS) 2021 in August 2021, Zimmer Biomet announced new data, demonstrating the therapeutic advantages of mymobility with Apple Watch.
- In March 2022, Johnson & Johnson MedTech declared that DePuy Synthes, its orthopedics company, is including two new products, namely, the ATTUNE Medial Stabilized Knee System and the ATTUNE Cementless Fixed Bearing Knee with AFFIXIUM 3DP technology, in its kinematically advanced and proven ATTUNE portfolio.
Key Companies Profiled
Zimmer Biomet; DePuy Synthes; Smith & Nephew plc.; Stryker; MicroPort Scientific Corporation; B. Braun Melsungen AG; Exactech, Inc.; Limacorporate S.p.a.; CeramTec; ConforMIS
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Key Segments Covered in Hips & Knees Reconstructive Market
By Product:
- Hip Reconstruction
- Total Hip Reconstruction Implants
- Metal-On-Polyethylene
- Metal-On-Metal
- Ceramic-On-Polyethylene
- Ceramic-On-Ceramic
- Others
- Partial Hip Reconstruction Implants
- Revision Implants
- Total Hip Reconstruction Implants
- Knee Reconstruction
- Total Knee Reconstruction Implants
- Partial Knee Reconstruction Implants
- Revision Implants
By Fixation:
- Cement
- Cementless
- Hybrid
By End User:
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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